REGISTERED NUMBER: SC333445 (Scotland)

Financial Statements

for the Year Ended 31 December 2025

for

Torishima Europe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Ashe

D Boisselet

R F Hancock

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

FIXED ASSETS

Tangible assets

4

65,030

63,694

CURRENT ASSETS

Debtors

5

121,626

219,767

Cash at bank and in hand

186,282

179,597

307,908

399,364

CREDITORS

Amounts falling due within one year

6

191,739

185,652

NET CURRENT ASSETS

116,169

213,712

TOTAL ASSETS LESS CURRENT LIABILITIES

181,199

277,406

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

9

171,199

267,406

SHAREHOLDERS' FUNDS

181,199

277,406

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 22 June 2026 and were signed on its behalf by:

G Ashe - Director

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 14 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Building

and

Office

renovations

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

81,916

1,175

40,651

123,742

Additions

-

2,452

3,588

6,040

At 31 December 2025

81,916

3,627

44,239

129,782

DEPRECIATION

At 1 January 2025

19,722

1,000

39,326

60,048

Charge for year

3,036

338

1,330

4,704

At 31 December 2025

22,758

1,338

40,656

64,752

NET BOOK VALUE

At 31 December 2025

59,158

2,289

3,583

65,030

At 31 December 2024

62,194

175

1,325

63,694

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

48,941

146,866

TDS India

15,621

-

THQ Inter Co

-

585

Torishima Pumps India

2,293

-

Tax

-

6,850

VAT

9,476

2,904

Prepayments

44,788

62,562

Sundry debtors

507

-

121,626

219,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

55,439

39,018

Social security and other taxes

38,205

26,026

Other creditors

96,237

115,823

Credit Card

1,858

4,785

191,739

185,652

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

-

41,837

Between one and five years

-

24,050

-

65,887

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

9.

RESERVES

Retained

earnings

£

At 1 January 2025

267,406

Deficit for the year

(96,207

)

At 31 December 2025

171,199

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: £52,107

Purchases: £109,068

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.