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Registered number:
FOR THE PERIOD ENDED 29 DECEMBER 2024
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SPLENDID RESTAURANTS (HARLAND) LIMITED
COMPANY INFORMATION
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SPLENDID RESTAURANTS (HARLAND) LIMITED
CONTENTS
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SPLENDID RESTAURANTS (HARLAND) LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 29 DECEMBER 2024
The directors present the Strategic Report for Splendid Restaurants (Harland) Limited (the 'Company') for the 53 week period ended 29 December 2024. The comparative period presented is for the 52 week period ended 24 December 2023.
The principal activity of the Company continued to be that of a Kentucky Fried Chicken ('KFC') franchisee.
The Company operates KFC stores in the North East and Midlands under franchise agreements with Kentucky Fried Chicken (Great Britain) Limited. The Company’s trading has continued to recover through the year as the high inflation and energy prices experienced in 2022 and 2023 abated, particularly in the second half of 2024.
The Company's average sales per week ('ASPW') decreased slightly in 2024 to £38,618 (24 December 2023: £39,600). Actual sales were £42,443,091 (24 December 2023: £43,177,267). The Company recorded an EBITDA (Earnings Before Interest, Tax, Depreciation, Amortisation and Exceptional Items) of £3,096,559 (24 December 2023: £1,195,520). The loss for the period after taxation was £1,477,169 (24 December 2023: £2,861,629).
The Quick Service Restaurant ('QSR') sector remains a competitive environment within a challenging UK economic climate. After a challenging couple of years, inflation has returned to more typical levels which has enabled the KFC stores to return to profitability in 2024. 2025 has started strongly with a strong sales performance and cost price inflation starting to stabilise. The directors will continue to liaise with the franchisor, assess and monitor the potential risks and impacts on the Company, and take mitigation measures to address challenges as appropriate.
Revenue: £42,443,091 (24 December 2023: £43,177,267)
Average Sales Per Week ('ASPW'): £38,618 (24 December 2023: £39,600) EBITDA: £3,096,559 (24 December 2023: £1,195,520)
The directors do not consider it necessary to monitor any non-financial performance indicators in measuring the performance of the company.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
Section 172 of the Companies Act 2006 require a director of a company to act in the way he or she considers, in good faith, would most likely promote the success of the Company for the benefit of its members as a whole. In doing this, section 172 (1) (a) - (f) requires a director to have regard, amongst other matters, to the:
∙likely consequences of any decisions in the long term;
∙interest of the Company's employees;
∙need to foster the Company’s business relationships with suppliers, customers and others:
∙impact of the Company's operations on the community and environment;
∙desirability of the Company maintaining a reputation for high standards of business conduct; and
∙need to act fairly as between members of the Company.
In discharging our section 172 duties, we have regard to factors as set out above. We also have regard to other factors which we consider relevant to the decisions to be made. We acknowledge that every decision we make will not necessarily result in positive outcomes for all our stakeholders. By considering the Company's purpose, vision and values, together with its strategic priorities and having a process in place for decision making, we aim to make sure that our decisions are consistent and predictable.
Compliance with section 172 is reviewed at a group level. Details of compliance and examples during the period, including those that pertain to the Company, have therefore been outlined in the consolidated financial statements of the ultimate parent company Splendid Holdings Ltd.
This report was approved by the board and signed on its behalf.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 29 DECEMBER 2024
The directors present their report and the financial statements for the period ended 29 December 2024.
The loss for the period, after taxation, amounted to £1,477,169 (24 December 2023: loss of £2,861,629).
No dividends were paid in the period (24 December 2023: £Nil). The directors do not recommend the payment of any final dividends.
The Company recorded an EBITDA of £3,096,559 (24 December 2023: £1,195,520). The directors have chosen to disclose the adjusted unaudited EBITDA within the Strategic Report and Directors' Report and on the Statement of Comprehensive Income. This is because, in the directors’ view, EBITDA reflects the underlying operating cash generation, by eliminating interest, tax, depreciation, amortisation and exceptional items, and the directors consider EBITDA to be a useful measure of the Company's operating performance. Since this is a non-UK GAAP measure, it may not be directly comparable to the EBITDA of other companies, as they may define it differently.
The directors who served during the period were:
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 29 DECEMBER 2024
The directors consider the involvement of employees is important to the success of the Company. Employees are regularly informed of the Company’s performance and progress at both formal and informal meetings.
As an equal opportunity employer, it is the Company's policy to give full and fair consideration to every application for employment from disabled persons, bearing in mind the abilities and aptitudes of the applicants in relation to available vacancies. Where existing employees become disabled, their services will be retained wherever practicable.
The Company continues to focus on driving ASPW and EBITDA through its existing outlets, whilst developing new stores and exiting loss making sites in line with its profitable growth strategy.
Matters pertaining to the Streamlined Energy and Carbon Reporting ('SECR') framework have been included in the consolidated financial statements of the Company's ultimate parent company. The Company has therefore taken the exemption afforded by the SECR framework to not disclose this information in its own financial statements.
