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Registered number: 15105432










HECTOR'S PIZZA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
HECTOR'S PIZZA LIMITED
REGISTERED NUMBER: 15105432

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
96,992
94,814

  
96,992
94,814

Current assets
  

Stocks
 5 
9,050
9,436

Debtors: amounts falling due within one year
 6 
23,166
20,554

Cash at bank and in hand
 7 
20,934
5,870

  
53,150
35,860

Creditors: amounts falling due within one year
 8 
(439,017)
(275,550)

Net current liabilities
  
 
 
(385,867)
 
 
(239,690)

Total assets less current liabilities
  
(288,875)
(144,876)

  

Net liabilities
  
(288,875)
(144,876)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(288,975)
(144,976)

  
(288,875)
(144,876)


Page 1

 
HECTOR'S PIZZA LIMITED
REGISTERED NUMBER: 15105432
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
T J Leak
Director

Date: 21 July 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HECTOR'S PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Hector's Pizza Limited is a private company limited by shares, incorporated in England and Wales with the registered number 15105432. The registered office is Mulberry House, Crick Road, Rugby, CV23 8YL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
HECTOR'S PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leashold improvements
-
10%
straight line
Fixtures and fittings
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
Page 4

 
HECTOR'S PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.



3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2024 - 8).


4.


Tangible fixed assets





Leasehold Improvements
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2024
65,556
33,302
98,858


Additions
6,594
6,627
13,221



At 31 March 2025

72,150
39,929
112,079



Depreciation


At 1 April 2024
2,692
1,352
4,044


Charge for the year on owned assets
7,160
3,883
11,043



At 31 March 2025

9,852
5,235
15,087



Net book value



At 31 March 2025
62,298
34,694
96,992



At 31 March 2024
62,864
31,950
94,814

Page 5

 
HECTOR'S PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Stocks

2025
2024
£
£

Food and drink
9,050
9,436



6.


Debtors

2025
2024
£
£


Trade debtors
1,678
10,043

Other debtors
122
1,621

Prepayments and accrued income
21,366
8,890

23,166
20,554



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
20,934
5,870



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
83,526
101,215

Other taxation and social security
5,597
-

Other creditors
333,751
163,155

Accruals and deferred income
16,143
11,180

439,017
275,550


Page 6

 
HECTOR'S PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

Included within other creditors are loans owing to shareholders of £325,000 (2024: £155,000). These loans are interest free and there are no set terms for repayment.
During the period, the Company made sales of £5,763 (2024: £7,119) purchases of £152,570 (2024: £24,010) from companies with a common shareholder and directorship. At 31 March 2025 £54,509 (2024: £19,100) was owed to the Companies and £880 (2024: £Nil) owed by the Companies. 

 
Page 7