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Company No: 13867484 (England and Wales)

PICADILLO RESTAURANT LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

PICADILLO RESTAURANT LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

PICADILLO RESTAURANT LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
PICADILLO RESTAURANT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR D L Zaum
REGISTERED OFFICE 1st Floor 49 St James's Street
London
SW1A 1JT
United Kingdom
COMPANY NUMBER 13867484 (England and Wales)
PICADILLO RESTAURANT LIMITED

BALANCE SHEET

As at 31 March 2024
PICADILLO RESTAURANT LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Current assets
Debtors 3 315,094 268,847
Cash at bank and in hand 395,037 7,281
710,131 276,128
Creditors: amounts falling due within one year 4 ( 731,278) ( 288,361)
Net current liabilities (21,147) (12,233)
Total assets less current liabilities (21,147) (12,233)
Net liabilities ( 21,147) ( 12,233)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 21,148 ) ( 12,234 )
Total shareholders' deficit ( 21,147) ( 12,233)

For the financial 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.

Director's responsibilities:

The financial statements of Picadillo Restaurant Limited (registered number: 13867484) were approved and authorised for issue by the Director on 29 November 2024. They were signed on its behalf by:

D L Zaum
Director
PICADILLO RESTAURANT LIMITED

STATEMENT OF CHANGES IN EQUITY

For the financial year ended 31 March 2024
PICADILLO RESTAURANT LIMITED

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 31 March 2024
Called-up share capital Profit and loss account Total
£ £ £
At 24 January 2022 0 0 0
Loss for the financial period 0 ( 12,234) ( 12,234)
Total comprehensive loss 0 ( 12,234) ( 12,234)
Issue of share capital 1 0 1
At 31 March 2023 1 ( 12,234) ( 12,233)
At 01 April 2023 1 ( 12,234) ( 12,233)
Loss for the financial year 0 ( 8,914) ( 8,914)
Total comprehensive loss 0 ( 8,914) ( 8,914)
At 31 March 2024 1 ( 21,148) ( 21,147)
PICADILLO RESTAURANT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
PICADILLO RESTAURANT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Picadillo Restaurant Limited (formerly 161 Piccadilly Limited) (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.
The address of the Company's registered office is:
1st Floor 49 St James's Street
London
SW1A 1JT
England
United Kingdom

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.

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The shareholder has confirmed they will support the company for the next 12 months from the date of approval of the financial statements.

Turnover

Turnover comprises the fair value of the rents, service charge and insurance income receivable. Turnover is brought into account on an accruals basis and matched to the days of the period.

Leases

The company as lessee
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the term of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Ordinary share capital

Ordinary shares are classified as equity.

2. Employees

Year ended
31.03.2024
Period from
24.01.2022 to
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year. 0 0

3. Debtors

31.03.2024 31.03.2023
£ £
Other debtors 315,094 268,847

4. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Trade creditors 390,900 1,500
Amounts owed to group undertakings 23,735 16,015
Other creditors 316,643 270,846
731,278 288,361

5. Financial commitments

Commitments

The total of future minimum lease payments is £38,348,000 (2023 - £33,283,000)