Company registration number 16462736 (England and Wales)
LANE7 HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD 20 MAY 2025 TO 31 OCTOBER 2025
LANE7 HOLDINGS LIMITED
COMPANY INFORMATION
Director
Mr T J Wilks
(Appointed 20 May 2025)
Secretary
Mr D Bence
Company number
16462736
Registered office
70 Victoria Road
Darlington
County Durham
United Kingdom
DL1 5JG
Auditor
Azets Audit Services
Bede House
Belmont Business Park
DURHAM
United Kingdom
DH1 1TW
LANE7 HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1 - 3
Director's report
4 - 6
Independent auditor's report
7 - 9
Group income statement
10
Group statement of comprehensive income
11
Group balance sheet
12
Company balance sheet
13
Group statement of changes in equity
14
Company statement of changes in equity
15
Group statement of cash flows
16
Company statement of cash flows
17
Notes to the financial statements
18 - 39
LANE7 HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 1 -

The director presents the strategic report for the year ended 31 October 2025.

Summary

We strive to make every one of our sites a compelling and fun experience for all our repeat and new customers alike, where our experience and competitive offering, combined with an innovative approach to product design & content sets us apart from our competitors by:

- Ensuring the latest innovation in gaming products

- Providing our customers with the very best experience

- Providing the consistency of best value entertainment

With a proven track record since we launched our very first site in 2013, w e continue to successfully launch new and exciting entertainment venues including bowling, gaming, food & beverage.

Principal activities

The principal activity of the company and group continued to be that of bowling and hospitality venues.

Review of the business

This financial year has been about consolidation and building the foundations for the next phase of growth. We have expanded our executive team, further strengthened our senior management team, developed our strategy around the new site expansion pipeline and continued to improve our commercial operations to drive organic growth.

Principal risks and uncertainties

The director continues to have an optimistic view for the future based on a healthy pipeline for opening new sites across the UK and further afield across Western Europe.

A programme for Risk Assessment is carried out on at least an annual basis.

Development and performance

During the year, a group restructure was undertaken, merging together the various different brands to take strategic advantage of economies of scale. As part of that process, a larger debt facility was secured for the group to support the ongoing expansion plans.

We believe in strong customer engagement, working closely with our various teams to continuously develop and improve the overall customer experience from the point of booking onwards.

As part of this process, significant investment was made into the IT infrastructure including the upgrading of the website, booking systems and EPOS environment.

We continue to invest in the training of our staff alongside adding additional resources in strategic positions within the business. This coupled with the support of our loyal supply chain and strong balance sheet ensures we are best placed to deliver the level of planned business expansion.

Our people are our greatest asset. We are committed to and have a proactive approach in developing, supporting and training our staff, enabling them to fulfil their potential within a safe and stable working environment and we are continuously looking at ways to improve our staff engagement and retention levels.

LANE7 HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
Key performance indicators

Turnover, EBITDA and balance sheet net assets are our chosen key performance indicators.

| 2025 |  | 2024
| £'000 |  | £'000
Turnover | 51,311 |  | 36,897
EBITDA | 1 4,175 |  | 11,491
EBITDA % of turnover | 2 8% |  | 31%
Net assets | 20,738 |  | 16,377

Promoting the success of the Group

In accordance with the requirements of the Companies (Miscellaneous Reporting) Regulations 2018, we have set out how the directors have acted in a way that promotes the success of the Group for the benefit of its members as a whole, whilst having regard to the following matters set out in s.172(1) of the Act:

- the likely consequences of any decision in the long term.

- the interests of the Group's employees.

- the need to foster the Group's business relationships with suppliers, customers and others.

- the impact of the Group's operations on the community and the environment.

- the desire of the Group to maintain a reputation for high standards of business conduct; and

- the need to act fairly between members of the Group.

The director fulfil his duties to act in good faith to promote the success of the group through the Lane7's core values. At the core of these values is a commitment to excellence, with a focus on specialist skills, strong partner relationships and performance. The director and key management consider the impact on the interests of other stakeholders in the group whilst discharging these duties.

Engagement with our stakeholders underpins our values, which are embedded throughout our business and help to ensure we maintain high standards of business conduct. Engagement with our stakeholders supports the leadership team regarding the likely consequences of any decision in the long term.

Employees “Our Greatest Asset”

It is due to the hard work and commitment of our engaged employees that we are strong, both operationally and financially. It is of paramount importance that we are able to attract, recruit and retain the best people.

Engagement with our employees enables the leadership team to better understand the issues that are important to them. The director engage s with the team through leaders and an open-door policy promoting strong communication channels throughout the business. We encourage progression through business and achieve this through appropriate training and development including apprenticeships.

Customers

Customers are at the heart of everything we do, in serving our customers we want to provide both good value and a very positive experience. We work hard to enjoy healthy, trusting and mutually beneficial long-term relationships with our valued customers. We seek to identify opportunities that ensure the sustainability of our strategic partners and stakeholders.

