Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-02Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.2025-05-02true2024-04-01truefalseNo description of principal activity00false 06787123 2024-04-01 2025-03-31 06787123 2023-04-01 2024-03-31 06787123 2025-03-31 06787123 2024-03-31 06787123 c:Director1 2024-04-01 2025-03-31 06787123 c:Director2 2024-04-01 2025-03-31 06787123 c:Director3 2024-04-01 2025-03-31 06787123 c:RegisteredOffice 2024-04-01 2025-03-31 06787123 d:CurrentFinancialInstruments 2025-03-31 06787123 d:CurrentFinancialInstruments 2024-03-31 06787123 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 06787123 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06787123 d:ShareCapital 2025-03-31 06787123 d:ShareCapital 2024-03-31 06787123 d:RetainedEarningsAccumulatedLosses 2025-03-31 06787123 d:RetainedEarningsAccumulatedLosses 2024-03-31 06787123 c:OrdinaryShareClass1 2024-04-01 2025-03-31 06787123 c:OrdinaryShareClass1 2025-03-31 06787123 c:OrdinaryShareClass1 2024-03-31 06787123 c:FRS102 2024-04-01 2025-03-31 06787123 c:Audited 2024-04-01 2025-03-31 06787123 c:FullAccounts 2024-04-01 2025-03-31 06787123 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06787123 c:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06787123 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06787123










JAPAN P&I CLUB (UK) SERVICES LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
JAPAN P&I CLUB (UK) SERVICES LIMITED
 
 
COMPANY INFORMATION


Directors
R Deitch 
M Fukushima 
Y Nakahama 




Registered number
06787123



Registered office
38 Lombard Street

London

EC3V 9BS




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH





 
JAPAN P&I CLUB (UK) SERVICES LIMITED
 

CONTENTS



Page
Balance sheet
1
Notes to the financial statements
2 - 5


 
JAPAN P&I CLUB (UK) SERVICES LIMITED
REGISTERED NUMBER: 06787123

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
7,976
1,402

Cash at bank and in hand
  
343,398
322,233

  
351,374
323,635

Creditors: amounts falling due within one year
 5 
(21,819)
(8,979)

Net current assets
  
 
 
329,555
 
 
314,656

Total assets less current liabilities
  
329,555
314,656

  

Net assets
  
329,555
314,656


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
319,555
304,656

Total equity
  
329,555
314,656


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 May 2025.




Y Nakahama
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
JAPAN P&I CLUB (UK) SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Japan P & I Club UK Services Limited is a private company limited by shares. It is incorporated in
England and Wales. The address of the registered office is 38 Lombard Street, London, EC3V 9BS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the appropriateness of the application of the going concern basis, the directors have considered the trading performance of the Company, future forecasts of the Company and the available cash, which show that the Company should be able to operate within the level of its current financial arrangements for a period of at least 12 months from the date of approval of these financial statements.

 
2.3

Revenue

Revenue from contracts to provide support services to the parent company are recognised in the period in which the services are provided. Revenue is recognised to the extent that it is probable that the company will receive the consideration due under the contract and the amount of revenue can be measured reliably. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

  
2.6

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Page 2

 
JAPAN P&I CLUB (UK) SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors are initially measured at their transaction price. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The Company has no employees, including the directors, who have not received any remuneration (2024 - £Nil).


 

Page 3

 
JAPAN P&I CLUB (UK) SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Debtors

2025
2024
£
£


Other debtors
3,223
784

Prepayments and accrued income
4,753
618

7,976
1,402



5.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
17,329
1,072

Corporation tax
4,490
5,957

Accruals and deferred income
-
1,950

21,819
8,979



6.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



10,000 (2024 - 10,000) ordinary shares of £1.00 each
10,000
10,000

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company.



7.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party
Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


8.


Controlling party

The ultimate and immediate parent company and controlling party is The Japan Ship Owners’ Mutual Protection & Indemnity Association, a company incorporated in Japan. The controlling party is the parent undertaking of the smallest and largest group which includes the Company and for which group accounts are prepared. Copies of the group financial statements of the controlling party are available from 15th Floor, ARK Hills Front Tower, 2-23-1, Akasaka, Minato-ku, Tokyo 107-0052, Japan.

Page 4

 
JAPAN P&I CLUB (UK) SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 2 May 2025 by Jonathan Richard Fisher (Senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.

Page 5