Diddly Squat Properties Ltd Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 12168625

Diddly Squat Properties Ltd

Consolidated Financial Statements

For the year ended

31 October 2025

Diddly Squat Properties Ltd

Consolidated Financial Statements

Year ended 31 October 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	4

Independent auditor's report to the members	6

Consolidated statement of comprehensive income	10

Consolidated statement of financial position	11

Company statement of financial position	12

Consolidated statement of changes in equity	13

Company statement of changes in equity	14

Consolidated statement of cash flows	15

Notes to the consolidated financial statements	16

Diddly Squat Properties Ltd

Officers and Professional Advisers

The board of directors	C Berry
	R Berry

Registered office	Bury Court Barn Hole Lane
	Bentley
	Farnham
	England
	GU10 5LZ

Auditor	Streets Audit LLP
	Chartered accountants & statutory auditor
	Building 15, Gateway 1000
	Arlington Business Park
	Stevenage
	Hertfordshire
	SG1 2FP

Bankers	C Hoare & Co
	37 Fleet Street
	Temple
	London
	EC4Y 1BT

Diddly Squat Properties Ltd

Strategic Report

Year ended 31 October 2025

Review of business

The group's activities can be broken down into four distinct trading areas as follows: Restaurants The group consists of Number Ninety Seven Limited and Oneonefour Limited, which collectively operated four restaurants. Oneonefour Limited discontinued operations and closed its restaurant in December 2025. Rental The group contains various properties which rented out to group members and to external parties on both short and long term leases. Gym The group owns F.I.T Partnership Limited which operates a physical fitness centre. Wedding Venue The group own a company that operates a wedding venue business. Going concern As disclosed in Note 3 to the financial statements, the group continues to report a net liability position and incurred a loss during the year. The directors and shareholders have continued to provide financial support through significant loan funding. These loans were capitalised as redeemable preference shares in the prior year. Ongoing financial support is also being provided to meet short-term cash flow requirements and fund operating losses. Accordingly, the directors consider it appropriate to to prepare the group financial statements on a going concern basis. Impairments have been recognised against the relevant intercompany loan balances in the individual financial statements of the respective entities. Included in the group accounts, Oneonefour Limited incurred a loss during the period and was in a net liability position at the reporting date. The restaurant ceased trading in December 2025, and the directors are currently taking steps to wind down the company. Consequently, the financial statements of Oneonefour Limited have been prepared on a basis other than going concern.

Results and dividends

The group reported turnover of £4.3m (2024 - £5.1m) and an operating loss for the year was £1.2m (2024 - £1.1m). The group has net liabilities totalling £2.7m (2024 - £1.5m). No dividends were declared for the year (2024:£53k).

Principal risks and uncertainties

The group's principal financial instruments comprise cash, director/shareholder loans and various items such as trade debtors and trade creditor that arise directly from its operations. The main purpose of these financial instruments is to provide finance for the group's operations. The existence of these financial instruments exposes the group to a number of financial risks. The main risks arising are credit risk and liquidity risk. The directors review and agree policies for managing each of these risks and they are summarised below. Credit Risk The group seeks to manage its credit risk by establishing clear and contractual relationships with customers by identifying and addressing any credit issues arising in a timely manner. Liquidity Risk The group seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Future The current economic environment will continue to have a negative affect the results for 2025, however the directors believe the impact will be temporary as the economy recovers. Oneonefour Limited ceased trading in December 2025, and the directors are currently taking steps to wind down the company.

This report was approved by the board of directors on 30 July 2026 and signed on behalf of the board by:

C Berry

Director

Registered office:

Bury Court Barn Hole Lane

Bentley

Farnham

England

GU10 5LZ

Diddly Squat Properties Ltd

Directors' Report

Year ended 31 October 2025

The directors present their report and the consolidated financial statements of the group for the year ended 31 October 2025 .

Directors

The directors who served the company during the year were as follows:

C Berry
R Berry

Dividends

Particulars of recommended dividends are detailed in note 13 to the consolidated financial statements.