Working with our Suppliers and Sub-Contractors

We recognise our suppliers and subcontractors are critical to the delivery of our strategic objectives and we seek to ensure they align with our values by investing in our relationships with them. We commit to honoring our agreements, including paying to the agreed terms. In line with our values, we look to maximise opportunities for suppliers to ensure their continued success and sustainability. The director value s the loyalty and commitment of our strategic suppliers.

Community and the Environment

We take our role within the community seriously and promote and encourage community and charity contributions. We also recognise the importance of our environmental responsibilities and have measures in place to monitor and control our impact on the environment and our compliance with regulatory environmental standards.

LANE7 HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -

On behalf of the board

Mr T J Wilks
Director
29 April 2026
LANE7 HOLDINGS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -

The director presents his annual report and financial statements for the year ended 31 October 2025.

Results and dividends

The results for the year are set out on page 10.

No ordinary dividends were paid. The director does not recommend payment of a further dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr T J Wilks
(Appointed 20 May 2025)
Financial instruments

The group manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the group has sufficient liquid resources to meet the operating needs of the business.

The director is satisfied that liquidity, cash flow, foreign currency and interest rate risks are being appropriately managed, with sufficient funding and controls in place to meet the group’s ongoing obligations.

Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The group's policy is to consult and discuss with employees, through staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

Post reporting date events

Since the balance sheet date, the group acquired the trade and assets of Par 59 as part of its strategic acquisitions pipeline.

Future developments

The group continues to focus on core estate like for like growth initiatives and the roll out of new sites with an extensive pipeline identified.

Auditor

The auditor, Azets, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Energy and carbon report

This report details Lane7’s Greenhouse Gas (GHG) emissions and energy use for the financial year 2025.

Lane7 has collated data relating to its scope 1, 2 and 3 emissions and energy use for activities over which it has financial control. All of the energy consumption and emissions reported here relates to UK activities only, with non-UK energy consumption omitted from this analysis in accordance with SECR legislation.

The table below summarises emissions and energy use:

LANE7 HOLDINGS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -
2025
2024
Energy consumption
kWh
kWh
Aggregate of energy consumption in the year
5,286,602
4,386,716
2025
2024
Emissions of CO2 equivalent
metric tonnes
metric tonnes
Scope 1 - direct emissions
- Gas combustion
20.40
16.70
- Fuel consumed for owned transport
-
-
20.40
16.70
Scope 2 - indirect emissions
- Electricity purchased
940.30
894.50
Scope 3 - other indirect emissions
- Fuel consumed for transport not owned by the group
13.00
11.80
Total gross emissions
973.70
923.00
Intensity ratio
Tonnes CO2e per £m revenue
21.1
22.4
Quantification and reporting methodology

Calculations have been made in line with HM Government Environmental Reporting Guidelines: including Streamlined Energy and Carbon Reporting Guidance March 2019. These guidelines are aligned to the GHG Protocol methodology to allow for aggregation and comparability across organisations, industries, both domestically and across jurisdictions.

Intensity measurement

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per £m revenue, the recommended ratio for the sector.

Measures taken to improve energy efficiency

We have installed smart meters across all sites and increased video conferencing technology for staff meetings to reduce the need for travel between sites. We have also installed solar panels at one of our sites and are actively looking across the rest of the estate for further opportunities.

LANE7 HOLDINGS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
Statement of director's responsibilities

The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
Mr T J Wilks
Director
29 April 2026
LANE7 HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LANE7 HOLDINGS LIMITED
- 7 -
Opinion

We have audited the financial statements of Lane7 Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 October 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the director's report have been prepared in accordance with applicable legal requirements.

LANE7 HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LANE7 HOLDINGS LIMITED
- 8 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the parent company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

