| Registered number |
| for the year ended |
| Nippon Investment Bespoke Research UK Ltd | |
| Report and accounts | |
| Contents | |
| Page | |
| Accountants' report | 1 |
| Balance sheet | 2 |
| Notes to the accounts | 3 |
| Nippon Investment Bespoke Research UK Ltd | ||||
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Nippon Investment Bespoke Research UK Ltd for the year ended 31 January 2025 | ||||
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nippon Investment Bespoke Research UK Ltd for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. | ||||
| As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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| This report is made solely to the Board of Directors of Nippon Investment Bespoke Research UK Ltd, as a body, in accordance with the terms of our engagement letter dated 2 July 2017. Our work has been undertaken solely to prepare for your approval the accounts of Nippon Investment Bespoke Research UK Ltd and state those matters that we have agreed to state to the Board of Directors of Nippon Investment Bespoke Research UK Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nippon Investment Bespoke Research UK Ltd and its Board of Directors as a body for our work or for this report. | ||||
| It is your duty to ensure that Nippon Investment Bespoke Research UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Nippon Investment Bespoke Research UK Ltd. You consider that Nippon Investment Bespoke Research UK Ltd is exempt from the statutory audit requirement for the year. | ||||
| We have not been instructed to carry out an audit or a review of the accounts of Nippon Investment Bespoke Research UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. | ||||
| MAH, Chartered Accountants | ||||
| 2nd Floor | ||||
| 154 Bishopsgate | ||||
| London | ||||
| EC2M 4LN | ||||
| 19 May 2025 | ||||
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
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| Notes | 2025 | 2024 | |||||
| £ | £ | ||||||
| Tangible assets | 4 | ||||||
| Current assets | |||||||
| Debtors | 5 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 6 | ( |
( |
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| Net current assets | |||||||
| Net assets | |||||||
| Capital and reserves | |||||||
| Called up share capital | 7 | ||||||
| Profit and loss account | 8 | ||||||
| Total equity | |||||||
| The financial statements were authorised for issue and approved by the board on |
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| Yumi Yamamoto-Tyrrell | |||||||
| Director | |||||||
| The notes on pages 3 to 5 form part of these financial statements. | |||||||
| Notes to the Accounts | ||||||||
| for the year ended |
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| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
| Turnover | ||||||||
Turnover from the rendering of services is recognised by reference to the period over which the services are performed. Purchased goodwill represents the excess of the cost of acquisition over the company's interest in the fair value of the identifiable assets and liabilities of a business acquired at the date of acquisition. Purchased goodwill is recognized as an asset, reviewed for impairment at least annually and carried at cost less accumulated impairment losses. Any impairment is recognised immediately in profit or loss and is not subsequently reversed. Purchased goodwill is deemed to have an indefinite useful life due to the expectation of the acquired business to operate in perpetuity, so is not amortised. |
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| Tangible fixed assets | ||||||||
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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| Plant and machinery | over 3 years | |||||||
| Taxation | ||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| Foreign currency translation | ||||||||
At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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| 2 | Employees | 2025 | 2024 | |||||
| Number | Number | |||||||
| Average number of persons employed by the company | ||||||||
| 3 | Taxation | 2025 | 2024 | |||||
| £ | £ | |||||||
| Analysis of charge in period | ||||||||
| Current tax: | ||||||||
| UK corporation tax charge | - | - | ||||||
| - | - | |||||||
| Tax on profit on ordinary activities | - | - | ||||||
| 4 | Tangible fixed assets | |||||||
| Plant and machinery etc | ||||||||
| £ | ||||||||
| Cost | ||||||||
| At 1 February 2024 | ||||||||
| Additions | ||||||||
| At 31 January 2025 | ||||||||
| Depreciation | ||||||||
| At 1 February 2024 | ||||||||
| Charge for the year | ||||||||
| At 31 January 2025 | ||||||||
| Net book value | ||||||||
| At 31 January 2025 | ||||||||
| At 31 January 2024 | ||||||||
| 5 | Debtors | 2025 | 2024 | |||||
| £ | £ | |||||||
| Trade debtors | ||||||||
| Other debtors | ||||||||
| 6 | Creditors: amounts falling due within one year | 2025 | 2024 | |||||
| £ | £ | |||||||
| Trade creditors | ||||||||
| Taxation and social security costs | ||||||||
| Other creditors | ||||||||
| Accruals and deferred income | - | 1,241 | ||||||
| 7 | Share capital | Nominal | 2025 | 2024 | ||||
| value | Number | £ | £ | |||||
| Allotted, called up and fully paid: | £1 each | 2,000 | 2,000 | 5,000 | ||||
| 2,000 | 5,000 | |||||||
| 8 | Profit and loss account | 2025 | 2024 | |||||
| £ | £ | |||||||
| At 1 February | 96,670 | 115,175 | ||||||
| Loss for the financial year | (17,374) | (7,015) | ||||||
| Dividends | (2,510) | (11,490) | ||||||
| Share buyback | (29,113) | - | ||||||
| At 31 January | 47,673 | 96,670 | ||||||
| On 28 May 2024 the company purchased 3,000 of its own ordinary shares and cancelled them. | ||||||||
| 9 | Related party transactions | |||||||
| 10 | Controlling party | |||||||
| 11 | Presentation currency | |||||||
| The financial statements are presented in Sterling. | ||||||||
| 12 | Legal form of entity and country of incorporation | |||||||
| The address of the company's principal place of business and registered office is: 118 Pall Mall, London, England, SW1Y 5EA |
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