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Registration number: 10936311

Pasta Ripiena Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

Pages for filing with Registrar

 

Pasta Ripiena Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Pasta Ripiena Limited

Company Information

Directors

B M Harvey

D C Borel

Mrs J H Harvey

Registered office

Mill Cottage
Mina Road
Bristol
BS2 9YN

Registered number

10936311

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Pasta Ripiena Limited

(Registration number: 10936311)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,852

11,227

Current assets

 

Stocks

4,405

4,654

Debtors

5

161,721

87,137

Cash at bank and in hand

 

1,363

5,712

 

167,489

97,503

Creditors: Amounts falling due within one year

6

(101,645)

(74,919)

Net current assets

 

65,844

22,584

Total assets less current liabilities

 

76,696

33,811

Creditors: Amounts falling due after more than one year

6

(66,701)

(25,845)

Net assets

 

9,995

7,966

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

9,895

7,866

Total equity

 

9,995

7,966

 

Pasta Ripiena Limited

(Registration number: 10936311)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 29 October 2024 and signed on its behalf by:
 

.........................................

D C Borel
Director

 

Pasta Ripiena Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mill Cottage
Mina Road
Bristol
BS2 9YN

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the forecasted cashflows for the company for the twelve months from the date of approval of these financial statements and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The company's revenue is comprised of food and bevarage sales at a restaurant.

 

Pasta Ripiena Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Government grants

Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Short leasehold improvements

25% Straight line

Kitchen Equipment

25% Straight line

Office equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method, and where applicable includes those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are recognised at the transaction price.

 

Pasta Ripiena Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 13).

 

Pasta Ripiena Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible fixed assets

Short leasehold improvements
£

Kitchen Equipment
£

Office equipment
£

Total
£

Cost

At 1 February 2023

56,741

13,742

632

71,115

Additions

-

2,992

-

2,992

At 31 January 2024

56,741

16,734

632

74,107

Depreciation

At 1 February 2023

47,795

11,962

131

59,888

Charge for the year

2,237

975

155

3,367

At 31 January 2024

50,032

12,937

286

63,255

Carrying amount

At 31 January 2024

6,709

3,797

346

10,852

At 31 January 2023

8,946

1,780

501

11,227

5

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

494

494

Other debtors

126,529

-

Other debtors

17,779

77,597

Prepayments

16,919

9,046

161,721

87,137

 

Pasta Ripiena Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

2024
£

2023
£

Amounts falling due within one year

Bank loans and overdrafts

11,000

11,000

Trade creditors

9,818

20,067

Taxation and social security

27,212

18,292

Other creditors

42,916

4,159

Accruals

3,195

2,100

Directors' loan accounts

7,344

19,301

Corporation tax

160

-

101,645

74,919

2024
£

2023
£

Due after one year

Bank loans and overdrafts

66,701

25,845

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

 

Pasta Ripiena Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

24,700

24,700

Later than one year and not later than five years

57,196

81,865

81,896

106,565

The amount of non-cancellable operating lease payments recognised as an expense during the year was £24,700 (2023 - £24,700).

9

Related party transactions

Advances to related parties

2024

Other related parties
£

At start of period

60,143

Advanced

123,839

Repaid

(57,453)

At end of period

126,529

2023

Other related parties
£

At start of period

99,905

Advanced

60,143

Repaid

(99,905)

At end of period

60,143