LANE7 HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LANE7 HOLDINGS LIMITED
- 9 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Joanne Regan FCA (Senior Statutory Auditor)
For and on behalf of Azets Audit Services, Statutory Auditor
Chartered Accountants
Bede House
Belmont Business Park
DURHAM
DH1 1TW
29 April 2026
LANE7 HOLDINGS LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 10 -
2025
2024
Notes
£
£
Turnover
3
51,310,668
36,897,273
Cost of sales
(21,958,116)
(17,211,881)
Gross profit
29,352,552
19,685,392
Administrative expenses
(24,655,585)
(15,255,563)
Other operating income
1,613,358
2,028,483
Operating profit
4
6,310,325
6,458,312
Interest receivable and similar income
7
72,891
124,001
Interest payable and similar expenses
8
(636,773)
(427,879)
Profit before taxation
5,746,443
6,154,434
Tax on profit
9
(1,632,025)
(2,461,708)
Profit for the financial year
4,114,418
3,692,726
Profit for the financial year is all attributable to the owners of the parent company.
LANE7 HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2025
- 11 -
2025
2024
£
£
Profit for the year
4,114,418
3,692,726
Other comprehensive income
Currency translation loss taken to retained earnings
(180,788)
-
0
Total comprehensive income for the year
3,933,630
3,692,726
Total comprehensive income for the year is all attributable to the owners of the parent company.
LANE7 HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 12 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
10
9,220,565
9,394,824
Other intangible assets
10
269,885
207,014
Total intangible assets
9,490,450
9,601,838
Tangible assets
11
40,636,602
28,827,080
50,127,052
38,428,918
Current assets
Stocks
14
660,009
378,460
Debtors
15
8,144,156
9,364,670
Cash at bank and in hand
4,794,361
6,049,759
13,598,526
15,792,889
Creditors: amounts falling due within one year
16
(19,388,485)
(22,892,109)
Net current liabilities
(5,789,959)
(7,099,220)
Total assets less current liabilities
44,337,093
31,329,698
Creditors: amounts falling due after more than one year
17
(20,423,161)
(12,422,011)
Provisions for liabilities
Deferred tax liability
20
3,175,931
2,530,546
(3,175,931)
(2,530,546)
Net assets
20,738,001
16,377,141
Capital and reserves
Called up share capital
22
847
800
Share premium account
427,183
-
0
Other reserves
(199)
(199)
Profit and loss reserves
20,310,170
16,376,540
Total equity
20,738,001
16,377,141
The financial statements were approved by the board of directors and authorised for issue on 29 April 2026 and are signed on its behalf by:
29 April 2026
Mr T J Wilks
Director
Company registration number 16462736 (England and Wales)
LANE7 HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 31 OCTOBER 2025
31 October 2025
- 13 -
2025
Notes
£
£
Fixed assets
Investments
12
600
600
Current assets
Debtors
15
427,430
Net current assets
427,430
Net assets
428,030
Capital and reserves
Called up share capital
22
847
Share premium account
427,183
Total equity
428,030

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the period 20 May 2025 to 31 October 2025 was £nil.

The financial statements were approved by the board of directors and authorised for issue on 29 April 2026 and are signed on its behalf by:
29 April 2026
Mr T J Wilks
Director
Company registration number 16462736 (England and Wales)
LANE7 HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 14 -
Share capital
Share premium account
Merger reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 November 2023
800
-
0
(199)
12,683,814
12,684,415
Year ended 31 October 2024:
Profit and total comprehensive income
-
-
-
3,692,726
3,692,726
Balance at 31 October 2024
800
-
0
(199)
16,376,540
16,377,141
Year ended 31 October 2025:
Profit for the year
-
-
-
4,114,418
4,114,418
Other comprehensive income:
Currency translation differences
-
-
-
(180,788)
(180,788)
Total comprehensive income
-
-
-
3,933,630
3,933,630
Issue of share capital
22
847
-
0
-
-
847
Reduction of shares
22
(800)
-
-
-
(800)
Other movements
-
427,183
-
-
427,183
Balance at 31 October 2025
847
427,183
(199)
20,310,170
20,738,001
LANE7 HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 15 -
Share capital
Share premium account
Total
Notes
£
£
£
Balance at 1 November 2023
-
0
-
0
-
Year ended 31 October 2024:
Profit and total comprehensive income for the year
-
-
-
0
Balance at 31 October 2024
-
0
-
0
-
0
Year ended 31 October 2025:
Profit and total comprehensive income
-
-
-
0
Issue of share capital
22
1,647
-
0
1,647
Reduction of shares
22
(800)
-
(800)
Other movements
-
427,183
427,183
Balance at 31 October 2025
847
427,183
428,030
LANE7 HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 16 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
17,145,703
15,330,789
Interest paid
(636,773)
(427,879)
Income taxes paid
(1,897,434)
(1,124,551)
Net cash inflow from operating activities
14,611,496
13,778,359
Investing activities
Purchase of business
(907,899)
(1,520,429)
Purchase of intangible assets
(94,017)
(179,789)
Purchase of tangible fixed assets
(15,916,859)
(14,127,731)
Interest received
72,891
124,001
Net cash used in investing activities
(16,845,884)
(15,703,948)
Financing activities
Repayment of borrowings
(5,487,117)
-
Proceeds from new bank loans
6,500,000
4,000,000
Repayment of bank loans
(25,732)
(10,000)
Payment of finance leases obligations
(8,161)
-
Net cash generated from financing activities
978,990
3,990,000
Net (decrease)/increase in cash and cash equivalents
(1,255,398)
2,064,411
Cash and cash equivalents at beginning of year
6,049,759
3,985,348
Cash and cash equivalents at end of year
4,794,361
6,049,759
LANE7 HOLDINGS LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 17 -
2025
Notes
£
£
Cash flows from operating activities
Net increase in cash and cash equivalents
-
Cash and cash equivalents at beginning of year
-
0
Cash and cash equivalents at end of year
-
0
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 18 -
1
Accounting policies
Company information

Lane7 Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 70 Victoria Road, Darlington, Co Durham, United Kingdom, DL1 5JG.