Disclosure of information in the strategic report

The group has chosen to set out in the strategic report information about further developments of the group and the financial instruments.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the consolidated financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare consolidated financial statements for each financial year. Under that law the directors have elected to prepare the consolidated financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the consolidated financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these consolidated financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the consolidated financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the consolidated financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 30 July 2026 and signed on behalf of the board by:

C Berry

Director

Registered office:

Bury Court Barn Hole Lane

Bentley

Farnham

England

GU10 5LZ

Diddly Squat Properties Ltd

Independent Auditor's Report to the Members of Diddly Squat Properties Ltd

Year ended 31 October 2025

Opinion

We have audited the consolidated financial statements of Diddly Squat Properties Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the consolidated financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 31 October 2025 and of the group's loss for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 consolidated financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the consolidated 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 consolidated financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the consolidated 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 or the parent company's ability to continue as a going concern for a period of at least twelve months from when the consolidated financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors 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 consolidated financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the consolidated 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. In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in 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 there is a material misstatement in the consolidated financial statements or a material misstatement of the other information. 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 the audit:

- the information given in the strategic report and the directors' report for the financial year for which the consolidated financial statements are prepared is consistent with the consolidated financial statements; and

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

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 its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. 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 consolidated 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 directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the consolidated financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, the directors are responsible for assessing the group's and 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 directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated 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 consolidated financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 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. Misstatementscan arise from fraud or error and are considered material if, individually or in in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent towhich our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company and sector in which it operates; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, employment, food safety regulations, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - inquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures to identify non-compliance with laws and regulations to inquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the consolidated financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 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.

Jonathan Day

(Senior Statutory Auditor)

For and on behalf of

Streets Audit LLP

Chartered accountants & statutory auditor

Building 15, Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

31 July 2026

Diddly Squat Properties Ltd

Consolidated Statement of Comprehensive Income

Year ended 31 October 2025

		2025	2024
Note		£	£
Turnover	4	4,264,522	5,131,356

Cost of sales	2,531,675	2,977,207
	------------	------------
Gross profit	1,732,847	2,154,149

Administrative expenses		3,039,308	3,110,609
Other operating income	5	228,265	362,658
		------------	------------
Operating loss	6	( 1,078,196)	( 593,802)

Exceptional costs		–	( 381,534)
Other interest receivable and similar income	10	2,026	339
Interest payable and similar expenses	11	120,611	79,155
		------------	------------
Loss before taxation		( 1,196,781)	( 1,054,152)

Tax on loss	12	–	33,333
		------------	------------
Loss for the financial year and total comprehensive income		( 1,196,781)	( 1,087,485)
		------------	------------

All the activities of the group are from continuing operations.

Diddly Squat Properties Ltd

Consolidated Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	14	46,617	58,272
Tangible assets	15	10,173,470	12,397,516
		-------------	-------------
		10,220,087	12,455,788

Current assets

Stocks	17	48,820	67,026
Debtors	18	409,518	386,655
Cash at bank and in hand		399,030	215,103
		---------	---------
		857,368	668,784

Creditors: amounts falling due within one year	19	2,499,507	3,326,405
		------------	------------
Net current liabilities		1,642,139	2,657,621
		-------------	-------------
Total assets less current liabilities		8,577,948	9,798,167

Creditors: amounts falling due after more than one year	20	11,234,648	11,258,086

Provisions

Taxation including deferred tax	22	20,474	20,474
		-------------	-------------
Net liabilities		( 2,677,174)	( 1,480,393)
		-------------	-------------

Capital and reserves

Called up share capital	25	200	200
Profit and loss account	26	( 2,677,374)	( 1,480,593)
		------------	------------
Shareholders deficit		( 2,677,174)	( 1,480,393)
		------------	------------

These consolidated financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

C Berry

Director

Company registration number: 12168625

Diddly Squat Properties Ltd

Company Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	15	3,814,483	5,864,557
Investments	16	301	301
		------------	------------
		3,814,784	5,864,858

Current assets

Debtors	18	5,004,304	5,504,210
Cash at bank and in hand		158,325	8,047
		------------	------------
		5,162,629	5,512,257

Creditors: amounts falling due within one year	19	48,376	405,806
		------------	------------
Net current assets		5,114,253	5,106,451
		------------	-------------
Total assets less current liabilities		8,929,037	10,971,309

Creditors: amounts falling due after more than one year	20	10,562,136	10,562,136
		-------------	-------------
Net (liabilities)/assets		( 1,633,099)	409,173
		-------------	-------------

Capital and reserves

Called up share capital	25	200	200
Profit and loss account	26	( 1,633,299)	408,973
		------------	---------
Shareholders (deficit)/funds		( 1,633,099)	409,173
		------------	---------

The loss for the financial year of the parent company was £ 2,042,272 (2024: £ 57,025 profit).

