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REGISTERED NUMBER: 08775885 (England and Wales)






Gianni's Ristorante Limited

Financial Statements

for the Year Ended 30 September 2023






Gianni's Ristorante Limited (Registered number: 08775885)

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gianni's Ristorante Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: Mr M Bernardi



REGISTERED OFFICE: Lower Ground Floor
46 Cheltenham Mount
Harrogate
North Yorkshire
HG1 1DL



REGISTERED NUMBER: 08775885 (England and Wales)



ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX



BANKERS: The Royal Bank of Scotland
7 Cambridge Cresent
Harrogate
HG1 1PH

Gianni's Ristorante Limited (Registered number: 08775885)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,999 10,002
Tangible assets 5 139,921 144,596
141,920 154,598

CURRENT ASSETS
Stocks 66,500 57,000
Debtors 6 161,418 271,400
Cash at bank 17,360 59,107
245,278 387,507
CREDITORS
Amounts falling due within one year 7 179,001 172,679
NET CURRENT ASSETS 66,277 214,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,197

369,426

CREDITORS
Amounts falling due after more than one
year

8

(73,089

)

(92,323

)

PROVISIONS FOR LIABILITIES (3,913 ) (9,146 )
NET ASSETS 131,195 267,957

Gianni's Ristorante Limited (Registered number: 08775885)

Balance Sheet - continued
30 September 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 131,095 267,857
SHAREHOLDERS' FUNDS 131,195 267,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 29 January 2024 and were signed by:





Mr M Bernardi - Director


Gianni's Ristorante Limited (Registered number: 08775885)

Notes to the Financial Statements
for the year ended 30 September 2023


1. STATUTORY INFORMATION

Gianni's Ristorante 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 company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on reducing balance

All fixed assets are initially recorded at cost.

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

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.


Gianni's Ristorante Limited (Registered number: 08775885)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


2. 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 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.

Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2022
and 30 September 2023 80,013
AMORTISATION
At 1 October 2022 70,011
Amortisation for year 8,003
At 30 September 2023 78,014
NET BOOK VALUE
At 30 September 2023 1,999
At 30 September 2022 10,002

Gianni's Ristorante Limited (Registered number: 08775885)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 October 2022 127,207 79,990 5,028 212,225
Additions 30,944 - - 30,944
At 30 September 2023 158,151 79,990 5,028 243,169
DEPRECIATION
At 1 October 2022 62,817 1,666 3,146 67,629
Charge for year 14,748 19,998 873 35,619
At 30 September 2023 77,565 21,664 4,019 103,248
NET BOOK VALUE
At 30 September 2023 80,586 58,326 1,009 139,921
At 30 September 2022 64,390 78,324 1,882 144,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 480 -
Amounts owed by participating interests 122,199 155,433
Directors' current accounts 29,561 68,711
Tax - 34,489
Prepayments and accrued income 9,178 12,767
161,418 271,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 9,487 9,487
Trade creditors 70,576 53,318
PAYE and NIC 15,204 9,618
VAT 54,616 54,270
Other creditors 527 9,160
Accruals and deferred income 17,943 26,178
179,001 172,679

Gianni's Ristorante Limited (Registered number: 08775885)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 20,072 29,819
Hire purchase contracts 53,017 62,504
73,089 92,323

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£ £
Mr M Bernardi
Balance outstanding at start of year 68,711 -
Amounts advanced 36,850 68,711
Amounts repaid (76,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,561 68,711