The group consists of Lane7 Holdings Limited and all of its subsidiaries.

1.1
Reporting period

The financial statements of the company are prepared for the period from incorporation on 20 May 2025 to 31 October 2025. The group prepares consolidated accounts using the merger accounting basis and therefore prepares accounts to 31 October each year.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.4
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Lane7 Holdings Limited together with all entities controlled by the parent company (its subsidiaries).

All financial statements are made up to 31 October 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements using the merger accounting basis.

LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 19 -
1.5
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.6
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.7
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 7 to 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.8
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
5 years straight line
Patents & licences
5 - 20 years straight line
Artwork design
5 years straight line
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 20 -
1.9
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
15 - 20 years straight libe
Leasehold improvements
5 - 20 years straight line
Plant and equipment
5 years straight line
Fixtures and fittings
5 years straight line
Computers
5 years straight line
Motor vehicles
5 years straight line

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 recognised in the profit and loss account.

1.10
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.11
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 21 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.12
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated on goods for resale as the purchase price on the cost of the stock.

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.

1.13
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 current liabilities.

1.14
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 22 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.15
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.16
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 23 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.17
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

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

1.18
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.19
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 24 -
1.20
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.21

Landlord capital contributions

Where the group receives a capital contribution from a landlord in connection with leasehold improvements, the contribution is recognised in full as deferred income within other creditors. This treatment reflects the terms of the lease and the underlying substance of the arrangement, whereby the contribution represents a lease incentive. Deferred income is released to the profit and loss account on a straight‑line basis over the lease term, with the release credited against rent expense. The related leasehold improvements are capitalised at their full cost and depreciated over the shorter of their useful economic life or the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

Assessing indicators of impairment

In assessing whether there have been any indicators of impairment in assets, the director has considered both external and internal sources of information such as market conditions and experience of recoverability, There have been no indicators of impairment identified during the current financial year.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The company depreciates tangible fixed assets over their estimated useful lives. The estimation of useful lives is based on historic performance as well as expectations about future use and therefore requires estimates and assumptions to be applied by management.

The carrying amount of tangible fixed assets at the reporting date was £40,636,602 (2024 - £28,827,080).

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Bowling and games bars
51,310,668
36,897,273
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
3
Turnover and other revenue
(Continued)
- 25 -
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
46,105,560
36,713,439
Europe
5,205,108
183,834
51,310,668
36,897,273
2025
2024
£
£
Other revenue
Interest income
72,891
124,001
Other income
1,613,358
784,525
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange losses/(gains)
139
(130)
Depreciation of owned tangible fixed assets
4,675,170
3,079,949
Loss on disposal of tangible fixed assets
1,293
-
Amortisation of intangible assets
971,113
20,674
Operating lease charges
4,694,488
3,531,417
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
6,000
-
Audit of the financial statements of the company's subsidiaries
174,345
108,000
180,345
108,000
For other services
Taxation compliance services
29,938
14,250
Other taxation services
34,750
-
Services relating to corporate finance transactions
8,000
-
All other non-audit services
37,275
25,450
109,963
39,700
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 26 -
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Management
6
6
-
-
Operations
791
597
-
-
Total
797
603
0
0