These consolidated financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

C Berry

Director

Company registration number: 12168625

Diddly Squat Properties Ltd

Consolidated Statement of Changes in Equity

Year ended 31 October 2025

		Called up share capital	Profit and loss account	Total
		£	£	£
At 1 November 2023		200	( 340,297)	( 340,097)

Loss for the year			( 1,087,485)	( 1,087,485)
		----	------------	------------
Total comprehensive income for the year		–	( 1,087,485)	( 1,087,485)

Dividends paid and payable	13	–	( 52,811)	( 52,811)
		----	------------	------------
Total investments by and distributions to owners		–	( 52,811)	( 52,811)

At 31 October 2024		200	( 1,480,593)	( 1,480,393)

Loss for the year			( 1,196,781)	( 1,196,781)
		----	------------	------------
Total comprehensive income for the year		–	( 1,196,781)	( 1,196,781)

		----	------------	------------
At 31 October 2025		200	( 2,677,374)	( 2,677,174)
		----	------------	------------

Diddly Squat Properties Ltd

Company Statement of Changes in Equity

Year ended 31 October 2025

		Called up share capital	Profit and loss account	Total
		£	£	£
At 1 November 2023		200	404,759	404,959

Profit for the year			57,025	57,025
		----	---------	---------
Total comprehensive income for the year		–	57,025	57,025

Dividends paid and payable	13	–	( 52,811)	( 52,811)
		----	---------	---------
Total investments by and distributions to owners		–	( 52,811)	( 52,811)

At 31 October 2024		200	408,973	409,173

Loss for the year			( 2,042,272)	( 2,042,272)
		----	------------	------------
Total comprehensive income for the year		–	( 2,042,272)	( 2,042,272)

		----	------------	------------
At 31 October 2025		200	( 1,633,299)	( 1,633,099)
		----	------------	------------

Diddly Squat Properties Ltd

Consolidated Statement of Cash Flows

Year ended 31 October 2025

	2025	2024
	£	£

Cash flows from operating activities

Loss for the financial year	( 1,196,781)	( 1,087,485)

Adjustments for:
Depreciation of tangible assets	616,016	530,688
Amortisation of intangible assets	11,655	11,655
Exceptional costs	–	381,534
Other interest receivable and similar income	( 2,026)	( 339)
Interest payable and similar expenses	120,611	79,155
(Gains)/loss on disposal of tangible assets	( 68,825)	17,628
Tax on (loss)/profit	–	33,333
Accrued income	( 94,195)	( 88,701)

Changes in:
Stocks	18,206	30,923
Trade and other debtors	71,432	157,407
Trade and other creditors	3,002,807	55,512
	------------	------------
Cash generated from operations	2,478,900	121,310

Interest paid	( 120,611)	( 79,155)
Interest received	2,026	339
Tax paid	–	( 20,257)
	------------	---------
Net cash from operating activities	2,360,315	22,237
	------------	---------

Cash flows from investing activities

Purchase of tangible assets	( 839,571)	( 1,295,107)
Proceeds from sale of tangible assets	2,516,326	80,248
	------------	------------
Net cash from/(used in) investing activities	1,676,755	( 1,214,859)
	------------	------------

Cash flows from financing activities

Proceeds/(payments) of borrowings	( 3,827,445)	1,100,000
Payments of finance lease liabilities	( 25,698)	24,620
	------------	------------
Net cash (used in)/from financing activities	( 3,853,143)	1,124,620
	------------	------------

Net increase/(decrease) in cash and cash equivalents	183,927	( 68,002)
Cash and cash equivalents at beginning of year	215,103	283,105
	---------	---------
Cash and cash equivalents at end of year	399,030	215,103
	---------	---------

Diddly Squat Properties Ltd

Notes to the Consolidated Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bury Court Barn Hole Lane, Bentley, Farnham, England, GU10 5LZ.

