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REGISTERED NUMBER: 02341379 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Japan England Insurance Brokers Limited

Japan England Insurance Brokers Limited (Registered number: 02341379)






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


Japan England Insurance Brokers Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr K Sano
Ms C Zhu
Mr S Lau
Mr I A Woolfe





SECRETARY: Mr S Lau





REGISTERED OFFICE: 3rd Floor
14 Austin Friars
London
EC2N 2HE





REGISTERED NUMBER: 02341379 (England and Wales)





AUDITOR: Paul Hartley FCA
Statutory Auditor
PO Box 27075
London
N2 0FZ

Japan England Insurance Brokers Limited (Registered number: 02341379)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 50,883 80,122
Investments 5 166,621 166,621
217,504 246,743

CURRENT ASSETS
Debtors 6 306,315 478,074
Cash at bank 1,083,757 800,722
1,390,072 1,278,796
CREDITORS
Amounts falling due within one year 7 615,421 577,034
NET CURRENT ASSETS 774,651 701,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

992,155

948,505

CAPITAL AND RESERVES
Called up share capital 9 500,000 500,000
Retained earnings 492,155 448,505
SHAREHOLDERS' FUNDS 992,155 948,505

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 Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mr K Sano - Director


Japan England Insurance Brokers Limited (Registered number: 02341379)

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

1. STATUTORY INFORMATION

Japan England Insurance Brokers 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.

Preparation of consolidated financial statements
Group accounts have not been prepared because the group meets the qualifying conditions set out in section 383(4) of the Companies Act 2006.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents brokerages and fees that are taken to credit on the basis of the policy inception date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on cost
Computer equipment - 33% on cost

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.


Japan England Insurance Brokers Limited (Registered number: 02341379)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 in the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Pension contributions are charged in the income statement as incurred. These contributions are invested separately from the company's assets.

Insurance broking assets and liabilities
The Company acts as a broker in placing the insurance risks of its clients and, generally, is not liable as a principal for premiums due to underwriters or for claims payable to clients. Notwithstanding the Company's legal relationship with clients and underwriters and since in practice premium and claim monies are usually accounted for by insurance intermediaries, it has followed generally accepted accounting practice by showing cash, debtors and creditors relating to insurance business as assets and liabilities of the Company itself.

In the ordinary course of placing insurance business, settlement is required to be made with certain market bureaux and insurance intermediaries on the basis of the net balance due to or from the intermediary rather than the amounts due to or from the individual third parties which it represents. The basis of settlement is reflected in the amounts included in insurance broking debtors and creditors.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

Japan England Insurance Brokers Limited (Registered number: 02341379)

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

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 January 2024 209,642 64,053 273,695
Additions - 1,722 1,722
At 31 December 2024 209,642 65,775 275,417
DEPRECIATION
At 1 January 2024 136,340 57,233 193,573
Charge for year 27,206 3,755 30,961
At 31 December 2024 163,546 60,988 224,534
NET BOOK VALUE
At 31 December 2024 46,096 4,787 50,883
At 31 December 2023 73,302 6,820 80,122

Japan England Insurance Brokers Limited (Registered number: 02341379)

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

5. FIXED ASSET INVESTMENTS


Cost
Beginning of
year
Reductions/
Additions

End of Year
Shares
Participating interests 166,621 166.621

Net Book Value 166,621 166,621
====== =======

The Company owned 20% of the ordinary allotted capital of MST Europe Limited at a cost of £40,000. At the last accounting date 31 March 2024, the aggregate capital and reserves of MST Europe Limited was £629,799 and the retained profit for the year ended at that date was £22,086.

In December 2012 the Company formed a 100% owned subsidiary, JEIB Japan Co Ltd for £71,769, a company incorporated in Japan and share capital was increased by 10 million Yen (£54,852) on 6 July 2023.

The following were the subsidiaries at the Balance Sheet date:


Subsidiary undertakings
Description and proportion
of share capital owned
Country of
Incorporation

Nature of business

Japan England Ordinary 100% Japan Insurance Broking
Insurance Brokers (Japan) Limited


Aggregate Capital
and reserves at last
accounting date

Results for the last financial
period
£    £   
Japan England Insurance Brokers(Japan)
Limited

253,158

18,715
======== ======


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,560 228,107
Amounts owed by group undertakings 4,391 86,898
Amounts owed by related undertakings 54,150 91,061
Other debtors 41,922 43,453
Prepayments 26,292 28,555
306,315 478,074

Japan England Insurance Brokers Limited (Registered number: 02341379)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 428,944 332,647
Amounts owed to group undertakings 76,773 131,404
Taxation and social security 89,400 87,070
Other creditors 20,304 25,913
615,421 577,034

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 115,098 -

Lease relating to Part of 3rd Floor at 14 Austin Friars dated 22 June 2022 for 5 years at £46,039.50 per annum.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500,000 Ordinary £1 500,000 500,000

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

The Report of the Auditor was unqualified.

Paul Hartley FCA

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Sano.