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
13,308,740
9,733,748
-
0
-
0
Social security costs
1,104,199
664,793
-
-
Pension costs
158,281
109,804
-
0
-
0
14,571,220
10,508,345
-
0
-
0
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
67,226
112,035
Other interest income
5,665
11,966
Total income
72,891
124,001
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
67,226
112,035
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 27 -
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
561,271
339,143
Other interest on financial liabilities
-
25,900
561,271
365,043
Other finance costs:
Interest on finance leases and hire purchase contracts
3,402
-
Other interest
72,100
62,836
Total finance costs
636,773
427,879
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
933,655
1,075,659
Adjustments in respect of prior periods
53,744
87,284
Total current tax
987,399
1,162,943
Deferred tax
Origination and reversal of timing differences
644,626
632,318
Adjustment in respect of prior periods
-
0
666,447
Total deferred tax
644,626
1,298,765
Total tax charge
1,632,025
2,461,708
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
9
Taxation
(Continued)
- 28 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
5,746,443
6,154,434
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
1,436,611
1,538,609
Tax effect of expenses that are not deductible in determining taxable profit
10,522
1,866
Tax effect of income not taxable in determining taxable profit
(261)
(909)
Unutilised tax losses carried forward
-
0
163,209
Change in unrecognised deferred tax assets
(8)
-
0
Adjustments in respect of prior years
52,943
87,284
Depreciation on assets not qualifying for tax allowances
146,128
3,431
Amortisation on assets not qualifying for tax allowances
235,332
1,771
Other non-reversing timing differences
(207,414)
-
0
Effect of overseas tax rates
(41,828)
-
0
Deferred tax adjustments in respect of prior years
-
0
666,447
Taxation charge
1,632,025
2,461,708
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 29 -
10
Intangible fixed assets
Group
Goodwill
Software
Patents & licences
Artwork design
Total
£
£
£
£
£
Cost
At 1 November 2024
9,394,824
227,627
890
41,572
9,664,913
Additions - separately acquired
-
0
81,003
-
0
13,014
94,017
Additions - business combinations
765,708
-
0
-
0
-
0
765,708
At 31 October 2025
10,160,532
308,630
890
54,586
10,524,638
Amortisation and impairment
At 1 November 2024
-
0
50,441
297
12,337
63,075
Amortisation charged for the year
939,967
16,649
178
14,319
971,113
At 31 October 2025
939,967
67,090
475
26,656
1,034,188
Carrying amount
At 31 October 2025
9,220,565
241,540
415
27,930
9,490,450
At 31 October 2024
9,394,824
177,186
593
29,235
9,601,838
The company had no intangible fixed assets at 31 October 2025 or 31 October 2024.
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 30 -
11
Tangible fixed assets
Group
Leasehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 November 2024
1,926,879
18,759,547
14,616,519
1,991,644
283,728
59,072
37,637,389
Additions
157,312
11,603,364
3,727,597
286,473
142,113
-
0
15,916,859
Business combinations
-
0
428,864
61,790
78,472
-
0
-
0
569,126
Disposals
-
0
-
0
-
0
(1,700)
-
0
-
0
(1,700)
At 31 October 2025
2,084,191
30,791,775
18,405,906
2,354,889
425,841
59,072
54,121,674
Depreciation and impairment
At 1 November 2024
642,931
2,228,182
4,948,970
902,265
41,591
46,370
8,810,309
Depreciation charged in the year
111,903
1,428,496
2,745,418
327,356
57,483
4,514
4,675,170
Eliminated in respect of disposals
-
0
-
0
-
0
(407)
-
0
-
0
(407)
At 31 October 2025
754,834
3,656,678
7,694,388
1,229,214
99,074
50,884
13,485,072
Carrying amount
At 31 October 2025
1,329,357
27,135,097
10,711,518
1,125,675
326,767
8,188
40,636,602
At 31 October 2024
6,163,645
11,715,160
9,607,684
1,076,526
251,363
12,702
28,827,080
The company had no tangible fixed assets at 31 October 2025 or 31 October 2024.
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 31 -
12
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
13
-
0
-
0
600
-
0
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 November 2024
-
Additions
600
At 31 October 2025
600
Carrying amount
At 31 October 2025
600
At 31 October 2024
-
13
Subsidiaries

