Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31sock retailerfalse2024-01-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11025279 2024-01-01 2024-12-31 11025279 2023-01-01 2023-12-31 11025279 2024-12-31 11025279 2023-12-31 11025279 c:Director1 2024-01-01 2024-12-31 11025279 d:OfficeEquipment 2024-01-01 2024-12-31 11025279 d:OfficeEquipment 2024-12-31 11025279 d:OfficeEquipment 2023-12-31 11025279 d:ComputerEquipment 2024-01-01 2024-12-31 11025279 d:ComputerEquipment 2024-12-31 11025279 d:ComputerEquipment 2023-12-31 11025279 d:CurrentFinancialInstruments 2024-12-31 11025279 d:CurrentFinancialInstruments 2023-12-31 11025279 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11025279 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11025279 d:ShareCapital 2024-12-31 11025279 d:ShareCapital 2023-12-31 11025279 d:RetainedEarningsAccumulatedLosses 2024-12-31 11025279 d:RetainedEarningsAccumulatedLosses 2023-12-31 11025279 c:FRS102 2024-01-01 2024-12-31 11025279 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11025279 c:FullAccounts 2024-01-01 2024-12-31 11025279 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11025279 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11025279









YAMATSUNE UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
YAMATSUNE UK LTD
REGISTERED NUMBER: 11025279

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
48,830
12,438

Debtors: amounts falling due within one year
 6 
18,886
9,859

Cash at bank and in hand
 7 
2,158
16,907

  
69,874
39,204

Creditors: amounts falling due within one year
 8 
(771,041)
(698,125)

Net current liabilities
  
 
 
(701,167)
 
 
(658,921)

Total assets less current liabilities
  
(701,167)
(658,921)

  

Net liabilities
  
(701,167)
(658,921)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(701,267)
(659,021)

  
(701,167)
(658,921)


Page 1

 
YAMATSUNE UK LTD
REGISTERED NUMBER: 11025279
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 27 August 2025.




K Ito
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
YAMATSUNE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Yamatsune UK Ltd is a private company, limited by shares and incorporated in England and Wales,
United Kingdom, with a registration number 11025279. The address of the registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The nature of the company's operations and principal activities continued to be that of a sock retailer.

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

The financial statements have been prepared on a going concern basis. The company made a loss of £42,247 (2023: £29,203) and at the balance sheet date total liabilities exceeded total assets by £701,168 (2023: £658,921). This basis is deemed appropriate due to the ongoing support received from the parent company.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Revenue is derived from the sale of socks. Revenue is recognised at the point of
sale and reflected in accounts at this date.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
YAMATSUNE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
Over 5 years
Computer equipment
-
Over 3 years

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
YAMATSUNE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
733
6,854
7,587



At 31 December 2024

733
6,854
7,587



Depreciation


At 1 January 2024
733
6,854
7,587



At 31 December 2024

733
6,854
7,587



Net book value



At 31 December 2024
-
-
-



At 31 December 2023
-
-
-


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
48,830
12,438

48,830
12,438



6.


Debtors

2024
2023
£
£


Trade debtors
1,054
677

Other debtors
4,168
3,584

Prepayments and accrued income
13,664
5,598

18,886
9,859


Page 5

 
YAMATSUNE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,158
16,907

2,158
16,907



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
21,121
18,242

Amounts owed to group undertakings
744,744
674,709

Accruals and deferred income
5,176
5,174

771,041
698,125



9.


Related party transactions

At the year-end the following amounts were due from/(to) the related parties:


2024
2023
£
£

Entities with control, joint control or significant influence over the entity
744,744
674,708
744,744
674,708


10.


Controlling party

The ultimate parent company is Yamatune Co., Ltd. Yamatune Co., Ltd is incorporated in Japan.

 
Page 6