BRISTAL INVESTMENTS LIMITED

Registered number

04953192

DIRECTORS' REPORT AND FINANCIAL STATEMENT

FOR THE YEAR ENDED 30 September 2024

BRISTAL INVESTMENTS LIMITED
CONTENTS




Page

Company information	1
Statement of financial position	2
Statement of changes in equity	3
Notes to the financial statements	4-12

BRISTAL INVESTMENTS LIMITED

COMPANY INFORMATION

Directors

E P Aleo

K L Morgan

Independent auditors

Focus Somar Audit & Tax Accountants Ltd.

Apex House, Grand Arcade

Tally Ho Corner

London

N12 0EH

Accountants

BSO Fintax LTD

Spelthorne Business Hub

33 Hanworth Road

Sunbury

Surrey

TW16 5DA

Registered office

Islet Lodge

Islet Road

Maidenhead

Berkshire

SL6 8LE

Registered number

04953192

BRISTAL INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 September 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	5		32,000			15,333
Tangible assets	6		1,540,049			1,627,278
			1,572,049			1,642,611

Current assets
Stocks		28,800			26,400
Debtors	7	1,342,118			1,110,109
Cash at bank and in hand		43,434			109,727
		1,414,352			1,246,236

Creditors: amounts falling due within one year	8	(1,708,726)			(1,742,641)

Net current liabilities			(294,374)			(496,405)

Total assets less current liabilities			1,277,675			1,146,206

Creditors: amounts falling due after more than one year	9		(38,359)			(39,269)

Provisions for liabilities
Deferred taxation			(141,700)			(197,472)
Other provisions			(329,976)			(301,578)
			(471,676)			(499,050)

Net assets			767,640			607,887

Capital and reserves
Called up share capital			170			170
Profit and loss account			767,470			607,717

Total equity			767,640			607,887




E P Aleo
Director
Approved by the board on 14 November 2025

BRISTAL INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 September 2024

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 30 September 2022	170		-		-		547,556		547,726

Profit for the period							810,161		810,161

Dividends							(750,000)		(750,000)

At 30 September 2023	170		-		-		607,717		607,887



At 1 October 2023	170		-		-		607,717		607,887

Profit for the financial year							999,753		999,753

Dividends							(840,000)		(840,000)

At 30 September 2024	170		-		-		767,470		767,640

BRISTAL INVESTMENTS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 September 2024

1	General Information

	Bristal Investments Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The Company's functional and presentational currency is GBP (£).
2	Summary of significant accounting policies

2.1	Basis of preparation
	The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires the management to exercise judgement in applying the Company's accounting policies. (See Note 3) The following principal accounting policies have been applied:
2.2	Revenue
	Revenue represents income earned from the principal activity of the buisness, being franchise coffee shops. All revenue generated is recognised at the point of sale and measured at the fair value of the consideration received, excluding any discounts, value added tax and other sales taxes.

2.3	Operating Leases: the Company as lessee
	Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
2.4	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated amortisation and any accumulated impairment losses.
	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.
	Amortisation is calculated on a straight-line basis of over the estimated expected useful economic life of the Franchise License of 5 years.
2.5	Tangible fixed assets

	Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less therir residual value over their estimated useful lives, on a reducing balance and straight line basis. Depreciation is provided on the following basis:
	Leasehold land and buildings	Straight line basis over period of lease
	Plant and machinery	25% reducing balance
	Motor Vehicles	25% reducing balance
	Fixtures, fittings, tools & equipment	25% reducing balance

	Computer Equipment	25% reducing balance

	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.

2.6	Stocks
	Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7	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.

2.8	Current and deferred Taxation
	The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.9	Hire purchase and leasing commitments
	Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. The held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. 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.

2.10	Pensions
	Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions to a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held seperately from the Company in independently administered funds.
3	Judgements in applying accounting policies and key sources of estimation uncertainty
	The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the accounts reported. These estimates and judgements are continually reviewed and are based on experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimates) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements is the provision for dilapidation's. The directors have obtained a dilapidation assessment from a 3rd party expert on three different coffee shops and have applied an adjusted average cost per square metre across the remaining coffee shops.

