La Storia Limited Filleted Accounts Cover
La Storia Limited
Company No. 09875801
Information for Filing with The Registrar
31 December 2024
La Storia Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the year under review was operating a restaurant.
Director
The Director who served at any time during the year was as follows:
Anton Sarricchio
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Anton Sarricchio
Director
09 July 2025
La Storia Limited Balance Sheet Registrar
at
31 December 2024
Company No.
09875801
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
9,00024,000
Tangible assets
5
69,74472,306
78,74496,306
Current assets
Stocks
6
1,5001,500
Debtors
7
34,19918,717
Investments
8
169,49161,671
Cash at bank and in hand
113,814110,602
319,004192,490
Creditors: Amount falling due within one year
9
(160,931)
(130,277)
Net current assets
158,07362,213
Total assets less current liabilities
236,817158,519
Creditors: Amounts falling due after more than one year
10
(2,029)
(6,011)
Provisions for liabilities
Deferred taxation
(16,700)
(17,300)
Net assets
218,088135,208
Capital and reserves
Called up share capital
100100
Profit and loss account
12
217,988135,108
Total equity
218,088135,208
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 09 July 2025 and signed on its behalf by:
Anton Sarricchio
Director
09 July 2025
La Storia Limited Notes to the Accounts Registrar
for the year ended 31 December 2024
1
General information
La Storia Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09875801
Its registered office is:
Its trading address is:
16 Horsley Lane
12 Musters Road
Gedling
West Bridgford
Nottingham
Nottingham
NG4 4LP
NG2 7PL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The director is not aware of any material threats to the ability of the company to continue to trade for the foreseeable future.
2
Accounting policies
Turnover
Revenue represents the net invoices value of sales of food and drinks for both dine in and take away customers.

Revenue from the sale of food and drink is recognised when the food and drink is delivered to the customer. Revenue from vouchers is recognised on redemption.
A liability is recognised for any vouchers that were unredeemed at the balance sheet date.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Godwill is written off over 4 years on the straight line method.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Furniture, fittings and equipment
25% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
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.
Trade and other 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.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
3025
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 January 2024
60,00060,000
At 31 December 2024
60,00060,000
Amortisation and impairment
At 1 January 2024
36,00036,000
Charge for the year
15,00015,000
At 31 December 2024
51,00051,000
Net book values
At 31 December 2024
9,0009,000
At 31 December 2023
24,00024,000
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2024
95,76813,967109,735
Additions
17,18954117,730
At 31 December 2024
112,95714,508127,465
Depreciation
At 1 January 2024
29,3728,05737,429
Charge for the year
18,7471,54520,292
At 31 December 2024
48,1199,60257,721
Net book values
At 31 December 2024
64,8384,90669,744
At 31 December 2023
66,396
5,910
72,306
6
Stocks
2024
2023
£
£
Raw materials and consumables
1,5001,500
1,5001,500
7
Debtors
2024
2023
£
£
Loans to directors
27,7247,037
Other debtors
5,00010,500
Prepayments and accrued income
1,4751,180
34,19918,717
8
Current asset investments
2024
2023
£
£
Unlisted investments
169,49161,671
169,49161,671
Market value of listed investments
169,49161,671
9
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,9823,885
Trade creditors
13,49920,711
Taxes and social security
88,456
71,459
Other creditors
50,17423,841
Accruals and deferred income
4,82010,381
160,931130,277
10
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,0296,011
2,0296,011
11
Share Capital
Share capital consists of 100 ordinary shares of £1 each, which are fully paid up.
12
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
13
Guarantees and commitments
2024
2023
£
£
Total of guarantees and commitments
50,35275,528
The amount above relates to the total of commitments under non-cancellable operating leases.
14
Related party transactions
A loan to the director subsisted during the year.
The details are as follows:
2024
2023
Balance at 1 January 2024
7,037
8,037
Amounts advanced
31,000
-
Amounts repaid
(10,313)
(1,000)
Balance at 31 December 2024
27,724
7,037
The balance is interest free, unsecured and is repayable upon demand.
Transactions with related parties
The company operates from premises rented from the parents of the director.
A rental of £15,000 (2022 £15,000) was paid for the year.
15
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
40,000
60,000
40,000
60,000
Dividends by type:
Equity dividends
40,00060,000
40,000
60,000
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