Company registration number 10359849 (England and Wales)
YALLA YALLA RESTAURANTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
YALLA YALLA RESTAURANTS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 11
YALLA YALLA RESTAURANTS LIMITED
BALANCE SHEET
AS AT 29 DECEMBER 2024
29 December 2024
- 1 -
29 December 2024
31 December 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
185,936
212,138
Current assets
Stocks
9,899
15,770
Debtors
5
1,569,903
967,205
Cash at bank and in hand
147,629
261,466
1,727,431
1,244,441
Creditors: amounts falling due within one year
6
(1,834,342)
(1,417,866)
Net current liabilities
(106,911)
(173,425)
Total assets less current liabilities
79,025
38,713
Provisions for liabilities
7
(54,218)
(79,101)
Net assets/(liabilities)
24,807
(40,388)
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
24,707
(40,488)
Total equity
24,807
(40,388)

These financial statements have been prepared and delivered in accordance with the provisions applicable to the small companies exemption and section 480 of the Companies Act 2006.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 July 2025
A Kitous
Director
Company registration number 10359849 (England and Wales)
YALLA YALLA RESTAURANTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 29 DECEMBER 2024
- 2 -
Share capital
Share based payment reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 2 January 2023
100
296
98,038
98,434
Period ended 31 December 2023:
Loss and total comprehensive income
-
-
(138,526)
(138,526)
Share based payments
-
(296)
-
(296)
Balance at 31 December 2023
100
-
(40,488)
(40,388)
Period ended 29 December 2024:
Profit and total comprehensive income
-
-
65,195
65,195
Balance at 29 December 2024
100
-
24,707
24,807
YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Yalla Yalla Restaurants Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Winchester House, 259-269 Old Marylebone Road, London, NW1 5RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

The financial statements of the company are consolidated in the financial statements of Comptoir Group Plc, which are available at Companies House.

1.2
Going concern

In assessing the going concern position of the company for the financial statements for the period ended 29 December 2024, the director has considered the company’s cash flow projections, liquidity and business activities. Prevailing market conditions, including cost of living rises & economic uncertainty, and their impact on guest confidence to spend has been considered as part of the company's adoption of the going concern basis.true

 

In making this assessment, the director has made a specific analysis of the impact of current macro-economic uncertainties and global disruption in the Middle East as well as the emerging geo-political situations arising and how they may impact the company.

 

The company posted a profit of £65k (31 December 2023: £139k loss) for the period and had net assets of £25k (31 December 2023: £40k net liabilities) as at 29 December 2024. The company had cash reserves of £148k (31 December 2023: £261k) at the end of the current period. The company has received confirmation from the parent company that they have the ability and intention to support the company should further support be required to meet their commitments.

 

The Board believes that the business has the ability to remain trading for a period of at least 12 months from the date of signing of these financial statements and therefore the financial statements have been prepared on a going concern basis.

1.3
Reporting period

The accounting year for the company runs to the closest Sunday to 31 December each year. The financial statements for the current period has been prepared to 29 December 2024 and the comparative period to 31 December 2023.

1.4
Turnover

Turnover represents amounts receivable for food, beverage and service fees net of VAT and trade discounts provided to customers and staff.

 

Turnover is recognised when the amounts are earned and can be reasonably estimated. Turnover is recorded net of value added tax collected from customers and are recognised as the related services are delivered.

YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
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 land and buildings
Over the term of the lease
Plant and equipment
15% reducing balance
Fixtures and fittings
10% 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.

1.6
Impairment of fixed assets

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

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
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.

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.

1.8
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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.

Classification of financial liabilities

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.

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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
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.

YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Provisions

Provisions are recognised when the company has a legal or constructive present obligation 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.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
1
Accounting policies
(Continued)
- 7 -

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

 

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

The company participates in a share-based payment arrangement granted to its employees and employees of its subsidiaries. The company has elected to recognise and measure its share-based payment expense on the basis of a reasonable allocation of the expense for the group recognised in its consolidated accounts. The directors consider the number of unvested options granted to the company’s employees compared to the total unvested options granted under the group plan to be a reasonable basis for allocating the expense.

