REGISTERED NUMBER: SC475654 (Scotland)

Golden Dragon Restaurant Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C C Chan

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

EH3 6AT

REGISTERED NUMBER:

SC475654 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland

206 Bruntsfield Place

Edinburgh

EH10 4DF

FIXED ASSETS

Tangible assets

4

27,037

42,506

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

5

8,973

12,744

Cash at bank and in hand

100,053

27,808

114,026

45,552

CREDITORS

Amounts falling due within one year

6

129,735

63,487

NET CURRENT LIABILITIES

(15,709

)

(17,935

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,328

24,571

CREDITORS

Amounts falling due after more than one year

7

(3,191

)

(20,355

)

PROVISIONS FOR LIABILITIES

(6,759

)

(3,305

)

NET ASSETS

1,378

911

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

1,348

881

SHAREHOLDERS' FUNDS

1,378

911

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

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

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 30 March 2026 and were signed by:

Mr C C Chan - Director

1.	STATUTORY INFORMATION

Golden Dragon Restaurant Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover and revenue recognition

Turnover, which represents of net invoiced sales of goods exclusive of VAT, is recognised at the point when a meal is served or delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

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

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are repayable on demand.

Taxation

Taxation for the year 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 year 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 or finance leases are capitalised in the balance sheet. Those 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.

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.

Provisions for liabilities

Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

65,702

Additions

259

At 31 December 2025

65,961

DEPRECIATION

At 1 January 2025

23,196

Charge for year

15,728

At 31 December 2025

38,924

NET BOOK VALUE

At 31 December 2025

27,037

At 31 December 2024

42,506

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

39,933

DEPRECIATION

At 1 January 2025

9,983

Charge for year

9,983

At 31 December 2025

19,966

NET BOOK VALUE

At 31 December 2025

19,967

At 31 December 2024

29,950

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

8,973

12,744

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,800

10,397

Hire purchase contracts (see note 8)

12,765

12,765

Trade creditors

2,513

3,305

Taxation and social security

29,616

19,255

Other creditors

56,041

17,765

129,735

63,487

The director's current account is unsecured, interest free and has no fixed repayment period.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

4,399

Hire purchase contracts (see note 8)

3,191

15,956

3,191

20,355

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

12,765

12,765

Between one and five years

3,191

15,956

15,956

28,721

The company has minimum lease payments under non-cancellable operating leases totalling £97,650 (2024: £107,500).

9.	RELATED PARTY DISCLOSURES

During the year, the director loaned £30,000 (2024: £3,389) to the company. The company paid expenses of £50 (2024: £nil) and repaid £30,000 (2024: £11,130) to the director. The amount outstanding at the year end was £42,837 (2024: £2,887) which includes £40,000 (2024: £nil) of unpaid dividends.

Dividends of £45,000 (2024: £nil) were declared to shareholders during the year.