4	Employees
	The average monthly number of employees, including directors, during the year was 149 (2023 - 150).

5	Intangible fixed assets
Patents
£

	Cost
	At 1 October 2023		178,172

	Additions		28,000

	At 30 September 2024		206,172

	Amortisation
	At 1 October 2023		162,839
	Provided during the year		11,333

	At 30 September 2024		174,172

	Carrying amount
	At 30 September 2024		32,000
	At 30 September 2023		15,333

BRISTAL INVESTMENTS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 September 2024




6	Tangible fixed assets
		Land and buildings		Plant and machinery		Fixtures, fittings, tools and equipment		Motor Vehicles		Computer Equipment		Total
		At cost		At cost		At cost		At cost		At cost
£			£		£		£		£		£
	Cost or valuation
	At 1 October 2023	1,268,528		1,058,909		2,031,056		84,587		6,300		4,449,380

	Additions	124,271		91,195		107,730		-		1,816		325,012
	Disposals	-		(7,412)		(28,088)		-		-		(35,500)

	At 30 September 2024	1,392,799		1,142,692		2,110,698		84,587		8,116		4,738,892

	Depreciation
	At 1 October 2023	632,003		754,360		1,419,610		11,703		4,426		2,822,102

	Charge for the year	119,059		93,769		174,501		18,221		620		406,170
	On disposals	-		(5,638)		(23,791)		-		-		(29,429)

	At 30 September 2024	751,062		842,491		1,570,320		29,924		5,046		3,198,843

	Carrying amount
	At 30 September 2024	641,737		300,201		540,378		54,663		3,070		1,540,049
	At 30 September 2023	636,525		304,549		611,446		72,884		1,874		1,627,278

BRISTAL INVESTMENTS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 September 2024



7	Debtors		2024		2023
£				£

	Trade debtors		10,010		12,533
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		960,749		726,038
	Other debtors		9,165		4,731
	Prepayments and accrued income		362,194		366,807
			1,342,118		1,110,109



8	Creditors: amounts falling due within one year		2024		2023
£				£

	Obligations under finance lease and hire purchase contracts		910		910
	Trade creditors		553,439		700,548
	Corporation tax		372,156		404,883
	Other taxes and social security costs		485,868		371,565
	Other creditors		14,353		37,437
	Accruals and deferred income		282,000		227,298
			1,708,726		1,742,641


9	Creditors: amounts falling due after one year		2024		2023
£				£

	Obligations under finance lease and hire purchase contracts		38,359		39,269
			38,359		39,269


10	Provisions for liabilities
					Dilapidation Provision
£
	At 1 October 2023				301,578
	Additional provisions made during the period				28,398

	At 30 September 2024				329,976



11	Commitments under operating leases

	At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
			2024		2023
£				£
Company				Company

	Not later than 1 year		637,736		570,350
	Later than 1 year and not later than 5 years		1,894,638		1,654,807
	Later than 5 years		766,883		849,892
			3,299,257		3,075,049

12	Related party transactions

	During the year advances were made of £8,542 and repayments of £10,536 with E Aleo & K Morgan. At 30 September 2024, an amount of £10,133, was owed by the company which has been included in other creditors. No interest has been charged on the loan account during the year (2023: £Nil).

13	Controlling party

	Leisure Inc (Knightsbridge) Limited, a company incorporated in the United Kingdom, is the parent company of the smallest group for which consolidated accounts are drawn up of which the company is a member. Their registered office is Islet Lodge, Islet Road, Maidenhead, Berkshire, England, SL6 8LE.
	14 November 2025	14 November 2025
14	Auditors' Information
	The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified. The audit report was signed on 14th November 2025 by Krishna Prasad Dahal FCCA (Senior Statutory Auditor) on behalf of Focus Somar Audit & Tax Accountants Ltd.