General Information
Mizuno Gakuen London Limited is a private company, limited by shares, registered in England and Wales, registration number 14890509, registration address Units 4 & 5 Gateway Central White City Place, 187 Wood Lane, London, England, W12 7SA.
The presentation currency is £ sterling.
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Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS102 1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the company.
Accounting period The Company had prepared the financial statements for the period from 24 May 2023 to 31 March 2024.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Fixtures and Fittings: 5 years straight line
Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2. |
Average number of employees
Average number of employees during the period was 1.
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3. |
Audit Information
The auditor's report on the accounts of Mizuno Gakuen London Limited for the year ended 31 March 2024 was unqualified.
The auditor's report was signed by Sangyai Jonathan Pitayanukul (Senior Statutory Auditor)
for and on behalf of P and Co (Partners) LLP Chartered Accountants and Statutory Auditors on 28 November 2024.
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4. |
Tangible fixed assets
Cost or valuation |
Fixtures and Fittings |
|
Total |
|
£ |
|
£ |
At 24 May 2023 |
- |
|
- |
Additions |
4,553 |
|
4,553 |
Disposals |
- |
|
- |
At 31 March 2024 |
4,553 |
|
4,553 |
Depreciation |
At 24 May 2023 |
- |
|
- |
Charge for period |
285 |
|
285 |
On disposals |
- |
|
- |
At 31 March 2024 |
285 |
|
285 |
Net book values |
Closing balance as at 31 March 2024 |
4,268 |
|
4,268 |
Opening balance as at 24 May 2023 |
- |
|
- |
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5. |
Debtors: amounts falling due within one year
|
2024 £ |
Prepayments & Accrued Income |
15,007 |
Deposits paid |
8,885 |
VAT |
13,623 |
|
37,515 |
|
6. |
Creditors: amount falling due within one year
|
2024 £ |
Amounts Owed to Group Undertakings |
234,780 |
PAYE & Social Security |
18,954 |
Accrued Expenses |
67,764 |
Wages & Salaries Control Account |
46,861 |
|
368,359 |
The amounts owed to group undertakings are unsecured, interest free and repayable on demand.
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7. |
Share Capital
Allotted, called up and fully paid
|
2024 £ |
10,000
Ordinary shares of £1.00 each |
10,000 |
|
10,000 |
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8. |
Operating Lease Commitments
The company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Total future minimum lease payments under non-cancellable operating leases |
|
2024 £ |
Not later than one year |
|
58,850 |
|
|
58,850 |
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9. |
Immediate parent and ultimate controlling party
The immediate parent and ultimate controlling party is Mizuno Gakuen Ed., Ltd., a company incorporated in Japan. The registered office address is 5-29-2 Jingu-mae Shibuya-ku, Tokyo, Japan, 150-0001.
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