Manchester Street Food Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC790009

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		178,853		71,723

			178,853		71,723
CURRENT ASSETS
Debtors	5	2,092		11,216
Cash at bank and in hand		436,892		19

		438,984		11,235
Creditors: Amounts Falling Due Within One Year	6	(9,708 )		(53,317 )

NET CURRENT ASSETS (LIABILITIES)			429,276		(42,082 )

TOTAL ASSETS LESS CURRENT LIABILITIES			608,129		29,641

Creditors: Amounts Falling Due After More Than One Year	7		(698,003 )		(101,545 )

NET LIABILITIES			(89,874 )		(71,904 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(89,974 )		(72,004 )

SHAREHOLDERS' FUNDS			(89,874)		(71,904)

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Manchester Street Food Ltd

Balance Sheet (continued)

As At 31 August 2026

For the year ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Benjamin MacMillan

Director

15/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Manchester Street Food Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC790009 . The registered office is Hudson House, 8 Albany Street, Edinburgh, EH1 3QB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At 31 August 2026 the company had net liabilities of £89,874 (2025: £71,904) and made a loss of £17,970 for the year. The company has not yet started trading. It is fitting out a street food venue in Manchester, which is expected to open in July 2027. At the year end it held cash of £436,892. That cash is committed to completing the fit-out and is not available to meet the company's other obligations.

The company is financed mainly by its parent undertaking, Street Food Holdings Ltd ("SFH"), to which it owed £695,003 at the year end. That balance is included in creditors falling due after more than one year. SFH has confirmed that it will not seek repayment of this balance, or of any further amounts it advances, for at least twelve months from the date these financial statements are approved, unless the company is able to repay without affecting its ability to meet its other liabilities as they fall due.

To complete the fit-out and open the venue, the company needs to draw down a £1.4 million facility from Portman. The directors are also considering an equity raise of up to £450,000. They have prepared cash flow forecasts covering the period to Aug 27. Those forecasts assume that the Portman facility is drawn as planned, that the equity raise is completed and that the venue opens in July 2027. On those assumptions, the forecasts show that the company can meet its liabilities as they fall due.

Having considered these matters, the directors reasonably expect that the funding will be obtained and that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the financial statements have been prepared on a going concern basis. They do not include any adjustments that would be needed if the company were unable to continue as a going concern, such as writing down the fit-out costs to their recoverable amount or reclassifying amounts owed to group undertakings as falling due within one year.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Assets under construction comprise fit-out costs for the Manchester venue, which had not opened at the year end. No depreciation is charged on these assets until they are brought into use.

Fixtures & Fittings

5% Straight Line

2.4. Financial Instruments

The company has only basic financial instruments, as defined in Section 11 of FRS 102. These are cash, other debtors, trade and other creditors, and loans from group undertakings. They are recognised at transaction price and subsequently measured at amortised cost.

Amounts owed to group undertakings are unsecured and interest-free, and have no fixed repayment date. They are measured at the undiscounted amount of cash expected to be paid.

2.5. Taxation

The company had not started trading by 31 August 2026. Its pre-trading expenditure, and the capital allowances on its fit-out expenditure, will be treated for tax purposes as incurred on the first day of trading. No deferred tax asset has been recognised for these amounts, because it is not yet sufficiently certain that taxable profits will be available to recover them

2.6. Pre-opening costs

Costs incurred before the venue opens are written off to the profit and loss account as incurred. This covers recruitment, training, marketing and professional fees. The only exception is costs that are directly attributable to bringing the fit-out into working condition for its intended use, which are capitalised as part of tangible fixed assets.

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Manchester Street Food Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2026

2.7. Assets under construction

Fit-out costs for the venue are held as assets under construction until the venue is ready for use. Assets under construction are not depreciated. When the venue opens, their cost is transferred to the relevant category of tangible fixed assets and depreciated from that date.

2.8. Parent Undertaking

The company's immediate and ultimate parent undertaking is Street Food Holdings Ltd, a company incorporated in England and Wales, registered number 13560281. Its registered office is Fabrica, 269 Great Ancoats Street, Manchester, England, M4 7DB. Street Food Holdings Ltd holds 100 £1 ordinary shares (called up, not paid) in the company.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 3)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 September 2025	72,885
Additions	107,130

As at 31 August 2026	180,015

Depreciation
As at 1 September 2025	1,162

As at 31 August 2026	1,162

Net Book Value
As at 31 August 2026	178,853

As at 1 September 2025	71,723

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	2,092	11,216

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	8,208	51,817
Other creditors	1,500	1,500

	9,708	53,317

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Manchester Street Food Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2026

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Amounts owed to group undertakings	695,003	101,545
Other creditors	3,000	-

	698,003	101,545

Amounts owed to group undertakings are unsecured and interest-free, and have no fixed repayment date. Street Food Holdings Ltd has confirmed that it will not seek repayment within twelve months of the date of approval of these financial statements

8. Share Capital

	2026	2025
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

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