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Company No: 02493887 (England and Wales)

TAKASAGO (UK) LIMITED

Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

TAKASAGO (UK) LIMITED

Financial Statements

For the financial year ended 31 December 2024

Contents

TAKASAGO (UK) LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
TAKASAGO (UK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS P Dalle-Molle
Y Kobayashi
REGISTERED OFFICE First Floor Scammell House
9 High Street
Ascot
SL5 7JF
United Kingdom
COMPANY NUMBER 02493887 (England and Wales)
AUDITOR Dixon Wilson Audit Services LLP
22 Chancery Lane
London
WC2A 1LS
BANKERS National Westminster Bank Plc
12 High Street
Windsor
Berkshire
SL4 1NQ
SOLICITORS Gregory Rowcliffe & Milners
1 Bedford Row
London
WC1R 4BZ
TAKASAGO (UK) LIMITED

BALANCE SHEET

As at 31 December 2024
TAKASAGO (UK) LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 9,723 10,589
9,723 10,589
Current assets
Debtors
- due within one year 4 604,705 431,504
- due after more than one year 4 13,664 0
Cash at bank and in hand 66,020 60,923
684,389 492,427
Creditors: amounts falling due within one year 5 ( 515,759) ( 393,759)
Net current assets 168,630 98,668
Total assets less current liabilities 178,353 109,257
Creditors: amounts falling due after more than one year 6 ( 62,149) 0
Provision for liabilities 149 ( 1,873)
Net assets 116,353 107,384
Capital and reserves
Called-up share capital 40,000 40,000
Profit and loss account 76,353 67,384
Total shareholders' funds 116,353 107,384

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Takasago (UK) Limited (registered number: 02493887) were approved and authorised for issue by the Board of Directors on 31 January 2025. They were signed on its behalf by:

Y Kobayashi
Director
TAKASAGO (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TAKASAGO (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Takasago (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is
First Floor
Scammell House
9 High Street
Ascot
Berkshire
SL5 7JF

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

The presentational currency is sterling (£) and amounts are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

The company's only source of income is from its parent company and is therefore wholly reliant on the continuing support of its parent company to continue as a going concern. Its parent company has indicated that it will continue to do business with and provide financial support for the foreseeable future and there are no indications that they will be unable to do so.

Turnover

Turnover represents amounts invoiced, excluding value added tax, in respect of the sale of services to the parent company. Turnover is calculated as a mark up on cost, and is recognised in line with accrued expenses.

Taxation

The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by their reporting date.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

**Depreciation**

Office equipment 4 years straight line

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as above.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distributions to the company's shareholder is recognised in the financial statements in the reporting period in which interim dividends are paid and final dividends are approved by the members.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors: 6 6

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2024 60,918 60,918
Additions 2,665 2,665
Disposals ( 5,006) ( 5,006)
At 31 December 2024 58,577 58,577
Accumulated depreciation
At 01 January 2024 50,329 50,329
Charge for the financial year 2,698 2,698
Disposals ( 4,173) ( 4,173)
At 31 December 2024 48,854 48,854
Net book value
At 31 December 2024 9,723 9,723
At 31 December 2023 10,589 10,589

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Amounts owed by group undertakings 583,883 410,041
Other debtors 20,822 21,463
604,705 431,504
Debtors: amounts falling due after more than one year
Deferred tax asset 13,664 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 125,076 93,651
Other creditors 390,683 300,108
515,759 393,759

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 62,149 0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

The total amount of financial commitments not included in the balance sheet is £96,867 (2023 - £163,499). Financial commitments not included in the balance sheet relate solely to operating leases.

8. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by Steven Wakefield on behalf of Dixon Wilson Audit Services LLP.

9. Ultimate controlling party

Parent Company:

Takasago Europe Perfumery Laboratory SARL, incorporated in France.

The ultimate parent company and controlling party is Takasago International Corporation, incorporated in Japan.

The most senior parent entity producing publicly available financial statements is Takasago International Corporation. These financial statements are available upon request from Nissay Aroma Square, 17th Floor, 37-1 Kamata 5-Chome, Ohta-Ku, Tokyo, Japan.