ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 04891553

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2024

	MARCUS EVANS (JAPAN) LIMITED


MARCUS EVANS (JAPAN) LIMITED

COMPANY INFORMATION

Directors	B Halil
	M Van Os


Company secretary	M P Studd


Registered number	04891553


Registered office	20 Farringdon Street
	11th Floor
	London
	EC4A 4AB


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


MARCUS EVANS (JAPAN) LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 - 6


MARCUS EVANS (JAPAN) LIMITED REGISTERED NUMBER:04891553

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	143		36,653
Cash at bank and in hand		40,513		116,901
		40,656		153,554
Creditors: amounts falling due within one year	5	(106,846)		(201,223)
Net current liabilities			(66,190)		(47,669)
Total assets less current liabilities			(66,190)		(47,669)
Provisions for liabilities
Other provisions		-		(17,223)
			-		(17,223)
Net liabilities			(66,190)		(64,892)

Capital and reserves
Called up share capital	1	1
Capital redemption reserve	829,555	829,555
Foreign exchange reserve	157,894	154,600
Profit and loss account	(1,053,640)	(1,049,048)
	(66,190)	(64,892)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M Van Os

Director

Date: 16 January 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 1


MARCUS EVANS (JAPAN) LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2024

	Called up share capital	Capital redemption reserve	Foreign exchange reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 October 2022	1	829,555	151,319	(1,002,425)	(21,550)
Comprehensive income for the year
Loss for the year	-	-	-	(46,623)	(46,623)
Currency translation differences	-	-	3,281	-	3,281

At 1 October 2023	1	829,555	154,600	(1,049,048)	(64,892)
Comprehensive income for the year
Loss for the year	-	-	-	(4,592)	(4,592)
Currency translation differences	-	-	3,294	-	3,294
At 30 September 2024	1	829,555	157,894	(1,053,640)	(66,190)

The notes on pages 3 to 6 form part of these financial statements.

Page 2


MARCUS EVANS (JAPAN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.	General information

Marcus Evans (Japan) Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is 20 Farringdon Street, 11th Floor, London, EC4A 4AB. Its principal place of business, before it ceased trading, was 2-2-7 Tsukiji, Chuo-ku, Tokyo, 104-0045, Japan.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Basis other than going concern

Company has net liabilities of £66,190 (2023 - £64,892)
The entity completed all scheduled activities and has ceased to trade. Accordingly, the directors consider it appropriate for the financial statements to be prepared on a basis other than going concern.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional currency is the Japanese Yen, being the currency of the primary economic environment in which the company operated, and the presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.4

Revenue

Revenue arises from the provision of services in respect of management and arrangement of conferences.
Revenue is measured at the fair value of the consideration received or receivable and represents amounts for
the provision of services in the normal course of business, net of discounts and other sales related taxes.

Revenue is recognised at the completion of the conference, until which point the amounts invoices are recorded as deferred income.
The company ceased trading during the prior year after holding their last event in November 2022.

2.5

Event related expenses

Directly attributable event expenses are recognised in the year in which the event has been completed. Expenses that relate to an event taking place in a subsequent financial year but paid prior to the year end are recorded as prepayments in the statement of financial position.

Page 3


MARCUS EVANS (JAPAN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.

2.10

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 4


MARCUS EVANS (JAPAN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Debtors

					2024	2023
					£	£


Other debtors	-	36,305
Prepayments and accrued income	143	348
	143	36,653

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	1,399
Amounts owed to group undertakings	104,085	190,275
Other creditors	365	384
Accruals and deferred income	2,396	9,165
	106,846	201,223

6.	Provisions

	Dilapidation provision	Onerous lease provision	Total
	£	£	£

At 1 October 2023	12,074	5,149	17,223
Charged to profit or loss	(12,074)	(5,149)	(17,223)
At 30 September 2024	-	-	-

	Not later than 1 year	-	5,149
		-	5,149

Page 5


MARCUS EVANS (JAPAN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.	Post balance sheet events

On 1st October 2024, the parent company sold its shares in the company to the ultimate controlling party Mr M P B Evans for £1.

9.	Parent company

During the period, the parent company of the smallest and largest group of which the company is a member and for which group accounts are prepared is Marcus Evans Holdings (IOM) Limited. The address of its registered office is 19-21 Circular Road, Douglas, Isle of Man, IM1 1AF.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was unmodified.
Although the report was unmodified, due to the cessation of trade it was appropriate to prepare the financial statements on a basis other than going concern. The Auditor's Report has been updated to reflect this basis.

The audit report was signed on 16 January 2026 by Andrew Cook FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 6