Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312No description of principal activityfalse2023-01-012falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02573926 2022-12-31 02573926 2023-01-01 2023-12-31 02573926 2021-12-27 2022-12-25 02573926 2023-12-31 02573926 2022-12-25 02573926 c:CompanySecretary1 2023-01-01 2023-12-31 02573926 c:Director1 2023-01-01 2023-12-31 02573926 c:Director2 2023-01-01 2023-12-31 02573926 c:RegisteredOffice 2023-01-01 2023-12-31 02573926 d:Buildings d:LongLeaseholdAssets 2023-12-31 02573926 d:Buildings d:LongLeaseholdAssets 2022-12-25 02573926 d:CurrentFinancialInstruments 2023-12-31 02573926 d:CurrentFinancialInstruments 2022-12-25 02573926 d:Non-currentFinancialInstruments 2023-12-31 02573926 d:Non-currentFinancialInstruments 2022-12-25 02573926 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02573926 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-25 02573926 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02573926 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-25 02573926 d:ShareCapital 2023-12-31 02573926 d:ShareCapital 2022-12-25 02573926 d:RetainedEarningsAccumulatedLosses 2023-12-31 02573926 d:RetainedEarningsAccumulatedLosses 2022-12-25 02573926 c:FRS102 2023-01-01 2023-12-31 02573926 c:Audited 2023-01-01 2023-12-31 02573926 c:FullAccounts 2023-01-01 2023-12-31 02573926 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02573926 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 02573926







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


SURREY PIZZAS LIMITED






































img7824.png                        

 


SURREY PIZZAS LIMITED
 


 
COMPANY INFORMATION


Directors
Mr B Shedden 
Mr J Shedden 




Company secretary
Mrs C Shedden



Registered number
02573926



Registered office
2nd Floor, Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


SURREY PIZZAS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 


SURREY PIZZAS LIMITED
REGISTERED NUMBER:02573926



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December 2023
25 December 2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
676,618
676,618

  
676,618
676,618

  

Creditors: amounts falling due within one year
 5 
(464,435)
(421,436)

Net current liabilities
  
 
 
(464,435)
 
 
(421,436)

Total assets less current liabilities
  
212,183
255,182

Creditors: amounts falling due after more than one year
 6 
(294,550)
(312,407)

  

Net liabilities
  
(82,367)
(57,225)


Capital and reserves
  

Called up share capital 
  
12,577
12,577

Profit and loss account
  
(94,944)
(69,802)

  
(82,367)
(57,225)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr B Shedden
Director

Date: 22 August 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


SURREY PIZZAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Surrey Pizzas Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The principle place of business is Unit 5, The Forum, Hanworth Lane, Chertsey, Surrey, KT16 9JX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling GBP which is the functional currency of the company and
rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company had a deficit of net liabilities of £82,367 (2022: £57,225). The company has the ongoing support of its parent company which enables the company to meet creditors as they fall due. Accordingly, the financial statements have been prepared on a going concern basis.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The depreciable value of the long leasehold property is £nil because the estimated amount that the entity would expect to obtain from the disposal of the asset, if the property were already of the age and in the condition expected at the end of its useful economic life, is in excess of the current carrying value. As such no depreciation charge is included within the financial statements.


 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 2

 


SURREY PIZZAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Long-term leasehold property

£



Cost or valuation


At 26 December 2022
676,618



At 31 December 2023

676,618






Net book value



At 31 December 2023
676,618



At 31 December 2022
676,618

The leasehold property owned by the Company has been measured at cost. The directors' are confident that the market value is at least equal to the amount recognised as the cost of the property. The property qualifies as PPE as it is being used by a fellow subsidiary to carry on its business being the operation of a fast food restaurant. Under the terms of the Composite Company Unlimited Unilateral Guarantee held by HSBC Bank plc, this property forms part of the security pledged to guarantee loans from the aforementioned bank in the parent and fellow subsidiary companies.


5.


Creditors: Amounts falling due within one year

31 December 2023
25 December 2022
£
£

Bank loans
28,938
28,196

Amounts owed to group undertakings
435,497
393,240

464,435
421,436


Page 3

 


SURREY PIZZAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due after more than one year

31 December 2023
25 December 2022
£
£

Bank loans
294,550
312,407

294,550
312,407


HSBC Bank plc hold a legal mortgage over the property owned by this company plus a fixed and floating charge over all assets for any money and liabilities incurred whether now or in the future due, or becoming due from this company to the bank.
Included above within bank loans is an amount of £170,982 (2022 - £195,386) in respect of liabilities payable or repayable by installments which fall due for payment after more than five years from the reporting date. The loan repayable after more than 5 years by installments is set at an interest rate of 2.5% per annum over the Bank's Sterling Base Rate currently set at 5.25%.


7.


Guarantees

There is in place a Composite Company Unlimited Unilateral Guarantee in place, dated 7 February 2012, given to HSBC plc by this company, Full House Restaurants Holdings Limited, Full House Restaurants Limited, House Special Limited, Classic Crust Limited, The Woodpecker Inn Limited, Sunmead Limited, JJE Enterprises Limited and Sherston Limited.


8.


Parent company

Full House Restaurants Holdings Limited, a Company incorporated in the United Kingdom, is the parent Company of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The Company's registered office is 2nd Floor, Magna House, 18-32 London Road, Staines-upon-Thames, Surrey, TW18 4BP.


9.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 22 August 2024 by Andrew Cook FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 4