REGISTERED NUMBER: 06989414 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Pizza Face Pizza Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Van Der Beek

SECRETARY:

B Van Der Beek

REGISTERED OFFICE:

Airport House

Suite 43-45

Purley Way

Croydon

Surrey

CR0 0XZ

REGISTERED NUMBER:

06989414 (England and Wales)

ACCOUNTANTS:

Ledger Sparks Limited

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

11,662

14,224

11,662

14,224

Current assets

Stocks

10,000

11,000

Debtors

6

148,522

56,617

Cash in hand

-

2,698

158,522

70,315

Creditors

Amounts falling due within one year

7

(432,284

)

(339,006

)

Net current liabilities

(273,762

)

(268,691

)

Total assets less current liabilities

(262,100

)

(254,467

)

Creditors

Amounts falling due after more than one year

8

(1,764

)

(11,664

)

Provisions for liabilities

10

(2,036

)

(2,509

)

Net liabilities

(265,900

)

(268,640

)

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

11

(266,900

)

(269,640

)

(265,900

)

(268,640

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2025 and were signed by:

B Van Der Beek - Director

1.	STATUTORY INFORMATION

Pizza Face Pizza 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company continued to be that of Licensed restaurants.

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

Revenue represents net invoiced sales of restaurants including food and beverages and both dine-in and delivery sales from retail sales all excluding value added tax.

Revenue from restaurant sales is recognised when the goods or services have been delivered to the customer. Revenue is recognised net of discounts provided.

GOODWILL

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

INTANGIBLE ASSETS OTHER THAN GOODWILL

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer Software

25% on SLM

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements

20% on reducing balance

Plant and equipment

25% on reducing balance

Computers

25% on reducing balance

Motor vehicles

25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STOCKS

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

FINANCIAL INSTRUMENTS

The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX

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

GOING CONCERN

The accounts are prepared on the basis that the directors of the company have agreed they will not withdraw funds until the company has the available profits and cash flow and continue to support the company for the foreseeable future.

At the balance sheet date, liabilities exceed assets by £265,900 (2024 - £268,640). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its director, Bertie Takeuchi Van Der Beek and holding company Junk Food Ltd. The director is therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

25,000

6,090

31,090

AMORTISATION

At 1 April 2024

and 31 March 2025

25,000

6,090

31,090

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

3,660

47,061

1,400

3,441

55,562

Additions

-

-

-

1,105

1,105

Reclassification/transfer

-

150

(150

)

-

-

At 31 March 2025

3,660

47,211

1,250

4,546

56,667

DEPRECIATION

At 1 April 2024

3,382

35,726

664

1,566

41,338

Charge for year

56

2,871

146

594

3,667

At 31 March 2025

3,438

38,597

810

2,160

45,005

NET BOOK VALUE

At 31 March 2025

222

8,614

440

2,386

11,662

At 31 March 2024

278

11,335

736

1,875

14,224

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,382

19,342

Amounts owed by parent company

25,049

25,049

Other debtors

116,091

12,226

148,522

56,617

The director considers the carrying value of trade and other receivables approximate to their fair values.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,830

18,273

Trade creditors

3,478

11,064

Amounts owed to group undertakings

365,838

276,478

Taxation and social security

16,722

23,534

Other creditors

29,416

9,657

432,284

339,006

The director considers the carrying amounts of current liabilities approximate to their fair values.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,764

11,664

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

14,884

14,884

Between one and five years

52,095

59,537

In more than five years

-

7,442

66,979

81,863

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,036

2,509

Deferred

tax

£

Balance at 1 April 2024

2,509

Provided during year

(473

)

Balance at 31 March 2025

2,036

11.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,503 (2024 - £5,837).

Contribution totalling £1,173 (2024 - £1,250) were payable to fund at balance sheet date and are included in other creditors.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

B Van Der Beek

Balance outstanding at start of year

(2,678

)

(1,056

)

Amounts advanced

3,286

511

Amounts repaid

(3,284

)

(2,133

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,676

)

(2,678

)

14.	RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors is an amount due to director for the sum of £2,676 (2024 - £2,678). This loan is interest free and repayable on demand.

At the balance sheet date, included in creditors is amount of £229,300 (2024 - £129,159 ) due to Pizza Face Worthing Ltd, a company under common ownership.

At the balance sheet date, included in creditors is amount of £136,538 (2024 - £147,319) due to Pizza Face Hove Limited, a company under common ownership.

At the balance sheet date, included in debtors is amount of £25,049 (2024 - £25,049) due from parent company- Junk Food Limited.