2023-01-012023-12-312023-12-31false04944616PIZZA ANGEL LTD2024-09-24iso4217:GBPxbrli:pure049446162023-01-01049446162023-12-31049446162023-01-012023-12-31049446162022-01-01049446162022-12-31049446162022-01-012022-12-3104944616bus:SmallEntities2023-01-012023-12-3104944616bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3104944616bus:FullAccounts2023-01-012023-12-3104944616bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104944616core:WithinOneYear2023-12-3104944616core:AfterOneYear2023-12-3104944616core:WithinOneYear2022-12-3104944616core:AfterOneYear2022-12-3104944616core:ShareCapital2023-12-3104944616core:SharePremium2023-12-3104944616core:RevaluationReserve2023-12-3104944616core:OtherReservesSubtotal2023-12-3104944616core:RetainedEarningsAccumulatedLosses2023-12-3104944616core:ShareCapital2022-12-3104944616core:SharePremium2022-12-3104944616core:RevaluationReserve2022-12-3104944616core:OtherReservesSubtotal2022-12-3104944616core:RetainedEarningsAccumulatedLosses2022-12-3104944616core:LandBuildings2023-12-3104944616core:PlantMachinery2023-12-3104944616core:Vehicles2023-12-3104944616core:FurnitureFittings2023-12-3104944616core:OfficeEquipment2023-12-3104944616core:NetGoodwill2023-12-3104944616core:IntangibleAssetsOtherThanGoodwill2023-12-3104944616core:ListedExchangeTraded2023-12-3104944616core:UnlistedNon-exchangeTraded2023-12-3104944616core:LandBuildings2022-12-3104944616core:PlantMachinery2022-12-3104944616core:Vehicles2022-12-3104944616core:FurnitureFittings2022-12-3104944616core:OfficeEquipment2022-12-3104944616core:NetGoodwill2022-12-3104944616core:IntangibleAssetsOtherThanGoodwill2022-12-3104944616core:ListedExchangeTraded2022-12-3104944616core:UnlistedNon-exchangeTraded2022-12-3104944616core:LandBuildings2023-01-012023-12-3104944616core:PlantMachinery2023-01-012023-12-3104944616core:Vehicles2023-01-012023-12-3104944616core:FurnitureFittings2023-01-012023-12-3104944616core:OfficeEquipment2023-01-012023-12-3104944616core:NetGoodwill2023-01-012023-12-3104944616core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104944616core:ListedExchangeTraded2023-01-012023-12-3104944616core:UnlistedNon-exchangeTraded2023-01-012023-12-3104944616core:MoreThanFiveYears2023-01-012023-12-3104944616core:Non-currentFinancialInstruments2023-12-3104944616core:Non-currentFinancialInstruments2022-12-3104944616dpl:CostSales2023-01-012023-12-3104944616dpl:DistributionCosts2023-01-012023-12-3104944616core:LandBuildings2023-01-012023-12-3104944616core:PlantMachinery2023-01-012023-12-3104944616core:Vehicles2023-01-012023-12-3104944616core:FurnitureFittings2023-01-012023-12-3104944616core:OfficeEquipment2023-01-012023-12-3104944616dpl:AdministrativeExpenses2023-01-012023-12-3104944616core:NetGoodwill2023-01-012023-12-3104944616core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104944616dpl:GroupUndertakings2023-01-012023-12-3104944616dpl:ParticipatingInterests2023-01-012023-12-3104944616dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3104944616core:ListedExchangeTraded2023-01-012023-12-3104944616dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3104944616core:UnlistedNon-exchangeTraded2023-01-012023-12-3104944616dpl:CostSales2022-01-012022-12-3104944616dpl:DistributionCosts2022-01-012022-12-3104944616core:LandBuildings2022-01-012022-12-3104944616core:PlantMachinery2022-01-012022-12-3104944616core:Vehicles2022-01-012022-12-3104944616core:FurnitureFittings2022-01-012022-12-3104944616core:OfficeEquipment2022-01-012022-12-3104944616dpl:AdministrativeExpenses2022-01-012022-12-3104944616core:NetGoodwill2022-01-012022-12-3104944616core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104944616dpl:GroupUndertakings2022-01-012022-12-3104944616dpl:ParticipatingInterests2022-01-012022-12-3104944616dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104944616core:ListedExchangeTraded2022-01-012022-12-3104944616dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104944616core:UnlistedNon-exchangeTraded2022-01-012022-12-3104944616core:NetGoodwill2023-12-3104944616core:IntangibleAssetsOtherThanGoodwill2023-12-3104944616core:LandBuildings2023-12-3104944616core:PlantMachinery2023-12-3104944616core:Vehicles2023-12-3104944616core:FurnitureFittings2023-12-3104944616core:OfficeEquipment2023-12-3104944616core:AfterOneYear2023-12-3104944616core:WithinOneYear2023-12-3104944616core:ListedExchangeTraded2023-12-3104944616core:UnlistedNon-exchangeTraded2023-12-3104944616core:ShareCapital2023-12-3104944616core:SharePremium2023-12-3104944616core:RevaluationReserve2023-12-3104944616core:OtherReservesSubtotal2023-12-3104944616core:RetainedEarningsAccumulatedLosses2023-12-3104944616core:NetGoodwill2022-12-3104944616core:IntangibleAssetsOtherThanGoodwill2022-12-3104944616core:LandBuildings2022-12-3104944616core:PlantMachinery2022-12-3104944616core:Vehicles2022-12-3104944616core:FurnitureFittings2022-12-3104944616core:OfficeEquipment2022-12-3104944616core:AfterOneYear2022-12-3104944616core:WithinOneYear2022-12-3104944616core:ListedExchange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PIZZA ANGEL LTD

