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Company registration number: 12610637







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2022


MARCUS EVANS EVENTS JAPAN LTD






































                        

 


MARCUS EVANS EVENTS JAPAN LTD
 


 
COMPANY INFORMATION


Directors
B Halil 
M P Studd 
M Van Os 




Registered number
12610637



Registered office
Magnus House
7th Floor

3 Lower Thames Street

London

EC3R 6HE




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


MARCUS EVANS EVENTS JAPAN LTD
 



CONTENTS



Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7


 


MARCUS EVANS EVENTS JAPAN LTD
REGISTERED NUMBER:12610637



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,405
2,916

  
24,405
2,916

Current assets
  

Debtors: amounts falling due within one year
 5 
428,202
141,881

Cash at bank and in hand
  
807,306
352,693

  
1,235,508
494,574

Creditors: amounts falling due within one year
 6 
(1,387,972)
(760,268)

Net current liabilities
  
 
 
(152,464)
 
 
(265,694)

Total assets less current liabilities
  
(128,059)
(262,778)

  

Net liabilities
  
(128,059)
(262,778)


Capital and reserves
  

Called up share capital 
  
100
100

Foreign exchange reserve
  
20,584
4,265

Profit and loss account
  
(148,743)
(267,143)

  
(128,059)
(262,778)


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 comprehensive income 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: 




................................................
M Van Os
Director
Date: 15 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 


MARCUS EVANS EVENTS JAPAN LTD
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022


Called up share capital
Foreign exchange reserve
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Loss for the period
-
-
(267,143)
(267,143)

Currency translation differences
-
4,265
-
4,265
Total comprehensive income for the period
-
4,265
(267,143)
(262,878)


Contributions by and distributions to owners

Shares issued during the period
100
-
-
100



At 1 October 2021
100
4,265
(267,143)
(262,778)


Comprehensive income for the year

Profit for the year
-
-
118,400
118,400

Currency translation differences
-
16,319
-
16,319
Total comprehensive income for the year
-
16,319
118,400
134,719


At 30 September 2022
100
20,584
(148,743)
(128,059)


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


MARCUS EVANS EVENTS JAPAN LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.


General information

Marcus Evans Events Japan Limited is a private company limited by shares, registered in England and Wales. The  principal place of business is Nihombashi Ningyocho Square 4F, 1-8-11 Nihombashi-Horidomecho, Chuo-ku, Tokyo, 103-0012, Japan. 
The prior reporting period is not comparable, this is due to the period being less than twelve months and the first reporting period of the entity.

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 Company has net liabilities of £128,059 (2021: £262,878), however the Company made a net profit of £118,400 (2021: loss of £267,143) and have cash reserves of £807,306 (2021: £352,693) at the year end.  
The financial statements have been prepared on a going concern basis, which assumes the company will continue to trade in operational existence for the foreseeable future.
Marcus Evans Holdings (IOM) Ltd has also confirmed that it will currently continue to provide financial resources as may be required for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements.
At the time of approving the financial statements, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and Company also has group financial support available in case of financial difficulties. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional currency is the Japanese Yen, being the currency of the primary economic environment in which the company operates. The company's presentational currency is GBP. 

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 


MARCUS EVANS EVENTS JAPAN LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.4

Revenue

Revenue arises from the provision of services in respect of management and arrangement of conferences. Revenue is measured at the fair value of the consideration received or receivable and represents amount for the provision of services in the normal course of business, net of discounts and other sales-related taxes.
Revenue is recognised at the completion of the conference, until which point the amounts invoiced are recorded as a deferred income.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

  
2.6

Event related expenses

Directly attributable event expenses are recognised in the year in which the event has been completed. Expenses that relate to an event taking place in a subsequent finanicial year but not paid prior to the year end are recorded as prepayments in the statement of financial position.

 
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:

Leasehold improvements
-
10%
Straight line
Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line
Computer equipment
-
25%
Straight line

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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average number of employees during the year was 19 (2021 -3).

Page 4

 


MARCUS EVANS EVENTS JAPAN LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

4.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2021
-
-
-
3,050
3,050


Additions
2,980
12,842
938
7,457
24,217


Exchange adjustments
-
-
-
(206)
(206)



At 30 September 2022

2,980
12,842
938
10,301
27,061



Depreciation


At 1 October 2021
-
-
-
134
134


Charge for the year on owned assets
25
481
110
1,946
2,562


Exchange adjustments
-
(6)
(1)
(33)
(40)



At 30 September 2022

25
475
109
2,047
2,656



Net book value



At 30 September 2022
2,955
12,367
829
8,254
24,405



At 30 September 2021
-
-
-
2,916
2,916

Page 5

 


MARCUS EVANS EVENTS JAPAN LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
23,903
68,996

Amounts owed by group undertakings
57,634
-

Other debtors
78,744
6,659

Prepayments and accrued income
267,921
66,226

428,202
141,881



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
25,274
45,444

Amounts owed to group undertakings
-
328,534

Corporation tax
848
577

Other taxation and social security
134,443
9,408

Other creditors
127,608
80,866

Accruals and deferred income
1,099,799
295,439

1,387,972
760,268



7.


Commitments under operating leases

At 30 September 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
72,025
-

Later than 1 year and not later than 5 years
90,031
-

162,056
-


8.


Controlling party

The parent company of the smallest and largest group of which the company is a member and for which group accounts are prepared is Marcus Evans Conferences Ltd, the address of its registered office is Magnus House, 7th Floor, 3 Lower Thames Street, London, EC3R 6HE. 

Page 6

 


MARCUS EVANS EVENTS JAPAN LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2022 was unqualified.

The audit report was signed on 15 September 2024 by Andrew Cook FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 7