REGISTERED NUMBER: 15282689 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 NOVEMBER 2023 TO 31 DECEMBER 2024

FOR

MLA RESTAURANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M S Robinson

L B Creedon

REGISTERED OFFICE:

Church House

1 Hanover Street

Liverpool

L1 3DN

REGISTERED NUMBER:

15282689 (England and Wales)

ACCOUNTANTS:

Additions

Chartered Accountants

One Derby Square

Liverpool

L2 9QR

FIXED ASSETS

Intangible assets

4

1,549,624

Tangible assets

5

257,882

1,807,506

CURRENT ASSETS

Stocks

37,039

Debtors

6

462,365

Cash at bank and in hand

572,434

1,071,838

CREDITORS

Amounts falling due within one year

7

2,638,219

NET CURRENT LIABILITIES

(1,566,381

)

TOTAL ASSETS LESS CURRENT LIABILITIES

241,125

PROVISIONS FOR LIABILITIES

26,240

NET ASSETS

214,885

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

214,884

214,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

M S Robinson - Director

1.	STATUTORY INFORMATION

MLA Restaurants 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.

Going concern

On the basis of current financial projections and facilities available to the company the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they consider that it is appropriate to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

Straight line over 10 years

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 5 years

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Leasing commitments

Operating lease payments are recognised as an expense over the lease term on a straight line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term on a straight line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 79 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

1,624,050

At 31 December 2024

1,624,050

AMORTISATION

Amortisation for period

74,426

At 31 December 2024

74,426

NET BOOK VALUE

At 31 December 2024

1,549,624

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

Totals

£

£

£

£

COST

Additions

127,530

63,408

106,438

297,376

At 31 December 2024

127,530

63,408

106,438

297,376

DEPRECIATION

Charge for period

16,780

11,952

10,762

39,494

At 31 December 2024

16,780

11,952

10,762

39,494

NET BOOK VALUE

At 31 December 2024

110,750

51,456

95,676

257,882

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

266,008

Other debtors

196,357

462,365

Amounts owed by group undertakings are unsecured, interest free, and have no fixed date of repayment.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

175,777

Amounts owed to group undertakings

1,958,208

Taxation and social security

376,018

Other creditors

128,216

2,638,219

Amounts owed to group undertakings are unsecured, interest free, and have no fixed date of repayment.

8.	LEASING AGREEMENTS

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

£

Within one year

159,245

Between one and five years

636,980

In more than five years

897,515

1,693,740

9.	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.