Company No: 04166691 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.01.2026		28.02.2025
		£		£
Fixed assets
Tangible assets	3	95,261		104,441
		95,261		104,441
Current assets
Stocks	4	13,130		15,232
Debtors	5	60,140		13,248
Cash at bank and in hand		51,361		4,193
		124,631		32,673
Creditors: amounts falling due within one year	6	( 260,874)		( 201,724)
Net current liabilities		(136,243)		(169,051)
Total assets less current liabilities		(40,982)		(64,610)
Creditors: amounts falling due after more than one year	7	( 5,000)		( 14,167)
Provision for liabilities		( 12,854)		( 11,346)
Net liabilities		( 58,836)		( 90,123)
Capital and reserves
Called-up share capital		4		4
Capital redemption reserve		2		2
Profit and loss account		( 58,842 )		( 90,129 )
Total shareholders' deficit		( 58,836)		( 90,123)

For the financial period ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Vesuvio (UK) Limited (registered number: 04166691) were approved and authorised for issue by the Board of Directors on 19 October 2026. They were signed on its behalf by:

C K Crossley-Cooke Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Vesuvio (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Vesuvio Restaurant The Sea Front, Alum Chine, Bournemouth, BH4 8AN, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The financial statements have been prepared for the reporting period of eleven months ended 31 January 2026. This shortened accounting period arose due to a change in the accounting reference date from 28 February to 31 January. Comparative figures are therefore not directly comparable as these were for a twelve‑month period ended 28 February 2025.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer. Turnover is predominantly derived from the sale of food and drinks.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.03.2025 to 31.01.2026		Year ended 28.02.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	26		29

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Total
	£		£		£
Cost
At 01 March 2025	625,682		464,943		1,090,625
Additions	33,200		5,842		39,042
At 31 January 2026	658,882		470,785		1,129,667
Accumulated depreciation
At 01 March 2025	576,680		409,504		986,184
Charge for the financial period	28,907		19,315		48,222
At 31 January 2026	605,587		428,819		1,034,406
Net book value
At 31 January 2026	53,295		41,966		95,261
At 28 February 2025	49,002		55,439		104,441

4. Stocks

	31.01.2026		28.02.2025
	£		£
Stocks	13,130		15,232

5. Debtors

	31.01.2026		28.02.2025
	£		£
Trade debtors	0		2,696
Corporation tax	3,554		0
Other debtors	56,586		10,552
	60,140		13,248

6. Creditors: amounts falling due within one year

	31.01.2026		28.02.2025
	£		£
Bank overdrafts	0		137,822
Trade creditors	3,663		17,491
Amounts owed to Parent undertakings	215,531		0
Other taxation and social security	6,968		20,305
Other creditors	34,712		26,106
	260,874		201,724

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

	31.01.2026		28.02.2025
	£		£
Bank loans	0		14,167
Taxation and social security	5,000		0
	5,000		14,167

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Commitments

	31.01.2026		28.02.2025
	£		£
Total future minimum lease payments under non-cancellable operating leases	1,094,275		1,169,311

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	31.01.2026		28.02.2025
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	263		403

9. Related party transactions

Other related party transactions

As at 31 January 2026, £215,531 (2025 - £nil) was payable to the parent company Swanee River Limited. This amount is interest free and repayable upon demand.