REGISTERED NUMBER: 14314619 (England and Wales)

ESTAR RESTAURANTS GROUP LIMITED

Unaudited 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

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

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

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

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.

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.

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 ) .

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.

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.

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.