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REGISTERED NUMBER: 15746120 (England and Wales)

Unaudited Financial Statements

for the Period 28 May 2024 to 31 August 2025

for

Squalino Restaurants Ltd

Squalino Restaurants Ltd (Registered number: 15746120)

Contents of the Financial Statements

for the Period 28 May 2024 to 31 August 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Squalino Restaurants Ltd

Company Information

for the Period 28 May 2024 to 31 August 2025

| DIRECTOR: | Mr P A Benedetto

| REGISTERED OFFICE: | Lewis House

| Great Chesterford Court

| Great Chesterford

| Essex

| CB10 1PF

| REGISTERED NUMBER: | 15746120 (England and Wales)

Squalino Restaurants Ltd (Registered number: 15746120)

Balance Sheet

31 August 2025

| Notes | £ | £ |

| FIXED ASSETS

| Tangible assets | 5 | 30,551 |  |

| CURRENT ASSETS

| Stocks | 18,500 |  |  |

| Debtors | 6 | 25,499 |  |  |

| Cash at bank and in hand | 47,883 |  |  |

91,882 |  |

| CREDITORS

| Amounts falling due within one year | 7 | 205,330 |  |

| NET CURRENT LIABILITIES | (113,448 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | (82,897 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 100 |  |

| Retained earnings | (82,997 | ) |

(82,897 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Squalino Restaurants Ltd (Registered number: 15746120)

Balance Sheet - continued

31 August 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 director and authorised for issue on 22 December 2025 and were signed by:

Mr P A Benedetto - Director

Squalino Restaurants Ltd (Registered number: 15746120)

Notes to the Financial Statements

for the Period 28 May 2024 to 31 August 2025

1. | STATUTORY INFORMATION

| Squalino Restaurants Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Going concern

| The Company incurred a loss for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance

| Stocks

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

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

Squalino Restaurants Ltd (Registered number: 15746120)

Notes to the Financial Statements - continued

for the Period 28 May 2024 to 31 August 2025

3. | 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

| 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

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 31 .

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| Additions | 40,741 |  |

| At 31 August 2025 | 40,741 |  |

| DEPRECIATION

| Charge for period | 10,190 |  |

| At 31 August 2025 | 10,190 |  |

| NET BOOK VALUE

| At 31 August 2025 | 30,551 |  |

Squalino Restaurants Ltd (Registered number: 15746120)

Notes to the Financial Statements - continued

for the Period 28 May 2024 to 31 August 2025

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

£ |

| Trade debtors | 19,687 |  |

| Other debtors | 5,812 |  |

25,499 |  |

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

£ |

| Trade creditors | 45,981 |  |

| Taxation and social security | 25,890 |  |

| Other creditors | 133,459 |  |

205,330 |  |

| Other creditors disclosed above includes a balance of £50,202 in respect of accruals, a balance of £1,888 in respect of deferred income, a balance of £69,570 in respect of directors loan accounts, a balance of £3,150 in respect of customer deposits and a balance of £8,649 is respect of staff gratuities.

8. | LEASING AGREEMENTS

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

£ |

| Within one year | 75,000 |  |

| Between one and five years | 231,250 |  |

306,250 |  |