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REGISTERED NUMBER: 02505348 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Kodansha Europe Limited

Kodansha Europe Limited (Registered number: 02505348)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kodansha Europe Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T C E Wilkes
H Kurita
T Sakuda
Y Takami
A Lu





SECRETARY: T C E Wilkes





REGISTERED OFFICE: 6 Mitre Passage
Greenwich Peninsular
London
SE10 0ER





REGISTERED NUMBER: 02505348 (England and Wales)





AUDITORS: Merchant Mackinlay Simpson Ltd
Statutory Auditors
2 Craven Road
Ealing
London
W5 2UA

Kodansha Europe Limited (Registered number: 02505348)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,052 2,176

CURRENT ASSETS
Stocks 967,270 920,808
Debtors 5 222,982 173,390
Cash at bank 466,024 320,313
1,656,276 1,414,511
CREDITORS
Amounts falling due within one year 6 626,530 645,255
NET CURRENT ASSETS 1,029,746 769,256
TOTAL ASSETS LESS CURRENT LIABILITIES 1,030,798 771,432

PROVISIONS FOR LIABILITIES 263 446
NET ASSETS 1,030,535 770,986

CAPITAL AND RESERVES
Called up share capital 7 400,000 400,000
Retained earnings 630,535 370,986
SHAREHOLDERS' FUNDS 1,030,535 770,986

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





T C E Wilkes - Director


Kodansha Europe Limited (Registered number: 02505348)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Kodansha Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from the sale of books and comics measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Office equipment - see below

Office equipment is depreciated over either 3 or 5 years on cost.

Residual value is calculated on prices prevailing at the date of acquisition.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Kodansha Europe Limited (Registered number: 02505348)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Kodansha Europe Limited (Registered number: 02505348)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 52,607
DEPRECIATION
At 1 July 2023 50,431
Charge for year 1,124
At 30 June 2024 51,555
NET BOOK VALUE
At 30 June 2024 1,052
At 30 June 2023 2,176

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 199,426 141,442
Other debtors 23,556 31,948
222,982 173,390

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 509,329 371,278
Taxation and social security 90,567 60,422
Other creditors 26,634 213,555
626,530 645,255

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
400,000 Ordinary shares £1 400,000 400,000

Kodansha Europe Limited (Registered number: 02505348)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ketan Ramesh Patel FCCA (Senior Statutory Auditor)
for and on behalf of Merchant Mackinlay Simpson Ltd

9. RELATED PARTY DISCLOSURES

A loan of $200k was made by Kodansha USA Inc L.L.C during the year ended 30 June 2023, the loan was repaid in full in the year ended 30 June 2024.

10. FINANCIAL SUPPORT

The parent company, Kodansha Limited, incorporated in Japan, continues to support the company for the foreseeable future should the need arise in meeting its obligations as and when they fall due.