REGISTERED NUMBER: 09767528 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

SPM Restaurants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T L C Maher

S D O'Byrne

D J Anley

REGISTERED OFFICE:

9 Shaws Passage

Digbeth

Birmingham

West Midlands

B5 5JG

REGISTERED NUMBER:

09767528 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Property, plant and equipment

5

32,590

35,537

CURRENT ASSETS

Inventories

6

4,200

7,799

Debtors

7

65,324

51,658

Cash at bank

33,015

63,821

102,539

123,278

CREDITORS

Amounts falling due within one year

8

176,409

135,622

NET CURRENT LIABILITIES

(73,870

)

(12,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,280

)

23,193

CREDITORS

Amounts falling due after more than one year

9

48,066

62,683

NET LIABILITIES

(89,346

)

(39,490

)

CAPITAL AND RESERVES

Called up share capital

12

99

99

Retained earnings

(89,445

)

(39,589

)

SHAREHOLDERS' FUNDS

(89,346

)

(39,490

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

T L C Maher - Director

1.	STATUTORY INFORMATION

SPM 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.

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. There have been no material departures from this standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

At the balance sheet date the company had net current liabilities of £73,870, however the directors believe that the company will be able to meet its liabilities as they fall due and therefore feel it appropriate to draw up these financial statements on the going concern basis. These financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover

Turnover represents net invoiced sales of goods and services provided, excluding value added tax.

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

-

33.33% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Inventories 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 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

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.

Loans from directors

As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 21 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 October 2024

93,836

212,305

65,383

Additions

-

21,647

722

Disposals

(3,580

)

(3,624

)

(988

)

At 30 September 2025

90,256

230,328

65,117

DEPRECIATION

At 1 October 2024

93,836

188,429

56,234

Charge for year

-

18,576

4,609

Eliminated on disposal

(3,580

)

(3,161

)

(547

)

At 30 September 2025

90,256

203,844

60,296

NET BOOK VALUE

At 30 September 2025

-

26,484

4,821

At 30 September 2024

-

23,876

9,149

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2024

3,250

17,578

392,352

Additions

-

-

22,369

Disposals

-

(6,933

)

(15,125

)

At 30 September 2025

3,250

10,645

399,596

DEPRECIATION

At 1 October 2024

3,006

15,310

356,815

Charge for year

61

1,166

24,412

Eliminated on disposal

-

(6,933

)

(14,221

)

At 30 September 2025

3,067

9,543

367,006

NET BOOK VALUE

At 30 September 2025

183

1,102

32,590

At 30 September 2024

244

2,268

35,537

6.	INVENTORIES

30.9.25

30.9.24

£

£

Stocks

4,200

7,799

7.

DEBTORS

30.9.25

30.9.24

£

£

Amounts falling due within one year:

Trade debtors

290

-

Other debtors

42,714

29,695

Prepayments and accrued income

17,150

17,105

60,154

46,800

Amounts falling due after more than one year:

Other debtors

5,170

4,858

Aggregate amounts

65,324

51,658

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

14,616

14,616

Trade creditors

59,512

47,409

Tax

478

166

Social security and other taxes

78,939

49,435

Other creditors

1,624

2,283

Directors' current accounts

16,422

17,142

Accruals and deferred income

4,818

4,571

176,409

135,622

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

48,066

62,683

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due totalling £17,590 (2024 - £24,369).

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

62,682

77,299

HSBC Bank plc hold a fixed and floating charge over the property and undertaking of the company dated 11 June 2020.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

99

Ordinary

1

99

99

13.	CAPITAL COMMITMENTS

30.9.25

30.9.24

£

£

Contracted but not provided for in the

financial statements

-

-

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

T L C Maher

Balance outstanding at start of year

14,393

20,982

Amounts advanced

925

-

Amounts repaid

-

(6,589

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,318

14,393

The director's current account is unsecured and interest free with no specific repayment terms.

15.	RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms.