| Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| CLP London Limited |
| Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| CLP London Limited |
| CLP London Limited (Registered number: 14267781) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CLP London Limited |
| Company Information |
| for the Year Ended 31 December 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| 8-10 South Street |
| Epsom |
| Surrey |
| KT18 7PF |
| CLP London Limited (Registered number: 14267781) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 | 13,028,108 | 13,324,537 |
| CURRENT ASSETS |
| Stocks |
| Debtors: amounts falling due within one year | 6 |
| Debtors: amounts falling due after more than one year |
6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital contribution |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the director and authorised for issue on |
| CLP London Limited (Registered number: 14267781) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | STATUTORY INFORMATION |
| CLP London Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks 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. |
| CLP London Limited (Registered number: 14267781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Going concern |
| The company has made a loss to the 31st December 2025 and also has retained P&L losses at that date. These losses have been funded by its parent company who have capitalised the funds invested as a shareholder capital contribution reserve. |
| The parent company remains committed to giving the financial support required to allow the company to trade for 12 months from the date of approval of the financial statements and this support has been confirmed at the date the accounts were approved. |
| As a result, the accounts have been drawn up on a going concern basis which will continue to support it as required. |
| Tangible & intangible fixed assets |
| The company has not provided any depreciation or amortisation charges in these accounts on the costs incurred on the building works and licence fees for the new premises were not completed by year end. The charges commence in the year to December 2024 when the restaurant opened for business. |
| Right of use of assets |
| The company has chosen to adopt the practice set out in IFRS 16 within these accounts so as to recognise the use of the property lease together with the corresponding lease commitments for these rental payments in the future. The values included in the accounts are based on net present value calculations which are then adjusted by discount factors set by the directors. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| CLP London Limited (Registered number: 14267781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 January 2025 |
| and 31 December 2025 |
| AMORTISATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| The company has incurred costs in branding and trade marks during the period. These will be written off over their useful lives from 2024 onwards after the restaurant opened. |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2025 |
| Additions |
| At 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| The company has also early adopted IFRS16 accounting treatment on its property lease recorded within the short leasehold additions above and note 14 of these accounts. |
| CLP London Limited (Registered number: 14267781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under finance leases are as follows: |
| Land and |
| buildings |
| £ |
| COST |
| At 1 January 2025 |
| and 31 December 2025 | 6,977,562 |
| DEPRECIATION |
| At 1 January 2025 | 367,240 |
| Charge for year | 367,240 |
| At 31 December 2025 | 734,480 |
| NET BOOK VALUE |
| At 31 December 2025 | 6,243,082 |
| At 31 December 2024 | 6,610,322 |
| The company has adopted IFRS 16 to account for the right of use of its property asset and the leasing commitments are reflected in note 14 to the accounts. |
| 6. | DEBTORS |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Finance leases (see note 9) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Finance leases (see note 9) |
| CLP London Limited (Registered number: 14267781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Finance leases | 5,303,171 | 5,589,834 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under finance leases fall due as follows: |
| Finance leases |
| 2025 | 2024 |
| £ | £ |
| Gross obligations repayable: |
| Within one year |
| Between one and five years |
| In more than five years |
| Finance charges repayable: |
| Within one year |
| Between one and five years |
| In more than five years |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| In more than five years |
| During the year, the company recognised the use of the lease on its restaurant premises by calculating the net present value of the rents under this lease and also recognising the finance lease commitments of these rents as required bt IFRS 16. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary shares | 1 | 100 | 100 |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| CLP London Limited (Registered number: 14267781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 12. | POST BALANCE SHEET EVENTS |
| At the time the accounts were being approved, the company has entered into a Shareholder Contribution Agreement for further financial support of AED 6,400,000 being circa £1.3m. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is K1 Restaurant Holdings Limited. |