On 26 August 2025 the existing facility commitments were fully repaid and a new facility agreement of £24.9m entered into. Further to this, the group has access to a revolving credit facility of £7m.
On 2 September 2025, Shiraz Boghani gifted his ownership interests in the ultimate parent company to Nadeem Boghani and the Boghani Family Trust. From this date, the ultimate parent company is jointly controlled by Nadeem Boghani and the trustees of the Boghani Family Trust.
HaysMac LLP were appointed as auditor to the Company in the period in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SPLENDID RESTAURANTS (HARLAND) LIMITED
We have audited the financial statements of Splendid Restaurants (Harland) Limited (the 'Company') for the period ended 29 December 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SPLENDID RESTAURANTS (HARLAND) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SPLENDID RESTAURANTS (HARLAND) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to the food industry, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, corporation tax, and VAT. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included:
∙inspecting correspondence with regulators. and tax authorities;
∙discussions with management including consideration of known or suspected instances of non-compliance
with laws and regulation and fraud;
∙evaluating management's controls designed to prevent and detect irregularities;
∙identifying and testing journals, selecting journals for testing based on our fraud risk assessment; and
∙challenging assumptions and judgements made by management in their critical accounting estimates.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SPLENDID RESTAURANTS (HARLAND) LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditors
10 Queen Street Place
EC4R 1AG
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SPLENDID RESTAURANTS (HARLAND) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 29 DECEMBER 2024
Non-GAAP measure:
Earnings before interest, tax, depreciation, amortisation and exceptional items ('EBITDA') for the period ended 29 December 2024:
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SPLENDID RESTAURANTS (HARLAND) LIMITED
REGISTERED NUMBER: 10692934
STATEMENT OF FINANCIAL POSITION
AS AT 29 DECEMBER 2024
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SPLENDID RESTAURANTS (HARLAND) LIMITED
REGISTERED NUMBER: 10692934
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 28 form part of these financial statements.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 29 DECEMBER 2024
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
Splendid Restaurants (Harland) Ltd is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 10692934 and registered office address is 2 Regal Way, Watford, England, WD24 4YJ.
The Company's principal activity is disclosed in the Strategic Report.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Splendid Holdings Ltd as at 29 December 2024 and these financial statements may be obtained from Companies House.
The Company's financial statements have been prepared on a going concern basis. The Company had net liabilities of £10,122,728 (24 December 2023: £8,645,559) at the reporting date. This is primarily due to amounts owed to group undertakings of £20.3mil (24 December 2023: £22.6mil) which is included in amounts falling due within one year.
The directors have reviewed forecasts for the Company over a period of at least 12 months from the date of signing of these financial statements and as part of this, have considered the trading and cash flow forecasts.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
2.Accounting policies (continued)
The Company has an irrevocable undertaking from the ultimate shareholder to provide funds within 5 working days of demand to the relevant member of the group which are sufficient to obtain and immediate waiver of any covenant breach should they occur. In circumstances where no waiver is available, the ultimate shareholder would provide funds to the appropriate member of the group which are sufficient to repay all of the loans drawn down under the facility. As such, the directors have concluded that the Company will have sufficient liquidity and have the support of the ultimate shareholder for a period of at least 12 months from the date of signing of these financial statements.
Having assessed the Company's principal risks, and having regard for the above, the directors have concluded that the Company is able to continue as a going concern for a period of at least 12 months from the date these financial statements have been issued.
Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of Financial Position 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.
Basic financial assets
Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
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 the deduction of all its liabilities.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
2.Accounting policies (continued)
Basic financial liabilities, which include trade and other creditors and amounts owed to group undertakings are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Impairment of fixed assets The Company tests annually whether goodwill and other non current assets have suffered any impairment in accordance with the accounting policy for impairment. Management make judgements in respect to the future profitability of each individual restaurant to assess the value in use against the carrying value of assets allocated to that restaurant.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
Page 20
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
Page 21
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
Page 22
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
Page 23
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
Page 24
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
Page 25
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
16.Deferred taxation (continued)
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
Profit and loss account
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £140,147 (24 December 2023: £133,569). Contributions payable to the fund at the reporting date totalled £25,509 (24 December 2023: £78,599) and are included within other creditors.
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SPLENDID RESTAURANTS (HARLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024
The Company's immediate parent company is Splendid Restaurants (Colonel) Limited.
The smallest group in which the results of the Company are consolidated is headed by Splendid Real Estate Limited and the largest group in which the results of the Company are consolidated is headed by Splendid Holdings Ltd. The consolidated financial statements of Splendid Holdings Ltd are available from Companies House. On 2 September 2025, Shiraz Boghani gifted his ownership interests in the ultimate parent company to Nadeem Boghani and the Boghani Family Trust. From this date, the ultimate parent company is jointly controlled by Nadeem Boghani and the trustees of the Boghani Family Trust.
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