ACCOUNTS - Final Accounts

Registered number: 10246254

TASAKI UK LTD.

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2025

TASAKI UK LTD.

COMPANY INFORMATION

Directors	T Ogawa
	J De Oliveira
	W Yau (resigned 31 December 2024)
	T Kimura (appointed 1 February 2025)


Registered number	10246254


Registered office	170 New Bond Street
	London
	W1S 4RB


Independent auditor	Blick Rothenberg Audit LLP
	Chartered Accountants & Statutory Auditor
	16 Great Queen Street
	Covent Garden
	London
	WC2B 5AH

TASAKI UK LTD.

CONTENTS

	Page
Statement of Financial Position	1
Statement of Changes in Equity	2 - 3
Notes to the Financial Statements	4 - 11

TASAKI UK LTD.

REGISTERED NUMBER: 10246254

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2025

		2025		Restated 2024
Note		£		£

Fixed assets
Tangible assets	4		130,006		9,588
			130,006		9,588
Current assets
Debtors: amounts falling due within one year	5	2,998,615		2,416,470
Cash at bank and in hand	6	549,444		543,813
		3,548,059		2,960,283
Creditors: amounts falling due within one year	7	(11,552,942)		(8,592,073)
Net current liabilities			(8,004,883)		(5,631,790)
Total assets less current liabilities			(7,874,877)		(5,622,202)

Net liabilities			(7,874,877)		(5,622,202)

Capital and reserves
Called up share capital	20,000	20,000
Profit and loss account	(7,894,877)	(5,642,202)
	(7,874,877)	(5,622,202)

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 statement of comprehensive income 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 on 16 June 2026.

J De Oliveira

Director

The notes on pages 4 to 11 form part of these financial statements.

Page 1


		TASAKI UK LTD.

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2024	20,000	(5,642,202)	(5,622,202)
Comprehensive income for the year
Loss for the year	-	(2,252,675)	(2,252,675)
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	(2,252,675)	(2,252,675)
At 31 October 2025	20,000	(7,894,877)	(7,874,877)

The notes on pages 4 to 11 form part of these financial statements.

Page 2


		TASAKI UK LTD.

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2023	20,000	(5,210,000)	(5,190,000)
Comprehensive income for the year
Loss for the year	-	(432,202)	(432,202)
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	(432,202)	(432,202)
At 31 October 2024	20,000	(5,642,202)	(5,622,202)

The notes on pages 4 to 11 form part of these financial statements.

Page 3

TASAKI UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Tasaki UK Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the registered office and principal place of business is 170 New Bond Street, London W1S 4RB.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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

Going concern

The accounts show that the company made a loss of £2,252,675 (2024: £432,202) in the period and had net liabilities of £7,874,877 (2024: £5,622,204) at the balance sheet date. The directors have considered the impact of the post balance sheet event described in note 13 in preparing the Company’s cash flow forecasts and projections

The forecasts indicate that the Company will require continuing financial support from its immediate parent company in order to maintain sufficient liquidity. The immediate parent company has confirmed that it will continue to provide such support.

Having made appropriate enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 4

TASAKI UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 5

TASAKI UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

				Fixtures and fittings	-	3 years
				Office equipment	-	3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

TASAKI UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash
flows and subsequently at amortised cost using the effective interest method. Debt instruments that
are payable or receivable within one year, typically trade debtors and creditors, are measured, initially
and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid
or received. However, if the arrangements of a short-term instrument constitute a financing
transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
at the present value of future cash flows discounted at a market rate of interest for a similar debt
instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the
case of a small company, or a public benefit entity concessionary loan.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the year was 11 (2024: 9).

Page 7

TASAKI UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£
Cost or valuation
At 1 November 2024	1,984	46,742	48,726
Additions	153,845	4,451	158,296
At 31 October 2025	155,829	51,193	207,022
Depreciation
At 1 November 2024	1,142	37,996	39,138
Charge for the year on owned assets	32,152	5,726	37,878
At 31 October 2025	33,294	43,722	77,016
Net book value
At 31 October 2025	122,535	7,471	130,006
At 31 October 2024	842	8,746	9,588

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TASAKI UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	26,400	-
Amounts owed by group undertakings	2,826,191	1,935,514
Other debtors	97,437	43,615
Prepayments and accrued income	48,587	437,341
	2,998,615	2,416,470

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	549,444	543,813
	549,444	543,813

7.	Creditors: Amounts falling due within one year
		2025	Restated 2024
		£	£

Trade creditors	83,542	188,357
Amounts owed to group undertakings	11,239,852	8,275,403
Other taxation and social security	52,207	19,526
Accruals and deferred income	177,341	108,787
	11,552,942	8,592,073

Amounts owed to group undertakings are repayable on demand.

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share share of £20,000.00	20,000	20,000

Page 9

TASAKI UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

9.	Prior year adjustment

The comparatives for the year ended 31 October 2024 have been restated. Short term loan advances from the conpany's parent undertaking had previously been classified, in the statement of financial position, as capital contributions. Whilst the parent had confirmed that such advances did not require repayment until such time as the company was able to, the arrangements with the parent did not explicitly state that the loan advances had been waived as capital contributions. Consequently, the directors have restated the comparatives to record such short term loan advances as liabilities due within one year. There was no impact on the statement of comprehensive income as a consequence of these adjustments.

.	Prior year adjustment effects as at 31 October 2025
		As Previously Reported	Movement	As Restated
		£	£	£

Statement of Financial Position
Creditors: amounts falling due within one year	(831,779)	7,760,296	(8,592,075)
Net assets/(liabilities)	2,138,092	(7,760,296)	(5,622,204)
Reconciliation of changes in equity
Called up share capital	20,000	-	20,000
Capital contribution	7,760,296	(7,760,296)	-
Profit and loss account	(5,642,204)	-	(5,642,204)
Total equity	2,138,092	(7,760,296)	(5,622,204)

10.	Pension commitments

The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £NIL (2023: NIL) were due to the fund.

11.	Related party transactions
	The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.

Page 10

TASAKI UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

12.	Post balance sheet events

Following the reporting date, the Company has identified the following non-adjusting post balance sheet events:

Cease of main business

Subsequent to the reporting date, the Company ceased its principal source of business, being the provision of management services to a group trading operation. The Company’s remaining activity comprises the operation of a tenant shop. As a result, the Company expects a significant reduction in its future revenue and may incur restructuring costs. Any resulting financial effects will be recognised in the financial statements for the period in which they arise.

New Loan Arrangement

Subsequent to the reporting date, the Company entered into a new loan agreement. The related proceeds and obligations will be recognised in the financial statements for the year ending 31 October 2026.

Amendment to Existing Loan Terms

The terms of an existing loan agreement were modified after the reporting date. The financial effects of the modification, including any remeasurement of the liability, will be recognised in the period in which the modification becomes effective.

13.	Controlling party

The company is a subsidiary of Tasaki & Co., Ltd which draws up the consolidated financial statements. The address of the registered office of Tasaki & Co., Ltd. is 3-2 6-Chome, Minatojima Naka-Machi, Chuo-Ku, Kobe, Japan, 650-0046.

14.	Auditor's information

The auditor's report on the financial statements for the year ended 31 October 2025 was unqualified.

The audit report was signed on 16 June 2026 by Yusuke Takanishi (Senior Statutory Auditor) on behalf of Blick Rothenberg Audit LLP.

Page 11