Silverfin false 31/01/2023 01/02/2022 31/01/2023 P Hann 03/01/2017 19 October 2023 Principal activity of the company during the financial year was of publishing of computer games. 10543440 2023-01-31 10543440 bus:Director1 2023-01-31 10543440 2022-01-31 10543440 core:CurrentFinancialInstruments 2023-01-31 10543440 core:CurrentFinancialInstruments 2022-01-31 10543440 core:ShareCapital 2023-01-31 10543440 core:ShareCapital 2022-01-31 10543440 core:RetainedEarningsAccumulatedLosses 2023-01-31 10543440 core:RetainedEarningsAccumulatedLosses 2022-01-31 10543440 core:OtherPropertyPlantEquipment 2022-01-31 10543440 core:OtherPropertyPlantEquipment 2023-01-31 10543440 core:UnlistedNon-exchangeTraded core:WithinOneYear 2023-01-31 10543440 core:UnlistedNon-exchangeTraded core:WithinOneYear 2022-01-31 10543440 bus:OrdinaryShareClass1 2023-01-31 10543440 2022-02-01 2023-01-31 10543440 bus:FullAccounts 2022-02-01 2023-01-31 10543440 bus:SmallEntities 2022-02-01 2023-01-31 10543440 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 10543440 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 10543440 bus:Director1 2022-02-01 2023-01-31 10543440 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-02-01 2023-01-31 10543440 2021-02-01 2022-01-31 10543440 core:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 10543440 core:OtherPropertyPlantEquipment 1 2022-02-01 2023-01-31 10543440 1 2022-02-01 2023-01-31 10543440 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 10543440 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10543440 (England and Wales)

UKIYO PUBLISHING LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

UKIYO PUBLISHING LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

UKIYO PUBLISHING LIMITED

BALANCE SHEET

As at 31 January 2023
UKIYO PUBLISHING LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 6,852 8,936
6,852 8,936
Current assets
Debtors 5 99,106 5,636
Investments 6 410,943 0
Cash at bank and in hand 638,585 670,998
1,148,634 676,634
Creditors: amounts falling due within one year 7 ( 201,236) ( 124,038)
Net current assets 947,398 552,596
Total assets less current liabilities 954,250 561,532
Provision for liabilities 8 ( 1,682) ( 1,698)
Net assets 952,568 559,834
Capital and reserves
Called-up share capital 9 1 1
Profit and loss account 952,567 559,833
Total shareholders' funds 952,568 559,834

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of UKIYO Publishing Limited (registered number: 10543440) were approved and authorised for issue by the Director on 19 October 2023. They were signed on its behalf by:

P Hann
Director
UKIYO PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
UKIYO PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

UKIYO Publishing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 78 De Frene Road, Sydenham, London, SE26 4AG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Current tax
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.

The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Current and deferred tax assets and liabilities are not discounted.

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

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Specifically, judgements and estimates are required in determining the useful economic lives of fixed assets, the recoverability of trade debtors and the adoption of the going concern basis in preparing these accounts.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2022 34,788 34,788
Additions 1,492 1,492
At 31 January 2023 36,280 36,280
Accumulated depreciation
At 01 February 2022 25,852 25,852
Charge for the financial year 3,576 3,576
Other adjustment 0 0
At 31 January 2023 29,428 29,428
Net book value
At 31 January 2023 6,852 6,852
At 31 January 2022 8,936 8,936

5. Debtors

2023 2022
£ £
Trade debtors 4,525 5,403
Other debtors 94,581 233
99,106 5,636

6. Current asset investments

2023 2022
£ £
Other investments – at cost less impairment 400,000 0

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 695 2,179
Amounts owed to director 7,967 383
Accruals 121,128 58,048
Taxation and social security 65,855 61,138
Other creditors 5,591 2,290
201,236 124,038

8. Provision for liabilities

2023 2022
£ £
Deferred tax 1,682 1,698

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 0.10 each 1 1

10. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Director's Loan Account (7,967) (383)

The above is provided interest free, is repayable on demand and is unsecured.

Other related party transactions

2023 2022
£ £
Shareholder loan (5,591) (2,290)

The above is provided interest free, is repayable on demand and is unsecured.