 

The expense in relation to options over the company’s shares granted to employees of a subsidiary is recognised by the company as a capital contribution, and presented as an increase in the company’s investment in that subsidiary.

1.15
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
29
33
YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
- 8 -
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 January 2024
50,908
488,679
143,579
683,166
Additions
-
0
8,555
11,062
19,617
Disposals
-
0
(132,193)
(73,748)
(205,941)
At 29 December 2024
50,908
365,041
80,893
496,842
Depreciation and impairment
At 1 January 2024
31,573
340,992
98,463
471,028
Depreciation charged in the period
8,574
28,767
8,478
45,819
Eliminated in respect of disposals
-
0
(132,193)
(73,748)
(205,941)
At 29 December 2024
40,147
237,566
33,193
310,906
Carrying amount
At 29 December 2024
10,761
127,475
47,700
185,936
At 31 December 2023
19,335
147,687
45,116
212,138
5
Debtors
2024
2023
Amounts falling due within one year:
Notes
£
£
Trade debtors
22,380
47,114
Amounts owed by group undertakings
1,424,754
853,053
Other debtors
113,122
40,404
1,560,256
940,571
Amounts falling due after more than one year:
Deferred tax asset
9
9,647
26,634
Total debtors
1,569,903
967,205
YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
- 9 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
69,876
48,871
Amounts owed to group undertakings
733,306
621,356
Taxation and social security
610,587
417,600
Other creditors
420,573
330,039
1,834,342
1,417,866
7
Provisions for liabilities
2024
2023
Notes
£
£
Dilapidations
33,142
18,436
Payroll
-
19,100
33,142
37,536
Deferred tax liabilities
8
21,076
41,565
54,218
79,101
Movements on provisions apart from deferred tax liabilities:
Dilapidations
Payroll
Total
£
£
£
At 1 January 2024
18,436
19,100
37,536
Additional provisions in the year
14,706
-
14,706
Reversal of provision
-
(19,100)
(19,100)
At 29 December 2024
33,142
-
33,142

The payroll provision was reversed during the period as it was no longer probable that a claim would be received. The dilapidation provision is expected to the released at the end of the lease term of restaurant sites.

YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
- 10 -
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
Assets
Assets
2024
2023
2024
2023
Balances:
£
£
£
£
Accelerated capital allowances
21,076
41,565
-
-
Tax losses
-
-
9,647
26,634
21,076
41,565
9,647
26,634
2024
Movements in the period:
£
Liability at 1 January 2024
14,931
Credit to profit or loss
(3,502)
Liability at 29 December 2024
11,429

The deferred tax asset set out above is expected to reverse within 12 months and relates to the utilisation of tax losses against future expected profits of the same period. The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

9
Share-based payment transactions
Number of share options
Weighted average exercise price
2024
2023
2024
2023
Number
Number
£
£
Outstanding at 1 January 2024
-
0
50,000
-
0
0.07
Forfeited
-
0
(50,000)
0
-
0
0.07
Outstanding at 29 December 2024
-
0
-
0
-
0
-
0
Exercisable at 29 December 2024
-
0
-
0
-
0
-
0
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Authorised
Ordinary of £1 each
100
100
100
100
Issued and fully paid
Ordinary of £1 each
100
100
100
100
YALLA YALLA RESTAURANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
10
Called up share capital
(Continued)
- 11 -
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Senior Statutory Auditor:
James Astley
Statutory Auditor:
UHY Hacker Young
Date of audit report:
22 July 2025
12
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
463,565
636,648
13
Related party transactions

The company has taken the advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

 

14
Parent company

The ultimate parent company is Comptoir Group Plc, a company registered in England and Wales. Comptoir Group Plc prepares group financial statements and copies can be obtained from Companies House. The registered office address is 6th Floor, Winchester House, 259-269 Old Marylebone Road, London, NW1 5RA.

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