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REGISTERED NUMBER: 08886854 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ZAZU'S KITCHEN PUBS LIMITED

ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZAZU'S KITCHEN PUBS LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2022







DIRECTOR: J E Savage





REGISTERED OFFICE: The Greenbank Pub
Greenbank
Bristol
United Kingdom
BS5 6DP





REGISTERED NUMBER: 08886854 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 443,363 488,674
Investments 5 - -
443,363 488,674

CURRENT ASSETS
Stocks 6 55,744 22,379
Debtors 7 265,459 208,333
Cash at bank and in hand 214,201 67,820
535,404 298,532
CREDITORS
Amounts falling due within one year 8 921,031 773,236
NET CURRENT LIABILITIES (385,627 ) (474,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,736

13,970

CREDITORS
Amounts falling due after more than
one year

9

(620,313

)

(672,703

)

PROVISIONS FOR LIABILITIES 11 (33,641 ) (37,022 )
NET LIABILITIES (596,218 ) (695,755 )

ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

BALANCE SHEET - continued
31 MARCH 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 560 560
Share premium 549,450 549,450
Retained earnings (1,146,228 ) (1,245,765 )
SHAREHOLDERS' FUNDS (596,218 ) (695,755 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 November 2023 and were signed by:





J E Savage - Director


ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2022

1. STATUTORY INFORMATION

Zazu's Kitchen Pubs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Zazu's Kitchen Pubs Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the value of goods sold during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the term of the lease
Improvements to property - over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
The company furloughed staff under the Government's Coronavirus Job Retention Scheme (CJRS) in the year and the prior year. Income receivable under the CJRS and relating to the accounting period has been recognised as Other Operating Income under the accruals basis. Salaries paid continue to be included with costs as usual.

The company also received Local Restrictions Support Grant payments during the year. and the prior year These have been recognised as Other Operating Income when received.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Going concern
The company made provision during the prior year against monies owed to it by its wholly owned subsidiary which appointed liquidators under a Creditors Voluntary Liquidation in October 2021.

The company is dependent upon the continued support of its director and he has confirmed his continuing support to allow the company to meet its obligations as they fall due. He has invested further funds in to the company following the year end to enable the company to pay its debts as and when they fall due.

Accordingly the director believes the company is a going concern and has prepared the financial statements on this basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 130 (2021 - 100 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2021 18,563 489,283 163,642
Additions - - 11,567
At 31 March 2022 18,563 489,283 175,209
DEPRECIATION
At 1 April 2021 5,533 131,525 121,139
Charge for year 1,238 32,160 12,028
At 31 March 2022 6,771 163,685 133,167
NET BOOK VALUE
At 31 March 2022 11,792 325,598 42,042
At 31 March 2021 13,030 357,758 42,503

ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2022

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2021 204,278 32,709 908,475
Additions 4,953 3,271 19,791
At 31 March 2022 209,231 35,980 928,266
DEPRECIATION
At 1 April 2021 139,302 22,302 419,801
Charge for year 16,779 2,897 65,102
At 31 March 2022 156,081 25,199 484,903
NET BOOK VALUE
At 31 March 2022 53,150 10,781 443,363
At 31 March 2021 64,976 10,407 488,674

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2021 100
Impairments (100 )
At 31 March 2022 -
PROVISIONS
At 1 April 2021 100

Impairments (100 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2022

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Zazu's Kitchen Restaurants Ltd
Registered office: The Greenbank Pub, Greenbank, Bristol. BS5 6DP.
Nature of business: Operation of licenced premises
%
Class of shares: holding
Ordinary 100.00

The members of the subsidiary company Zazu's Kitchen Restaurants Ltd passed a special resolution on 18 October 2021 to wind up the company under a Creditors Voluntary Liquidation.

The company made an impairment provision against its investment in Zazu's Kitchen Restaurants Ltd at 31 March 2021. The investment has been written off in the year.

6. STOCKS
2022 2021
£    £   
Stocks 55,744 22,379

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 44,560 2,597
Other debtors 187,066 172,473
Prepayments and accrued income 33,833 33,263
265,459 208,333

Other debtors at 31 March 2022 include £63,125 (2021 - £78,625) which is due after more than one year.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 7,500
Trade creditors 222,875 131,363
Corporation tax 32,063 400
Social security and other taxes 130,033 140,796
VAT 139,710 155,386
Other creditors 98,324 89,706
Accruals and deferred income 288,026 248,085
921,031 773,236

ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 22,500 32,500
Other creditors 19,562 158,062
Directors' loan accounts 568,251 472,141
620,313 672,703

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 226,100 224,100
Between one and five years 198,500 346,600
In more than five years 165,000 205,000
589,600 775,700

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 34,011 37,619
Other timing differences (370 ) (597 )
33,641 37,022

Deferred
tax
£   
Balance at 1 April 2021 37,022
Provided during year (3,381 )
Balance at 31 March 2022 33,641

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
560,000 Ordinary £0.00 1 560 560

ZAZU'S KITCHEN PUBS LIMITED (REGISTERED NUMBER: 08886854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2022

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 March 2022 the company owed the director J E Savage a total of £568,251 (2021 - £472,141) in respect of monies advanced and repaid during the year.

14. RELATED PARTY DISCLOSURES

At 31 March 2022, the company was owed £659,580 by it's wholly owned subsidiary Zazu's Kitchen Restaurants Ltd (2021 - £659,580), a company of which J E Savage is a director and in respect of which monies were advanced to that company. No interest is charged on this loan.

The company made provision during the prior year against all monies owed to it by its wholly owned subsidiary at 31 March 2021 which appointed liquidators under a Creditors Voluntary Liquidation in October 2021.

At 31 March 2022, the company was owed £36,323 by The Eastfield Pub Ltd, a company of which J E Savage is a director and in respect of which monies were advanced to that company. No interest is charged on this loan. In addition, at 31 March 2022 the company was owed £20,799 by The Eastfield Pub Ltd in respect of costs re-invoiced to that company, This balance is disclosed within trade debtors.

The company was charged rent for storage space of £12,000 by The Eastfield Pub Ltd during the year. This balance is disclosed within accruals and deferred income.

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is J E Savage.