Registered Number
04944616
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PIZZA ANGEL LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

ZARINABAD, Amir

Company Secretary

PURUSHOTHAMAN, Ravi

Registered Address

598 Holloway Road
London
N19 3PH

Registered Number

04944616 (England and Wales)
PIZZA ANGEL LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets66,7558,914
Tangible assets71,087,9581,161,527
1,094,7131,170,441
Current assets
Stocks813,71418,161
Debtors9986,098983,598
Cash at bank and on hand408,984763,746
1,408,7961,765,505
Creditors amounts falling due within one year10(2,376,883)(2,264,788)
Net current assets (liabilities)(968,087)(499,283)
Total assets less current liabilities126,626671,158
Creditors amounts falling due after one year11(492,917)(626,099)
Net assets(366,291)45,059
Capital and reserves
Called up share capital100100
Profit and loss account(366,391)44,959
Shareholders' funds(366,291)45,059
The financial statements were approved and authorised for issue by the Director on 24 September 2024, and are signed on its behalf by:
ZARINABAD, Amir
Director
Registered Company No. 04944616
PIZZA ANGEL LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity during the year continued to be that of Domino's Pizza Franchises.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Intangible assets policy
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year5961
6.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23322,288322,288
At 31 December 23322,288322,288
Amortisation and impairment
At 01 January 23313,374313,374
Charge for year2,1592,159
At 31 December 23315,533315,533
Net book value
At 31 December 236,7556,755
At 31 December 228,9148,914
7.Property, plant and equipment

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 23985,353126,953922,627-2,034,933
Additions--1,6948,80610,500
Transfers-(2,033)--(2,033)
At 31 December 23985,353124,920924,3218,8062,043,400
Depreciation and impairment
At 01 January 23122,95398,332652,121-873,406
Charge for year33,2126,64740,8301,34782,036
At 31 December 23156,165104,979692,9511,347955,442
Net book value
At 31 December 23829,18819,941231,3707,4591,087,958
At 31 December 22862,40028,621270,506-1,161,527
8.Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2023

2022

££
Other stocks13,71418,161
Total13,71418,161
9.Debtors

2023

2022

££
Other debtors978,648967,367
Prepayments and accrued income7,45016,231
Total986,098983,598
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables39,9718,674
Bank borrowings and overdrafts98,67046,466
Taxation and social security127,651122,031
Other creditors2,110,5912,018,045
Accrued liabilities and deferred income-69,572
Total2,376,8832,264,788
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts492,917626,099
Total492,917626,099
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method
12.Finance lease and HP contracts after one year
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
13.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.