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Registered number: 13426305









KIBAYASHI & FOREST LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
KIBAYASHI & FOREST LTD
REGISTERED NUMBER: 13426305

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
  
1,200
-

Tangible assets
 6 
1,016
1,010

  
2,216
1,010

Current assets
  

Stocks
 7 
6,000
7,501

Debtors: amounts falling due within one year
 8 
39,750
41,515

Cash at bank and in hand
 9 
322,148
271,650

  
367,898
320,666

Creditors: amounts falling due within one year
 10 
(132,697)
(115,384)

Net current assets
  
 
 
235,201
 
 
205,282

Total assets less current liabilities
  
237,417
206,292

  

Net assets
  
237,417
206,292


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
237,317
206,192

  
237,417
206,292


Page 1

 
KIBAYASHI & FOREST LTD
REGISTERED NUMBER: 13426305
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Hills-Szumlicki
Director

Date: 25 April 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KIBAYASHI & FOREST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Kibayashi & Forest Ltd is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 2 Newport Place, London, WC2H 7JP.
The company's principal activity is that of a licensed restaurant. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

The company's turnover comprises revenue received in respect of food and beverage sales in relation to the restaurant business during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the period.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
KIBAYASHI & FOREST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line
Computer equipment
-
20%
Straight line


3.


Employees

The average monthly number of employees, including directors, during the year was 36 (2023 - 33).

Page 4

 
KIBAYASHI & FOREST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Adjustments in respect of previous periods
(11)
60


(11)
60


Total current tax
(11)
60

Deferred tax

Total deferred tax
-
-


Tax on profit
(11)
60

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2023 - 19%).



Factors that may affect future tax charges

From 1 April 2023, the main rate of UK corporation tax has been increased to 25 per cent for businesses with profits greater than £250,000. Businesses with profits of £50,000 or less will continue to be taxed at 19% with marginal relief for profits up to £250,000.

Page 5

 
KIBAYASHI & FOREST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Intangible assets




Computer software

£



Cost


Additions
1,500



At 31 May 2024

1,500



Amortisation


Charge for the year on owned assets
300



At 31 May 2024

300



Net book value



At 31 May 2024
1,200



At 31 May 2023
-



Page 6

 
KIBAYASHI & FOREST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
738
457
1,195


Additions
-
274
274



At 31 May 2024

738
731
1,469



Depreciation


At 1 June 2023
155
31
186


Charge for the year on owned assets
148
119
267



At 31 May 2024

303
150
453



Net book value



At 31 May 2024
435
581
1,016


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
6,000
7,501

6,000
7,501


Page 7

 
KIBAYASHI & FOREST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
30,000
30,000

Other debtors
8,239
10,815

Called up share capital not paid
100
100

Prepayments and accrued income
1,411
600

39,750
41,515



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
322,148
271,650

322,148
271,650



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
29,177
2,280

Amounts owed to group undertakings
57,346
72,455

Other taxation and social security
43,424
38,559

Accruals and deferred income
2,750
2,090

132,697
115,384



11.


Pension commitments

The company operated a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,641 (2023: £4,741). The outstanding balance at the year end amounted to a £284 overpayment (2023: £590 overpayment).


12.


Transactions with directors

At the balance sheet, the director owed the company a balance of £224 (2023: £10,224). This balance was repaid within 9 months of the year end. 

Page 8