REGISTERED NUMBER: 07310768 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

15A HAY HILL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

G Cipriani

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

07310768 (England and Wales)

AUDITORS:

Stein Richards

Chartered Accountants and Statutory Auditor

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Owned

Intangible assets

4

-

-

Tangible assets

5

356,537

411,944

Right-of-use

Tangible assets

5, 9

1,655,503

-

2,012,040

411,944

CURRENT ASSETS

Stocks

46,172

47,210

Debtors

6

330,275

333,392

Cash and cash equivalents

303,753

103,056

680,200

483,658

CREDITORS

Amounts falling due within one year

7

2,753,965

2,057,488

NET CURRENT LIABILITIES

(2,073,765

)

(1,573,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(61,725

)

(1,161,886

)

CREDITORS

Amounts falling due after more than one year

8

1,648,708

505,000

NET LIABILITIES

(1,710,433

)

(1,666,886

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(1,710,437

)

(1,666,890

)

SHAREHOLDERS' DEFICIT

(1,710,433

)

(1,666,886

)

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 director and authorised for issue on 11 September 2026 and were signed by:

G Cipriani - Director

1.	STATUTORY INFORMATION

15A Hay Hill 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.

Going Concern

The financial statements have been prepared on a going concern basis. Whilst the company has a net deficit on its balance sheet it is reliant on the continued support of the group Companies. The group companies have provided the company with an undertaking that for at least 12 months from the date of approval of these financial statements, they will continue to make available such funds as are needed by the company. This should enable the company to continue in operation existence for the foreseeable future by meeting its liabilities as they fall due for payment.

Turnover

Turnover represents restaurant services provided to customers and is recognised once the service has been completed, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold property

-

over period of lease

Improvements to property

-

over period of lease

Kitchen Equipment

-

10% straight line

Furniture, fixtures & fittings

-

10% straight line

TV, Audio and computer equipment

-

33.33% straight line

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Stocks

Bar stock is valued at the lower of cost and net realisable value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, trade and other creditors.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred taxation assets and liabilities are not discounted.

Current and deferred tax are recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases

The new FRS 102 (September 2024) has been early adopted and is applicable for accounting periods commencing 1 January 2025. Under this standard it requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee is required to recognise a right-of-use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments.

A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The company leases commercial property . Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor.

- Right-of-use assets

Right-of-use assets are initially measured at:

- the amount of the initial measurement of lease liability;

- any lease payments made at or before the commencement date less any lease incentives received;

- any initial direct costs; and

- restoration costs.

After the lease has commenced the right-of-use asset is measured at cost less accumulated depreciation and accumulated impairment.

Right-of-use assets are depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis.

- Lease liabilities

The lease liability is initially measured at the present value of the lease payments payable over the remaining lease term from 1 January 2025, discounted at the rate implicit in the lease if that can be readily determined. If that rate cannot be readily determined, the company shall use their incremental borrowing rate.

The company has used its incremental borrowing rate because the interest rate implicit in the lease cannot be readily determined.

To determine the incremental borrowing rate, the company uses the rate it would have to pay to the shareholders for providing the financing.

The initial measurement of the lease liability includes fixed payments. The lease liability will be subsequently remeasured to reflect any changes in the lease term. The re-measurements are treated as adjustments to the right-of-use asset.

Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The finance cost is included as interest paid in the operating activities section of the statement of cash flows.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Membership income

Membership income is accounted on an accruals basis.

Significant judgements and estimates

Management have been required to make judgements and estimates when determining the depreciation method and rates used in writing off each tangible fixed asset over its estimated useful life.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Trademark

£

COST

At 1 January 2025

and 31 December 2025

270

AMORTISATION

At 1 January 2025

and 31 December 2025

270

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Short

Improvements

leasehold

to

Kitchen

property

property

Equipment

£

£

£

COST

At 1 January 2025

445,814

818,373

15,336

Additions

1,724,007

23,188

6,684

At 31 December 2025

2,169,821

841,561

22,020

DEPRECIATION

At 1 January 2025

369,787

596,381

4,255

Charge for year

108,601

9,019

2,131

At 31 December 2025

478,388

605,400

6,386

NET BOOK VALUE

At 31 December 2025

1,691,433

236,161

15,634

At 31 December 2024

76,027

221,992

11,081

TV, Audio

Furniture,

and

fixtures

computer

& fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

407,823

23,705

1,711,051

Additions

5,445

2,321

1,761,645

At 31 December 2025

413,268

26,026

3,472,696

DEPRECIATION

At 1 January 2025

304,979

23,705

1,299,107

Charge for year

41,085

713

161,549

At 31 December 2025

346,064

24,418

1,460,656

NET BOOK VALUE

At 31 December 2025

67,204

1,608

2,012,040

At 31 December 2024

102,844

-

411,944

6.

DEBTORS

31.12.25

31.12.24

(Unaudited)

£

£

Amounts falling due within one year:

Trade debtors

18,677

5,155

Other debtors

276,598

293,237

295,275

298,392

Amounts falling due after more than one year:

Other debtors

35,000

35,000

Aggregate amounts

330,275

333,392

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

(Unaudited)

£

£

Bank loans and overdrafts

5,000

10,000

Leases (see note 9)

20,242

-

Trade creditors

41,078

28,703

Amounts owed to group undertakings

1,742,707

-

Taxation and social security

84,922

88,344

Other creditors

860,016

1,930,441

2,753,965

2,057,488

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

(Unaudited)

£

£

Bank loans

-

5,000

Leases (see note 9)

1,648,708

-

Other creditors

-

500,000

1,648,708

505,000

Amounts falling due in more than five years:

Repayable by instalments

Finance leases

1,546,409

-

9.

LEASING

Right-of-use assets

Tangible fixed assets

31.12.25

31.12.24

(Unaudited)

£

£

COST

Additions

1,724,007

-

DEPRECIATION

Charge for year

68,504

-

NET BOOK VALUE

1,655,503

-

As at 1 January 2025, the company has recognised a right of use asset for the lease of a commercial property totalling £1,724,007. This is in accordance with the new FRS 102 (September 2024) Standard. The standard is not retrospective so the right-of-use asset is only recognised from 1 January 2025 based on the remaining lease term. The lease liabilities relate to this right-of-use asset.

Included in administrative expenses on the statement of profit and loss is a depreciation charge on

right-of-use asset totalling £68,504.

Lease liabilities

Minimum lease payments fall due as follows:

31.12.25

31.12.24

(Unaudited)

£

£

Gross obligations repayable:

Within one year

170,000

-

Between one and five years

680,000

-

In more than five years

3,213,000

-

4,063,000

-

Finance charges repayable:

Within one year

149,758

-

Between one and five years

577,701

-

In more than five years

1,666,591

-

2,394,050

-

Net obligations repayable:

Within one year

20,242

-

Between one and five years

102,299

-

In more than five years

1,546,409

-

1,668,950

-

The lease liability is initially measured at the present value of the lease payments payable over the remaining lease term and has been discounted at an incremental borrowing rate of 9.25% per annum.

The lease payments have been determined in accordance with the contract which allocates a fixed quarterly payment.

Included as finance costs on the statement of profit and loss is interest on lease liability totalling £151,527.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Nissen FCA (Senior Statutory Auditor)

for and on behalf of Stein Richards

11.	CAPITAL COMMITMENTS

31.12.25

31.12.24

(Unaudited)

£

£

Contracted but not provided for in the

financial statements

16,601

-

12.	RELATED PARTY DISCLOSURES

13.	ULTIMATE CONTROLLING PARTY