2. Statement of compliance

These consolidated financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The consolidated financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The consolidated financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The group has made a loss for the year and has net liabilities at the statement of financial position date but does have ultimate shareholder support and accordingly the financial statements have been prepared on a going concern basis. The directors are satisfied that the group has the financial support of the ultimate shareholders and that they can provide this support such that it has the ability to meet its financial obligations as they fall due for a period of at least 12 months from the date of of approval of the financial statements. Included within the group accounts, Oneonefour Limited incurred a loss during the period and was in a net liability position at the reporting date. The restaurant ceased trading in December 2025, and the directors are currently taking steps to wind down the company. Consequently, the financial statements of Oneonefour Limited have been prepared on a basis other than going concern.

Disclosure exemptions

The group is not entitled to reduced disclosures under FRS 102.

Consolidation

The financial statements consolidate the financial statements of Diddly Squat Properties Limited and all of its wholly owned subsidiary undertakings (as stated in Note 16). No trading subsidiaries have been excluded from the consolidation. The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not included its individual statement of comprehensive income.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are detailed in revenue recognition policy note. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: 1) Property Valuation The investment property is measured at fair value which is the open market value of the property. Any fair value adjustment is taken through the income statement. Judgement is made in respect of the condition and longevity of the properties to determine this valuation. 2) Depreciation and amortisation charges The annual depreciation and amortisation charge for each class of tangible and intangible asset is based on an estimate of the useful economic life of the respective assets. This is reviewed periodically by the directors to ensure that they reflect both the external and internal factors.

Revenue recognition

Restaurant Turnover is derived from the ordinary activities being provision of goods and services net of Value Added Tax. Gym Turnover is derived from the ordinary activities being provision of goods and services net of Value Added Tax. Wedding Venue Turnover is derived from the ordinary activities being provision of goods and services net of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Exceptional items

Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the group's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Negative Goodwill arises on the same basis as goodwill and is amortised over the estimated useful economic life of the assets to which it relates.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	Over the UEL of ten years.
Negative Goodwill	-	Over the UEL of ten years.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	33% straight line

	Improvements to property	-	2% on cost or over the life of the lease

Investment property

Properties which are held for their rental income and or capital appreciation rather than for the provision of services or for administrative purposes are included within the financial statements at their fair value at each reporting date with changes in fair value being recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Income from investments is accounted for on a receipts basis.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Restaurants	844,539	3,691,985
Wedding and events	2,923,345	1,137,913
Fitness	496,638	301,458
	------------	------------
	4,264,522	5,131,356
	------------	------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Management charges receivable	2,065	7,362
Other operating income	6,869	7,644
Rents received	219,331	347,652
	---------	---------
	228,265	362,658
	---------	---------

6. Operating (loss)/profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Amortisation of intangible assets	11,655	11,655
Depreciation of tangible assets	616,016	530,688
(Gains)/loss on disposal of tangible assets	( 68,825)	17,628
Impairment of trade debtors	–	1,900
	---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the consolidated financial statements	27,300	26,400
	--------	--------

8. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	9	9
Distribution staff	123	123
Administrative staff	4	4
	----	----
	136	136
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	1,606,209	1,860,874
Social security costs	385,768	145,002
Other pension costs	62,277	34,070
	------------	------------
	2,054,254	2,039,946
	------------	------------

9. Exceptional items

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Exceptional amounts written off current assets	–	381,534	1,957,445	–
	----	---------	------------	----

The group have impaired loans payable by a related party £nil (2024: £381,534). In the individual accounts of the holding company, impairments of £1,957,445 have been made in relation to loans payable by related parties.

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	2,026	339
	-------	----

11. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	70,964	76,571
Interest on obligations under finance leases and hire purchase contracts	2,073	2,584
Other interest payable and similar charges	47,574	–
	---------	--------
	120,611	79,155
	---------	--------

12. Tax on (loss)/profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

Adjustments in respect of prior periods	–	36,140

Deferred tax:

Origination and reversal of timing differences	–	( 2,807)
	----	--------
Tax on (loss)/profit	–	33,333
	----	--------

Reconciliation of tax expense

The tax assessed on the loss on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Loss on ordinary activities before taxation	( 1,196,781)	( 1,054,152)
	------------	------------
Loss on ordinary activities by rate of tax	( 1,096)	( 313,454)
Adjustment to tax charge in respect of prior periods	–	33,333
Utilisation of tax losses	1,096	313,454
	------------	------------
Tax on (loss)/profit	–	33,333
	------------	------------

13. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	–	52,811
	----	--------

14. Intangible assets

Group	Goodwill	Negative goodwill	Total
	£	£	£
Cost
At 1 November 2024 and 31 October 2025	544,936	( 428,392)	116,544
	---------	---------	---------
Amortisation
At 1 November 2024	272,467	( 214,195)	58,272
Charge for the year	54,494	( 42,839)	11,655
	---------	---------	---------
At 31 October 2025	326,961	( 257,034)	69,927
	---------	---------	---------
Carrying amount
At 31 October 2025	217,975	( 171,358)	46,617
	---------	---------	---------
At 31 October 2024	272,469	( 214,197)	58,272
	---------	---------	---------

The company has no intangible assets.

