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REGISTERED NUMBER: 01876704 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

PIZZA ETCETRA LIMITED

PIZZA ETCETRA LIMITED (REGISTERED NUMBER: 01876704)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIZZA ETCETRA LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: D Patel





REGISTERED OFFICE: Orchard Cottage
47 Dartford Road
Bexley
Kent
DA5 2AR





REGISTERED NUMBER: 01876704 (England and Wales)





ACCOUNTANTS: MENZIES LLP
Lynton House
7-12 Tavistock Square
London
WC1H 9LT

PIZZA ETCETRA LIMITED (REGISTERED NUMBER: 01876704)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,535 40,713
Investments 5 250,090 250,090
280,625 290,803

CURRENT ASSETS
Stocks 6 6,475 5,400
Debtors 7 147,748 129,130
Cash at bank 17,420 83,139
171,643 217,669
CREDITORS
Amounts falling due within one year 8 328,385 385,661
NET CURRENT LIABILITIES (156,742 ) (167,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,883

122,811

CREDITORS
Amounts falling due after more than one
year

9

94,251

161,251
NET ASSETS/(LIABILITIES) 29,632 (38,440 )

CAPITAL AND RESERVES
Called up share capital 340,850 340,850
Retained earnings (311,218 ) (379,290 )
SHAREHOLDERS' FUNDS 29,632 (38,440 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PIZZA ETCETRA LIMITED (REGISTERED NUMBER: 01876704)

Balance Sheet - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were authorised for issue by the director and authorised for issue on 29 February 2024 and were signed by:





D Patel - Director


PIZZA ETCETRA LIMITED (REGISTERED NUMBER: 01876704)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Pizza Etcetra 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.

Going concern
The financial statements have been prepared on a going concern basis, notwithstanding the fact that there is a net current deficit of £156,742 on the balance sheet. The Directors, having made appropriate enquiries, are satisfied that the company will receive continued support from the company's ultimate shareholders and the company will be able to meet its liabilities as they fall due for payment. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contigent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reported period.

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

The company's principal activity during the year was that of a restaurant operator.

Turnover represents net sales of food and beverages. Revenue from restaurant sales is recognised at the point of sale of food and beverages.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the lease term
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

PIZZA ETCETRA LIMITED (REGISTERED NUMBER: 01876704)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Government grants
Coronavirus Job Retention Scheme grants received during the year are included as other income in the financial statements.

Government grants are recognised at the fair value of the asset received when there is reasonable assurance that the grants condition will be met and the grants will be received.

A grant that specifies performance condition is recognised in income when the performance conditions are met. Where a grant does not specify performance condition, it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised 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.

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

Trade and other debtors and creditors are classified as basic financial instruments and measured at 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 will 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 and bank overdrafts which are an integral part of the company's cash management.

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 assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


PIZZA ETCETRA LIMITED (REGISTERED NUMBER: 01876704)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 404,482 372,832 345,692 80,196 1,203,202
DEPRECIATION
At 1 April 2022 404,482 372,832 309,640 75,535 1,162,489
Charge for year - - 9,013 1,165 10,178
At 31 March 2023 404,482 372,832 318,653 76,700 1,172,667
NET BOOK VALUE
At 31 March 2023 - - 27,039 3,496 30,535
At 31 March 2022 - - 36,052 4,661 40,713

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 100 249,990 250,090
NET BOOK VALUE
At 31 March 2023 100 249,990 250,090
At 31 March 2022 100 249,990 250,090

PIZZA ETCETRA LIMITED (REGISTERED NUMBER: 01876704)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. STOCKS
2023 2022
£    £   
Stocks 6,475 5,400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related parties 147,748 114,130
Prepayments - 15,000
147,748 129,130

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 89,068 88,156
Amounts owed to related parties 83,682 83,682
Tax 59,925 42,460
Social security and other taxes 5,418 9,427
VAT 45,846 53,404
Directors' current accounts 39,946 97,332
Accrued expenses 4,500 11,200
328,385 385,661

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 94,251 161,250
Other creditors - 1
94,251 161,251

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 22,068 21,156
Bank loans 67,000 67,000
89,068 88,156

Amounts falling due between one and two years:
Bank loans - 1-2 years 67,000 67,000

PIZZA ETCETRA LIMITED (REGISTERED NUMBER: 01876704)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 27,251 94,250

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at balance sheet date the company owed £39,946 (2022: £97,332) to its director. No interest has been charged during the year (2022: £NIL) on this amount.

12. RELATED PARTY DISCLOSURES

At the year end the company owed £18,463 (2022: £18,463) to a company in which it has effective control. No interest has been charged.


At the year end the company was owed £95,289 (2022: £87,721) by a company under common control. No interest has been charged.

At the year end the company was owed £52.459 (2022: £51,409) by a company in which it has effective control. No interest has been charged.

13. GUARANTEES

The company's bankers hold a composite guarantee from the company in relation to borrowings by the group and its related undertakings.

The company's bankers hold a legal charge and mortgage debenture over the leasehold properties, assets and undertakings of the company.