IRIS Accounts Production v25.2.0.378 14314619 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 14314619 2023-12-31 14314619 2024-12-31 14314619 2024-01-01 2024-12-31 14314619 2022-08-23 14314619 2022-08-24 2023-12-31 14314619 2023-12-31 14314619 ns15:EnglandWales 2024-01-01 2024-12-31 14314619 ns14:PoundSterling 2024-01-01 2024-12-31 14314619 ns10:Director1 2024-01-01 2024-12-31 14314619 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14314619 ns10:SmallEntities 2024-01-01 2024-12-31 14314619 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14314619 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 14314619 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14314619 ns10:FullAccounts 2024-01-01 2024-12-31 14314619 1 2024-01-01 2024-12-31 14314619 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 14314619 ns10:OrdinaryShareClass2 2024-01-01 2024-12-31 14314619 ns10:Director2 2024-01-01 2024-12-31 14314619 ns10:RegisteredOffice 2024-01-01 2024-12-31 14314619 ns5:CurrentFinancialInstruments 2024-12-31 14314619 ns5:CurrentFinancialInstruments 2023-12-31 14314619 ns5:Non-currentFinancialInstruments 2024-12-31 14314619 ns5:Non-currentFinancialInstruments 2023-12-31 14314619 ns5:ShareCapital 2024-12-31 14314619 ns5:ShareCapital 2023-12-31 14314619 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 14314619 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 14314619 ns5:NetGoodwill 2024-01-01 2024-12-31 14314619 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-01-01 2024-12-31 14314619 ns5:PlantMachinery 2024-01-01 2024-12-31 14314619 ns5:FurnitureFittings 2024-01-01 2024-12-31 14314619 ns5:NetGoodwill 2023-12-31 14314619 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 14314619 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 14314619 ns5:NetGoodwill 2024-12-31 14314619 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 14314619 ns5:NetGoodwill 2023-12-31 14314619 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 14314619 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 14314619 ns5:PlantMachinery 2023-12-31 14314619 ns5:FurnitureFittings 2023-12-31 14314619 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-12-31 14314619 ns5:PlantMachinery 2024-12-31 14314619 ns5:FurnitureFittings 2024-12-31 14314619 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 14314619 ns5:PlantMachinery 2023-12-31 14314619 ns5:FurnitureFittings 2023-12-31 14314619 ns5:UnlistedNon-exchangeTraded ns5:CostValuation 2023-12-31 14314619 ns5:UnlistedNon-exchangeTraded 2024-12-31 14314619 ns5:UnlistedNon-exchangeTraded 2023-12-31 14314619 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 14314619 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 14314619 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-12-31 14314619 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2023-12-31 14314619 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 14314619 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-12-31 14314619 ns5:DeferredTaxation 2023-12-31 14314619 ns5:DeferredTaxation 2024-01-01 2024-12-31 14314619 ns5:DeferredTaxation 2024-12-31 14314619 ns10:OrdinaryShareClass1 2024-12-31 14314619 ns10:OrdinaryShareClass2 2024-12-31

REGISTERED NUMBER: 14314619 (England and Wales)

ESTAR RESTAURANTS GROUP LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

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 |  | 9

| ESTAR RESTAURANTS GROUP LIMITED |

Company Information

for the year ended 31 December 2024

| Directors: | S J Maule

| K Maule

| Registered office: | C/O Cooper Parry

| Sky View, Argosy Road

| East Midlands Airport, Castle Donington

| Derby

| Derbyshire

| DE74 2SA

| Registered number: | 14314619 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| CUBO Birmingham

| 4th Floor

| Two Chamberlain Square

| Birmingham

| West Midlands

| B3 3AX

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

Fixed assets

Intangible assets | 4 | 266,763 |  | 281,457 |  |

Tangible assets | 5 | 483,236 |  | 529,917 |  |

Investments | 6 | 2,500 |  | 2,500 |  |

752,499 |  | 813,874 |  |

Current assets

Stocks | 7 | 37,121 |  | 41,434 |  |

Debtors | 8 | 94,804 |  | 85,311 |  |

Cash at bank and in hand | 273,250 |  | 437,924 |  |

405,175 |  | 564,669 |  |

Creditors

Amounts falling due within one year | 9 | 768,863 |  | 881,298 |  |

Net current liabilities | (363,688 | ) | (316,629 | ) |

Total assets less current liabilities | 388,811 |  | 497,245 |  |

Creditors

Amounts falling due after more than one year | 10 | (385,536 | ) | (476,250 | ) |

Provisions for liabilities | 12 | (4,255 | ) | (11,066 | ) |

Net (liabilities)/assets | (980 | ) | 9,929 |  |

Capital and reserves

Called up share capital | 13 | 100 |  | 100 |  |

Retained earnings | (1,080 | ) | 9,829 |  |

Shareholders' funds | (980 | ) | 9,929 |  |

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

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 17 September 2025 and were signed on its behalf by:

S J Maule - Director

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | Statutory information

| Estar Restaurants Group Limited is a private company, limited by shares , registered in England and Wales. 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.

| Going Concern

| The directors have considered the application of the going concern basis of accounting, and in doing so they have considered the period from the date of this report until 31 December 2026. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

| Turnover

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually at the point of sale, the amount of revenue can be reliably measured, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be reliably measured.

| Franchise rights and fees

| Franchise rights and 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.

| Short leasehold | - | at varying rates on cost

| Restaurant equipment | - | at varying rates on cost

| Office equipment | - | at varying rates 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.