15. Tangible assets

Group	Land and buildings	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Improvements to property	Total
	£	£	£	£	£	£
Cost
At 1 Nov 2024	10,501,030	1,137,115	307,017	337,966	1,967,778	14,250,906
Additions	659,353	57,888	36,031	599	85,600	839,471
Disposals	( 2,550,413)	( 297,761)	( 11,332)	( 34,594)	–	( 2,894,100)
	-------------	------------	---------	---------	------------	-------------
At 31 Oct 2025	8,609,970	897,242	331,716	303,971	2,053,378	12,196,277
	-------------	------------	---------	---------	------------	-------------
Depreciation
At 1 Nov 2024	280,800	708,298	232,313	164,538	467,441	1,853,390
Charge for the year	131,331	246,866	35,290	70,774	131,755	616,016
Disposals	( 117,235)	( 291,076)	( 8,739)	( 29,549)	–	( 446,599)
	-------------	------------	---------	---------	------------	-------------
At 31 Oct 2025	294,896	664,088	258,864	205,763	599,196	2,022,807
	-------------	------------	---------	---------	------------	-------------
Carrying amount
At 31 Oct 2025	8,315,074	233,154	72,852	98,208	1,454,182	10,173,470
	-------------	------------	---------	---------	------------	-------------
At 31 Oct 2024	10,220,230	428,817	74,704	173,428	1,500,337	12,397,516
	-------------	------------	---------	---------	------------	-------------

Company	Freehold property	Investment property	Total
	£	£	£
Cost
At 1 November 2024	943,672	5,015,251	5,958,923
Additions	16,785	2,100	18,885
Disposals	–	( 2,050,000)	( 2,050,000)
	---------	------------	------------
At 31 October 2025	960,457	2,967,351	3,927,808
	---------	------------	------------
Depreciation
At 1 November 2024	94,366	–	94,366
Charge for the year	18,959	–	18,959
	---------	------------	------------
At 31 October 2025	113,325	–	113,325
	---------	------------	------------
Carrying amount
At 31 October 2025	847,132	2,967,351	3,814,483
	---------	------------	------------
At 31 October 2024	849,306	5,015,251	5,864,557
	---------	------------	------------

The investment properties, included in group land and buildings, were valued at £7,432,753 by the directors. The directors used their knowledge of the local market as well as professional independent valuations and the purchase costs where purchased from an external party.

Included within land and buildings is £613,348 short leasehold property (2024: £613,348) and £305,394 long leasehold property (2024: £305,394). Included in cost of land and buildings is freehold land of £250,000 (2024: £250,000) which is not depreciated.

16. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 November 2024 and 31 October 2025	301
	----
Impairment
At 1 November 2024 and 31 October 2025	–
	----

Carrying amount
At 1 November 2024 and 31 October 2025	301
	----
At 31 October 2024	301
	----

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Oneonefour Restaurant Limited	Ordinary	100
Number Ninety Seven Limited	Ordinary	100
The F.I.T Partnership Ltd	Ordinary	100
Berry Properties Limited	Ordinary	100
Vasper UK Limited	Ordinary	100

All of the above companies have been incorporated in the UK. All except Vasper UK Limited are trading and have been included within these consolidated in the group accounts. Vasper UK Limited was a dormant company, it was dissolved on 16 September 2025. All companies except Vasper UK Limited share the same registered office as the parent company. The registered office of Vasper UK Limited is 2b Worple Road Mews, London, England, SW19 4DB. All trading companies have claimed the exemption from audit under Section 479A of the Companies Act 2006 relating to subsidiary ccompanies.

