These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Sim Trava (North East) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08404677. The address of the registered office is 2nd Floor, Suite B, Garden Place, 4 -12 Victoria Street, Altrincham, WA14 1ET. The principal places of business are various coffee shops held in the North East of England.

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. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

During the year, the Company made a pre-tax profit of £11.8k (2023 - £9.3k) after charging depreciation and amortisation of £137.5k (2023 - £171.2k). The company is financed through an associated Group, Sim Trava Group Limited and its subsidiaries which operated a network of 48 Costa Coffee franchises, predominantly in the North West, in addition to the 9 Costa Coffee franchises in the North East. Funding for all of the Group and associated company are provided through a central facility with the company’s bankers. During the year, the Sim Trava Group, has made a pre-tax loss of £264k (2023 - £821k) after charging depreciation and amortisation of £1,712k (2023 - £1,852k) resulting in an increase to the Group’s deficit on shareholders’ funds to £3,911k (2023 - £3,138k). Notwithstanding these accumulated losses, the Directors consider that it is appropriate to prepare the financial statements on a going concern basis taking into account the following matters:

• The accounts reflect a period of continuing development following the completion of the acquisition of 17 stores from Costa in 2022.

• In July 2025, the Group completed an acquisition which included a further 21 stores. In addition to this, there have been 2 further stores opened taking the total number of stores across the Sim Trava Group and its associated company to 80.

• The Directors have established an infrastructure to support the growth of the Group without significant requirement to increase the central administrative overhead despite the increased number of stores. The average central overhead per store will therefore reduce providing greater overall profitability.

• In July 2025, in support of this growth, the Group’s bankers agreed a new overall loan facility of £16.9m to consolidate the existing loans including £7.4m towards acquisitions and new store openings. The loans are amortised over an extended period of 10 years thereby reducing the cash flow burden on the business

• The Group have made all loan repayments in accordance with the terms of the loan agreements.

• The Directors maintain rolling cash flow forecasts taking account of these facilities and based on the current portfolio of Costa Coffee stores.

Based on these discussions, the Directors have updated their forecasts covering the period to 31st December 2026. On the basis of these forecasts, they consider that the Group can continue to operate within the facilities agreed with the bank and it is therefore appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of value added tax and trade discounts.

Turnover principally consists of the sale of food and beverages related to the Costa Coffee franchise. These are recognised at the point of which the goods and services are provided.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their

estimated useful lives, using the following methods:

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Cash and cash equivalents comprise cash at bank and in hand.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 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.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from then leased asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period in which they are incurred.

The preparation of the financial statements requires management to make judgements, estimate and assumptions the affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

The judgements (apart from those involving estimation) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statement are as follows:

Tangible fixed assets

The directors assess the useful lives of tangible fixed assets. Expenditure on property improvements and associated fixtures as part of an initial store opening have an useful estimated life of ten years in line with the length of the lease. Plant and equipment is depreciated over five years. Whilst a refurbishment of each store is required after five years, it is not known at the outset what items will be although typically this is mainly plant and equipment. Any assets which are purchased as part of a refurbishment and then are depreciated over a useful life of five years which is the length of time remaining on the lease at the refurbishment date. The directors are able to make an assessment of the value of old or existing store items replaced as part of a refurbishment using their day to day involvement and knowledge of the business.

Key source of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Accruals for lease Incentives

Incentives given at the point of signing lease are accounted for and released over the lease term under FRS 102 or to the rent review date pre FRS 102. The directors constantly monitor the situation to make sure that incentives are released correctly. If it subsequently transpires that a lease entered into after the date of transition is ended at the break clause date, the incentive release is adjusted accordingly.

The average monthly number of persons (including directors) employed by the company during the year was: 68

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The company is subject to an unlimited composite guarantee with its bankers. The guarantee secures the liabilities of Sim Trava Group Limited, Sim Trava Holdings Limited, Sim Trava Property Limited, Sim Trava Property Holdings Limited, Sim Trava Central Services Limited, Tilly's Coffee Limited, North West Coffee Limited, Sim Trava Limited, Sim Trava Coffee Limited, Sim Trava (North West) Limited and Sim Trava (North East) Limited. At 31 December 2023 the total amount of liabilities totalled £TBC (2023 - £9,721,971).

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Included within debtors are amounts owed from companies under common control amounting to £117,090 (2023: £886,082).

Included within creditors are amounts owed to companies under common control amounting to £53,898 (2023: £982,829).

The ultimate controlling parties are Mr S.M. Vardy and Mrs T.A. Vardy