The notes on pages 3 to 7 form an integral part of these financial statements.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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 the provision of FRS 102 Section 1A-small entities.

The company has opted not to file the statement of comprehensive income in accordance with provision applicable to companies subject to the small companies regime.

The notes on pages 3 to 7 form an integral part of these financial statements.

Atsumi & Sakai Europe Limited is a private company limited by shares incorporated in England and Wales. The registration number is 09389892. The registered office is Suite 5, 7th Floor, 50 Broadway, London, United Kingdom, SW1H 0DB.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on a going concern basis under the historical cost convention.

First time adoption of FRS 102

In the prior year, the company applied Financial Reporting Standard 105, FRS 105, The Financial Reporting Standard applicable to the Micro-Entities Regime (United Kingdom Generally Accepted Accounting Practice). The transition to FRS 102 Section 1A is a change in financial reporting framework and has been applied retrospectively from the opening date of the comparative year in accordance with the requirements of FRS 102.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Rentals payable under operating leases where substantially all of the benefits and risks of ownership remain with the with the lessor are charged on a straight line accruals basis over the lease term.

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 at the date of transactions. exchange differences are taken into account in arriving at the operating result.

Share capital

The Company's ordinary shares are recognised as equity when issued and are measured at the fair value of cash or other resources received or receivable, net of any directly attributable issue costs.

Finance income

Finance income comprises interest income earned on bank deposits. Interest income is recognised using the effective interest method and is included in profit or loss in the period in which it is earned.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

The company entered into an agreement for the lease of office equipment at a cost during the year of £Nil (2023: £12,960). The agreement ended on 30 September 2023.

The company entered into a new agreement for license for use of office space service for 24 months commencing 2 October 2023 at a cost during the year of £32,968 (2023: £8,010).

The company has taken advantage of the FRS 102 paragraph 1AC.35 exemption not to disclose transactions with other members of the group that are wholly owned by the immediate parent undertaking.

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

The total costs charged to income in respect of defined contribution plans is £Nil (2023: £220).

Pension receivable at year end is £293 (2023: £293).

As at 31 December 2024, the directors consider that the ultimate and immediate parent undertaking and controlling party to be Atsumi & Sakai Legal Professional Corporation, a company registered in Japan.

The address of Atsumi & Sakai Legal Professional Corporation is:

Fukoku Seimei Bldg.,

16F, 2-2-2 Uchisaiwaicho, Chiyoda-ku,

Tokyo 100-0011, Japan.

The transition has not resulted in any changes to accounting policies or figures previously reported under FRS 105. Accordingly, no reconciliations of equity or profit and loss have been presented.

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 15 December 2025 by Cécile Chabert (Senior Statutory Auditor) on behalf of Thakur-Chabert Limited.