Hguk Restaurants Limited

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

1. General Information

Hguk Restaurants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14583139 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.

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

These financial statements have been prepared on the going concern basis, which assumes that the company will be able to meet its financial obligations as they fall due for payment for the foreseeable future. The company is reliant upon the continued support of its parent undertaking, Honest Greens Barcelona SA, to be able to do this. Honest Greens Barcelona SA has indicated to the directors, that support will be provided as it is required.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of food and beverages.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are creation and development of a special line of tableware. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.6. 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:

Freehold	Straight Line - 10 years
Plant & Machinery	Straight Line - Between 3 & 10 years
Fixtures & Fittings	Straight Line - Between 3 & 10 years
Computer Equipment	Straight Line - 4 years

2.7. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.8. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Hguk Restaurants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Debtors

Basic financial assets, including other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

2.11. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

2.12. Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.13. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 11 (2024: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	-
Additions	31,338

As at 31 December 2025	31,338

Amortisation
As at 1 January 2025	-
Provided during the period	522

As at 31 December 2025	522

Net Book Value
As at 31 December 2025	30,816

As at 1 January 2025	-

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Hguk Restaurants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	-	-	-	-	-
Additions	806,740	774,643	883,951	3,412	2,468,746

As at 31 December 2025	806,740	774,643	883,951	3,412	2,468,746

Depreciation
As at 1 January 2025	-	-	-	-	-
Provided during the period	6,723	6,464	9,188	71	22,446

As at 31 December 2025	6,723	6,464	9,188	71	22,446

Net Book Value
As at 31 December 2025	800,017	768,179	874,763	3,341	2,446,300

As at 1 January 2025	-	-	-	-	-

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,118
Prepayments and accrued income	10,950	2,836
Other debtors	422,868	-
VAT	452,713	13,837
Amounts owed by group undertakings	16,310	-

	902,841	17,791

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	987,543	-
Other taxes and social security	68,481	-
Other creditors	5,504	-
Accruals	88,648	96,020
Amounts owed to group undertakings	258,843	-

	1,409,019	96,020

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

	2025	2024
	£	£
Amounts owed to group undertakings	4,442,984	1,335,685

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Hguk Restaurants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

10. Dividends

No dividends were proposed or paid during the current year or prior period.

11. Related Party Transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.

12. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Honest Greens Barcelona SA , incorporated in Spain. Copies of the group accounts may be obtained from the secretary, 407 Avinguda Diagonal, Barcelona, 08008 . The ultimate controlling party is Honest Greens Barcelona SA who controls 100% of the shares of Hguk Restaurants Limited .

13. Audit Information

The auditor's report on the accounts of Hguk Restaurants Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by David Wheeler (Senior Statutory Auditor) for and on behalf of Bourner Bullock , Statutory Auditor.

Bourner Bullock

Chartered Accountants

114 St Martin’s Lane

Covent Garden

London

WC2N 4BE

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		30,816		-
Tangible Assets	5		2,446,300		-

			2,477,116		-
CURRENT ASSETS
Debtors	6	902,841		17,791
Cash at bank and in hand		352,127		343,011

		1,254,968		360,802
Creditors: Amounts Falling Due Within One Year	7	(1,409,019 )		(96,020 )

NET CURRENT ASSETS (LIABILITIES)			(154,051 )		264,782

TOTAL ASSETS LESS CURRENT LIABILITIES			2,323,065		264,782

Creditors: Amounts Falling Due After More Than One Year	8		(4,442,984 )		(1,335,685 )

NET LIABILITIES			(2,119,919 )		(1,070,903 )

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			(2,119,929 )		(1,070,913 )

SHAREHOLDERS' FUNDS			(2,119,919)		(1,070,903)