REGISTERED NUMBER: SC715786 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sano Pizza Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

A R MacHugh

R MacHugh

REGISTERED OFFICE:

29 Brandon Street

Hamilton

ML3 6DA

REGISTERED NUMBER:

SC715786 (Scotland)

ACCOUNTANTS:

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

FIXED ASSETS

Tangible assets

5

126,363

145,866

CURRENT ASSETS

Stocks

10,800

9,900

Debtors

6

289,768

96,814

Cash at bank and in hand

48,623

134,739

349,191

241,453

CREDITORS

Amounts falling due within one year

7

421,046

339,005

NET CURRENT LIABILITIES

(71,855

)

(97,552

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,508

48,314

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

54,506

48,312

SHAREHOLDERS' FUNDS

54,508

48,314

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 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 December 2025 and were signed on its behalf by:

A R MacHugh - Director

1.	STATUTORY INFORMATION

Sano Pizza Limited is a private company, limited by shares , registered in Scotland. 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 (£).

2.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going Concern

The accounts have been prepared on a going concern basis as the directors have undertaken to continue supporting the company through associated companies.

Turnover

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

Turnover is derived from the sale of food/drink items supplied by the company.

Turnover is measured at the fair value of food/drink items supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost and 10% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

180,466

DEPRECIATION

At 1 April 2024

34,600

Charge for year

19,503

At 31 March 2025

54,103

NET BOOK VALUE

At 31 March 2025

126,363

At 31 March 2024

145,866

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

483

Amounts owed by group undertakings

213,148

-

Other debtors

-

57,177

Directors' current accounts

2,970

-

Deferred tax asset

728

6,726

Prepayments and accrued income

72,922

32,428

289,768

96,814

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

72,315

17,812

Amounts owed to group undertakings

233,874

212,550

Social security and other taxes

5,181

7,781

VAT

28,579

33,738

Directors' current accounts

-

1,251

Accrued expenses

81,097

65,873

421,046

339,005

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

A R MacHugh

Balance outstanding at start of year

(625

)

(1,412

)

Amounts advanced

2,110

787

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,485

(625

)

R MacHugh

Balance outstanding at start of year

(625

)

(1,412

)

Amounts advanced

2,110

787

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,485

(625

)

These loans are unsecured, interest free and have no fixed repayment terms.

9.	RELATED PARTY DISCLOSURES

The related parties of Sano Pizza Limited are as follows:

A MacHugh and R MacHugh are directors of Sano Pizza Limited. They are also directors of Sano Pizza Deliveries Limited, AB Leisure Limited, Normal Red Limited, Rayton Hospitality Limited and Raynot Hospitality Limited.

During the year Sano Pizza Limited advanced loans totalling £166,721 to Sano Pizza Deliveries Limited. At the year end, the balance due by Sano Pizza Deliveries Limited was £166,721 (2024, £Nil).

During the year there was no transactions with Raynot Hospitality Limited. At the year end, the balance due by Raynot Hospitality Limited was £43,684 (2024: £43,684).

During the year AB Leisure Limited repaid loans totalling £11,750 to Sano Pizza Limited. At the year end, the balance due by AB Leisure Limited was £1,743 (2024, £13,493).

During the year Sano Pizza Limited paid £51,152 in management charges to Normal Red Limited. Also during the year Sano Pizza Limited advanced loans totalling £1,000 to Normal Red Limited. At the year end, the balance due by Normal Red Limited was £1,000 (2024, £Nil)

During the year Sano Pizza Limited received loans totalling £21,324 from Rayton Hospitality Limited. At the year end, the balance due to Rayton Hospitality was £233,874 (2024, £212,550).

These loans are unsecured, interest free and have no fixed repayment terms.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sano Pizza Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Sano Pizza Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sano Pizza Limited and state those matters that we have agreed to state to the Board of Directors of Sano Pizza Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sano Pizza Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sano Pizza Limited. You consider that Sano Pizza Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sano Pizza Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

30 December 2025