Registration number: 04666246

Zafferano (Catering) Limited

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	586,436	489,098
Current assets
Stocks	6	25,020	25,644
Debtors	7	723,927	539,302
Cash at bank and in hand		546,922	916,513
		1,295,869	1,481,459
Creditors: Amounts falling due within one year	8	(1,373,421)	(1,437,946)
Net current (liabilities)/assets		(77,552)	43,513
Total assets less current liabilities		508,884	532,611
Provisions for liabilities		(196,610)	(172,043)
Net assets		312,274	360,568
Capital and reserves
Called up share capital		1	1
Capital redemption reserve		1	1
Retained earnings		312,272	360,566
Shareholders' funds		312,274	360,568

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Zafferano (Catering) Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:
 

......................................... T P Stevens Director

......................................... A J Kelly Director

Company registration number: 04666246

Zafferano (Catering) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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:
Units 3-4 Trade City, Avro Way
Brooklands Business Park
Weybridge
Surrey
KT13 0YF

The principal activity of the company is that of the provision of private and commercial catering services.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 9 December 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant 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 years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 March 2025 and had net assets at that date of £312,274 including cash at bank of £546,922.

The company continues to receive bookings for future events with deposits received and continues to trade profitably subsequent to 31 March 2025.

Having made enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of catering services in the ordinary course of the company's activities. Turnover is shown net value added tax, rebates and discounts.

The company recognises turnover on the dates on which catering services are supplied. Deposits for future events are shown within other creditors in the statement financial position until the date of the event.

Zafferano (Catering) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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	25% Straight line
Motor vehicles	25% Straight line
Leasehold improvements	Over the period of the lease
Fixtures, fittings and equipment	20% - 25% 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.

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Zafferano (Catering) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

4	Staff numbers

The average number of persons employed by the company during the year was 40 (2024 - 42).

5	Tangible assets

	Leasehold improvements £	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and Machinery £	Total £
Cost or valuation
At 1 April 2024	177,799	92,129	52,778	364,370	687,076
Additions	157,124	15,556	5,300	7,727	185,707
Disposals	-	-	-	(6,980)	(6,980)
At 31 March 2025	334,923	107,685	58,078	365,117	865,803
Depreciation
At 1 April 2024	-	58,365	32,696	106,917	197,978
Charge for the year	33,529	13,039	7,458	31,263	85,289
Eliminated on disposal	-	-	-	(3,900)	(3,900)
At 31 March 2025	33,529	71,404	40,154	134,280	279,367
Carrying amount
At 31 March 2025	301,394	36,281	17,924	230,837	586,436
At 31 March 2024	177,799	33,764	20,082	257,453	489,098

Zafferano (Catering) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Stocks

	2025 £	2024 £
Stock	25,020	25,644

7

Debtors

	2025 £	2024 £
Trade debtors	535,202	98,629
Amounts owed by group undertakings	347	309,255
Other debtors	188,378	131,418
	723,927	539,302

Other debtors includes an amount of £49,832 (2024: £49,832) due after more than one year and secured by a fixed charge in respect of future property obligations.

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	327,211	332,504
Amounts owed to group undertakings	174,813	-
Taxation and social security	127,007	138,551
Other creditors	744,390	966,891
	1,373,421	1,437,946

9	Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the statement of financial position amounts to £1,727,527 (2024: £1,926,857).

10	Related party transactions

Exemption has been taken under FRS 102 Paragraph 1AC.35 not to disclose transactions or amounts falling due with companies that are wholly owned within the group.

11	Relationship between entity and parents

The parent of the smallest group preparing group accounts including the results of the company is headed by Eventist Group Limited.

The registered address of Eventist Group Limited is Unit 3-4 Trade City, Avro Way, Brooklands Business Park, Weybridge, Surrey, KT13 0YF