2023-03-012024-02-292024-02-29false10642227PANZINI RESTAURANTS LIMITED2025-02-2656290falseiso4217:GBPxbrli:pure106422272023-03-01106422272024-02-29106422272023-03-012024-02-29106422272022-03-01106422272023-02-28106422272022-03-012023-02-2810642227bus:SmallEntities2023-03-012024-02-2910642227bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2910642227bus:FullAccounts2023-03-012024-02-2910642227bus:PrivateLimitedCompanyLtd2023-03-012024-02-2910642227core:WithinOneYear2024-02-2910642227core:AfterOneYear2024-02-2910642227core:WithinOneYear2023-02-2810642227core:AfterOneYear2023-02-2810642227core:ShareCapital2024-02-2910642227core:SharePremium2024-02-2910642227core:RevaluationReserve2024-02-2910642227core:OtherReservesSubtotal2024-02-2910642227core:RetainedEarningsAccumulatedLosses2024-02-2910642227core:ShareCapital2023-02-2810642227core:SharePremium2023-02-2810642227core:RevaluationReserve2023-02-2810642227core:OtherReservesSubtotal2023-02-2810642227core:RetainedEarningsAccumulatedLosses2023-02-2810642227core:LandBuildings2024-02-2910642227core:PlantMachinery2024-02-2910642227core:Vehicles2024-02-2910642227core:FurnitureFittings2024-02-2910642227core:OfficeEquipment2024-02-2910642227core:NetGoodwill2024-02-2910642227core:IntangibleAssetsOtherThanGoodwill2024-02-2910642227core:ListedExchangeTraded2024-02-2910642227core:UnlistedNon-exchangeTraded2024-02-2910642227core:LandBuildings2023-02-2810642227core:PlantMachinery2023-02-2810642227core:Vehicles2023-02-2810642227core:FurnitureFittings2023-02-2810642227core:OfficeEquipment2023-02-2810642227core:NetGoodwill2023-02-2810642227core:IntangibleAssetsOtherThanGoodwill2023-02-2810642227core:ListedExchangeTraded2023-02-2810642227core:UnlistedNon-exchangeTraded2023-02-2810642227core:LandBuildings2023-03-012024-02-2910642227core:PlantMachinery2023-03-012024-02-2910642227core:Vehicles2023-03-012024-02-2910642227core:FurnitureFittings2023-03-012024-02-2910642227core:OfficeEquipment2023-03-012024-02-2910642227core:NetGoodwill2023-03-012024-02-2910642227core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910642227core:ListedExchangeTraded2023-03-012024-02-2910642227core:UnlistedNon-exchangeTraded2023-03-012024-02-2910642227core:MoreThanFiveYears2023-03-012024-02-2910642227core:Non-currentFinancialInstruments2024-02-2910642227core:Non-currentFinancialInstruments2023-02-2810642227dpl:CostSales2023-03-012024-02-2910642227dpl:DistributionCosts2023-03-012024-02-2910642227core:LandBuildings2023-03-012024-02-2910642227core:PlantMachinery2023-03-012024-02-2910642227core:Vehicles2023-03-012024-02-2910642227core:FurnitureFittings2023-03-012024-02-2910642227core:OfficeEquipment2023-03-012024-02-2910642227dpl:AdministrativeExpenses2023-03-012024-02-2910642227core:NetGoodwill2023-03-012024-02-2910642227core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910642227dpl:GroupUndertakings2023-03-012024-02-2910642227dpl:ParticipatingInterests2023-03-012024-02-2910642227dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2910642227core:ListedExchangeTraded2023-03-012024-02-2910642227dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2910642227core:UnlistedNon-exchangeTraded2023-03-012024-02-2910642227dpl:CostSales2022-03-012023-02-2810642227dpl:DistributionCosts2022-03-012023-02-2810642227core:LandBuildings2022-03-012023-02-2810642227core:PlantMachinery2022-03-012023-02-2810642227core:Vehicles2022-03-012023-02-2810642227core:FurnitureFittings2022-03-012023-02-2810642227core:OfficeEquipment2022-03-012023-02-2810642227dpl:AdministrativeExpenses2022-03-012023-02-2810642227core:NetGoodwill2022-03-012023-02-2810642227core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810642227dpl:GroupUndertakings2022-03-012023-02-2810642227dpl:ParticipatingInterests2022-03-012023-02-2810642227dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2810642227core:ListedExchangeTraded2022-03-012023-02-2810642227dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2810642227core:UnlistedNon-exchangeTraded2022-03-012023-02-2810642227core:NetGoodwill2024-02-2910642227core:IntangibleAssetsOtherThanGoodwill2024-02-2910642227core:LandBuildings2024-02-2910642227core:PlantMachinery2024-02-2910642227core:Vehicles2024-02-2910642227core:FurnitureFittings2024-02-2910642227core:OfficeEquipment2024-02-2910642227core:AfterOneYear2024-02-2910642227core:WithinOneYear2024-02-2910642227core:ListedExchangeTraded2024-02-2910642227core:UnlistedNon-exchangeTraded2024-02-2910642227core:ShareCapital2024-02-2910642227core:SharePremium2024-02-2910642227core:RevaluationReserve2024-02-2910642227core:OtherReservesSubtotal2024-02-2910642227core:RetainedEarningsAccumulatedLosses2024-02-2910642227core:NetGoodwill2023-02-2810642227core:IntangibleAssetsOtherThanGoodwill2023-02-2810642227core:LandBuildings2023-02-2810642227core:PlantMachinery2023-02-2810642227core:Vehicles2023-02-2810642227core:FurnitureFittings2023-02-2810642227core:OfficeEquipment2023-02-2810642227core:AfterOneYear2023-02-2810642227core:WithinOneYear2023-02-2810642227core:ListedExchangeTraded2023-02-2810642227core:UnlistedNon-exchangeTraded2023-02-2810642227core:ShareCapital2023-02-2810642227core:SharePremium2023-02-2810642227core:RevaluationReserve2023-02-2810642227core:OtherReservesSubtotal2023-02-2810642227core:RetainedEarningsAccumulatedLosses2023-02-2810642227core:NetGoodwill2022-03-0110642227core:IntangibleAssetsOtherThanGoodwill2022-03-0110642227core:LandBuildings2022-03-0110642227core:PlantMachinery2022-03-0110642227core:Vehicles2022-03-0110642227core:FurnitureFittings2022-03-0110642227core:OfficeEquipment2022-03-0110642227core:AfterOneYear2022-03-0110642227core:WithinOneYear2022-03-0110642227core:ListedExchangeTraded2022-03-0110642227core:UnlistedNon-exchangeTraded2022-03-0110642227core:ShareCapital2022-03-0110642227core:SharePremium2022-03-0110642227core:RevaluationReserve2022-03-0110642227core:OtherReservesSubtotal2022-03-0110642227core:RetainedEarningsAccumulatedLosses2022-03-0110642227core:AfterOneYear2023-03-012024-02-2910642227core:WithinOneYear2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2910642227core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2910642227core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2910642227core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2910642227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2910642227core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2910642227core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2910642227core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2910642227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2910642227core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2910642227core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2810642227core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2810642227core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2810642227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2810642227core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2810642227core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2810642227core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2810642227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2810642227core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2810642227bus:Director12023-03-012024-02-2910642227bus:Director22023-03-012024-02-2910642227core:FurnitureFittingsToolsEquipment2023-03-012024-02-2910642227core:FurnitureFittingsToolsEquipment2024-02-2910642227core:FurnitureFittingsToolsEquipment2023-02-28

