REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Japan England International Services |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Japan England International Services |
Limited |
Japan England International Services |
Limited (Registered number: 01934897) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Japan England International Services |
Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANT: |
PO Box 27075 |
London |
N2 0FZ |
Japan England International Services |
Limited (Registered number: 01934897) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium |
Special reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Japan England International Services |
Limited (Registered number: 01934897) |
Balance Sheet - continued |
31 December 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Japan England International Services |
Limited (Registered number: 01934897) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Japan England International Services Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The company and its subsidiaries combined meet the size exemption criteria for a group and the company is therefore exempt from the requirement to prepare consolidated financial statements by virtue of Section 297 of the Companies Act 2014. Consequently, these financial statements deal with the results of the company as a single entity. |
Turnover |
Turnover represents the total value of management services rendered during the year. |
On 1 January 2006 the company transferred over the insurance broking business to its subsidiary company, Japan England Insurance Brokers Limited. |
Investments in subsidiaries |
Investments in subsidiary and associate undertakings are recognised at cost less impairment. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Japan England International Services |
Limited (Registered number: 01934897) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Rentals payable under operating leases are taken to the income statement on a straight line basis over the lease term. |
Pension costs and other post-retirement benefits |
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable by the company amounted to £6,992 (2022 £6,900). All contributions were paid in the year. |
Deferred tax |
Deferred taxation is recognised as a liability or asset if transactions or events that give the company an obligation to pay more tax or a right to pay less tax in the future have occurred by the balance sheet date in accordance with FRS 19. |
Hire purchase and leasing commitments |
Rentals payable under operating leases are taken to the income statement on a straight line basis over the lease term. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST OR VALUATION |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Japan England International Services |
Limited (Registered number: 01934897) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 31 December 2023 is represented by: |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
Valuation in 2017 | 230,000 | - | 230,000 |
Valuation in 2017 | - | 20,894 | 20,894 |
Valuation in 2019 | 64,500 | - | 64,500 |
Valuation in 2021 | 40,183 | (20,894 | ) | 19,289 |
334,683 | - | 334,683 |
The following were the subsidiaries at the balance sheet date: |
Subsidiary undertakings |
Description and proportion of share capital owned |
Country of Incorporation |
Nature of business |
Japan England Insurance Brokers Limited |
Ordinary 78% |
GB |
Insurance Broking |
Korean Insurance Brokers Limited |
Ordinary 100% |
GB |
Dormant |
Asia Insurance Brokers Limited |
Ordinary 100% |
GB |
Dormant |
Japan Insurance Brokers Limited |
Ordinary 100% |
GB |
Dormant |
The company has not opted to prepare group accounts as allowed by s.398 of the Companies Act 2006. |
Financial information summary - subsidiary undertakings and participating interest: |
Aggregate Capital and reserves at last accounting date |
Results for the last financial period |
£ | £ |
Japan England Insurance Brokers Limited | 948,505 | 104,223 |
======= | ====== |
The company holds 61.11% of the share capital in JIN (Japan) Limited in the sum of £19,289. At the last accounting date net assets were £117,519 and profit before tax amounted to £23,250. |
Japan England International Services |
Limited (Registered number: 01934897) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Amounts owed by related undertakings | 29,719 | 29,720 |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Amounts owed to participating interests | 1,572 | 1,474 |
Tax |
Social security and other taxes |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 200,000 | 200,000 |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr K Sano. |
Mr Sano is the managing director and a majority shareholder of the parent company Japan Risks Consultants (Hong Kong) Limited. |