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REGISTERED NUMBER: NI028845 (Northern Ireland)















DUNLUCE RESTAURANTS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024






DUNLUCE RESTAURANTS LIMITED (REGISTERED NUMBER: NI028845)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


DUNLUCE RESTAURANTS LIMITED

Company Information
for the year ended 31 December 2024







Directors: S E Baillie
B G Baillie





Registered office: 8 Riverside Park East
Dunhill Road
Coleraine
Co. Londonderry
BT51 3NA





Registered number: NI028845 (Northern Ireland)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

DUNLUCE RESTAURANTS LIMITED (REGISTERED NUMBER: NI028845)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 12,289 16,080
Tangible assets 5 515,563 526,385
Investments 6 3,250 3,250
531,102 545,715

Current assets
Stocks 7 22,814 25,461
Debtors 8 49,191 44,534
Cash at bank and in hand 957,142 1,047,146
1,029,147 1,117,141
Creditors
Amounts falling due within one year 9 897,337 1,020,878
Net current assets 131,810 96,263
Total assets less current liabilities 662,912 641,978

Provisions for liabilities 20,715 41,486
Net assets 642,197 600,492

Capital and reserves
Called up share capital 10 100 100
Retained earnings 642,097 600,392
Shareholders' funds 642,197 600,492

DUNLUCE RESTAURANTS LIMITED (REGISTERED NUMBER: NI028845)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 29 August 2025 and were signed on its behalf by:





S E Baillie - Director


DUNLUCE RESTAURANTS LIMITED (REGISTERED NUMBER: NI028845)

Notes to the Financial Statements
for the year ended 31 December 2024

1. Statutory information

Dunluce Restaurants Limited is a private company, limited by shares , registered in Northern Ireland. 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. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Franchise fees
Franchise fees are initially recognised at cost and are subsequently measured at cost less accumulated amortisation and impairment losses. They are amortised over their useful lives, which is taken as the remaining term stated in the franchise agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Restaurant Equipment - at varying rates on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

DUNLUCE RESTAURANTS LIMITED (REGISTERED NUMBER: NI028845)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. Accounting policies - continued

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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted cost of the future holiday entitlement so accrued at the Balance Sheet date.

Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible and intangible 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 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 each 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.

DUNLUCE RESTAURANTS LIMITED (REGISTERED NUMBER: NI028845)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. Accounting policies - continued

Financial instruments
The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

For financial assets measured at amortised cost, the impairment cost is measured at the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the assets effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Dividends
Equity dividends are recognised when they legally become payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Judgements in applying accounting policies and key sources of estimation uncertainty
In the process of applying the company's accounting policies, management are required to make certain estimates and judgements. The key estimates and judgements are as follows:

Depreciation and residual values
The director has reviewed the asset lives and associated residual values of all fixed asset classes, and has concluded that asset lives and residual values are appropriate.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted cost of the future holiday entitlement so accrued at the Balance Sheet date.

3. Employees and directors

The average number of employees during the year was 190 (2023 - 160 ) .

DUNLUCE RESTAURANTS LIMITED (REGISTERED NUMBER: NI028845)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. Intangible fixed assets
Franchise
fees
£
Cost
At 1 January 2024
and 31 December 2024 45,904
Amortisation
At 1 January 2024 29,824
Amortisation for year 3,791
At 31 December 2024 33,615
Net book value
At 31 December 2024 12,289
At 31 December 2023 16,080

5. Tangible fixed assets
Fixtures
Land and Restaurant and Motor
buildings Equipment fittings vehicles Totals
£ £ £ £ £
Cost
At 1 January 2024 402,910 1,379,996 868,201 59,495 2,710,602
Additions - - 43,848 47,279 91,127
At 31 December 2024 402,910 1,379,996 912,049 106,774 2,801,729
Depreciation
At 1 January 2024 144,442 1,192,033 827,871 19,871 2,184,217
Charge for year 12,072 57,905 11,063 20,909 101,949
At 31 December 2024 156,514 1,249,938 838,934 40,780 2,286,166
Net book value
At 31 December 2024 246,396 130,058 73,115 65,994 515,563
At 31 December 2023 258,468 187,963 40,330 39,624 526,385

6. Fixed asset investments
Unlisted
investments
£
Cost
At 1 January 2024
and 31 December 2024 3,250
Net book value
At 31 December 2024 3,250
At 31 December 2023 3,250

Fixed asset investments consists of 3,250 (2023 - 3,250) ordinary shares of £1 each in Fries Holding Company Limited, a company registered in Guernsey. The investments are included in the accounts at cost.

DUNLUCE RESTAURANTS LIMITED (REGISTERED NUMBER: NI028845)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. Stocks
2024 2023
£ £
Food 12,186 13,197
Paper 3,774 6,755
Non product 6,854 5,509
22,814 25,461

8. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 14,474 17,788
Prepayments 34,717 26,746
49,191 44,534

9. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 281,995 286,849
Corporation tax 128,172 118,440
Social security and other taxes 29,827 27,119
VAT 260,756 265,685
Other creditors 133,556 44,720
Directors' current accounts 4,345 211,224
Accrued expenses 58,686 66,841
897,337 1,020,878

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

11. Related party disclosures

As at the balance sheet date, the balance owed to the directors rom the company amounts to £4,345 (2023 - £211,224).

The amounts carries no fixed rate of interest and is repayable on demand.

12. Ultimate controlling party

The ultimate controlling party is B G Baillie.