IRIS Accounts Production v25.3.0.601 SC333445 Board of Directors 1.1.24 31.12.24 31.12.24 8.10.25 false false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC333445 2023-12-31 SC333445 2024-12-31 SC333445 2024-01-01 2024-12-31 SC333445 2022-12-31 SC333445 2023-01-01 2023-12-31 SC333445 2023-12-31 SC333445 ns15:Scotland 2024-01-01 2024-12-31 SC333445 ns14:PoundSterling 2024-01-01 2024-12-31 SC333445 ns10:Director1 2024-01-01 2024-12-31 SC333445 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC333445 ns10:SmallEntities 2024-01-01 2024-12-31 SC333445 ns10:Audited 2024-01-01 2024-12-31 SC333445 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC333445 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC333445 ns10:FullAccounts 2024-01-01 2024-12-31 SC333445 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 SC333445 ns10:Director2 2024-01-01 2024-12-31 SC333445 ns10:Director3 2024-01-01 2024-12-31 SC333445 ns10:CompanySecretary1 2024-01-01 2024-12-31 SC333445 ns10:RegisteredOffice 2024-01-01 2024-12-31 SC333445 ns5:CurrentFinancialInstruments 2024-12-31 SC333445 ns5:CurrentFinancialInstruments 2023-12-31 SC333445 ns5:ShareCapital 2024-12-31 SC333445 ns5:ShareCapital 2023-12-31 SC333445 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC333445 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC333445 ns5:LeaseholdImprovements 2023-12-31 SC333445 ns5:FurnitureFittings 2023-12-31 SC333445 ns5:MotorVehicles 2023-12-31 SC333445 ns5:ComputerEquipment 2023-12-31 SC333445 ns5:LeaseholdImprovements 2024-01-01 2024-12-31 SC333445 ns5:FurnitureFittings 2024-01-01 2024-12-31 SC333445 ns5:MotorVehicles 2024-01-01 2024-12-31 SC333445 ns5:ComputerEquipment 2024-01-01 2024-12-31 SC333445 ns5:LeaseholdImprovements 2024-12-31 SC333445 ns5:FurnitureFittings 2024-12-31 SC333445 ns5:MotorVehicles 2024-12-31 SC333445 ns5:ComputerEquipment 2024-12-31 SC333445 ns5:LeaseholdImprovements 2023-12-31 SC333445 ns5:FurnitureFittings 2023-12-31 SC333445 ns5:MotorVehicles 2023-12-31 SC333445 ns5:ComputerEquipment 2023-12-31 SC333445 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC333445 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 SC333445 ns5:Non-currentFinancialInstruments 2024-12-31 SC333445 ns5:Non-currentFinancialInstruments 2023-12-31 SC333445 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-12-31 SC333445 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2023-12-31 SC333445 ns5:WithinOneYear 2024-12-31 SC333445 ns5:WithinOneYear 2023-12-31 SC333445 ns5:BetweenOneFiveYears 2024-12-31 SC333445 ns5:BetweenOneFiveYears 2023-12-31 SC333445 ns5:AllPeriods 2024-12-31 SC333445 ns5:AllPeriods 2023-12-31 SC333445 ns10:OrdinaryShareClass1 2024-12-31 SC333445 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC333445 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: SC333445 (Scotland)

Financial Statements

for the Year Ended 31 December 2024

for

Torishima Europe Limited

Torishima Europe Limited (Registered number: SC333445)

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 |

Torishima Europe Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | G Ashe

| P Cunningham

| H Koichiro

| SECRETARY: | G Ashe

| REGISTERED OFFICE: | 30 Colliery Road

| Clyde Gateway Business Park

| London Road

| Glasgow

| G32 8SL

| REGISTERED NUMBER: | SC333445 (Scotland)

| AUDITORS: | Key Professional Partnership Limited

| Chartered Accountants

| Statutory Auditors

| Unit 3

| 37 Rosyth Road

| Morris Park

| Glasgow

| G5 0YD

Torishima Europe Limited (Registered number: SC333445)

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 63,694 |  | 78,243 |  |

CURRENT ASSETS

Debtors | 5 | 219,767 |  | 236,036 |  |

Cash at bank and in hand | 179,597 |  | 147,059 |  |

399,364 |  | 383,095 |  |

CREDITORS

Amounts falling due within one year | 6 | 185,652 |  | 139,332 |  |

NET CURRENT ASSETS | 213,712 |  | 243,763 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 277,406 |  | 322,006 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 10,000 |  | 10,000 |  |