PANZINI RESTAURANTS LIMITED

Registered Number
10642227
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

PANZINI RESTAURANTS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

ZEOLLA, Antonio
ZEOLLA, Gianluca Franco

Registered Address

Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

Registered Number

10642227 (England and Wales)
PANZINI RESTAURANTS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets320,912-
Tangible assets415,501-
36,413-
Current assets
Stocks51,000-
Debtors9,0001,836
Cash at bank and on hand3,2661,020
13,2662,856
Creditors amounts falling due within one year6(142,210)(31,813)
Net current assets (liabilities)(128,944)(28,957)
Total assets less current liabilities(92,531)(28,957)
Creditors amounts falling due after one year7(2,299)-
Net assets(94,830)(28,957)
Capital and reserves
Called up share capital22
Profit and loss account(94,832)(28,959)
Shareholders' funds(94,830)(28,957)
The financial statements were approved and authorised for issue by the Board of Directors on 26 February 2025, and are signed on its behalf by:
ZEOLLA, Gianluca Franco
Director
Registered Company No. 10642227
PANZINI RESTAURANTS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
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.
Statement of compliance
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.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment3
Finance leases and hire purchase contracts
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.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year42
3.Intangible assets

Other

Total

££
Cost or valuation
Additions21,91821,918
At 29 February 2421,91821,918
Amortisation and impairment
Charge for year1,0061,006
At 29 February 241,0061,006
Net book value
At 29 February 2420,91220,912
At 28 February 23--
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
Additions16,9161,82418,740
At 29 February 2416,9161,82418,740
Depreciation and impairment
Charge for year2,9792603,239
At 29 February 242,9792603,239
Net book value
At 29 February 2413,9371,56415,501
At 28 February 23---
5.Stocks

2024

2023

££
Raw materials and consumables1,000-
Total1,000-
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,384420
Taxation and social security2,618-
Finance lease and HP contracts788-
Other creditors129,37131,043
Accrued liabilities and deferred income1,049350
Total142,21031,813
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.
7.Creditors: amounts due after one year

2024

2023

££
Other creditors2,299-
Total2,299-