ACCOUNTS - Final Accounts preparation

Registered number: 12426451

NOREEN RESTAURANTS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

NOREEN RESTAURANTS LTD

REGISTERED NUMBER: 12426451

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets			65,541		-
Current assets
Stocks		13,249		-
Debtors: amounts falling due within one year	5	32,296		290
Cash at bank and in hand		148,624		1,964
		194,169		2,254
Creditors: amounts falling due within one year	6	(772,317)		(62,639)
Net current liabilities			(578,148)		(60,385)

Net liabilities			(512,607)		(60,385)

Capital and reserves
Called up share capital	7	1,000	1,000
Profit and loss account		(513,607)	(61,385)
		(512,607)	(60,385)

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 statement of income and retained earnings 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:

H Isa

Director

Date: 18 July 2026

The notes on pages 2 to 7 form part of these financial statements.

Page 1

NOREEN RESTAURANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Noreen Restaurants Ltd is a private company, limited by shares, and is incorporated in England and Wales. The address of its registered office is 1501, 4 Merchant Square, Harbet Road, London, W2 1AP.

The functional and presentation currency is Pounds Sterling (£).

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

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of the financial statements.

The company occupies premises owned by Noreen Ltd, a fellow group undertaking. The company has received financial support from Sea Gate Estate W.L.L., its immediate parent undertaking, and from other group undertakings. The directors have received confirmation that group support will continue and that amounts due to group undertakings will not be called for repayment in the foreseeable future.

Having reviewed forecasts and available funding arrangements, the director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

Page 2

NOREEN RESTAURANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

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

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

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.

2.5

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

NOREEN RESTAURANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

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 corporation 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.

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

Depreciation is provided on the following basis:

				Catering equipment and utensils	-	25%
				Computer equipment	-	33%

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.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, 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 4

NOREEN RESTAURANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.11

Creditors

Short-term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 29 (2024 - 1).

4.	Tangible fixed assets

	Catering equipment and utensils	Computer equipment	Total
	£	£	£
Cost
Additions	73,919	2,640	76,559
At 31 December 2025	73,919	2,640	76,559
Depreciation
Charge for the year on owned assets	10,442	576	11,018
At 31 December 2025	10,442	576	11,018
Net book value
At 31 December 2025	63,477	2,064	65,541
At 31 December 2024	-	-	-

Page 5

NOREEN RESTAURANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	8,005	-
Other debtors	17,972	290
Prepayments and accrued income	6,319	-
	32,296	290

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

Trade creditors	96,177	-
Amounts owed to group undertakings	421,693	61,189
Other taxation and social security	28,549	-
Other creditors	61,630	-
Accruals and deferred income	164,268	1,450
	772,317	62,639

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each	1,000	1,000

8.	Contingent liabilities

The company is a member of value added tax group of companies. It is thereby jointly and severally liable for any value added tax liabilities by members of the group. As at 31 December 2025 the extent of this liability was £152,907 (2024 - £Nil).

9.	Pension commitments

The company operates 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 costs charge
represents contributions payable by the company to the fund and amounted to £6,920 (2024 - £Nil).
Contributions totalling £3,692 (2024 - £2,670) were payable to the fund at the balance sheet date and are
included in creditors.

Page 6

NOREEN RESTAURANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.	Related party transactions
	The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group. At the balance sheet date, the amount due to the director was £35,994 (2024 - £Nil).

11.	Ultimate parent undertaking

The immediate parent undertaking is Sea Gate Estate W.L.L., a company incorporated in the Kingdom of Bahrain. The address of its registered office is 136 83 Jeblat Hibshi, Block 433, Bahrain, 20575.

The ultimate parent undertaking is RHRI Holding Limited, a company incorporated in the British Virgin Islands.

Page 7