Kubota Noodle Express UK Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Kubota Noodle Express UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14285940 . The registered office is Units 4-5 Brunswick Park, Brunswick Ind Est, Newcastle Upon Tyne, NE13 7BA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the provisions of the Companies Act 2006 applicable to entities subject to the small companies regime. The financial statements have been prepared under the historical cost convention. The directors consider that the financial statements present fairly the financial position of the company and its financial performance, and give a true and fair view of the assets, liabilities, financial position and profit or loss of the company in accordance with United Kingdom Generally Accepted Accounting Practice.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

For the year ended 31 March 2026, the company made a loss of £368,411 (2025: profit of £122,747) and, at that date, had net current liabilities of £71,830 (2025: net current assets of £235,922). The company is dependent upon continued financial support in order to meet its liabilities as they fall due.

The directors have received a written letter of support from the company's principal shareholder, Kubota Mengyo Co. Ltd, confirming its intention to provide financial support to the company for the foreseeable future and to ensure that the company is able to meet its obligations as they fall due.

Having considered the company's trading position and the support available from its principal shareholder, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3. Significant judgements and estimations

The directors consider that there are no critical judgements or key sources of estimation uncertainty that require disclosure, as there are no significant assumptions or estimates that have a material impact on the amounts recognised in these financial statements.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10%
Plant & Machinery	25%
Fixtures & Fittings	25%

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Kubota Noodle Express UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.9. Operating Leases

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the term of the lease, even if the payments are not made on such a basis.

Lease incentives received are recognised as an integral part of the total lease expense and are spread over the lease term on a straight-line basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 6)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2025	-	82,857	1,482	84,339
Additions	61,595	307,177	-	368,772

As at 31 March 2026	61,595	390,034	1,482	453,111

Depreciation
As at 1 April 2025	-	15,572	940	16,512
Provided during the period	5,332	29,926	495	35,753

As at 31 March 2026	5,332	45,498	1,435	52,265

Net Book Value
As at 31 March 2026	56,263	344,536	47	400,846

As at 1 April 2025	-	67,285	542	67,827

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Kubota Noodle Express UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	113,918	296,633
Other debtors	94,014	81,435

	207,932	378,068

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	146,079	107,339
Amounts owed to group undertakings	160,000	-
Other creditors	10,807	23,000
Taxation and social security	-	41,838

	316,886	172,177

Amounts owed to group undertakings are unsecured. Further details, including interest rates and repayment terms, are set out in Note 8

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Amounts owed to group undertakings	325,410	10,410

Borrowings from Group Undertakings

Amounts owed to group undertakings comprise borrowings from Japan Food Express Limited and Ayoma Investment Brain Limited.

Borrowings from Japan Food Express Limited total £140,410 at the reporting date. Of this balance:

£10,410 is unsecured, interest-free.

£130,000 is subject to interest at a rate of 3.75% per annum and is repayable on 31 March 2032. This amount was advanced in March 2026.

Borrowings from Ayoma Investment Brain Limited amount to £345,000 at the reporting date. These loans are unsecured and bear interest at 5% per annum. Repayment is to be made in instalments in accordance with the terms agreed in the borrowing agreement. Of the total borrowings from Ayoma Investment Brain Limited, £160,000 is repayable within one year and is therefore included within creditors falling due within one year, with the remaining balance classified as falling due after more than one year.

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
Additions	78,678	78,678

Balance at 31 March 2026	78,678	78,678

Deferred tax arises primarily from timing differences between the accounting treatment of depreciation and the corresponding capital allowances.No deferred tax asset has been recognised on the tax loss, as there is insufficient evidence that future taxable profits will be available to utilise the losses in accordance with applicable accounting standards.

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Kubota Noodle Express UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	4	4

10. Financial Instruments

The company’s financial instruments comprise cash at bank, trade debtors, trade creditors and amounts owed to group undertakings. The main purpose of these financial instruments is to finance the company’s operations.

The company is exposed to basic financial risks including interest rate risk and liquidity risk. Interest rate risk arises on borrowings from group undertakings where interest is charged at fixed rates. Liquidity risk is managed by maintaining sufficient cash resources and through continued financial support from shareholders and group undertakings to meet liabilities as they fall due.

The maturity profile of financial liabilities is such that amounts falling due are repayable within one year or over a longer period as disclosed in Notes 8 and 9.

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	96,650	-
Later than one year and not later than five years	96,650	-

	193,300	-

12. Post Balance Sheet Events

There have been no events since the balance sheet date which would require disclosure or adjustment to the financial statements.

13. Related Party Transactions

During the year ended 31 March 2026, Kubota Noodles Express UK Limited engaged in transactions with related parties who are also shareholders of the company, namely Japan Food Express Limited and Ayoma Investment Brain Limited. In addition, Kubota Noodles GmbH and ScotchFrost Glasgow Ltd are also considered a related party .

Sales to Japan Food Express Limited and ScotchFrost Glasgow Ltd amounted to £666,253 (2025-111,413.75 )and £23,560 (2025-294,918.36) respectively.

Purchases from Japan Food Express Limited and ScotchFrost Glasgow Ltd amounted to £113,574.11 (2025-104,529.14) and £Nil (2025- 287,233.87) respectively.

At the reporting date:

Trade receivables included £113,918.25(2025-10,895.00) due from Japan Food Express Limited .

Trade payables included £1,611.00(2025-12,893.43 )owed to Japan Food Express Limited.

In addition, the company has outstanding balances with group undertakings and participating interests as disclosed in Notes 7 and 8. Full details of the nature, terms, interest rates and repayment conditions of these balances are provided in Note 8.

All related party transactions were undertaken on terms equivalent to those prevailing in arm’s length transactions. Unless otherwise stated, outstanding balances are unsecured, interest-free and repayable on demand.

14. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

15. Audit Information

The auditor's report on the accounts of Kubota Noodle Express UK Ltd for the year ended 31 March 2026 was unqualified.

The auditor's report was signed by Dalvir Johal (Senior Statutory Auditor) for and on behalf of Ballantyne & Company Ltd , Statutory Auditor.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		400,846		67,827

			400,846		67,827
CURRENT ASSETS
Stocks		29,566		25,060
Debtors	5	207,932		378,068
Cash at bank and in hand		7,558		4,971

		245,056		408,099
Creditors: Amounts Falling Due Within One Year	6	(316,886 )		(172,177 )

NET CURRENT ASSETS (LIABILITIES)			(71,830 )		235,922

TOTAL ASSETS LESS CURRENT LIABILITIES			329,016		303,749

Creditors: Amounts Falling Due After More Than One Year	7		(325,410 )		(10,410 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(78,678 )		-

NET (LIABILITIES)/ASSETS			(75,072 )		293,339

CAPITAL AND RESERVES
Called up share capital	9		4		4
Share premium account			99,996		99,996
Profit and Loss Account			(175,072 )		193,339

SHAREHOLDERS' FUNDS			(75,072)		293,339