ELITE PIZZA & RESTAURANT LIMITED


Directors	SASSANELLI, Alexandra
	SASSANELLI, Vincenzo


Company Secretary	SASSANELLI, Alexandra


Registered Address	50 Long Lane
	London
	EC1A 9EJ


Registered Number	08403357 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		68,359		76,713
Investments	4		149,471		149,471
			217,830		226,184
Current assets
Stocks	5	12,080		12,080
Debtors	6,7	44,231		58,473
Cash at bank and on hand		366,069		345,446
		422,380		415,999
Creditors amounts falling due within one year	8	(386,254)		(471,391)
Net current assets (liabilities)			36,126		(55,392)
Total assets less current liabilities			253,956		170,792
Creditors amounts falling due after one year	9		(70,128)		(46,630)
Net assets			183,828		124,162
Capital and reserves
Called up share capital			100		100
Profit and loss account			183,728		124,062
Shareholders' funds			183,828		124,162

The company was entitled to exemption from audit for this reporting period 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2025, and are signed on its behalf by:

SASSANELLI, Alexandra
Director
Registered Company No. 08403357

ELITE PIZZA & RESTAURANT LIMITED

Notes to the Financial Statements
for the period ended 28 February 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Land & buildings Over the term of the lease Plant & machinery 25% reducing balance Fixtures & fittings 25% reducing balance Office Equipment 20% reducing balance


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Office Equipment	20

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	32		32

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 29 February 24	109,084	102,793	34,394	28,739	275,010
Additions	-	2,548	-	3,502	6,050
At 28 February 25	109,084	105,341	34,394	32,241	281,060
Depreciation and impairment
At 29 February 24	63,126	94,461	25,618	15,092	198,297
Charge for year	6,060	2,720	2,194	3,430	14,404
At 28 February 25	69,186	97,181	27,812	18,522	212,701
Net book value
At 28 February 25	39,898	8,160	6,582	13,719	68,359
At 28 February 24	45,958	8,332	8,776	13,647	76,713

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 29 February 24	149,471	149,471
At 28 February 25	149,471	149,471
Net book value
At 28 February 25	149,471	149,471
At 28 February 24	149,471	149,471

	Notes
	¹Other investments other than loans

5.	Stocks

	2025	2024
	£	£
Other stocks	12,080	12,080
Total	12,080	12,080

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	994	12,810
Prepayments and accrued income	9,173	12,812
Total	10,167	25,622

7.	Debtors: amounts due after one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	3,891	2,678
Other debtors	30,173	30,173
Total	34,064	32,851

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	123,524	212,689
Taxation and social security	147,204	127,412
Other creditors	94,807	78,693
Accrued liabilities and deferred income	20,719	52,597
Total	386,254	471,391


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	28,949	34,463
Amounts owed to related parties	41,179	12,167
Total	70,128	46,630