Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr V Piscopo Mrs A M Piscopo Mrs A Piscopo 15 April 2025 The principal activity of the Company during the financial year was that of a restaurant. 04134447 2024-07-31 04134447 2023-07-31 04134447 core:CurrentFinancialInstruments 2024-07-31 04134447 core:CurrentFinancialInstruments 2023-07-31 04134447 core:Non-currentFinancialInstruments 2024-07-31 04134447 core:Non-currentFinancialInstruments 2023-07-31 04134447 core:ShareCapital 2024-07-31 04134447 core:ShareCapital 2023-07-31 04134447 core:RetainedEarningsAccumulatedLosses 2024-07-31 04134447 core:RetainedEarningsAccumulatedLosses 2023-07-31 04134447 core:LandBuildings 2023-07-31 04134447 core:OtherPropertyPlantEquipment 2023-07-31 04134447 core:LandBuildings 2024-07-31 04134447 core:OtherPropertyPlantEquipment 2024-07-31 04134447 core:ImmediateParent core:CurrentFinancialInstruments 2024-07-31 04134447 core:ImmediateParent core:CurrentFinancialInstruments 2023-07-31 04134447 2023-08-01 2024-07-31 04134447 bus:FilletedAccounts 2023-08-01 2024-07-31 04134447 bus:SmallEntities 2023-08-01 2024-07-31 04134447 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04134447 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04134447 bus:Director1 2023-08-01 2024-07-31 04134447 bus:Director2 2023-08-01 2024-07-31 04134447 bus:Director3 2023-08-01 2024-07-31 04134447 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 04134447 2022-08-01 2023-07-31 04134447 core:LandBuildings 2023-08-01 2024-07-31 04134447 core:Non-currentFinancialInstruments 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Company No: 04134447 (England and Wales)

ENZO RISTORANTE LIMITED

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

ENZO RISTORANTE LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

ENZO RISTORANTE LIMITED

BALANCE SHEET

As at 31 July 2024
ENZO RISTORANTE LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 951,029 806,536
951,029 806,536
Current assets
Stocks 4 17,500 17,500
Debtors 5 2,722 5,225
Cash at bank and in hand 140,436 261,636
160,658 284,361
Creditors: amounts falling due within one year 6 ( 895,009) ( 929,795)
Net current liabilities (734,351) (645,434)
Total assets less current liabilities 216,678 161,102
Creditors: amounts falling due after more than one year 7 ( 132,111) ( 138,891)
Provision for liabilities ( 13,316) ( 16,658)
Net assets 71,251 5,553
Capital and reserves
Called-up share capital 7 7
Profit and loss account 71,244 5,546
Total shareholders' funds 71,251 5,553

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Enzo Ristorante Limited (registered number: 04134447) were approved and authorised for issue by the Board of Directors on 15 April 2025. They were signed on its behalf by:

Mr V Piscopo
Director
ENZO RISTORANTE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
ENZO RISTORANTE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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 year, unless otherwise stated.

General information and basis of accounting

Enzo Ristorante 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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and is calculated using the FIFO (first-in, first-out) method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 August 2023 745,646 281,602 1,027,248
Additions 140,888 24,626 165,514
Disposals 0 ( 14,214) ( 14,214)
At 31 July 2024 886,534 292,014 1,178,548
Accumulated depreciation
At 01 August 2023 0 220,712 220,712
Charge for the financial year 0 18,036 18,036
Disposals 0 ( 11,229) ( 11,229)
At 31 July 2024 0 227,519 227,519
Net book value
At 31 July 2024 886,534 64,495 951,029
At 31 July 2023 745,646 60,890 806,536

4. Stocks

2024 2023
£ £
Stocks 17,500 17,500

5. Debtors

2024 2023
£ £
Other debtors 2,722 5,225

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 14,542 22,000
Trade creditors 28,505 21,018
Amounts owed to Parent undertakings 640,710 717,497
Taxation and social security 89,378 88,935
Other creditors 121,874 80,345
895,009 929,795

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 132,111 138,891

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with the entity's directors

During the year the director maintained an interest free loan account with the company, which is repayable on demand. At the balance sheet date, the amount due to the director was £108,785 (2023 - £77,084).