REGISTERED NUMBER: 02505348 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

Kodansha Europe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T C E Wilkes

H Kurita

T Sakuda

Y Takami

A Lu

SECRETARY:

T C E Wilkes

REGISTERED OFFICE:

6 Mitre Passage

Greenwich Peninsula

London

SE10 0ER

REGISTERED NUMBER:

02505348 (England and Wales)

AUDITORS:

Merchant Mackinlay Simpson Ltd

Statutory Auditors

2 Craven Road

Ealing

London

W5 2UA

FIXED ASSETS

Tangible assets

4

1,473

1,052

CURRENT ASSETS

Stocks

1,037,092

967,270

Debtors

5

284,539

222,982

Cash at bank

829,669

466,024

2,151,300

1,656,276

CREDITORS

Amounts falling due within one year

6

765,483

626,530

NET CURRENT ASSETS

1,385,817

1,029,746

TOTAL ASSETS LESS CURRENT LIABILITIES

1,387,290

1,030,798

PROVISIONS FOR LIABILITIES

368

263

NET ASSETS

1,386,922

1,030,535

CAPITAL AND RESERVES

Called up share capital

7

400,000

400,000

Retained earnings

986,922

630,535

SHAREHOLDERS' FUNDS

1,386,922

1,030,535

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

T C E Wilkes - Director

1.	STATUTORY INFORMATION

Kodansha Europe 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 derived from the sale of books and comics measured at 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.

Fixtures and fittings

-

33% on cost

Office equipment

-

see below

Office equipment is depreciated over either 3 or 5 years on cost.

Residual value is calculated on prices prevailing at the date of acquisition.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

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.

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

52,607

Additions

2,209

At 30 June 2025

54,816

DEPRECIATION

At 1 July 2024

51,555

Charge for year

1,788

At 30 June 2025

53,343

NET BOOK VALUE

At 30 June 2025

1,473

At 30 June 2024

1,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

259,587

199,426

Other debtors

24,952

23,556

284,539

222,982

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

617,224

509,329

Taxation and social security

123,909

90,567

Other creditors

24,350

26,634

765,483

626,530

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

400,000

Ordinary shares

£1

400,000

400,000

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

The Report of the Auditors was unqualified.

Priyanka Patel FCCA (Senior Statutory Auditor)

for and on behalf of Merchant Mackinlay Simpson Ltd

9.	FINANCIAL SUPPORT

The parent company, Kodansha Limited, incorporated in Japan, continues to support the company for the foreseeable future should the need arise in meeting its obligations as and when they fall due.