Registration number: 10528220

Chiswick Wood Oven Pizza Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Chiswick Wood Oven Pizza Limited

(Registration number: 10528220)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	23,687	32,323
Tangible assets	5	66,338	72,045
		90,025	104,368
Current assets
Debtors	6	50,179	38,048
Cash at bank and in hand		61,030	76,710
		111,209	114,758
Creditors: Amounts falling due within one year	7	(52,234)	(62,339)
Net current assets		58,975	52,419
Total assets less current liabilities		149,000	156,787
Creditors: Amounts falling due after more than one year	7	(28,271)	(35,414)
Net assets		120,729	121,373
Capital and reserves
Called up share capital	8	515,000	515,000
Retained earnings		(394,271)	(393,627)
Shareholders' funds		120,729	121,373

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 September 2025
 

......................................... Mr S Montesi Director

Chiswick Wood Oven Pizza Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
140 Shepherds Bush Road
London
W6 7PB

These financial statements were authorised for issue by the director on 12 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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 years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	3 Years Straight line.
Buildings	Over the term of the lease.

Chiswick Wood Oven Pizza Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Chiswick Wood Oven Pizza Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

Chiswick Wood Oven Pizza Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	86,367	86,367
At 31 December 2024	86,367	86,367
Amortisation
At 1 January 2024	54,044	54,044
Amortisation charge	8,636	8,636
At 31 December 2024	62,680	62,680
Carrying amount
At 31 December 2024	23,687	23,687
At 31 December 2023	32,323	32,323

5	Tangible assets

	Long leasehold land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	103,879	87,306	191,185
At 31 December 2024	103,879	87,306	191,185
Depreciation
At 1 January 2024	32,542	86,598	119,140
Charge for the year	5,471	236	5,707
At 31 December 2024	38,013	86,834	124,847
Carrying amount
At 31 December 2024	65,866	472	66,338
At 31 December 2023	71,337	708	72,045

Included within the net book value of land and buildings above is £65,867 (2023 - £71,337) in respect of long leasehold land and buildings.
 

Chiswick Wood Oven Pizza Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Debtors

	2024 £	2023 £
Other debtors	38,023	25,345
Prepayments	12,156	12,703
	50,179	38,048

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	16,363	24,964
Accruals and deferred income	2,597	3,100
Other creditors	33,274	34,275
	52,234	62,339

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	28,271	35,414

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary sharea of £0.01 each	51,000,000	510,000	51,000,000	510,000

Chiswick Wood Oven Pizza Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	28,271	35,414

Bank borrowings

Bounce Back loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 8 April 2027. The carrying amount at year end is £28,271 (2023 - £35,414). During the previous year the company was granted a loan facility under the coronavirus business interruption loan facility scheme, The Loan Amount is £50,000 (Fifty thousand pounds). The capital amount, together with interests, is repayable in 60 instalments of £887.36 each, starting from April 2022. Under the Coronavirus Business Interruption Loan Scheme the company is also entitled to a payment by the UK Government to cover payments of the interest due under the loan agreement for a period of 12 months.