Cgn Restaurants Limited

The principal activity of the company in the year under review was that of operating quick service restaurants. GOING CONCERN The balance sheet as at 31 December 2025 shows a net current liability position of £3,577,246 (2024: £7,864,244) and a deficit in shareholders funds of £1,284,900 (2024: £1,128,045). During the year, the company obtained external bank finance in order to settle a significant balance with the Franchisor. The Company continues to meet its other day to day working capital requirements through operating cash flows. The directors have prepared detailed cash flow forecasts covering a period of at least 12 months from the date of approval of these financial statements. These forecasts include expected trading performance, committed capital expenditure and scheduled loan repayments. The forecasts demonstrate that the company has sufficient liquidity during the assessment period. Having reviewed these forecasts together with available banking facilities and expected support available from the franchisor, the directors conclude that the company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting.