REGISTERED NUMBER: 14236389 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VILLAGGIO RESTAURANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Hughes

C Hughes

A Mantovani

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh-on-Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

14236389 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Sutherland House

1759 London Road

Leigh on Sea

Essex

SS9 2RZ

FIXED ASSETS

Intangible assets

4

68,000

76,500

Tangible assets

5

124,972

145,083

192,972

221,583

CURRENT ASSETS

Stocks

9,665

7,631

Debtors

6

32,334

25,816

Cash at bank

16,362

6,200

58,361

39,647

CREDITORS

Amounts falling due within one year

7

553,663

463,907

NET CURRENT LIABILITIES

(495,302

)

(424,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(302,330

)

(202,677

)

CREDITORS

Amounts falling due after more than one year

8

10,429

35,458

NET LIABILITIES

(312,759

)

(238,135

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(312,762

)

(238,138

)

SHAREHOLDERS' FUNDS

(312,759

)

(238,135

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

P Hughes - Director

1.	STATUTORY INFORMATION

Villaggio Restaurants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 10 years

Plant and machinery etc

-

15% on reducing balance and Straight line over 10 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

85,000

AMORTISATION

At 1 January 2024

8,500

Charge for year

8,500

At 31 December 2024

17,000

NET BOOK VALUE

At 31 December 2024

68,000

At 31 December 2023

76,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

25,456

142,444

167,900

DEPRECIATION

At 1 January 2024

2,542

20,275

22,817

Charge for year

2,546

17,565

20,111

At 31 December 2024

5,088

37,840

42,928

NET BOOK VALUE

At 31 December 2024

20,368

104,604

124,972

At 31 December 2023

22,914

122,169

145,083

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

32,334

25,816

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

16,564

Trade creditors

40,864

47,716

Taxation and social security

41,636

27,516

Other creditors

471,163

372,111

553,663

463,907

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

10,429

35,458

9.	RELATED PARTY DISCLOSURES

During the year under review the company maintained an intercompany loan account with 1981 Restaurants Ltd, a company under common control. The balance owed to 1981 Restaurants Ltd at the year end date was £275,930 (2023 £190,371) and is shown within other creditors.

During the year under review the company maintained an intercompany loan account with Alfresco Inns Ltd, a company under common control. The balance owed to Alfresco Inns Ltd at the year end date was £6,585 (2023 £3,857) and is shown within other Creditors.

During the year under review the company maintained an intercompany loan account with Peaches & Porcini Ltd, a company under common control. The amount owed by Peaches & Porcini Ltd at the year end date was £12,165 (2023 £4,603) and is shown within other debtors.

During the year under review the company paid management fees of £14,638 to Velo Restaurant Consultancy Ltd, a company under common control. The company also maintained an intercompany loan account with Velo Restaurant Consultancy Ltd. The amount owed by Velo Restaurant Consultancy Ltd at the year end date was £31,520 (2023 £20,000) and is shown within other debtors.