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | Accounting policies - continued

| 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.

| 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.

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

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 156 (2023 - 160 ) .

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

4. | Intangible fixed assets

Franchise | Franchise |

rights | fees | Totals |

| £ | £ | £

| Cost

| At 1 January 2024

| and 31 December 2024 | 263,879 |  | 30,000 |  | 293,879 |  |

| Amortisation

| At 1 January 2024 | 11,172 |  | 1,250 |  | 12,422 |  |

| Amortisation for year | 13,194 |  | 1,500 |  | 14,694 |  |

| At 31 December 2024 | 24,366 |  | 2,750 |  | 27,116 |  |

| Net book value

| At 31 December 2024 | 239,513 |  | 27,250 |  | 266,763 |  |

| At 31 December 2023 | 252,707 |  | 28,750 |  | 281,457 |  |

5. | Tangible fixed assets

Short | Restaurant | Office |

leasehold | equipment | equipment | Totals |

| £ | £ | £ | £

| Cost

| At 1 January 2024 | 9,301 |  | 590,310 |  | 443 |  | 600,054 |  |

| Additions | - |  | 41,522 |  | 762 |  | 42,284 |  |

| At 31 December 2024 | 9,301 |  | 631,832 |  | 1,205 |  | 642,338 |  |

| Depreciation

| At 1 January 2024 | 349 |  | 69,705 |  | 83 |  | 70,137 |  |

| Charge for year | 465 |  | 88,326 |  | 174 |  | 88,965 |  |

| At 31 December 2024 | 814 |  | 158,031 |  | 257 |  | 159,102 |  |

| Net book value

| At 31 December 2024 | 8,487 |  | 473,801 |  | 948 |  | 483,236 |  |

| At 31 December 2023 | 8,952 |  | 520,605 |  | 360 |  | 529,917 |  |

6. | Fixed asset investments

Unlisted |

investments |

| £

| Cost

| At 1 January 2024

| and 31 December 2024 | 2,500 |  |

| Net book value

| At 31 December 2024 | 2,500 |  |

| At 31 December 2023 | 2,500 |  |

| Fixed asset investments consists of 2,500 (2023 - 2,500) ordinary shares of £1 each in Fries Holding Company Limited, a company registered in Guernsey. The investments are included in the accounts at cost.

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

7. | Stocks

2024 | 2023 |

| £ | £

| Food | 24,209 |  | 24,027 |  |

| Paper | 7,539 |  | 9,107 |  |

| Non Product | 5,373 |  | 8,300 |  |

37,121 |  | 41,434 |  |

8. | Debtors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Trade debtors | 21,852 |  | 4,074 |  |

| Other debtors | 41,514 |  | 45,590 |  |

| Prepayments | 31,438 |  | 35,647 |  |

94,804 |  | 85,311 |  |

9. | Creditors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Bank loans and overdrafts (see note 11) | 90,714 |  | 90,714 |  |

| Trade creditors | 157,395 |  | 206,739 |  |

| Social security and other taxes | 14,919 |  | 25,425 |  |

| VAT | 185,589 |  | 204,394 |  |

| Other creditors | 135,150 |  | 108,571 |  |

| Directors' current accounts | 133,697 |  | 178,697 |  |

| Accrued expenses | 51,399 |  | 66,758 |  |

768,863 |  | 881,298 |  |

10. | Creditors: amounts falling due after more than one year |

2024 | 2023 |

| £ | £

| Bank loans (see note 11) | 385,536 |  | 476,250 |  |

11. | Loans

| An analysis of the maturity of loans is given below:

2024 | 2023 |

| £ | £

| Amounts falling due within one year or on demand:

| Bank loans | 90,714 |  | 90,714 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 90,714 |  | 90,714 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 294,822 |  | 385,536 |  |

| The loan is due for repayment in equal monthly instalments with terms as stated above. It is unsecured with interest charged at 1.7% above the Bank of England base rate.

ESTAR RESTAURANTS GROUP LIMITED (REGISTERED NUMBER: 14314619) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

12. | Provisions for liabilities

2024 | 2023 |

| £ | £

| Deferred tax | 4,255 |  | 11,066 |  |

Deferred tax |

| £

| Balance at 1 January 2024 | 11,066 |  |

| Provided during year | (6,811 | ) |

| Balance at 31 December 2024 | 4,255 |  |

13. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 75 | Ordinary A | £1 | 75 |  | 75 |  |

| 25 | Ordinary B | £1 | 25 |  | 25 |  |

100 |  | 100 |  |

14. | Ultimate controlling party

| The ultimate controlling party is S J Maule.