WARD RESTAURANTS GROUP LTD 31/12/2024 iXBRL

Company registration number: NI633094

WARD RESTAURANTS GROUP LTD

Unaudited filleted financial statements

31 December 2024

WARD RESTAURANTS GROUP LTD

Contents

Accountants' report

Statement of financial position

Notes to the financial statements

WARD RESTAURANTS GROUP LTD

Report to the director on the preparation of the

unaudited statutory financial statements of Ward Restaurants Group Limited

Period ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ward Restaurants Group Limited for the period ended 31 December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the director of Ward Restaurants Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ward Restaurants Group Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than its director as a body for our work or for this report.

It is your duty to ensure that Ward Restaurants Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ward Restaurants Group Limited. You consider that Ward Restaurants Group Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ward Restaurants Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Shriver Price & Co.

Chartered Accountants

49 Downshire Road

Newry

BT34 1BA

26 September 2025

WARD RESTAURANTS GROUP LTD

Statement of financial position

31 December 2024

		31/12/24		30/06/23
	Note	£	£	£	£

Fixed assets
Investments	5	19,059		19,059
		_________		_________
			19,059		19,059

Current assets
Debtors	6	5,323,818		5,203,033
Cash at bank and in hand		9,949		167,652
		_________		_________
		5,333,767		5,370,685
Creditors: amounts falling due
within one year	7	( 9,017)		( 6,782)
		_________		_________
Net current assets			5,324,750		5,363,903
			_________		_________
Total assets less current liabilities			5,343,809		5,382,962

			_________		_________
Net assets			5,343,809		5,382,962
			_________		_________

Capital and reserves
Called up share capital			400		400
Profit and loss account			5,343,409		5,382,562
			_________		_________
Shareholders funds			5,343,809		5,382,962
			_________		_________

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Justin Ward

Director

Company registration number: NI633094

WARD RESTAURANTS GROUP LTD

Notes to the financial statements

Period ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 49 Downshire Road, Newry, Co Down, BT34 1BA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 4 (2023: 4 ).

5. Investments

	Shares in group undertakings and participating interests	Other investments other than loans	Total
	£	£	£
Cost
At 1 July 2023 and 31 December 2024	297	18,762	19,059
	_______	_______	_______
Impairment
At 1 July 2023 and 31 December 2024	-	-	-
	_______	_______	_______
Carrying amount
At 31 December 2024	297	18,762	19,059
	_______	_______	_______
At 30 June 2023	297	18,762	19,059
	_______	_______	_______

6. Debtors

	31/12/24	30/06/23
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	5,211,819	4,706,425
Other debtors	111,999	496,608
	_________	_________
	5,323,818	5,203,033
	_________	_________

7. Creditors: amounts falling due within one year

	31/12/24	30/06/23
	£	£
Social security and other taxes	3,009	3,782
Other creditors	6,008	3,000
	_______	_______
	9,017	6,782
	_______	_______

8. Directors advances, credits and guarantees

	During the period the director entered into the following advances and credits with the company:

Period ended 31/12/24
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Justin Ward	50,885	44,440	95,325
		_______	_______	_______

Year ended 30/06/23
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Justin Ward	50,885	-	50,885
		_______	_______	_______

9. Related party transactions

During the period the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	Period	Year	Period	Year
	ended	ended	ended	ended
	31/12/24	30/06/23	31/12/24	30/06/23
	£	£	£	£
Eddies Restaurants Ltd	67,328	115,299	229,229	161,900
Ward Restaurants Ireland Ltd	50,215	1,000,000	4,078,991	4,028,776
Revington Foods Ltd	( 68,648)	21,892	181,088	249,736
Spoon Street Ltd	390,814	164,710	567,048	176,234
Ward Restaurant Properties Ltd	25,684	76,839	102,523	76,839
Shannagh Foods Ltd	-	12,940	12,940	12,940
JV Restaurants Ltd	( 1,208)	-	( 1,208)	-
Spoon Street Holdings Ltd	40,000	-	40,000	-
	_______	_______	_______	_______