REGISTERED NUMBER: NI045962 (Northern Ireland)

KYLE RESTAURANTS LTD

T/A

SUBWAY OMAGH, ENNISKILLEN & CAMPSIE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mrs Elma Kyle

SECRETARY:

Mr Nigel Kyle

REGISTERED OFFICE:

Unit 18

Main Street

OMAGH

Co. Tyrone

BT78 1BA

REGISTERED NUMBER:

NI045962 (Northern Ireland)

ACCOUNTANTS:

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS:

Ulster Bank Limited

14 High Street

OMAGH

Co. Tyrone

BT78 1BJ

SOLICITORS:

McConnell & Fyffe

21 Church Street

OMAGH

Co. Tyrone

BT78 1DG

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to her in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

Date: .............................................

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

127,179

142,794

127,179

142,794

CURRENT ASSETS

Stocks

14,186

13,862

Debtors

6

6,803

5,102

Cash at bank and in hand

346,476

381,978

367,465

400,942

CREDITORS

Amounts falling due within one year

7

213,797

235,675

NET CURRENT ASSETS

153,668

165,267

TOTAL ASSETS LESS CURRENT LIABILITIES

280,847

308,061

CREDITORS

Amounts falling due after more than one year

8

(1,726

)

(12,189

)

PROVISIONS FOR LIABILITIES

(21,106

)

(24,783

)

NET ASSETS

258,015

271,089

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

258,013

271,087

SHAREHOLDERS' FUNDS

258,015

271,089

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 her 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 director and authorised for issue on 11 August 2025 and were signed by:

Mrs Elma Kyle - Director

1.	STATUTORY INFORMATION

Kyle Restaurants Ltd 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.

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.

The financial statements are prepared in sterling which is the functional currency of the Company.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchises are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for

impairment.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual

value of each asset over its estimated useful life.

Leasehold property improvement - 2% straight line

Equipment & fittings - 10% straight line

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2024 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Franchises

£

COST

At 1 April 2024

and 31 March 2025

17,357

AMORTISATION

At 1 April 2024

and 31 March 2025

17,357

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Leasehold

property

Equipment

improvement

& fittings

Totals

£

£

£

COST

At 1 April 2024

67,179

506,364

573,543

Additions

-

3,110

3,110

At 31 March 2025

67,179

509,474

576,653

DEPRECIATION

At 1 April 2024

20,250

410,499

430,749

Charge for year

1,406

17,319

18,725

At 31 March 2025

21,656

427,818

449,474

NET BOOK VALUE

At 31 March 2025

45,523

81,656

127,179

At 31 March 2024

46,929

95,865

142,794

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

6,803

5,102

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,485

10,205

Trade creditors

94,036

81,171

Taxation and social security

58,362

66,335

Other creditors

50,914

77,964

213,797

235,675

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,726

12,189

9.	RELATED PARTY DISCLOSURES

At the year end the company had a loan amounting to £3,044 from a member of key management personnel. (£3,044 at 01.04.2024).

There is no repayment date for this loan and interest is not currently being charged.

The loan is presented within creditors: amounts falling due within one year.

NEK Restaurants Ltd

Shareholders in this company are the same as Kyle Restaurants Ltd.

2025

2024

£

£

Amount due to related party at the balance sheet date

16,818

51,667