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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
Page
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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
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Zaika Restaurant Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
359,967 
400,113 
Current assets
Inventories
15,553 
11,050 
Debtors
151,419 
90,269 
Cash at bank and in hand
211,329 
126,338 
378,301 
227,657 
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 
Capital and reserves
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
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Zaika Restaurant Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
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:
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
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
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.
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Zaika Restaurant Limited Notes to the Accounts for the year ended 31 March 2024
4
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 
Depreciation
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 
Net book value
At 31 March 2024
62,718 
- 
297,249 
359,967 
At 31 March 2023
89,598 
- 
310,515 
400,113 
5
Debtors
2024 
2023 
£ 
£ 
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 
151,419 
90,269 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
91,798 
93,647 
Trade creditors
231,206 
339,696 
Taxes and social security
22,109 
24,189 
Other creditors
94,810 
107,663 
439,923 
565,195 
Other Creditors include Net Wages payable at month end.
7
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.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000 
5,000 
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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)
10
Controlling party
Immediate parent company is Tamarind Collection Ltd (CRN 08245498). Ultimate owner and controller of the business is Mr Rahul Khanna.
11
Average number of employees
During the year the average number of employees was 51 (2023: 49).
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