17. Stocks

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Raw materials and consumables	48,820	67,026	–	–
	--------	--------	----	----

18. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	127,218	118,568	407	8,544
Amounts owed by group undertakings	–	–	5,003,897	5,494,689
Prepayments and accrued income	70,827	40,660	–	977
Other debtors	211,473	227,427	–	–
	---------	---------	------------	------------
	409,518	386,655	5,004,304	5,504,210
	---------	---------	------------	------------

The debtors above include the following amounts falling due after more than one year:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Other debtors	84,960	84,960	–	–
	--------	--------	----	----

19. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	650,000	1,150,000	–	–
Trade creditors	230,312	649,827	4,423	7,226
Accruals and deferred income	837,310	1,012,200	–	43,308
Corporation tax	22,394	22,394	22,394	22,394
Social security and other taxes	290,724	182,186	–	–
Obligations under finance leases and hire purchase contracts	10,257	25,563	–	–
Director loan accounts	369,205	173,974	12,495	286,251
Other creditors	89,305	110,261	9,064	46,627
	------------	------------	--------	---------
	2,499,507	3,326,405	48,376	405,806
	------------	------------	--------	---------

Bank loans are secured by a fixed and floating charge over all of the company's assets. Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	600,000	600,000	–	–
Accruals and deferred income	21,174	34,220	–	–
Shares classed as financial liabilities	10,562,136	10,562,136	10,562,136	10,562,136
Obligations under finance leases and hire purchase contracts	51,338	61,730	–	–
	-------------	-------------	-------------	-------------
	11,234,648	11,258,086	10,562,136	10,562,136
	-------------	-------------	-------------	-------------

Bank loans are secured by a fixed and floating charge over all of the company's assets. Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

21. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	10,257	25,563	–	–
Later than 1 year and not later than 5 years	51,338	61,730	–	–
	--------	--------	----	----
	61,595	87,293	–	–
	--------	--------	----	----

22. Provisions

Group	Deferred tax (note 23)
	£
At 1 November 2024 and 31 October 2025	20,474
	--------

The company does not have any provisions.

23. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in provisions (note 22)	20,474	20,474	–	–
	--------	--------	----	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	20,474	20,474	–	–
	--------	--------	----	----

24. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 62,277 (2024: £ 34,070 ).

25. Called up share capital

Issued, called up and fully paid

2025		2024
No.	£	No.	£

Amounts presented in equity:

Ordinary shares of £ 1 each	200	200	200	200
	----	----	----	----

Amounts presented in liabilities:

Preference shares of £ 1 each	10,562,136	10,562,136	10,562,136	10,562,136
	-------------	-------------	-------------	-------------

26. Reserves

Profit and loss account - this reserve records retained earnings and accumulated losse s.

27. Analysis of changes in net debt

	At 1 Nov 2024	Cash flows	At 31 Oct 2025
	£	£	£
Cash at bank and in hand	215,103	183,927	399,030
Debt due within one year	(1,349,537)	320,075	(1,029,462)
Debt due after one year	(661,730)	10,392	(651,338)
	------------	---------	------------
	( 1,796,164)	514,394	( 1,281,770)
	------------	---------	------------

28. Operating leases

As lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	217,938	–	–	–
Later than 1 year and not later than 5 years	871,752	–	–	–
Later than 5 years	257,077	–	–	–
	------------	----	----	----
	1,346,767	–	–	–
	------------	----	----	----

Diddly Squat Properties Ltd

Notes to the Consolidated Financial Statements (continued)

Year ended 31 October 2025

28. Operating leases (continued)

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	181,580	225,000	49,500	–
Later than 1 year and not later than 5 years	577,675	900,000	198,000	–
Later than 5 years	543,458	217,500	247,500	–
	------------	------------	---------	----
	1,302,713	1,342,500	495,000	–
	------------	------------	---------	----

29. Contingencies

The company has entered into cross guarantees in relation to facilities provided by Lloyds Bank Plc.

30. Directors' advances, credits and guarantees

The opening balance due to the directors amounted to £173,974. During the year the directors and group carried out a debtor for equity swap and at the year end the company owed the directors £3,696,650(2024 - £173,974). The balance remained in credit throughout the period and no interest was charged.

31. Related party transactions

Group

The group has taken advantage of exemption, under 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. Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements. The group has loaned £nil (2024 - £381,534) to Bone Idyll Ltd, a company controlled by a family member of the directors. This balance has been fully impaired. Company The company has taken advantage of exemption, under Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', from disclosing related party transactions with wholly members of the group Key management personnel The directors of the parent company are considered to be key management personnel and there was no remuneration during the year (2024 - £nil).