PTP Accounts Production v24.3.0.553 02822794 director 1.1.24 31.12.24 31.12.24 22.4.25 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028227942023-12-31028227942024-12-31028227942024-01-012024-12-31028227942022-12-31028227942023-01-012023-12-31028227942023-12-3102822794ns15:EnglandWales2024-01-012024-12-3102822794ns14:PoundSterling2024-01-012024-12-3102822794ns10:Director12024-01-012024-12-3102822794ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102822794ns10:SmallEntities2024-01-012024-12-3102822794ns10:Audited2024-01-012024-12-3102822794ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102822794ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102822794ns10:FullAccounts2024-01-012024-12-3102822794ns10:CompanySecretary12024-01-012024-12-3102822794ns10:RegisteredOffice2024-01-012024-12-3102822794ns5:CurrentFinancialInstruments2024-12-3102822794ns5:CurrentFinancialInstruments2023-12-3102822794ns5:ShareCapital2024-12-3102822794ns5:ShareCapital2023-12-3102822794ns5:RetainedEarningsAccumulatedLosses2024-12-3102822794ns5:RetainedEarningsAccumulatedLosses2023-12-3102822794ns5:CostValuation2023-12-3102822794ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-12-3102822794ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31
REGISTERED NUMBER: 02822794 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Eutic Corporation Limited

Eutic Corporation Limited (Registered number: 02822794)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eutic Corporation Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: K Shimizu



SECRETARY: T M De Oliveira Azevedo



REGISTERED OFFICE: 39 Ludgate Hill
London
EC4M 7JN



REGISTERED NUMBER: 02822794 (England and Wales)



AUDITORS: Ashford Associates (UK) Ltd
Statutory Auditors
74a High Street
Wanstead
London
E11 2RJ



BANKERS: The Bank if Tokyo-Mitsubishi UFJ, Ltd
Ropemaker Place, 25 Ropemaker Street
London
EC2Y 9AN

Eutic Corporation Limited (Registered number: 02822794)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 270,292 270,292

CURRENT ASSETS
Debtors 5 3,463 3,571
Cash at bank 130,493 143,796
133,956 147,367
CREDITORS
Amounts falling due within one year 6 4,226 3,375
NET CURRENT ASSETS 129,730 143,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,022

414,284

CAPITAL AND RESERVES
Called up share capital 306,000 306,000
Retained earnings 94,022 108,284
SHAREHOLDERS' FUNDS 400,022 414,284

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





K Shimizu - Director


Eutic Corporation Limited (Registered number: 02822794)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Eutic Corporation 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 270,292
NET BOOK VALUE
At 31 December 2024 270,292
At 31 December 2023 270,292

Eutic Corporation Limited (Registered number: 02822794)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. FIXED ASSET INVESTMENTS - continued

The Investment comprises 16.9% of the ordinary share capital of Tesco-Componentes Para Automovies LDA, a company incorporated in Portugal.

The Principal activity of Tesco Componentes Para Automovies, LDA is the manufacture of vehicle components.

The investment is recorded at cost and impairment review has not been considered necessary as a result of the nature of investments.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 3,463 3,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 4,226 3,375

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

The Report of the Auditors was unqualified.

Kunal Vyas (Senior Statutory Auditor)
for and on behalf of Ashford Associates (UK) Ltd

8. RELATED PARTY DISCLOSURES

The company is wholly owned by Metts Corporation, a company registered in Japan. Metts Corporation is a subsidiary of Honda Foundry Co. Ltd which is part of Honda.Thus Honda is the ultimate controlling party.

9. ULTIMATE CONTROLLING PARTY

The company is wholly owned by Metts Corporation, a company registered in Japan. Metts Corporation is a subsidiary of Honda Foundry Co. Ltd which is part of Honda.Thus Honda is the ultimate controlling party.