Company registration number 10744971 (England and Wales)
PSG RESTAURANT GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
PSG RESTAURANT GROUP LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
Notes to the financial statements
2 - 5
PSG RESTAURANT GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,233,328
1,276,660
Investments
5
3
3
1,233,331
1,276,663
Current assets
Debtors
6
237,467
1,377,467
Cash at bank and in hand
8,315
121,060
245,782
1,498,527
Creditors: amounts falling due within one year
7
(72,176)
(1,503,160)
Net current assets/(liabilities)
173,606
(4,633)
Total assets less current liabilities
1,406,937
1,272,030
Creditors: amounts falling due after more than one year
8
(700,000)
(702,500)
Net assets
706,937
569,530
Capital and reserves
Called up share capital
6
6
Profit and loss reserves
706,931
569,524
Total equity
706,937
569,530

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 23 September 2025 and are signed on its behalf by:
F Pacelli
Director
Company Registration No. 10744971
PSG RESTAURANT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

PSG Restaurant Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Bonhill Street, London, EC2A 4DJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation 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:

Freehold land
not depreciated
Freehold building
over 30 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. 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.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PSG RESTAURANT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

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. It only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method less any impairment.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or the risks and rewards of ownership are transferred.

Basic financial Liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.7
Equity instruments

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.

1.8
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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.

If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

PSG RESTAURANT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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.

3
Employees

There were no employees during the year.

4
Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2024 and 30 April 2025
1,569,157
Depreciation and impairment
At 1 May 2024
292,497
Depreciation charged in the year
43,332
At 30 April 2025
335,829
Carrying amount
At 30 April 2025
1,233,328
At 30 April 2024
1,276,660

On the basis that the investment property is rented to a group undertaking, the directors have recognised the property as property, plant and equipment using the cost model.

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
3
3
PSG RESTAURANT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
237,467
1,377,467

7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
50,000
90,000
Corporation tax
12,137
-
0
Other creditors
10,039
1,413,160
72,176
1,503,160

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loan
700,000
702,500

The bank loan is secured by a fixed and floating charge over the freehold land and buildings and the assets of the company.

Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
512,500
342,500
9
Control

The company is controlled by the directors.

2025-04-30 2024-05-01 false false false 23 September 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity F Pacelli T Greenhill M A S C Stewart 0 10744971 2024-05-01 2025-04-30 10744971 2025-04-30 10744971 2024-04-30 10744971 core:LandBuildings 2025-04-30 10744971 core:LandBuildings 2024-04-30 10744971 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 10744971 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10744971 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 10744971 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 10744971 core:ShareCapital 2025-04-30 10744971 core:ShareCapital 2024-04-30 10744971 core:RetainedEarningsAccumulatedLosses 2025-04-30 10744971 core:RetainedEarningsAccumulatedLosses 2024-04-30 10744971 bus:Director1 2024-05-01 2025-04-30 10744971 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 10744971 core:LandBuildings 2024-04-30 10744971 core:LandBuildings 2024-05-01 2025-04-30 10744971 core:CurrentFinancialInstruments 2024-04-30 10744971 core:CurrentFinancialInstruments 2025-04-30 10744971 core:Non-currentFinancialInstruments 2025-04-30 10744971 core:Non-currentFinancialInstruments 2024-04-30 10744971 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10744971 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 10744971 bus:FRS102 2024-05-01 2025-04-30 10744971 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 10744971 bus:Director2 2024-05-01 2025-04-30 10744971 bus:Director3 2024-05-01 2025-04-30 10744971 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP