ACCOUNTS - Final Accounts preparation

Company Registration Number: 13232592

HEDDONS PIZZERIA LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

HEDDONS PIZZERIA LTD

REGISTERED NUMBER: 13232592

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		30,878		41,858
			30,878		41,858
Current assets
Debtors	5	35,434		422
Cash at bank and in hand		18		139
		35,452		561
Creditors: amounts falling due within one year	6	(169,625)		(168,089)
Net current liabilities			(134,173)		(167,528)
Total assets less current liabilities			(103,295)		(125,670)
Provisions for liabilities
Deferred tax		-		(929)
			-		(929)
Net liabilities			(103,295)		(126,599)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(103,296)	(126,600)
	(103,295)	(126,599)

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HEDDONS PIZZERIA LTD

REGISTERED NUMBER: 13232592

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

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 comprehensive income 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:

................................................

G F Banks

Director

Date: 18 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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HEDDONS PIZZERIA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Heddons Pizzeria Ltd ('the company') is a private company limited by shares, incorporated, and domiciled in the England. The address of the registered office is given in the company information page of these financial statements.
Statement of compliance
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A, The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

2.Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

2.1

Basis of preparation of financial statements

The Financial Statement are prepared on a going concern basis and under the historical cost convention. They presented in Pounds sterling, which is the functional currency of the entity, and are rounded to the nearest £1.

2.2

Going concern

The company meets its working capital requirements through its cash resources and operating cash flows supported by funding facilities.
The directors have prepared financial forecasts which, having regard for the current economic environment and taking account of reasonably possible changes in trading performance, indicate that the company will maintain sufficient financial headroom to enable it to continue meeting its liabilities as they fall due in the normal course of business for at least the next twelve months following approval of these financial statements. Notwithstanding any further potential ongoing impact on the company's financial performance and position beyond that already anticipated by the forecasts, the company maintains net funds, working capital and confirmed funding facilities which the directors consider are sufficient to fully mitigate the risks which remain due to the current economic environment.
The directors have a reasonable expectation that the company has adequate financial and other resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.

2.3

Revenue

Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of trade discounts and of Value Added Tax.

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HEDDONS PIZZERIA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

Tangible fixed assets

Tangible fixed assets are stated at cost, less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price plus any further costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Office equipment	-	25% straight line

Asset residual values and useful lives are reviewed at the end of each reporting period, and adjusted if appropriate. The effect of any change is accounted for prospectively.

2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

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HEDDONS PIZZERIA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

4.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	3,917	140	43,372	47,429
At 31 December 2024	3,917	140	43,372	47,429
Depreciation
At 1 January 2024	3,815	70	1,686	5,571
Charge for the year on owned assets	102	35	10,843	10,980
At 31 December 2024	3,917	105	12,529	16,551
Net book value
At 31 December 2024	-	35	30,843	30,878
At 31 December 2023	102	70	41,686	41,858

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HEDDONS PIZZERIA LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Other debtors	273	422
Deferred taxation	35,161	-
	35,434	422

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to related parties	167,525	165,335
Accruals and deferred income	2,100	2,754
	169,625	168,089

7.	Related party transactions
	During the year the company made sales to LTS Refurbishment Limited, a company which C D Johnson controls, of £Nil (2023: £Nil) and £167,525 (2023: £165,335) was owing and showing in creditors at the year end.

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