Company Registration No. 03702918 (England and Wales)
Zaika Restaurant Limited
Unaudited accounts
for the year ended 31 March 2024
Zaika Restaurant Limited
Unaudited accounts
Contents
Zaika Restaurant Limited
Company Information
for the year ended 31 March 2024
Directors
Rahul Khanna
Fatehbir Singh Dhaliwal
Company Number
03702918 (England and Wales)
Registered Office
Zaika Restaurant,
1 Kensington High Street
W8 5NP
Zaika Restaurant Limited
Statement of financial position
as at 31 March 2024
Tangible assets
359,967
400,113
Cash at bank and in hand
211,329
126,338
Creditors: amounts falling due within one year
(439,923)
(565,195)
Net current liabilities
(61,622)
(337,538)
Total assets less current liabilities
298,345
62,575
Creditors: amounts falling due after more than one year
243,405
375,201
Net assets
541,750
437,776
Called up share capital
5,000
5,000
Profit and loss account
536,750
432,776
Shareholders' funds
541,750
437,776
For the year ending 31 March 2024 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 21 October 2024 and were signed on its behalf by
Rahul Khanna
Director
Company Registration No. 03702918
Zaika Restaurant Limited
Notes to the Accounts
for the year ended 31 March 2024
Zaika Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 03702918. The registered office is Zaika Restaurant, , 1 Kensington High Street, W8 5NP .
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.
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.
The accounts have been prepared under the historical cost convention.
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:
Land & buildings
30% on Written down value method
Plant & machinery
25% on Written down value method
Fixtures & fittings
20% on Written down value method
Computer equipment
33.33% on Straight Line Basis
Turnover represents amounts received and receivable for services and goods provided (excluding value added tax and voluntary gratuities left by customers for the benefit of employees).
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Zaika Restaurant Limited
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
1,265,552
45,784
937,943
2,249,279
Additions
-
-
61,046
61,046
At 31 March 2024
1,265,552
45,784
998,989
2,310,325
At 1 April 2023
1,175,954
45,784
627,428
1,849,166
Charge for the year
26,880
-
74,312
101,192
At 31 March 2024
1,202,834
45,784
701,740
1,950,358
At 31 March 2024
62,718
-
297,249
359,967
At 31 March 2023
89,598
-
310,515
400,113
Amounts falling due within one year
Trade debtors
31,271
20,024
Accrued income and prepayments
109,348
55,545
Other debtors
10,800
14,700
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
231,206
339,696
Taxes and social security
22,109
24,189
Other creditors
94,810
107,663
Other Creditors include Net Wages payable at month end.
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Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
(243,405)
(375,201)
See related party disclosure for more details.
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000
5,000
Zaika Restaurant Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
Name of related party Imli Limited
Relationship Group Company
Description of the transaction Loan given. No Interest Charged
Balance at 31-March-2024 £440,326 (£440,587)
Name of related party Indian Cuisine Limited
Relationship Group Company
Description of the transaction Loan Taken. No Interest Charged
Balance at 31-March-2024 £270,125 (£271,137)
Name of related party Tamarind Collection Limited
Relationship Immediate Parent Company
Description of the transaction Loan given. No Interest Charged
Balance at 31-March-2024 £205,000 ( negative £20,000)
Immediate parent company is Tamarind Collection Ltd (CRN 08245498). Ultimate owner and controller of the business is Mr Rahul Khanna.
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Average number of employees
During the year the average number of employees was 51 (2023: 49).