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REGISTERED NUMBER: 02439090 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Narishige Europe Limited

Narishige Europe Limited (Registered number: 02439090)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Narishige Europe Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Ms M Narishige
Ms M Yoneyama





SECRETARY: Ms M Narishige





REGISTERED OFFICE: Unit 7 Willow Business Park
Willow Way
London
SE26 4QP





REGISTERED NUMBER: 02439090 (England and Wales)

Narishige Europe Limited (Registered number: 02439090)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2
Investment property 5 307,049 307,049
307,051 307,051

CURRENT ASSETS
Debtors 6 - 2,258
Cash at bank 660,955 644,052
660,955 646,310
CREDITORS
Amounts falling due within one year 7 7,242 7,129
NET CURRENT ASSETS 653,713 639,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

960,764

946,232

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 940,764 926,232
SHAREHOLDERS' FUNDS 960,764 946,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:




Ms M Yoneyama - Director


Narishige Europe Limited (Registered number: 02439090)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The company is a private company, limited by shares and registered in England and Wales. Its registered number is 02439090 and its registered office is at Unit 7, Willow Business Park, Willow Way, London SE26 4QP.

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.

Revenue
Revenue, described as turnover, comprises of rentals receivable from investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment properties are shown at fair value, as estimated by the directors. Any movements in fair
value are recognised in arriving at the profit before tax. Deferred tax is provided against these
movements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Narishige Europe Limited (Registered number: 02439090)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 19,153 24,789 43,942
DEPRECIATION
At 1 March 2022
and 28 February 2023 19,152 24,788 43,940
NET BOOK VALUE
At 28 February 2023 1 1 2
At 28 February 2022 1 1 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 307,049
NET BOOK VALUE
At 28 February 2023 307,049
At 28 February 2022 307,049

No charge to taxation would arise if the properties were sold at their current valuations.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2,258

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,280
Taxation and social security 2,555 3,032
Other creditors 4,687 1,817
7,242 7,129