JPT Europe Ltd. 31/12/2024 iXBRL

Company registration number: 04000610

JPT Europe Ltd.

Filleted financial statements

31 December 2024

JPT Europe Ltd.

Contents

Statement of financial position

Notes to the financial statements

JPT Europe Ltd.

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	7	373		595
		_______		_______
			373		595

Current assets
Stocks	8	232,429		180,724
Debtors	9	175,458		152,215
Cash at bank and in hand		90,808		135,250
		_______		_______
		498,695		468,189
Creditors: amounts falling due
within one year	10	( 158,369)		( 148,309)
		_______		_______
Net current assets			340,326		319,880
			_______		_______
Total assets less current liabilities			340,699		320,475


Provisions for liabilities			56,739		60,684

			_______		_______
Net assets			397,438		381,159
			_______		_______

Capital and reserves
Called up share capital	11		350,000		350,000
Profit and loss account			47,438		31,159
			_______		_______
Shareholders funds			397,438		381,159
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr S Masuda

Director

Company registration number: 04000610

JPT Europe Ltd.

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is JPT Europe Ltd., Office 1, 289 Kennington Lane, London, SE11 5QY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity. The following accounting policies have been applied:

Going concern

The business has continued to see sales growth during the year and the directors continue to develop strategies to generate sales growth and manage costs whilst maintaining the quality of service provided to clients. Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Disclosure exemptions

The company satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Japan Publications Trading Co Limited. The financial statements for Japan Publications Trading Co Limited are available from 1-2-1 Sarugaku-cho, Chiyoda-ku, Tokyo, 101-0064, Japan.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Auditors remuneration

	2024	2023
	£	£
Fees payable for the audit of the financial statements	6,390	6,390
	_______	_______

5. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2024	2023
Administrative staff	3	3
	_______	_______

The aggregate payroll costs incurred during the year were:

	2024	2023
	£	£
Wages and salaries	127,734	121,396
Other pension costs	2,662	2,913
	_______	_______
	130,396	124,309
	_______	_______

6. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2024	2023
	£	£
Remuneration	96,673	89,984
	_______	_______

7. Tangible assets

	Long leasehold property	Fixture & fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	18,328	4,210	5,725	28,263
	_______	_______	_______	_______
Depreciation
At 1 January 2024	18,328	4,210	5,130	27,668
Charge for the year	-	-	222	222
	_______	_______	_______	_______
At 31 December 2024	18,328	4,210	5,352	27,890
	_______	_______	_______	_______
Carrying amount
At 31 December 2024	-	-	373	373
	_______	_______	_______	_______
At 31 December 2023	-	-	595	595
	_______	_______	_______	_______

8. Stocks

	2024	2023
	£	£
Finished goods	232,429	180,724
	_______	_______

9. Debtors

	2024	2023
	£	£
Trade debtors	147,457	126,095
Prepayments and accrued income	23,045	24,018
Other debtors	4,956	2,102
	_______	_______
	175,458	152,215
	_______	_______

10. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	148,413	136,281
Social security and other taxes	4,829	7,209
Other creditors	5,127	4,819
	_______	_______
	158,369	148,309
	_______	_______

11. Called up share capital

Issued and called up

	2024		2023
	No	£	No	£
Ordinary shares shares of £ 1.00 each	350,000	350,000	350,000	350,000
	_______	_______	_______	_______

12. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	1,833	2,000
Later than 1 year and not later than 5 years	-	1,833
	_______	_______
	1,833	3,833
	_______	_______

13. Controlling party

The company considers its ultimate parent undertaking to be Japan Publications Trading Co Limited, a company registered in Japan. Copies of the accounts of the ultimate parent undertaking are available from 1-2-1 Sarugaku-cho, Chiyoda-ku, Tokyo, 101-0064, Japan. This is the only group of undertakings of which the company is a member.

14. Summary audit opinion

The auditor's report dated 26 September 2025 was unqualified.

The senior statutory auditor was Amir Siddiqi FCCA for and on behalf of Sidikies