Details of the company's subsidiaries at 31 October 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Lane7 Ltd
70 Victoria Road, Darlington, United Kingdom, DL1 5JG
Ordinary
100.00
-
Lane7 Aberdeen Ltd
As above
Ordinary
0
100.00
Lane7 Arthur Ltd
As above
Ordinary
0
100.00
Lane7 Birmingham Ltd
As above
Ordinary
0
100.00
Lane7 Bristol Ltd
As above
Ordinary
0
100.00
Lane7 Leicester Ltd
As above
Ordinary
0
100.00
Lane7 Liverpool Ltd
As above
Ordinary
0
100.00
Lane7 Sheffield Ltd
As above
Ordinary
0
100.00
Pinpin Ltd
As above
Ordinary
0
100.00
Kavana Ltd
As above
Ordinary
0
100.00
Mr Midnight Ltd
As above
Ordinary
0
100.00
Lane7 A Ltd
As above
Ordinary
0
100.00
Lane7 B Ltd
As above
Ordinary
0
100.00
Lane7 C Ltd
As above
Ordinary
0
100.00
Lane7 D Ltd
As above
Ordinary
0
100.00
Lane7 E Ltd
As above
Ordinary
0
100.00
Lane7 F Ltd
As above
Ordinary
0
100.00
Lane7 G Ltd
As above
Ordinary
0
100.00
Lane7 H Ltd
As above
Ordinary
0
100.00
Lane7 I Ltd
As above
Ordinary
0
100.00
Lane7 J Ltd
As above
Ordinary
0
100.00
Lane7 K Ltd
As above
Ordinary
0
100.00
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
13
Subsidiaries
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
(Continued)
- 32 -
Lane7 L Ltd
As above
Ordinary
0
100.00
Lane7 M Ltd
As above
Ordinary
0
100.00
Lane7 N Ltd
As above
Ordinary
0
100.00
Lane7 O Ltd
As above
Ordinary
0
100.00
Lane7 P Ltd
As above
Ordinary
0
100.00
Lane7 Q Ltd
As above
Ordinary
0
100.00
Lane7 R Ltd
As above
Ordinary
0
100.00
Lane7 S Ltd
As above
Ordinary
0
100.00
Lane7 T Ltd
As above
Ordinary
0
100.00
Lane7 U Ltd
As above
Ordinary
0
100.00
Lane7 V Ltd
As above
Ordinary
0
100.00
Lane7 W Ltd
As above
Ordinary
0
100.00
Lane7 X Ltd
As above
Ordinary
0
100.00
Lane7 Y Ltd
As above
Ordinary
0
100.00
Lane7 Z Ltd
As above
Ordinary
0
100.00
Lane7 AA Ltd
As above
Ordinary
0
100.00
Lane7 Bowling Ltd
The Black Church, St Mary's Place, Dublin 7, Ireland, D07 P4AX
Ordinary
0
100.00
Lane7 Dublin (No. 2) Ltd
38 Upper Mount Street, Dublin 2, D02 PR89
Ordinary
0
100.00
Mitras F240 GmbH
Frankfurt am Main, Westendstrabe 28, 60325 Frankfurt am Main, Germany
Ordinary
0
100.00
Its All Food Group Ltd
c/o Azets Holdings Ltd, 1 Kings Inch Place, Renfrew, Scotland PA4 8WF
Ordinary
0
100.00
Gutterball Ltd
70 Victoria Road, Darlington, United Kingdom, DL1 5JG
Ordinary
100.00
-
Gutterball2 Ltd
As above
Ordinary
0
100.00
Gutterball3 Ltd
As above
Ordinary
0
100.00
Gutterball4 Ltd
As above
Ordinary
0
100.00
Gutterball5 Ltd
As above
Ordinary
0
100.00
Gutterball6 Ltd
As above
Ordinary
0
100.00
Gutterball7 Ltd
As above
Ordinary
0
100.00
Gutterball8 Ltd
As above
Ordinary
0
100.00
Gutterball9 Ltd
As above
Ordinary
0
100.00
Lane7 Durham Ltd
As above
Ordinary
0
100.00
Lane7 Properties Ltd
As above
Ordinary
0
100.00
Gutterball10 Ltd
As above
Ordinary
0
100.00
Gutterball11 Ltd
As above
Ordinary
0
100.00
Gutterball12 Ltd
As above
Ordinary
0
100.00
Gutterball13 Ltd
As above
Ordinary
0
100.00
Gutterball14 Ltd
As above
Ordinary
0
100.00
Gutterball15 Ltd
As above
Ordinary
0
100.00
Gutterball16 Ltd
As above
Ordinary
0
100.00
Gutterball17 Ltd
As above
Ordinary
0
100.00
Gutterball18 Ltd
As above
Ordinary
0
100.00
Gutterball19 Ltd
As above
Ordinary
0
100.00
Gutterball20 Ltd
As above
Ordinary
0
100.00
Lane7 HR Ltd
As above
Ordinary
100.00
-
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 33 -
14
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
660,009
378,460
-
0
-
0
15
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
383,051
1,342,662
-
0
-
0
Unpaid share capital
427,430
200
427,430
-
0
Corporation tax recoverable
616,404
451,494
-
0
-
0
Other debtors
4,154,300
5,418,602
-
0
-
0
Prepayments and accrued income
2,525,758
2,080,192
-
0
-
0
8,106,943
9,293,150
427,430
-
Amounts falling due after more than one year:
Deferred tax asset (note 20)
37,213
71,520
-
0
-
0
Total debtors
8,144,156
9,364,670
427,430
-
16
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
18
10,000
10,000
-
0
-
0
Obligations under finance leases
19
48,966
-
0
-
0
-
0
Other borrowings
18
5,244
-
0
-
0
-
0
Trade creditors
4,735,722
3,286,131
-
0
-
0
Corporation tax payable
580,233
1,271,675
-
0
-
0
Other taxation and social security
1,193,279
681,087
-
0
-
0
Other creditors
6,795,437
12,173,800
-
0
-
0
Accruals and deferred income
6,019,604
5,469,416
-
0
-
0
19,388,485
22,892,109
-
0
-
0

Borrowings of £54,210 (2024 - £nil) are secured on the assets to which they relate.

LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 34 -
17
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
18
13,021,518
6,325,788
-
0
-
0
Obligations under finance leases
19
79,659
-
0
-
0
-
0
Other borrowings
18
10,488
-
0
-
0
-
0
Other creditors
7,311,496
6,096,223
-
0
-
0
20,423,161
12,422,011
-
-

Borrowings of £90,147 (2024 - £nil) are secured on the assets to which they relate.

