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REGISTERED NUMBER: SC715786 (Scotland)















Unaudited Financial Statements

for the Period 23 November 2021 to 31 March 2023

for

Sano Pizza Limited

Sano Pizza Limited (Registered number: SC715786)






Contents of the Financial Statements
for the Period 23 November 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Sano Pizza Limited

Company Information
for the Period 23 November 2021 to 31 March 2023







DIRECTORS: A R MacHugh
R MacHugh





REGISTERED OFFICE: 1146 Argyle Street
Glasgow
Lanarkshire
G3 8TE





REGISTERED NUMBER: SC715786 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

Sano Pizza Limited (Registered number: SC715786)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Tangible assets 5 149,451

CURRENT ASSETS
Debtors 6 32,285
Cash at bank and in hand 72,967
105,252
CREDITORS
Amounts falling due within one year 7 294,288
NET CURRENT LIABILITIES (189,036 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,585

)

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (39,587 )
SHAREHOLDERS' FUNDS (39,585 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





A R MacHugh - Director


Sano Pizza Limited (Registered number: SC715786)

Notes to the Financial Statements
for the Period 23 November 2021 to 31 March 2023

1. STATUTORY INFORMATION

Sano Pizza Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going Concern
The accounts have been prepared on a going concern basis as the directors have undertaken to continue supporting the company through associated companies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the sale of food/drink items supplied by the company.
Turnover is measured at the fair value of food/drink items supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Taxation
Taxation for the period 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.


Sano Pizza Limited (Registered number: SC715786)

Notes to the Financial Statements - continued
for the Period 23 November 2021 to 31 March 2023

3. ACCOUNTING POLICIES - continued
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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 165,146
At 31 March 2023 165,146
DEPRECIATION
Charge for period 15,695
At 31 March 2023 15,695
NET BOOK VALUE
At 31 March 2023 149,451

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments and accrued income 32,285

Sano Pizza Limited (Registered number: SC715786)

Notes to the Financial Statements - continued
for the Period 23 November 2021 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 14,391
Amounts owed to group undertakings 226,201
Social security and other taxes 7,635
VAT 30,236
Directors' current accounts 2,825
Accrued expenses 13,000
294,288

8. RELATED PARTY DISCLOSURES

The related parties of Sano Pizza Limited are as follows:

A MacHugh and R MacHugh are directors of Sano Pizza Limited, AB Leisure Limited and Rayton Hospitality.

During the year AB Leisure Limited advanced £13,650 to Sano Pizza Limited. The balance due to AB Leisure Limited at 31 March 2023 was £13,650. This loan is unsecured, interest free and has no fixed repayment terms.

During the year Rayton Leisure advanced £212,550 to Sano Pizza Limited. The balance due to Rayton Leisure at 31 March 2023 was £212,550. This loan is unsecured, interest free and has no fixed repayment terms.


Directors' Loan Account
The company operates a loan account with the directors. During the year the directors advanced £2,825 to the company. At the 31 March 2023 the amount due to the directors was £2,825.

This loan is unsecured, interest free and has no fixed repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sano Pizza Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sano Pizza Limited for the period ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Sano Pizza Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sano Pizza Limited and state those matters that we have agreed to state to the Board of Directors of Sano Pizza Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sano Pizza Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sano Pizza Limited. You consider that Sano Pizza Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Sano Pizza Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


23 November 2023