Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 02439090 Ms M Narishige Ms M Yoneyama Ms M Narishige iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02439090 2023-02-28 02439090 2024-02-29 02439090 2023-03-01 2024-02-29 02439090 frs-core:CurrentFinancialInstruments 2024-02-29 02439090 frs-core:FurnitureFittings 2024-02-29 02439090 frs-core:FurnitureFittings 2023-03-01 2024-02-29 02439090 frs-core:FurnitureFittings 2023-02-28 02439090 frs-core:PlantMachinery 2024-02-29 02439090 frs-core:PlantMachinery 2023-03-01 2024-02-29 02439090 frs-core:PlantMachinery 2023-02-28 02439090 frs-core:ShareCapital 2024-02-29 02439090 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 02439090 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 02439090 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 02439090 frs-bus:SmallEntities 2023-03-01 2024-02-29 02439090 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 02439090 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 02439090 frs-bus:Director1 2023-03-01 2024-02-29 02439090 frs-bus:Director2 2023-03-01 2024-02-29 02439090 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 02439090 frs-countries:EnglandWales 2023-03-01 2024-02-29 02439090 2022-02-28 02439090 2023-02-28 02439090 2022-03-01 2023-02-28 02439090 frs-core:CurrentFinancialInstruments 2023-02-28 02439090 frs-core:ShareCapital 2023-02-28 02439090 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 02439090
Narishige Europe Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 02439090
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2 2
Investment Properties 5 307,049 307,049
307,051 307,051
CURRENT ASSETS
Cash at bank and in hand 670,977 660,955
670,977 660,955
Creditors: Amounts Falling Due Within One Year 6 (8,432 ) (7,242 )
NET CURRENT ASSETS (LIABILITIES) 662,545 653,713
TOTAL ASSETS LESS CURRENT LIABILITIES 969,596 960,764
NET ASSETS 969,596 960,764
CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Income Statement 949,596 940,764
SHAREHOLDERS' FUNDS 969,596 960,764
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Ms M Yoneyama
Director
29 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Narishige Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02439090 . The registered office is Unit 7 Willow Business Park, Willow Way, London, SE26 4QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises of rentals receivable from investment properties.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
2.4. Investment Properties
Investment properties are shown at fair value, as estimated annually by the directors. No depreciation is provided for. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 19,153 24,789 43,942
As at 29 February 2024 19,153 24,789 43,942
Depreciation
As at 1 March 2023 19,152 24,788 43,940
As at 29 February 2024 19,152 24,788 43,940
Net Book Value
As at 29 February 2024 1 1 2
As at 1 March 2023 1 1 2
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 307,049
No charge to taxation would arise if the properties were sold at their current valuations.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 4,724 4,687
Taxation and social security 3,708 2,555
8,432 7,242
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,000 20,000
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