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Company Registration No. 08655108 (England and Wales)
R & D 2 Pizza Limited Unaudited accounts for the year ended 31 December 2023
R & D 2 Pizza Limited Unaudited accounts Contents
Page
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R & D 2 Pizza Limited Company Information for the year ended 31 December 2023
Directors
Mr Vipul Sharma Mr Gurjeet Singh Dhillon
Company Number
08655108 (England and Wales)
Registered Office
Unit B Endeavour Park London Road Addington West Malling Kent ME19 5SH England
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R & D 2 Pizza Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
44,400 
103,284 
Tangible assets
601,003 
642,413 
Investments
650,300 
650,300 
1,295,703 
1,395,997 
Current assets
Inventories
95,475 
86,225 
Debtors
3,679,797 
4,669,665 
Cash at bank and in hand
224,608 
87,173 
3,999,880 
4,843,063 
Creditors: amounts falling due within one year
(3,612,623)
(3,299,317)
Net current assets
387,257 
1,543,746 
Total assets less current liabilities
1,682,960 
2,939,743 
Creditors: amounts falling due after more than one year
(1,159,500)
(1,262,500)
Net assets
523,460 
1,677,243 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
523,160 
1,676,943 
Shareholders' funds
523,460 
1,677,243 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by
Mr Gurjeet Singh Dhillon Director Company Registration No. 08655108
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R & D 2 Pizza Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
R & D 2 Pizza Limited is a private company, limited by shares, registered in England and Wales, registration number 08655108. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Over 10 Years Straight line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
593,334 
At 31 December 2023
593,334 
Amortisation
At 1 January 2023
490,050 
Charge for the year
58,884 
At 31 December 2023
548,934 
Net book value
At 31 December 2023
44,400 
At 31 December 2022
103,284 
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R & D 2 Pizza Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
- 
2,050,781 
2,050,781 
Additions
64,650 
- 
64,650 
At 31 December 2023
64,650 
2,050,781 
2,115,431 
Depreciation
At 1 January 2023
- 
1,408,368 
1,408,368 
Charge for the year
9,698 
96,362 
106,060 
At 31 December 2023
9,698 
1,504,730 
1,514,428 
Net book value
At 31 December 2023
54,952 
546,051 
601,003 
At 31 December 2022
- 
642,413 
642,413 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
54,952 
- 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
650,300 
Valuation at 31 December 2023
650,300 
Investment in subsidiaries have been valued at cost less impairment. The company owns 20% or more shares in the following companies: Company Name/% holding/Total capital & reserve/Profit/(Loss) for the year: Topbake Ltd/100%/£2,109,470/£175,505
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
106,102 
117,372 
Amounts due from group undertakings etc.
3,193,197 
4,302,649 
Accrued income and prepayments
93,069 
- 
Other debtors
287,429 
249,644 
3,679,797 
4,669,665 
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R & D 2 Pizza Limited Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
150,000 
150,000 
Obligations under finance leases and hire purchase contracts
12,612 
- 
Trade creditors
711,268 
412,902 
Amounts owed to group undertakings and other participating interests
2,105,932 
1,451,512 
Taxes and social security
138,684 
134,220 
Other creditors
95,841 
853,397 
Loans from directors
398,286 
297,286 
3,612,623 
3,299,317 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,112,500 
1,262,500 
Obligations under finance leases and hire purchase contracts
47,000 
- 
1,159,500 
1,262,500 
The company has fixed and floating secured loan from Santander Bank UK Plc for £ 1,412,500. The loan is repayable over the five year period . The interest rate on the loan is at 3.80% above BOE base rate.
10
Average number of employees
During the year the average number of employees was 208 (2022: 169).
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