18
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
13,031,518
6,335,788
-
0
-
0
Other loans
15,732
-
0
-
0
-
0
13,047,250
6,335,788
-
-
Payable within one year
15,244
10,000
-
0
-
0
Payable after one year
13,032,006
6,325,788
-
0
-
0

Long-term loans of £13,037,250 (2024 - £6,315,778) are secured by fixed and floating charges over the assets of the group.

On 6 June 2025 the group consoldiated its original debt into a Revolving Credit Facility.

The credit facility is subject to monthly interest only payments with the full outstanding facility being due for repayment on 6 June 2028. The credit facility has an option to extend the termination date by 12 to 24 months.

Interest is calculated on a daily basis using the Sterling Overnight Index Average.

19
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
48,966
-
0
-
0
-
0
In two to five years
79,659
-
0
-
0
-
0
128,625
-
-
-
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
19
Finance lease obligations
(Continued)
- 35 -

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

20
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Group
£
£
£
£
Accelerated capital allowances
3,176,109
2,530,316
22,672
-
Other short term timing differences
(178)
230
14,541
71,520
3,175,931
2,530,546
37,213
71,520
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 November 2024
2,459,026
-
Charge to profit or loss
644,626
-
Other
35,066
-
Liability at 31 October 2025
3,138,718
-

The deferred tax asset s set out above are expected to reverse when the locations to which they relate begin operations and relates to the utilisation of tax losses against future expected profits of the same period.

T he deferred tax liabilit ies set out above are expected to reverse between 5 to 25 years and relate to accelerated capital allowances that are expected to mature within the same time frame.

21
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
158,281
109,804

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 36 -
22
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
-
800
-
800
A ordinary shares of 10p each
8,000
-
800
-
B ordinary shares of 10p each
470
-
47
-
8,470
800
847
-

A ordinary shares have full voting, dividend and other distribtuion rights. Each share is entitled to capital distributions limited to the available proceeds after allocation to the B ordinary shares as below.

B ordinary shares have no voting or distribution rights. Each share is entitled to 0.01% of the available proceeds as adjusted in accordance with the Articles of Association.

23
Acquisition of a business

On 27 August 2025 the group acquired 100% percent of the issued capital of Its All Food Group Limited.

Book Value
Adjustments
Fair Value
Net assets acquired
£
£
£
Tangible fixed assets
569,126
-
569,126
Trade and other receivables
3,972
-
3,972
Cash and cash equivalents
35,028
-
35,028
Borrowings
(16,606)
-
(16,606)
Obligations under finance leases
(136,786)
-
(136,786)
Trade and other payables
(87,453)
-
(87,453)
Tax liabilities
(53,683)
-
(53,683)
Deferred tax
(35,066)
-
(35,066)
Total identifiable net assets
278,532
-
278,532
Goodwill
760,863
Total consideration
1,039,395
The consideration was satisfied by:
£
Cash
954,251
Deferred consideration
85,144
1,039,395
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
23
Acquisition of a business
(Continued)
- 37 -
Contribution by the acquired business for the reporting period included in the group statement of comprehensive income since acquisition:
£
Turnover
-
Loss after tax
(58,435)
24
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
4,528,037
3,314,349
-
-
Between two and five years
18,833,276
15,885,653
-
-
In over five years
32,519,615
29,661,186
-
-
55,880,928
48,861,188
-
-
25
Capital commitments

Amounts contracted for but not provided in the financial statements:

Group
Company
2025
2024
2025
2024
£
£
£
£
Acquisition of intangible assets
-
10,892,804
-
-
26
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025
2024
£
£
Aggregate compensation
781,887
54,062
LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
26
Related party transactions
(Continued)
- 38 -
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Sales
Sales
2025
2024
£
£
Group
Other related parties
1,980,256
1,024,535
Rent payable
Staff costs
2025
2024
2025
2024
£
£
£
£
Group
Other related parties
386,733
429,852
19,890
-

The following amounts were outstanding at the reporting end date:

Amounts due to related parties
2025
2024
£
£
Group
Other related parties
2,124,489
1,552,382

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Group
Other related parties
2,952,140
3,699,797
Other information

The company had no transactions or balances with related parties.

27
Controlling party

The ultimate controlling party is Mr T Wilks by virtue of his majority controlling interest in the Group.

