REGISTERED NUMBER: 03148178 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Promenade Restaurants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Hynd

D P Hynd

SECRETARY:

D P Hynd

REGISTERED OFFICE:

2nd Floor

2 Queen Square

Liverpool

Merseyside

L1 1RH

REGISTERED NUMBER:

03148178 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Tangible assets

4

7,104,124

7,000,000

CURRENT ASSETS

Debtors

5

2,505,147

2,242,426

Cash at bank

492,262

458,669

2,997,409

2,701,095

CREDITORS

Amounts falling due within one year

6

907,728

903,340

NET CURRENT ASSETS

2,089,681

1,797,755

TOTAL ASSETS LESS CURRENT LIABILITIES

9,193,805

8,797,755

PROVISIONS FOR LIABILITIES

374,609

363,180

NET ASSETS

8,819,196

8,434,575

CAPITAL AND RESERVES

Called up share capital

7

96

96

Fair value reserve

8

1,089,541

1,089,541

Retained earnings

8

7,729,559

7,344,938

SHAREHOLDERS' FUNDS

8,819,196

8,434,575

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

P Hynd - Director

1.	STATUTORY INFORMATION

Promenade Restaurants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income relating to rent reviews are recognised only when agreed.

Tangible fixed assets

Leasehold properties have been accounted for as Investment Properties in accordance with FRS 102 (Section 1A) and therefore depreciation has not been provided.

Fair value adjustments to the property valuation go through profit & loss and are shown separately in the non-distributable fair value reserve.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Deferred tax on unrealised fair value adjustments to Investment Property is transferred from the retained earnings reserve to the non-distributable fair value reserve.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

7,000,000

37,058

7,037,058

Additions

104,124

-

104,124

At 31 December 2025

7,104,124

37,058

7,141,182

DEPRECIATION

At 1 January 2025

and 31 December 2025

-

37,058

37,058

NET BOOK VALUE

At 31 December 2025

7,104,124

-

7,104,124

At 31 December 2024

7,000,000

-

7,000,000

Cost or valuation at 31 December 2025 is represented by:

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

Valuation in 2017

5,737,189

-

5,737,189

Valuation in 2020

(1,680,000

)

-

(1,680,000

)

Valuation in 2021

560,000

-

560,000

Valuation in 2023

(1,630,000

)

-

(1,630,000

)

Valuation in 2024

(1,534,468

)

-

(1,534,468

)

Cost

5,651,403

37,058

5,688,461

7,104,124

37,058

7,141,182

If leasehold property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

5,651,403

5,547,279

Leasehold property was valued on a fair value basis by chartered surveyors, Hitchcock Wright & Partners on 30 June 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

23,957

18,493

Other debtors

2,481,190

2,223,933

2,505,147

2,242,426

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

73,235

24,402

Taxation and social security

66,300

62,106

Other creditors

768,193

816,832

907,728

903,340

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

12

A1 Ordinary

£1

12

12

12

A2 Ordinary

£1

12

12

12

B1 Ordinary

£1

12

12

12

B2 Ordinary

£1

12

12

12

C1 Ordinary

£1

12

12

12

C2 Ordinary

£1

12

12

12

C3 Ordinary

£1

12

12

3

A3 Ordinary

£1

3

3

3

B3 Ordinary

£1

3

3

3

C4 Ordinary

£1

3

3

3

D1 Ordinary

£1

3

3

96

96

Except as expressly provided otherwise in the Articles of Association, the share capital shall rank pari passu in all respects.

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2025

7,344,938

1,089,541

8,434,479

Profit for the year

384,621

384,621

At 31 December 2025

7,729,559

1,089,541

8,819,100

9.	RELATED PARTY DISCLOSURES