Retained earnings | 9 | 267,406 |  | 312,006 |  |

SHAREHOLDERS' FUNDS | 277,406 |  | 322,006 |  |

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 8 October 2025 and were signed on its behalf by:

P Cunningham - Director

Torishima Europe Limited (Registered number: SC333445)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Torishima Europe Limited is a private company, limited by shares , registered in Scotland. 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

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

| Building renovations - Over 20 years

| Fixtures and fittings - 20% on cost

| Motor vehicles - 33.33% on cost

| Office Equipment - 33.33% 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.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2023 - 12 ) .

Torishima Europe Limited (Registered number: SC333445)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Building |  | and |  | Motor |  | Office |

| renovations |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 81,916 |  | 1,175 |  | 18,988 |  | 46,851 |  | 148,930 |  |

| Disposals | - |  | - |  | (18,988 | ) | (6,200 | ) | (25,188 | ) |

| At 31 December 2024 | 81,916 |  | 1,175 |  | - |  | 40,651 |  | 123,742 |  |

| DEPRECIATION

| At 1 January 2024 | 16,686 |  | 760 |  | 9,747 |  | 43,494 |  | 70,687 |  |

| Charge for year | 3,036 |  | 240 |  | 2,052 |  | 2,027 |  | 7,355 |  |

| Eliminated on disposal | - |  | - |  | (11,799 | ) | (6,195 | ) | (17,994 | ) |

| At 31 December 2024 | 19,722 |  | 1,000 |  | - |  | 39,326 |  | 60,048 |  |

| NET BOOK VALUE

| At 31 December 2024 | 62,194 |  | 175 |  | - |  | 1,325 |  | 63,694 |  |

| At 31 December 2023 | 65,230 |  | 415 |  | 9,241 |  | 3,357 |  | 78,243 |  |

5. | DEBTORS

| 31.12.24 |  | 31.12.23

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 146,866 |  | 125,637 |  |

| Torishima Europe - Spain | - |  | 10,145 |  |

| THQ Inter Co | 585 |  | - |  |

| Tax | 6,850 |  | - |  |

| VAT | 2,904 |  | - |  |

| Prepayments | 62,562 |  | 47,726 |  |

219,767 |  | 183,508 |  |

| Amounts falling due after more than one year:

| Other debtors | - |  | 52,528 |  |

| Aggregate amounts | 219,767 |  | 236,036 |  |

Torishima Europe Limited (Registered number: SC333445)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Hire purchase contracts (see note 7) | - |  | 12,788 |  |

| Trade creditors | 39,018 |  | 33,576 |  |

| Tax | - |  | 6,851 |  |

| Social security and other taxes | 26,026 |  | 24,400 |  |

| VAT | - |  | 2,283 |  |

| Other creditors | 115,823 |  | 59,434 |  |

| Credit Card | 4,785 |  | - |  |

185,652 |  | 139,332 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31.12.24 |  | 31.12.23 |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 12,788 |  |

| Non-cancellable |

| operating leases |

| 31.12.24 |  | 31.12.23

£ | £ |

| Within one year | 41,837 |  | 35,832 |  |

| Between one and five years | 24,050 |  | 55,110 |  |

65,887 |  | 90,942 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 10,000 | Ordinary | £1 | 10,000 |  | 10,000 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 312,006 |  |

| Deficit for the year | (44,600 | ) |

| At 31 December 2024 | 267,406 |  |

Torishima Europe Limited (Registered number: SC333445)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

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

| The Report of the Auditors was unqualified.

| Stephen Alexander Usher (Senior Statutory Auditor)

| for and on behalf of Key Professional Partnership Limited

11. | RELATED PARTY DISCLOSURES

| 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.

| During the year under review, the company had the following transactions at normal commercial terms with Torishima Service Solutions Europe Ltd, another subsidiary of Torishima Mfg Japan.

| Sales: £69,698

| Purchases: £84,439

| The parent company is the ultimate parent company and controlling party is Torishima Pump Mfg. Co. Japan, this entity prepares consolidated accounts in Japan. Kotaro Harada is the ultimate controlling party by virtue of his controlling interest in Torishima Pump Mfg. Co. Japan.