Company No: 15778429 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.12.2024
		£		£
Fixed assets
Intangible assets	4	447,800		782,487
Tangible assets	5	37,444		100,294
		485,244		882,781
Current assets
Stocks		33,871		57,980
Debtors	6	173,257		237,445
Cash at bank and in hand		170,157		371,035
		377,285		666,460
Creditors: amounts falling due within one year	7	( 1,308,002)		( 763,200)
Net current liabilities		(930,717)		(96,740)
Total assets less current liabilities		(445,473)		786,041
Creditors: amounts falling due after more than one year	8	( 1,209,857)		( 723,328)
Net (liabilities)/assets		( 1,655,330)		62,713
Capital and reserves
Called-up share capital	9	1,000		1,000
Share premium account		504,949		504,949
Profit and loss account		( 2,161,279 )		( 443,236 )
Total shareholders' (deficit)/funds		( 1,655,330)		62,713

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Alpin Restaurant Ltd (registered number: 15778429) were approved and authorised for issue by the Director on 10 June 2026. They were signed on its behalf by:

Mr P M Reynolds Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Alpin Restaurant Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Other intangible assets	12 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

20 - 33 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

3. Employees

	Year ended 31.12.2025		Period from 14.06.2024 to 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	72		88

4. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 January 2025	9,000		800,000		809,000
Disposals	( 9,000)		( 294,000)		( 303,000)
At 31 December 2025	0		506,000		506,000
Accumulated amortisation
At 01 January 2025	375		26,138		26,513
Charge for the financial year	900		65,794		66,694
Disposals	( 1,275)		( 33,732)		( 35,007)
At 31 December 2025	0		58,200		58,200
Net book value
At 31 December 2025	0		447,800		447,800
At 31 December 2024	8,625		773,862		782,487

5. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	108,107		108,107
Additions	18,362		18,362
Disposals	( 78,653)		( 78,653)
At 31 December 2025	47,816		47,816
Accumulated depreciation
At 01 January 2025	7,813		7,813
Charge for the financial year	23,052		23,052
Disposals	( 20,493)		( 20,493)
At 31 December 2025	10,372		10,372
Net book value
At 31 December 2025	37,444		37,444
At 31 December 2024	100,294		100,294

6. Debtors

	31.12.2025		31.12.2024
	£		£
Other debtors	173,257		237,445

7. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Trade creditors	165,674		284,513
Amounts owed to connected companies	314,671		284,925
Other taxation and social security	108,830		104,808
Other creditors	718,827		88,954
	1,308,002		763,200

8. Creditors: amounts falling due after more than one year

	31.12.2025		31.12.2024
	£		£
Amounts owed to connected companies	1,209,857		723,328

9. Called-up share capital

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 0.10 each	1,000		1,000

10. Financial commitments

Commitments

	31.12.2025		31.12.2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	2,915,400		3,186,600

11. Related party transactions

Other related party transactions

	31.12.2025		31.12.2024
	£		£
Alpin Gastronomie GmbH	0		157,422
L’Osteria Finance GmbH	1,524,527		854,564

12. Events after the Balance Sheet date

The group has closed one of its sites permanently on 04 January 2026.