LANE7 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 39 -
28
Cash generated from group operations
2025
2024
£
£
Profit after taxation
4,114,418
3,692,726
Adjustments for:
Taxation charged
1,632,025
2,461,708
Finance costs
636,773
427,879
Investment income
(72,891)
(124,001)
Loss on disposal of tangible fixed assets
1,293
-
Amortisation and impairment of intangible assets
971,113
20,674
Depreciation and impairment of tangible fixed assets
4,675,170
3,079,949
Currency translation loss taken to retained earnings
(180,788)
-
Movements in working capital:
Increase in stocks
(281,549)
(122,707)
Decrease/(increase) in debtors
1,782,319
(2,795,194)
Increase in creditors
3,867,820
8,689,755
Cash generated from operations
17,145,703
15,330,789
29
Analysis of changes in net debt - group
1 November 2024
Cash flows
Other non-cash changes
31 October 2025
£
£
£
£
Cash at bank and in hand
6,049,759
(1,255,398)
-
4,794,361
Borrowings excluding overdrafts
(6,335,788)
(6,490,000)
(221,462)
(13,047,250)
Obligations under finance leases
-
8,161
(136,786)
(128,625)
(286,029)
(7,737,237)
(358,248)
(8,381,514)
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2025-10-31 16462736 core:Subsidiary4 4 2024-11-01 2025-10-31 16462736 core:Subsidiary5 5 2024-11-01 2025-10-31 16462736 core:Subsidiary6 6 2024-11-01 2025-10-31 16462736 core:Subsidiary7 7 2024-11-01 2025-10-31 16462736 core:Subsidiary8 8 2024-11-01 2025-10-31 16462736 core:Subsidiary9 9 2024-11-01 2025-10-31 16462736 core:Subsidiary10 10 2024-11-01 2025-10-31 16462736 core:Subsidiary11 11 2024-11-01 2025-10-31 16462736 core:Subsidiary12 12 2024-11-01 2025-10-31 16462736 core:Subsidiary13 13 2024-11-01 2025-10-31 16462736 core:Subsidiary14 14 2024-11-01 2025-10-31 16462736 core:Subsidiary15 15 2024-11-01 2025-10-31 16462736 core:Subsidiary16 16 2024-11-01 2025-10-31 16462736 core:Subsidiary17 17 2024-11-01 2025-10-31 16462736 core:Subsidiary18 18 2024-11-01 2025-10-31 16462736 core:Subsidiary19 19 2024-11-01 2025-10-31 16462736 core:Subsidiary20 20 2024-11-01 2025-10-31 16462736 core:Subsidiary21 21 2024-11-01 2025-10-31 16462736 core:Subsidiary22 22 2024-11-01 2025-10-31 16462736 core:Subsidiary23 23 2024-11-01 2025-10-31 16462736 core:Subsidiary24 24 2024-11-01 2025-10-31 16462736 core:Subsidiary25 25 2024-11-01 2025-10-31 16462736 core:Subsidiary26 26 2024-11-01 2025-10-31 16462736 core:Subsidiary27 27 2024-11-01 2025-10-31 16462736 core:Subsidiary28 28 2024-11-01 2025-10-31 16462736 core:Subsidiary29 29 2024-11-01 2025-10-31 16462736 core:Subsidiary30 30 2024-11-01 2025-10-31 16462736 core:Subsidiary31 31 2024-11-01 2025-10-31 16462736 core:Subsidiary32 32 2024-11-01 2025-10-31 16462736 core:Subsidiary33 33 2024-11-01 2025-10-31 16462736 core:Subsidiary34 34 2024-11-01 2025-10-31 16462736 core:Subsidiary35 35 2024-11-01 2025-10-31 16462736 core:Subsidiary36 36 2024-11-01 2025-10-31 16462736 core:Subsidiary37 37 2024-11-01 2025-10-31 16462736 core:Subsidiary38 38 2024-11-01 2025-10-31 16462736 core:Subsidiary39 39 2024-11-01 2025-10-31 16462736 core:Subsidiary40 40 2024-11-01 2025-10-31 16462736 core:Subsidiary41 41 2024-11-01 2025-10-31 16462736 core:Subsidiary42 42 2024-11-01 2025-10-31 16462736 core:Subsidiary43 43 2024-11-01 2025-10-31 16462736 core:Subsidiary44 44 2024-11-01 2025-10-31 16462736 core:Subsidiary45 45 2024-11-01 2025-10-31 16462736 core:Subsidiary46 46 2024-11-01 2025-10-31 16462736 core:Subsidiary47 47 2024-11-01 2025-10-31 16462736 core:Subsidiary48 48 2024-11-01 2025-10-31 16462736 core:Subsidiary49 49 2024-11-01 2025-10-31 16462736 core:Subsidiary50 50 2024-11-01 2025-10-31 16462736 core:Subsidiary51 51 2024-11-01 2025-10-31 16462736 core:Subsidiary52 52 2024-11-01 2025-10-31 16462736 core:Subsidiary53 53 2024-11-01 2025-10-31 16462736 core:Subsidiary54 54 2024-11-01 2025-10-31 16462736 core:Subsidiary55 55 2024-11-01 2025-10-31 16462736 core:Subsidiary56 56 2024-11-01 2025-10-31 16462736 core:Subsidiary57 57 2024-11-01 2025-10-31 16462736 core:Subsidiary58 58 2024-11-01 2025-10-31 16462736 core:Subsidiary59 59 2024-11-01 2025-10-31 16462736 core:Subsidiary60 60 2024-11-01 2025-10-31 16462736 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