REGISTERED NUMBER: 11061182 (England and Wales)

VIEIRA GROUP LIMITED

Unaudited Financial Statements

for the Period 1 December 2023 to 31 December 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

9

Director:

E L Vieira

Secretary:

S J Davis

Registered office:

28 28

Apex Business Village

Cramlington

Northumberland

NE23 7BF

Registered number:

11061182 (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

1,511,918

392,918

Tangible assets

5

846,813

305,621

Investments

6

3,750

-

2,362,481

698,539

Current assets

Stocks

7

54,677

25,250

Debtors

8

123,849

15,814

Cash at bank and in hand

1,343,822

999,848

1,522,348

1,040,912

Creditors

Amounts falling due within one year

9

2,117,853

622,968

Net current (liabilities)/assets

(595,505

)

417,944

Total assets less current liabilities

1,766,976

1,116,483

Creditors

Amounts falling due after more than one year

10

(446,994

)

(250,369

)

Provisions for liabilities

11

(164,107

)

(57,124

)

Net assets

1,155,875

808,990

Capital and reserves

Called up share capital

12

100

100

Retained earnings

13

1,155,775

808,890

Shareholders' funds

1,155,875

808,990

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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 23 September 2025 and were signed by:

E L Vieira - Director

1.	Statutory information

Vieira 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

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.

Land and buildings

-

25% on reducing balance

Plant and machinery etc

-

15% on reducing balance

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 period 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 period 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

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.

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 period was 203 (2023 - 117 ) .

4.	Intangible fixed assets

Franchise

rights

£

Cost

At 1 December 2023

575,000

Additions

1,205,737

At 31 December 2024

1,780,737

Amortisation

At 1 December 2023

182,082

Amortisation for period

86,737

At 31 December 2024

268,819

Net book value

At 31 December 2024

1,511,918

At 30 November 2023

392,918

5.	Tangible fixed assets

Long

Restaurant

leasehold

equipment

Totals

£

£

£

Cost

At 1 December 2023

300,000

352,513

652,513

Additions

177,421

449,012

626,433

At 31 December 2024

477,421

801,525

1,278,946

Depreciation

At 1 December 2023

222,876

124,016

346,892

Charge for period

66,014

19,227

85,241

At 31 December 2024

288,890

143,243

432,133

Net book value

At 31 December 2024

188,531

658,282

846,813

At 30 November 2023

77,124

228,497

305,621

6.	Fixed asset investments

Unlisted

investments

£

Cost

Additions

3,750

At 31 December 2024

3,750

Net book value

At 31 December 2024

3,750

Fixed asset investments consists of 3,750 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

37,207

25,250

Paper

12,253

-

Non product

5,217

-

54,677

25,250

8.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

110,212

-

Directors' current accounts

-

6,753

Prepayments

13,637

9,061

123,849

15,814

9.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

224,346

131,112

Trade creditors

442,157

109,062

Corporation tax

29,336

49,351

Social security and other taxes

38,961

14,217

VAT

470,867

163,436

Other creditors

42,223

6,327

Directors' current accounts

433,247

-

Accrued expenses

436,716

149,463

2,117,853

622,968

10.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

107,487

250,369

Bank loans - 2-5 years

182,814

-

Bank loans more 5 yr by instal

156,693

-

446,994

250,369

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

156,693

-

11.	Provisions for liabilities

2024

2023

£

£

Deferred tax

164,107

57,124

Deferred tax

£

Balance at 1 December 2023

57,124

Provided during period

106,983

Balance at 31 December 2024

164,107

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary shares

£1

100

100

13.

Reserves

Retained

earnings

£

At 1 December 2023

808,890

Profit for the period

346,885

At 31 December 2024

1,155,775

14.	Related party disclosures

As at the balance sheet date, there is an amount due to the director of £433,247 (2023 - £6,753 owed by the director).

The amount bears no fixed rate of interest and is repayable on demand.

15.	Ultimate controlling party

The ultimate controlling party is E L Vieira.