Registration number: 00557598

Lavval Restaurants Limited

(Registration number: 00557598)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	2	2
Tangible assets	6	629,852	694,330
Investments	7	1	1
		629,855	694,333
Current assets
Stocks	8	66,167	78,179
Debtors	9	309,409	305,986
Cash at bank and in hand		138,003	229,315
		513,579	613,480
Creditors: Amounts falling due within one year	10	(2,176,487)	(2,014,618)
Net current liabilities		(1,662,908)	(1,401,138)
Total assets less current liabilities		(1,033,053)	(706,805)
Creditors: Amounts falling due after more than one year	10	(75,000)	(175,000)
Net liabilities		(1,108,053)	(881,805)
Capital and reserves
Called up share capital	11	88,000	88,000
Other reserves		885	885
Profit and loss account		(1,196,938)	(970,690)
Shareholders' deficit		(1,108,053)	(881,805)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Lavval Restaurants Limited

(Registration number: 00557598)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

......................................... L Lavarini Company secretary and director

Lavval Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24 Cranbourn Street
London
WC2H 7AB
United Kingdom

These financial statements were authorised for issue by the Board on 17 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£), which is also the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Group accounts not prepared

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.

Going concern

Having considered the financial results, cash reserves and current forecasts, the directors believe the company will have adequate resources to continue in operational existence and meet its liabilities as they fall due for a period of at least twelve months from the date these financial statements are approved. Accordingly, the directors consider the going concern basis to be appropriate for preparing the financial statements.

Lavval Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 amounts 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 period.

Estimates and assumptions have been used for the calculation of the useful economic lives of goodwill, leasehold properties and fixtures, fittings and equipment, and provision of accruals. There were no estimates or assumptions that the directors deem to pose a significant risk of misstatement to the carrying amounts of assets and liabilities.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that the economic benefits will flow to the company.

Government grants

Grants are accounted under the accruals model permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

Exceptional expenses

Exceptional expenses are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

Tax

The current corporation 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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short-term leasehold property	over the period of the lease and 10% straight line on improvements
Furniture and fittings	10-33.33% straight line

Lavval Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangible assets	10% straight line

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Lavval Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 204 (2024 - 135).

Lavval Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Exceptional expenses

	2025 £	2024 £
External works recharged by landlord	-	83,680
Pre-opening costs	-	45,428
	-	129,108

Pre-opening costs are costs that were incurred during the closure period of a site undergoing preparation for opening. These comprise of rent, rates, electricity and other expenses which are ordinarily classified within cost of sales or as administrative expenses.

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	1,294,877	1,294,877
At 31 March 2025	1,294,877	1,294,877
Amortisation
At 1 April 2024	1,294,875	1,294,875
At 31 March 2025	1,294,875	1,294,875
Carrying amount
At 31 March 2025	2	2
At 31 March 2024	2	2

Lavval Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	943,544	5,184,555	6,128,099
Additions	-	24,162	24,162
Disposals	(478,964)	(1,239,768)	(1,718,732)
At 31 March 2025	464,580	3,968,949	4,433,529
Depreciation
At 1 April 2024	767,626	4,666,143	5,433,769
Charge for the year	22,506	66,134	88,640
Eliminated on disposal	(478,964)	(1,239,768)	(1,718,732)
At 31 March 2025	311,168	3,492,509	3,803,677
Carrying amount
At 31 March 2025	153,412	476,440	629,852
At 31 March 2024	175,918	518,412	694,330

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings, £Nil (2024 - £Nil) in respect of long leasehold land and buildings and £153,412 (2024 - £175,918) in respect of short leasehold land and buildings.
 

7	Investments

	2025 £	2024 £
Investments in subsidiaries	1	1