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REGISTERED NUMBER: 05572363 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Akagawa Red River Limited

Akagawa Red River Limited (Registered number: 05572363)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Akagawa Red River Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A C Cockell





REGISTERED OFFICE: Druces & Attlee
Sailsbury House
London Wall
London
EC2M 5PS





REGISTERED NUMBER: 05572363 (England and Wales)





ACCOUNTANTS: Oculus Accountancy
83 Victoria Street
London
SW1H 0HW

Akagawa Red River Limited (Registered number: 05572363)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 258,110 258,110
Investments 5 445,115 445,115
703,225 703,225

CURRENT ASSETS
Debtors 6 1,138,140 1,094,830
Cash at bank 3,510 8
1,141,650 1,094,838
CREDITORS
Amounts falling due within one year 7 (627,546 ) (625,878 )
NET CURRENT ASSETS 514,104 468,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,217,329

1,172,185

CREDITORS
Amounts falling due after more than one
year

8

(1,769,482

)

(1,708,090

)
NET LIABILITIES (552,153 ) (535,905 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (552,154 ) (535,906 )
(552,153 ) (535,905 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Akagawa Red River Limited (Registered number: 05572363)

Balance Sheet - continued
30 September 2024


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 16 June 2025 and were signed by:





A C Cockell - Director


Akagawa Red River Limited (Registered number: 05572363)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Akagawa Red River 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible assets being the rental property, no depreciation is provided for the year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 October 2023
and 30 September 2024 258,110
NET BOOK VALUE
At 30 September 2024 258,110
At 30 September 2023 258,110

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 445,115
NET BOOK VALUE
At 30 September 2024 445,115
At 30 September 2023 445,115

Akagawa Red River Limited (Registered number: 05572363)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. FIXED ASSET INVESTMENTS - continued

The following were associated undertakings of the company:

Kitamuki(PTY) Ltd (incorporated in South Africa), in which the company held 100% of ordinary share capital.

The nature of associate undertaking's business was that of registered owner of land and building in South Africa.

6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Other debtors 64,672 177,295

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,073,468 917,535

Aggregate amounts 1,138,140 1,094,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 627,546 625,878

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 1,769,482 1,708,090

9. GOING CONCERN

The Director of the company acknowledges that the company is reliant upon his support and the Director will
continue to support the company for at least the next twelve months and enable it to meet its liabilities as they fall due.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking and controlling party is Furusato Incorporated, a company
incorporated in British Virgin Island.

11. RELATED PARTY TRANSACTION

Loan to Kitamuki (PTY) Ltd is £1,073,468 which is repayable upon demand.