Company registration number: 04891553
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FOR THE YEAR ENDED
30 SEPTEMBER 2022
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MARCUS EVANS (JAPAN) LIMITED
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MARCUS EVANS (JAPAN) LIMITED
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COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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MARCUS EVANS (JAPAN) LIMITED
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CONTENTS
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Statement of Financial Position
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Statement of Changes in Equity
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Notes to the Financial Statements
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MARCUS EVANS (JAPAN) LIMITED
REGISTERED NUMBER:04891553
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STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Capital redemption reserve
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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
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The notes on pages 3 to 6 form part of these financial statements.
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MARCUS EVANS (JAPAN) LIMITED
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Capital redemption reserve
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Comprehensive income for the year
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Currency translation differences
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Comprehensive income for the year
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Currency translation differences
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The notes on pages 3 to 6 form part of these financial statements.
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MARCUS EVANS (JAPAN) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Marcus Evans (Japan) Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is Magnus House, 7th Floor, 3 Lower Thames Street, London, EC3R 6HE. Its principal place of business is 2-2-7 Tsukiji, Chuo-ku, Tokyo, 104-0045, Japan.
2.Accounting policies
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Basis of preparation of financial statements
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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 following principal accounting policies have been applied:
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Basis other than a going concern
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Company has net liabilities of £21,550 (2021 - £279,144).
The intention of the directors is to fulfil the events currently scheduled and then cease activity in an orderly manner, setting any third party liabilities due. The Company will the become dormant.
Accordingly, the directors consider it appropriate for the financial statements to be prepared on a basis other than going concern.
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Foreign currency translation
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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, and the 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.
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 amounts 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 invoices are recorded as deferred income.
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 financial year but paid prior to the year end are recorded as prepayments in the statement of financial position.
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MARCUS EVANS (JAPAN) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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:
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Long-term leasehold property
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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.
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 and loans to and from related parties.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
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Operating leases: the company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
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The average monthly number of employees, including directors, during the year was 0 (2021 - 12).
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MARCUS EVANS (JAPAN) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Long-term leasehold property
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Amounts owed by group undertakings
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Prepayments and accrued income
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MARCUS EVANS (JAPAN) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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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.
The auditors' report on the financial statements for the year ended 30 September 2022 was unqualified.
The audit report was signed on 12 September 2024 by Andrew Cook FCA (Senior Statutory Auditor) on behalf of Menzies LLP.
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