REGISTERED NUMBER: 08850541 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LILIUM RESTAURANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M O Ihsanoglu

T D Kobus

SECRETARY:

Filex Services Limited

REGISTERED OFFICE:

The Courtyard 14a Sydenham Road

Croydon

LONDON

CR0 2EE

REGISTERED NUMBER:

08850541 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Intangible assets

4

2,339

2,707

Tangible assets

5

625,449

734,578

627,788

737,285

CURRENT ASSETS

Stocks

59,185

99,844

Debtors

6

219,937

233,573

Cash at bank and in hand

81,175

336,005

360,297

669,422

CREDITORS

Amounts falling due within one year

7

578,741

586,059

NET CURRENT (LIABILITIES)/ASSETS

(218,444

)

83,363

TOTAL ASSETS LESS CURRENT LIABILITIES

409,344

820,648

PROVISIONS FOR LIABILITIES

59,058

57,990

NET ASSETS

350,286

762,658

CAPITAL AND RESERVES

Called up share capital

478,048

478,048

Share premium

3,230,170

3,230,170

Retained earnings

(3,357,932

)

(2,945,560

)

SHAREHOLDERS' FUNDS

350,286

762,658

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 23 September 2026 and were signed on its behalf by:

T D Kobus - Director

1.	STATUTORY INFORMATION

Lilium 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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

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

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as indicated below:

Depreciation is provided on the following basis:

Long leasehold property - over the term of the lease

Improvements to property - over the term of the lease

Kitchen equipment - 25% straight line

Fixtures and Fittings - 25% straight line

Computer Equipment - 33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed annually and adjusted accordingly if applicable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Costs is based on the cost of purchase on a first in, first out basis.

At the balance sheet date, stock is assessed for impairment. If the stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

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

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

Website costs

Website costs are written off in equal instalments over 17 years, being their estimated useful economic life.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Website

Costs

£

COST

At 1 January 2025

and 31 December 2025

6,265

AMORTISATION

At 1 January 2025

3,558

Amortisation for year

368

At 31 December 2025

3,926

NET BOOK VALUE

At 31 December 2025

2,339

At 31 December 2024

2,707

5.	TANGIBLE FIXED ASSETS

Long

Improvements

leasehold

to

Kitchen

property

property

equipment

£

£

£

COST

At 1 January 2025

871,254

842,986

73,840

Additions

-

-

335

At 31 December 2025

871,254

842,986

74,175

DEPRECIATION

At 1 January 2025

550,719

446,194

63,335

Charge for year

51,230

49,568

3,932

At 31 December 2025

601,949

495,762

67,267

NET BOOK VALUE

At 31 December 2025

269,305

347,224

6,908

At 31 December 2024

320,535

396,792

10,505

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

909,860

36,512

2,734,452

Additions

-

-

335

At 31 December 2025

909,860

36,512

2,734,787

DEPRECIATION

At 1 January 2025

905,177

34,449

1,999,874

Charge for year

3,153

1,581

109,464

At 31 December 2025

908,330

36,030

2,109,338

NET BOOK VALUE

At 31 December 2025

1,530

482

625,449

At 31 December 2024

4,683

2,063

734,578

6.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

7,599

18,968

Other debtors

77,338

79,605

84,937

98,573

31.12.25

31.12.24

£

£

Amounts falling due after more than one year:

Other debtors

135,000

135,000

Aggregate amounts

219,937

233,573

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

127,624

288,790

Amounts owed to group undertakings

191,247

-

Taxation and social security

75,801

72,298

Other creditors

184,069

224,971

578,741

586,059

8.	FINANCIAL INSTRUMENTS

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

9.	OTHER FINANCIAL COMMITMENTS

The company is committed to making the following annual payments:

Management fees at the rate of £Nil (2024 - £110,000) annually to a shareholder of the company.

Operating lease commitments not included in the balance sheet amount to £997,500. (2024 - £1,187,500).

10.	RELATED PARTY DISCLOSURES