IRIS Accounts Production v25.3.0.601 02069952 Board of Directors 29.1.24 26.1.25 26.1.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02069952 2024-01-28 02069952 2025-01-26 02069952 2024-01-29 2025-01-26 02069952 2023-01-29 02069952 2023-01-30 2024-01-28 02069952 2024-01-28 02069952 ns15:EnglandWales 2024-01-29 2025-01-26 02069952 ns14:PoundSterling 2024-01-29 2025-01-26 02069952 ns10:Director1 2024-01-29 2025-01-26 02069952 ns10:PrivateLimitedCompanyLtd 2024-01-29 2025-01-26 02069952 ns10:SmallEntities 2024-01-29 2025-01-26 02069952 ns10:AuditExemptWithAccountantsReport 2024-01-29 2025-01-26 02069952 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-29 2025-01-26 02069952 ns10:SmallCompaniesRegimeForAccounts 2024-01-29 2025-01-26 02069952 ns10:FullAccounts 2024-01-29 2025-01-26 02069952 ns10:OrdinaryShareClass1 2024-01-29 2025-01-26 02069952 ns10:Director2 2024-01-29 2025-01-26 02069952 ns10:RegisteredOffice 2024-01-29 2025-01-26 02069952 ns5:CurrentFinancialInstruments 2025-01-26 02069952 ns5:CurrentFinancialInstruments 2024-01-28 02069952 ns5:Non-currentFinancialInstruments 2025-01-26 02069952 ns5:Non-currentFinancialInstruments 2024-01-28 02069952 ns5:ShareCapital 2025-01-26 02069952 ns5:ShareCapital 2024-01-28 02069952 ns5:RevaluationReserve 2025-01-26 02069952 ns5:RevaluationReserve 2024-01-28 02069952 ns5:RetainedEarningsAccumulatedLosses 2025-01-26 02069952 ns5:RetainedEarningsAccumulatedLosses 2024-01-28 02069952 ns5:LandBuildings 2024-01-28 02069952 ns5:LeaseholdImprovements 2024-01-28 02069952 ns5:PlantMachinery 2024-01-28 02069952 ns5:LandBuildings 2024-01-29 2025-01-26 02069952 ns5:LeaseholdImprovements 2024-01-29 2025-01-26 02069952 ns5:PlantMachinery 2024-01-29 2025-01-26 02069952 ns5:LandBuildings 2025-01-26 02069952 ns5:LeaseholdImprovements 2025-01-26 02069952 ns5:PlantMachinery 2025-01-26 02069952 ns5:LandBuildings 2024-01-28 02069952 ns5:LeaseholdImprovements 2024-01-28 02069952 ns5:PlantMachinery 2024-01-28 02069952 ns5:FurnitureFittings 2024-01-28 02069952 ns5:MotorVehicles 2024-01-28 02069952 ns5:FurnitureFittings 2024-01-29 2025-01-26 02069952 ns5:MotorVehicles 2024-01-29 2025-01-26 02069952 ns5:FurnitureFittings 2025-01-26 02069952 ns5:MotorVehicles 2025-01-26 02069952 ns5:FurnitureFittings 2024-01-28 02069952 ns5:MotorVehicles 2024-01-28 02069952 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-26 02069952 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-28 02069952 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2025-01-26 02069952 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2024-01-28 02069952 ns5:WithinOneYear 2025-01-26 02069952 ns5:WithinOneYear 2024-01-28 02069952 ns5:Secured 2025-01-26 02069952 ns5:Secured 2024-01-28 02069952 ns10:OrdinaryShareClass1 2025-01-26 02069952 ns5:RevaluationReserve 2024-01-28

REGISTERED NUMBER: 02069952 (England and Wales)

| Unaudited Financial Statements |

| for the Period |

| 29 January 2024 to 26 January 2025 |

| for |

| Damon's Restaurants (UK) Limited |

| Damon's Restaurants (UK) Limited (Registered number: 02069952) |

Contents of the Financial Statements

for the Period 29 January 2024 to 26 January 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| Damon's Restaurants (UK) Limited |

