General Information
Mizuno Gakuen London Limited is a private company, limited by shares, registered in England and Wales, registration number 14890509, registration address Units 4 & 5 Gateway Central White City Place, 187 Wood Lane, London, England, W12 7SA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including the provisions of section 1A small entity and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the company.
Comparability of accounting period
During the period ended 31 March 2024, the company prepared its first annual report for the period from the incorporation date 24 May 2023 to 31 March 2024. Accordingly, the corresponding comparative amounts shown for the Income Statement and related notes cover a period from 24 May 2023 to 31 March 2024 and therefore may not be comparable with amounts shown for the current year which covered a 12-month period ended 31 March 2025.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings: 5 years straight line
Computer Equipment: 4 years straight line
Land and Buildings: straight line over the term of the lease
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
|
| 2. |
Average number of employees
Average number of employees during the year was 7 (2024 : 1).
|
| 3. |
Audit Information
The auditor's report on the accounts of Mizuno Gakuen London Limited for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Sangyai Jonathan Pitayanukul (Senior Statutory Auditor)
for and on behalf of P and Co (Partners) LLP Chartered Accountants and Statutory Auditor on 24 December 2025.
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
- |
|
4,553 |
|
- |
|
4,553 |
| Additions |
893,278 |
|
17,563 |
|
5,916 |
|
916,757 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
893,278 |
|
22,116 |
|
5,916 |
|
921,310 |
| Depreciation |
| At 01 April 2024 |
- |
|
285 |
|
- |
|
285 |
| Charge for year |
34,740 |
|
3,527 |
|
926 |
|
39,193 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
34,740 |
|
3,812 |
|
926 |
|
39,478 |
| Net book values |
| Closing balance as at 31 March 2025 |
858,538 |
|
18,304 |
|
4,990 |
|
881,832 |
| Opening balance as at 01 April 2024 |
- |
|
4,268 |
|
- |
|
4,268 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
4,000 |
|
- |
| Prepayments & Accrued Income |
17,407 |
|
15,007 |
| Deposits paid |
46,085 |
|
8,885 |
| VAT |
- |
|
13,623 |
|
67,492 |
|
37,515 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Amounts Owed to Group Undertakings |
- |
|
234,780 |
| PAYE & Social Security |
8,653 |
|
18,954 |
| Accruals & Deferred Income |
139,432 |
|
67,764 |
| Wages & Salaries Control Account |
- |
|
46,861 |
| VAT |
17,489 |
|
- |
|
165,574 |
|
368,359 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1,986,391
Class A shares of £1.00 each |
1,986,391 |
|
10,000 |
|
1,986,391 |
|
10,000 |
During the year, the company issued £1,976,391 fully paid class A ordinary shares to provide additional funding for the company's ongoing operations.
|
| 8. |
Events after Balance sheet date
|
|
Mizuno Gakuen Ed., Ltd transferred 100% of the Company issued share capital to Frontive Holding Limited. The transaction occurred after the end of the financial year and does not relate to conditions existing at the reporting date.
|
| 9. |
Operating Lease Commitments
The company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
| Total future minimum lease payments under non-cancellable operating leases |
|
2025
£ |
|
2024
£ |
| Not later than one year |
|
82,717 |
|
58,850 |
| Later than one year and not later than five years |
|
257,917 |
|
- |
| Later than five years |
|
653,333 |
|
- |
|
|
993,967 |
|
58,850 |
|
| 10. |
Immediate parent and ultimate controlling party
The immediate parent and ultimate controlling party is Frontive Holding Limited, a company incorporated in England and Wales.
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3
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