| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 December 2024 |
| for |
| Japan England Insurance Brokers Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITOR: |
| 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 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures, fittings & equipment | - |
| Computer equipment | - |
| 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 |
| 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 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 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 |
| Amounts owed by group undertakings |
| Amounts owed by related undertakings | 54,150 | 91,061 |
| Other debtors |
| Prepayments |
| 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 |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Between one and five years |
| 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: | £ | £ |
| Ordinary | £1 | 500,000 | 500,000 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditor was unqualified. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr K Sano. |