LYLE'S RESTAURANTS LIMITED

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  Material uncertainty over going concern

  Material uncertainty related to going concern We draw attention to Note 1.2 to the financial statements, which indicates that the Company has ceased its trading operations during the year. As set out in Note 1.2, the directors have prepared the financial statements on a going concern basis on the grounds that the Company is expected to continue to receive financial support from its parent undertaking/group, which has confirmed its intention and ability to provide such support for a period of at least twelve months from the date of approval of the financial statements. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

McMillan Woods Audits Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Material uncertainty related to going concern We draw attention to Note 1.2 to the financial statements, which indicates that the Company has ceased its trading operations during the year. As set out in Note 1.2, the directors have prepared the financial statements on a going concern basis on the grounds that the Company is expected to continue to receive financial support from its parent undertaking/group, which has confirmed its intention and ability to provide such support for a period of at least twelve months from the date of approval of the financial statements. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “In April 2025, the Group refinanced its existing debt facilities, including the CBILS loan and the senior bank loan guaranteed by the Company. As part of this refinancing, the outstanding balances on both loans were repaid in full and replaced with a new financing facility, which was drawn after the reporting date. These transactions occurred after the reporting date and therefore do not affect the amounts recognised in these financial statements.”
• “In May 2025, the company ceased operations at Lyle's restaurant following the departure of James Lowe, who also resigned as a director. JKS Restaurants Holdings Limited purchased James Lowe's equity in the company and now owns 100% of the company.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.