REGISTERED NUMBER: SC225934 (Scotland)

Financial Statements For The Year Ended 31 March 2026

for

Two Fat Ladies Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G S Cuthbertson

J P Ward

K D S Ross

REGISTERED OFFICE:

652-654 Argyle Street

Glasgow

G3 8UF

REGISTERED NUMBER:

SC225934 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Intangible assets

4

7,272

8,585

Tangible assets

5

1,070,000

4,431

Investments

6

6

14

Investment property

7

-

1,070,000

1,077,278

1,083,030

CURRENT ASSETS

Debtors

8,439

21,658

Cash at bank

5,140

16,322

13,579

37,980

CREDITORS

Amounts falling due within one year

79,489

134,459

NET CURRENT LIABILITIES

(65,910

)

(96,479

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,011,368

986,551

CAPITAL AND RESERVES

Called up share capital

1,014

1,014

Fair value reserve

318,192

318,192

Retained earnings

692,162

667,345

1,011,368

986,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

G S Cuthbertson - Director

1.	STATUTORY INFORMATION

Two Fat Ladies Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Trademarks 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 each asset over its estimated useful life.

Leasehold Property

-

10% on cost

Fixed plant and equipment

-

20% on reducing balance

Investment property

Investment property, which is property held to earn rental and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the statement of comprehensive income.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the statement of comprehensive income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised 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 statement of financial position date.

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.

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.

Fixed asset investments

Listed investments are measured at fair value through the statement of comprehensive income. Unlisted investments are measured at cost less impairment as fair value cannot be reliably measured without undue cost or effort.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

48,125

AMORTISATION

At 1 April 2025

39,540

Amortisation for year

1,313

At 31 March 2026

40,853

NET BOOK VALUE

At 31 March 2026

7,272

At 31 March 2025

8,585

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2025

29,370

Disposals

(16,809

)

Reclassification/transfer

1,070,000

At 31 March 2026

1,082,561

DEPRECIATION

At 1 April 2025

24,939

Charge for year

345

Eliminated on disposal

(12,723

)

At 31 March 2026

12,561

NET BOOK VALUE

At 31 March 2026

1,070,000

At 31 March 2025

4,431

Cost or valuation at 31 March 2026 is represented by:

Totals

£

Valuation in 2023

318,192

Cost

764,369

1,082,561

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

2026

2025

£

£

Cost

751,808

-

Freehold Property was valued on on an open market basis basis on 14 December 2023 by CDLH Leisure & Hospitality Surveyors .

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2025

14

Disposals

(8

)

At 31 March 2026

6

NET BOOK VALUE

At 31 March 2026

6

At 31 March 2025

14

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Two Fat Ladies (Buttery) Ltd.

Registered office: 652-654 Argyle Street, Glasgow, Scotland, G3 8UF

Nature of business: Licensed restaurants

%

Class of shares:

holding

Ordinary

100.00

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,070,000

Reclassification/transfer

(1,070,000

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

1,070,000