REGISTERED NUMBER: 01334740 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Brooklands Restaurants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Kawaljit S Obhrai

REGISTERED OFFICE:

173 Cleveland Street

London

W1T 6QR

REGISTERED NUMBER:

01334740 (England and Wales)

ACCOUNTANTS:

Shah Dodhia & Co

173 Cleveland Street

London

W1T 6QR

FIXED ASSETS

Tangible assets

4

4,124,194

4,112,877

CURRENT ASSETS

Stocks

16,960

19,220

Debtors

5

908,410

999,599

Cash at bank and in hand

398,656

419,172

1,324,026

1,437,991

CREDITORS

Amounts falling due within one year

6

468,795

514,248

NET CURRENT ASSETS

855,231

923,743

TOTAL ASSETS LESS CURRENT LIABILITIES

4,979,425

5,036,620

CREDITORS

Amounts falling due after more than one year

7

(1,925,567

)

(1,984,075

)

PROVISIONS FOR LIABILITIES

(71,712

)

(61,080

)

NET ASSETS

2,982,146

2,991,465

CAPITAL AND RESERVES

Called up share capital

58,816

58,816

Revaluation reserve

723,679

723,679

Equity reserves

(16,884

)

(16,884

)

Retained earnings

2,216,535

2,225,854

SHAREHOLDERS' FUNDS

2,982,146

2,991,465

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

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

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 28 May 2026 and were signed by:

Kawaljit S Obhrai - Director

1.	STATUTORY INFORMATION

Brooklands 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.

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 presentation currency of these financial statements is sterling.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.

Going concern

The director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the company to continue as a going concern. On the basis of his assessment of the company's financial position, the director has a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable in respect of the provision of hotel accommodation and meals, exclusive of Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Over 15 - 50 years

Plant and machinery

-

Over 7 - 20 years

Fixtures and fittings

-

Over 4 - 7 years

Land included in Freehold Property is not depreciated.

Tangible assets are initially recorded at cost, and 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.

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

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks consists of raw materials and consumables and are valued at the lower of cost and net realisable value.

Taxation

Tax on the profit and loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case the deferred tax relating to those items is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Deferred tax

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investment in subsidiaries, to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

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.

Financial instruments

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition, debtors and creditors payable or receivable within one year are measured at the undiscounted amount of the cash expected to be paid or received, net of impairment losses in the case of debtors.

Interest-bearing borrowings classified as basic financial instruments

Borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2024 - 68 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 September 2024

4,234,167

1,076,903

1,833,516

7,144,586

Additions

-

212

123,658

123,870

At 31 August 2025

4,234,167

1,077,115

1,957,174

7,268,456

DEPRECIATION

At 1 September 2024

396,076

979,588

1,656,045

3,031,709

Charge for year

26,061

34,747

51,745

112,553

At 31 August 2025

422,137

1,014,335

1,707,790

3,144,262

NET BOOK VALUE

At 31 August 2025

3,812,030

62,780

249,384

4,124,194

At 31 August 2024

3,838,091

97,315

177,471

4,112,877

Tangible assets held at valuation

The hotel was professionally valued in January 2023 by Eddisons Commercial Ltd at £4 million in accordance with the RICS Valuation - Global Standards issued in November 2021and effective from January 2022 incorporating IVSC International Valuation Standards. The hotel is stated at this professional valuation together with additions at cost which the director considers to be the fair value of the hotel.

The historical cost of the hotel at 31 August 2025 was £3.58million (2024: £3.58million).

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

45,770

45,921

Amounts owed by group undertakings

3,242,762

2,345,229

Provision for amounts owed by

group undertakings

(2,444,734

)

(1,527,961

)

Other debtors

64,612

136,410

908,410

999,599

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

850,493

Provision for amounts owed by

group undertakings

-

(850,493

)

Aggregate amounts

908,410

999,599

The loan of £916,773 (2024: £850,493) owed by one of the intermediate parent undertakings is available at an average rate of finance to the group, plus a margin of 0.25% per annum. The loan is unsecured and available till August 2025. Terms of the loan were reviewed and extended for a further period of 3 years from 1 September 2025. A provision of £916,773 (2024: £850,493) has been made against this loan due to uncertainty regarding its recovery.

The loan of £2,325,989 (2024: £2,345,229) owed by another intermediate parent undertaking is an interest free loan repayable on demand. A provision of £1,527,961 (2024: £1,527,961) has been made against this loan due to uncertainty regarding its recovery.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

65,052

65,052

Trade creditors

103,817

173,118

Taxation and social security

111,568

97,709

Other creditors

188,358

178,369

468,795

514,248

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,925,567

1,984,075

The bank loan facility of £2.05m is available for 5 years from March 2024 at a fixed margin above the Bank of England Base Rate. The bank loan is secured by a first legal charge over the freehold land and buildings owned by the company and debenture and cross guarantee provided by certain group companies.

8.	RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of Brooklands Restaurants Holdings Limited, the company has taken advantage of the exemption contained in FRS 102.33 and has therefore not disclosed transactions on balances with entities which form part of the group headed by Chestnut Holdings Ltd.

The director confirms that there are no other related party transactions other than those disclosed in these financial statements.

9.	CONTROLLING PARTY

The immediate parent undertaking is Brooklands Restaurants Holdings Limited, a company incorporated in England and Wales.

The ultimate parent undertaking is Sycamore Ltd, a company registered in Isle of Man.

The ultimate controlling party is The Blue Waters Trust, a trust registered in Isle of Man.