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REGISTERED NUMBER: SC326393 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Rathbone Restaurants Limited

| Rathbone Restaurants Limited (Registered number: SC326393) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountant's Report | 9 |

| Rathbone Restaurants Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | Mrs H McGrath

| J Mullen

| REGISTERED OFFICE: | Unit 14

| South Park Industrial Estate

| Peebles

| Borders

| EH45 9ED

| REGISTERED NUMBER: | SC326393 (Scotland)

| ACCOUNTANT: | Gall Robertson CA

| Tweedside Park

| Tweedbank

| Galashiels

| Selkirkshire

| TD1 3TE

| Rathbone Restaurants Limited (Registered number: SC326393) |

Balance Sheet

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 34,557 |  | 23,299 |  |

Investment property | 5 | - |  | 185,000 |  |

34,557 |  | 208,299 |  |

CURRENT ASSETS

Stocks | 8,000 |  | 4,950 |  |

Debtors | 6 | 5,044 |  | 2,383 |  |

Prepayments and accrued income | 1,141 |  | 1,148 |  |

Cash at bank | 31,302 |  | 21,085 |  |

45,487 |  | 29,566 |  |

CREDITORS

Amounts falling due within one year | 7 | 127,320 |  | 257,299 |  |

NET CURRENT LIABILITIES | (81,833 | ) | (227,733 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (47,276 | ) | (19,434 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (5,504 | ) |

PROVISIONS FOR LIABILITIES | (6,566 | ) | (4,660 | ) |

ACCRUALS AND DEFERRED INCOME | (2,289 | ) | (2,111 | ) |

NET LIABILITIES | (56,131 | ) | (31,709 | ) |

CAPITAL AND RESERVES

Called up share capital | 4 |  | 4 |  |

Retained earnings | (56,135 | ) | (31,713 | ) |

(56,131 | ) | (31,709 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

| Rathbone Restaurants Limited (Registered number: SC326393) |

Balance Sheet - continued

30 November 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 Board of Directors and authorised for issue on 16 May 2026 and were signed on its behalf by:

Mrs H McGrath - Director

| Rathbone Restaurants Limited (Registered number: SC326393) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Rathbone Restaurants 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.

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

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.

| Going Concern

| The directors have assessed a period of 12 months from the date of approval of the financial statements and consider that no material uncertainties exist that cast significant doubt about the ability of the company to continue as a going concern. Thus the directors adopt the going concern basis of accounting in preparing the financial statements.

| Revenue

| Revenue is measured at the fair value of the consideration received or receivable from (goods supplied and services rendered), net of discounts and Value Added Tax.

| Revenue from the above streams is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Rathbone Restaurants Limited (Registered number: SC326393) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 20% on cost

| Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

| Impairment

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities including trade creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Rathbone Restaurants Limited (Registered number: SC326393) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 10 ) .

| Rathbone Restaurants Limited (Registered number: SC326393) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 December 2024 | 16,336 |  | 92,045 |  | 51,955 |  | 1,838 |  | 162,174 |  |

| Additions | 8,281 |  | 18,179 |  | - |  | - |  | 26,460 |  |

| At 30 November 2025 | 24,617 |  | 110,224 |  | 51,955 |  | 1,838 |  | 188,634 |  |

| DEPRECIATION

| At 1 December 2024 | 7,286 |  | 84,902 |  | 45,863 |  | 824 |  | 138,875 |  |

| Charge for year | 4,097 |  | 4,646 |  | 6,092 |  | 367 |  | 15,202 |  |

| At 30 November 2025 | 11,383 |  | 89,548 |  | 51,955 |  | 1,191 |  | 154,077 |  |

| NET BOOK VALUE

| At 30 November 2025 | 13,234 |  | 20,676 |  | - |  | 647 |  | 34,557 |  |

| At 30 November 2024 | 9,050 |  | 7,143 |  | 6,092 |  | 1,014 |  | 23,299 |  |

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

| Fixtures

| and

| fittings

£ |

| COST

| Additions | 18,179 |  |

| At 30 November 2025 | 18,179 |  |

| DEPRECIATION

| Charge for year | 1,215 |  |

| At 30 November 2025 | 1,215 |  |

| NET BOOK VALUE

| At 30 November 2025 | 16,964 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 December 2024 | 185,000 |  |

| Disposals | (185,000 | ) |

| At 30 November 2025 | - |  |

| NET BOOK VALUE

| At 30 November 2025 | - |  |

| At 30 November 2024 | 185,000 |  |

| Rathbone Restaurants Limited (Registered number: SC326393) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade debtors | 2,815 |  | 416 |  |

| Other debtors | 2,229 |  | 1,967 |  |

5,044 |  | 2,383 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans and overdrafts | 5,251 |  | 10,074 |  |

| Hire purchase contracts | 10,312 |  | - |  |

| Trade creditors | 7,813 |  | 12,023 |  |

| Taxation and social security | 679 |  | 1,837 |  |

| Other creditors | 103,265 |  | 233,365 |  |

127,320 |  | 257,299 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans | - |  | 5,504 |  |

9. | OTHER FINANCIAL COMMITMENTS

| The company rents industrial premises from Scottish Borders Council. There is a 12 month rolling agreement in place and the value of outstanding payments at the year end was £3,450 (2024: £2,116).

Chartered Accountant's Report to the Board of Directors

on the Unaudited Financial Statements of

Rathbone Restaurants Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Rathbone Restaurants Limited for the year ended 30 November 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of ICAS, I am subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Rathbone Restaurants Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Rathbone Restaurants Limited and state those matters that I have agreed to state to the Board of Directors of Rathbone Restaurants Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Rathbone Restaurants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rathbone Restaurants Limited. You consider that Rathbone Restaurants Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Rathbone Restaurants Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Gall Robertson CA

Tweedside Park

Tweedbank

Galashiels

Selkirkshire

TD1 3TE

18 May 2026