Company Information

for the Period 29 January 2024 to 26 January 2025

| DIRECTORS: | J E Foulston

| S A Carey

| REGISTERED OFFICE: | 999 Doddington Road

| Lincoln

| Lincolnshire

| LN6 3SE

| REGISTERED NUMBER: | 02069952 (England and Wales)

| ACCOUNTANTS: | Wright Vigar Limited

| Chartered Accountants & Business Advisers

| 15 Newland

| Lincoln

| Lincolnshire

| LN1 1XG

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Damon's Restaurants (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Damon's Restaurants (UK) Limited for the period ended 26 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Damon's Restaurants (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Damon's Restaurants (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Damon's Restaurants (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Damon's Restaurants (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Damon's Restaurants (UK) 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 Damon's Restaurants (UK) Limited. You consider that Damon's Restaurants (UK) 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 Damon's Restaurants (UK) 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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

21 October 2025

| Damon's Restaurants (UK) Limited (Registered number: 02069952) |

Balance Sheet

26 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,227,674 |  | 2,270,899 |  |

CURRENT ASSETS

Stocks | 37,461 |  | 37,612 |  |

Debtors | 5 | 1,682,577 |  | 1,605,152 |  |

Cash at bank and in hand | 81,593 |  | 1,612 |  |

1,801,631 |  | 1,644,376 |  |

CREDITORS

Amounts falling due within one year | 6 | 4,022,602 |  | 2,934,469 |  |

NET CURRENT LIABILITIES | (2,220,971 | ) | (1,290,093 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,703 |  | 980,806 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (737,900 | ) |

PROVISIONS FOR LIABILITIES | - |  | (22,240 | ) |

NET ASSETS | 6,703 |  | 220,666 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1,000 |  | 1,000 |  |

Revaluation reserve | 11 | 196,007 |  | 196,007 |  |

Retained earnings | (190,304 | ) | 23,659 |  |

SHAREHOLDERS' FUNDS | 6,703 |  | 220,666 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| Damon's Restaurants (UK) Limited (Registered number: 02069952) |

Balance Sheet - continued

26 January 2025

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 Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

S A Carey - Director

| Damon's Restaurants (UK) Limited (Registered number: 02069952) |

Notes to the Financial Statements

for the Period 29 January 2024 to 26 January 2025

1. | STATUTORY INFORMATION

| Damon's Restaurants (UK) 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.

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 as modified by the revaluation of certain assets.

| At the year end the current liabilities of the company exceeded its current assets by £2,220,971 (2024: £1,290,093). After reviewing the company's forecasts and projections the directors are satisfied that the company has adequate resources to continue to operate for at least the next 12 months. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Turnover

| Turnover comprises revenue recognised by the company in respect of operating a restaurant, exclusive of Value Added Tax. Turnover is recognised at the point of sale on a daily basis.

| Tangible fixed assets

| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

| Freehold property |  | - |  | 2% straight line |  |

| Plant & machinery |  | - |  | 10 % reducing balance |  |

| Motor vehicles |  | - |  | 25 % reducing balance |  |

| Fixtures & fittings |  | - |  | 10% reducing balance |  |

| Land is not depreciated.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

| Financial instruments

| The Company only enters into basic financial instrument transactions 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 ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, 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.

| Damon's Restaurants (UK) Limited (Registered number: 02069952) |

Notes to the Financial Statements - continued

for the Period 29 January 2024 to 26 January 2025

2. | ACCOUNTING POLICIES - continued

| 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 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

| Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

| Pensions

| The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the period.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 100 (2024 - 100 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Land and |  | to |  | Plant and

| Buildings |  | property |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 29 January 2024 | 2,462,197 |  | - |  | 695,269 |  |

| Additions | - |  | 2,479 |  | 12,716 |  |

| Disposals | (23,813 | ) | - |  | - |  |

| At 26 January 2025 | 2,438,384 |  | 2,479 |  | 707,985 |  |

| DEPRECIATION

| At 29 January 2024 | 501,302 |  | - |  | 468,724 |  |

| Charge for period | 20,800 |  | - |  | 9,703 |  |

| At 26 January 2025 | 522,102 |  | - |  | 478,427 |  |

| NET BOOK VALUE

| At 26 January 2025 | 1,916,282 |  | 2,479 |  | 229,558 |  |

| At 28 January 2024 | 1,960,895 |  | - |  | 226,545 |  |

| Damon's Restaurants (UK) Limited (Registered number: 02069952) |

Notes to the Financial Statements - continued

for the Period 29 January 2024 to 26 January 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 29 January 2024 | 402,999 |  | 35,965 |  | 3,596,430 |  |

| Additions | - |  | - |  | 15,195 |  |

| Disposals | - |  | - |  | (23,813 | ) |

| At 26 January 2025 | 402,999 |  | 35,965 |  | 3,587,812 |  |

| DEPRECIATION

| At 29 January 2024 | 321,136 |  | 34,369 |  | 1,325,531 |  |

| Charge for period | 3,812 |  | 292 |  | 34,607 |  |

| At 26 January 2025 | 324,948 |  | 34,661 |  | 1,360,138 |  |

| NET BOOK VALUE

| At 26 January 2025 | 78,051 |  | 1,304 |  | 2,227,674 |  |

| At 28 January 2024 | 81,863 |  | 1,596 |  | 2,270,899 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 878,774 (2024 - £ 902,587 ) which is not depreciated.

| Analysis of the cost of freehold property using the deemed cost exemption:

|  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |

| Historical cost |  | 2,183,064 |  |  | 2,206,877 |

| Valuation |  | 255,320 |  |  | 255,320 |

| Deemed cost |  | 2,438,384 |  |  | 2,462,197 |

| In 2017, the property and related assets were valued by Davis Coffer Lyons (a RICS approved valuer). In their opinion, their valuation was lower than the deemed cost in the financial statements and therefore an impairment of £359,993 was made to the property and related assets to reflect this fact.

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 4,484 |  | - |  |

| Other debtors | 990,506 |  | 1,119,077 |  |

994,990 |  | 1,119,077 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 472,259 |  | 271,154 |  |

| Other debtors | 215,328 |  | 214,921 |  |

687,587 |  | 486,075 |  |

| Aggregate amounts | 1,682,577 |  | 1,605,152 |  |

| Damon's Restaurants (UK) Limited (Registered number: 02069952) |

Notes to the Financial Statements - continued

for the Period 29 January 2024 to 26 January 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 341,996 |  |

| Trade creditors | 229,713 |  | 223,863 |  |

| Amounts owed to group undertakings | 3,625,113 |  | 2,113,668 |  |

| Taxation and social security | 104,389 |  | 185,954 |  |

| Other creditors | 63,387 |  | 68,988 |  |

4,022,602 |  | 2,934,469 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 737,900 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | - |  | 603,500 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | - |  | 2,301 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdraft | - |  | 322,396 |  |

| Bank loans | - |  | 757,500 |  |

- |  | 1,079,896 |  |

| The bank loans are secured over the freehold property held within the company.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

| Damon's Restaurants (UK) Limited (Registered number: 02069952) |

Notes to the Financial Statements - continued

for the Period 29 January 2024 to 26 January 2025

11. | RESERVES

| Revaluation

| reserve

£ |

| At 29 January 2024

| and 26 January 2025 | 196,007 |  |

12. | CONTINGENT LIABILITIES

| The company is party to a bank cross guarantee and debenture with its fellow subsidiary undertakings, Damon's (Developments) Limited and Damon's Motel Limited together with it's parent undertaking Damon's (Holdings) Limited. The total bank borrowings outstanding to which this guarantee refers at 26 January 2025 amounted to (£1,488) (2024: £1,055,500).

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to the directors subsisted during the periods ended 26 January 2025 and 28 January 2024:

|  | 2025 |  |  | 2024 |  |

| J E Foulston |  | £ |  |  | £ |  |

| Balance outstanding at start of period |  | 1,056,947 |  |  | 1,064,810 |  |

| Amounts advanced |  | 205,122 |  |  | 192,137 |  |

| Amounts repaid |  | (340,000) |  |  | (200,000) |  |

| Amounts written off |  | - |  |  | - |  |

| Amounts waived |  | - |  |  | - |  |

| Balance outstanding at end of period |  | 922,069 |  |  | 1,056,947 |  |

| S A Carey |  |

| Balance outstanding at start of period |  | 15,911 |  |  | 13,739 |  |

| Amounts advanced |  | 1,207 |  |  | 2,172 |  |

| Amounts repaid |  | - |  |  | - |  |

| Amounts written off |  | - |  |  | - |  |

| Amounts waived |  | - |  |  | - |  |

| Balance outstanding at end of period |  | 17,118 |  |  | 15,911 |  |

| The amount outstanding is shown within other debtors.

14. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

| The ultimate parent undertaking is Damon's (Holdings) Limited.

| The ultimate controlling party is J E Foulston.