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REGISTERED NUMBER: 08886854 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2023




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 2023







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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 405,750 443,363

CURRENT ASSETS
Stocks 5 51,598 55,744
Debtors 6 256,699 265,459
Cash at bank and in hand 332,006 214,201
640,303 535,404
CREDITORS
Amounts falling due within one year 7 1,048,848 921,031
NET CURRENT LIABILITIES (408,545 ) (385,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,795

)

57,736

CREDITORS
Amounts falling due after more than
one year

8

(539,143

)

(620,313

)

PROVISIONS FOR LIABILITIES 10 (31,486 ) (33,641 )
NET LIABILITIES (573,424 ) (596,218 )

CAPITAL AND RESERVES
Called up share capital 11 560 560
Share premium 549,450 549,450
Retained earnings (1,123,434 ) (1,146,228 )
SHAREHOLDERS' FUNDS (573,424 ) (596,218 )

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.

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2024 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 2023

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.

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 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 prior year. These have been recognised as Other Operating Income when received.

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.


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

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.

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.

Going concern
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.

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 135 (2022 - 130 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2022 18,563 489,283 175,209
Additions - - 23,130
At 31 March 2023 18,563 489,283 198,339
DEPRECIATION
At 1 April 2022 6,771 163,685 133,167
Charge for year 1,236 32,160 13,535
At 31 March 2023 8,007 195,845 146,702
NET BOOK VALUE
At 31 March 2023 10,556 293,438 51,637
At 31 March 2022 11,792 325,598 42,042

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 209,231 35,980 928,266
Additions 1,570 754 25,454
At 31 March 2023 210,801 36,734 953,720
DEPRECIATION
At 1 April 2022 156,081 25,199 484,903
Charge for year 13,388 2,748 63,067
At 31 March 2023 169,469 27,947 547,970
NET BOOK VALUE
At 31 March 2023 41,332 8,787 405,750
At 31 March 2022 53,150 10,781 443,363

5. STOCKS
2023 2022
£    £   
Stocks 51,598 55,744

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,031 44,560
Other debtors 186,087 187,066
Prepayments and accrued income 42,581 33,833
256,699 265,459

Other debtors at 31 March 2023 include £71,629 (2022 - £63,125) which is due after more than one year.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,098 10,000
Trade creditors 238,507 222,875
Corporation tax 50,841 32,063
Social security and other taxes 116,542 130,033
VAT 190,251 139,710
Other creditors 117,901 98,324
Accruals and deferred income 324,708 288,026
1,048,848 921,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,500 22,500
Other creditors 19,562 19,562
Directors' loan accounts 497,081 568,251
539,143 620,313

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 271,640 226,100
Between one and five years 272,000 198,500
In more than five years 212,500 165,000
756,140 589,600

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 31,866 34,011
Other timing differences (380 ) (370 )
31,486 33,641

Deferred
tax
£   
Balance at 1 April 2022 33,641
Credit to Income Statement during year (2,155 )
Balance at 31 March 2023 31,486

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
560,000 Ordinary £0.00 1 560 560

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 March 2023 the company owed the director J E Savage a total of £497,081 (2022 - £568,251) in respect of monies advanced and repaid during the year.

13. RELATED PARTY DISCLOSURES

At 31 March 2023, the company was owed £42,340 (2022 - £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. This balance is disclosed within other debtors.

In addition, at 31 March 2023 the company was owed £20,239 (2022 - £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 (2022 - £12,000) by The Eastfield Pub Ltd during the year. At 31 March 2023, the company owed £28,800 (2022 - £Nil) to The Eastfield Pub Ltd. This balance is disclosed within trade creditors.

14. ULTIMATE CONTROLLING PARTY

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