Company No: 01816402 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A S Ziani De Ferranti
	CN Hunter Gordon
	SG Lord

SECRETARY

JD Barber

REGISTERED OFFICE	Second Floor
	16 Garrick Street Second Floor
	16 Garrick Street
	London
	WC2E 9BA
	United Kingdom

COMPANY NUMBER

01816402 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	279,539		243,807
		279,539		243,807
Current assets
Stocks		11,178		11,233
Debtors	5	1,852		1,462
Cash at bank and in hand		326,369		386,814
		339,399		399,509
Creditors: amounts falling due within one year	6	( 219,913)		( 262,686)
Net current assets		119,486		136,823
Total assets less current liabilities		399,025		380,630
Creditors: amounts falling due after more than one year	7	( 37,500)		( 67,500)
Provision for liabilities		( 16,226)		( 4,761)
Net assets		345,299		308,369
Capital and reserves
Called-up share capital		10,000		10,000
Share premium account		113,500		113,500
Profit and loss account		221,799		184,869
Total shareholders' funds		345,299		308,369

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ziani's Limited (registered number: 01816402) were approved and authorised for issue by the Board of Directors on 26 November 2025. They were signed on its behalf by:

A S Ziani De Ferranti Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ziani's Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Second Floor ,16 Garrick Street Second Floor, 16 Garrick Street, London, WC2E 9BA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for food and drink sales provided in the normal course of business, and is shown net of VAT where applicable.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	15 % reducing balance
Fixtures and fittings	15 % reducing balance
Other property, plant and equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are valued at the lower of cost and realisable value, cost being determined on a first in, first out basis.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	16		16

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 December 2023	35,060		35,060
At 30 November 2024	35,060		35,060
Accumulated amortisation
At 01 December 2023	35,060		35,060
At 30 November 2024	35,060		35,060
Net book value
At 30 November 2024	0		0
At 30 November 2023	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 December 2023	430,929		108,186		291,939		18,401		849,455
Additions	0		14,458		37,074		2,060		53,592
At 30 November 2024	430,929		122,644		329,013		20,461		903,047
Accumulated depreciation
At 01 December 2023	221,185		97,299		271,162		16,002		605,648
Charge for the financial year	8,911		3,085		5,194		670		17,860
At 30 November 2024	230,096		100,384		276,356		16,672		623,508
Net book value
At 30 November 2024	200,833		22,260		52,657		3,789		279,539
At 30 November 2023	209,744		10,887		20,777		2,399		243,807

5. Debtors

	2024		2023
	£		£
Other debtors	1,852		1,462

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	30,000		30,000
Trade creditors	96,295		101,467
Taxation and social security	90,468		128,069
Other creditors	3,150		3,150
	219,913		262,686

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	37,500		67,500

RBS currently holds a legal charge against the fixed assets of the company.

8. Related party transactions

During the year £66,000 (2023 - £66,000) was paid to Ferranti, an entity controlled by a director, for accounting and consultancy services.