LEES OF SCOTLAND LIMITED

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.

1. LEES OF SCOTLAND LIMITED 1992-02-21 → present
2. JOHN J. LEES PUBLIC LIMITED COMPANY 1951-03-29 → 1992-02-21

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“When considering going concern, forecasts have been built on a bottom-up basis and stress tested to prepare an approved budget and strategic plan used as a basis for reviewing going concern. Risks and opportunities have been considered, and severe but plausible downside risks have been assessed. Having reviewed the Group's short and medium-term plans and available financial facilities, the Board has reasonable expectations that the Group, and therefore the Company, has adequate resources to continue to operate for the foreseeable future. In making this assessment, the directors have assumed that the amounts owed to Finsbury Food Group Limited, which as at 28 June 2025 amounted to £61,000 (2024: £nil) will not be repayable during the going concern period and the Company has received a support letter from Finsbury Food Group Limited (the "Group") stating that, if required, the Group will assist the company in meetings its liabilities, as they fall due for a period no less than 12 months from the date of signing these financial statements. The directors are comfortable with this support based on the factors described below. Finsbury Food Group Limited continues to operate in a complex trading environment with pressure from inflation, supply chain disruptions, labour availability impacted by the pandemic, political, economic and legislative changes. A £145 million banking facility which is committed until at least May 2028, and is held by the Group's immediate parent Company, UK Frisbee Debtco Limited ("Debtco"). The Group meets its funding requirements through this facility and internal cash generation. The Group's forecasts, taking account of possible changes in trading performance, show that the Group will be able to operate comfortably within the current bank facilities and covenants. After making enquiries, the Directors, some of whom are also directors of Finsbury Foods Group Limited, have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Board continues to adopt the going concern basis in preparing the Financial Statements for both the Group and the Subsidiary Companies.”

Significant events

• “On 27 January 2023 the entire share capital of the company's ultimate parent undertaking Lees Foods Limited was acquired by Finsbury Food Group Plc. Capital commitments totalling £15,000 at the end of the financial year (2025) for which no provision has been made.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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