REGISTERED NUMBER: 01150986 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Biogen (Restaurant) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Ikeda

S Hatakeyama

K Ikeda

D Ikeda

REGISTERED OFFICE:

30 Brook Street

London

W1K 5DJ

REGISTERED NUMBER:

01150986 (England and Wales)

ACCOUNTANTS:

Glassman & Company

Chartered Accountants

83 High Street

Redbourn

Hertfordshire

AL3 7LW

FIXED ASSETS

Tangible assets

4

531,459

550,995

CURRENT ASSETS

Stocks

96,848

81,635

Debtors

5

164,869

161,215

Investments

6

80,500

35,500

Cash at bank and in hand

226,399

426,720

568,616

705,070

CREDITORS

Amounts falling due within one year

7

263,812

295,516

NET CURRENT ASSETS

304,804

409,554

TOTAL ASSETS LESS CURRENT LIABILITIES

836,263

960,549

CREDITORS

Amounts falling due after more than one year

8

(5,833

)

(15,833

)

PROVISIONS FOR LIABILITIES

(16,140

)

(28,581

)

NET ASSETS

814,290

916,135

CAPITAL AND RESERVES

Called up share capital

5,200

5,200

Retained earnings

9

809,090

910,935

SHAREHOLDERS' FUNDS

814,290

916,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2026 and were signed on its behalf by:

Mrs K Ikeda - Director

1.	STATUTORY INFORMATION

Biogen (Restaurant) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation, except for long leasehold property which is not depreciated.

Depreciation is charged on a reducing balance basis calculated to write off the cost of the assets over their estimated useful lives. The applicable annual rates are:

Fixtures, fittings and equipment - 15%

Plant and machinery - 25%

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

390,770

417,448

808,218

Additions

-

10,385

10,385

Disposals

-

(8,048

)

(8,048

)

At 31 December 2024

390,770

419,785

810,555

DEPRECIATION

At 1 January 2024

-

257,223

257,223

Charge for year

-

25,319

25,319

Eliminated on disposal

-

(3,446

)

(3,446

)

At 31 December 2024

-

279,096

279,096

NET BOOK VALUE

At 31 December 2024

390,770

140,689

531,459

At 31 December 2023

390,770

160,225

550,995

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Other debtors

163,171

159,793

Amounts falling due after more than one year:

Other debtors

1,698

1,422

Aggregate amounts

164,869

161,215

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Investments

80,500

35,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

28,813

29,135

Amounts owed to group undertakings

75,658

75,658

Taxation and social security

90,650

107,037

Other creditors

58,691

73,686

263,812

295,516

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,833

15,833

9.

RESERVES

Retained

earnings

£

At 1 January 2024

910,935

Deficit for the year

(81,845

)

Dividends

(20,000

)

At 31 December 2024

809,090

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

K Ikeda

Balance outstanding at start of year

5,473

14,655

Amounts advanced

2,601

1,034

Amounts repaid

(216

)

(10,216

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,858

5,473

11.	RELATED PARTY DISCLOSURES

The company has made a loan to a company controlled by one of the directors. Interest is payable at 2.5% over base rate, with a minimum of 3%. The loan is unsecured and is repayable within three months notice of immediate repayment. The balance outstanding at 31 December 2024 was £104,807.

The controlling party is Mrs K Ikeda.

Mrs K Ikeda owned 60% of the issued shares of the parent company, Okame Enterprises Limited, at the balance sheet date.