Company No: 10543440 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2026		31.01.2025
		£		£
Fixed assets
Tangible assets	3	4,660		4,481
		4,660		4,481
Current assets
Debtors	4	31,847		42,166
Investments	5	457,213		435,510
Cash at bank and in hand		869,529		810,312
		1,358,589		1,287,988
Creditors: amounts falling due within one year	6	( 131,524)		( 68,977)
Net current assets		1,227,065		1,219,011
Total assets less current liabilities		1,231,725		1,223,492
Provision for liabilities	7	( 1,165)		( 1,121)
Net assets		1,230,560		1,222,371
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		1,230,559		1,222,370
Total shareholders' funds		1,230,560		1,222,371

For the financial period ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of UKIYO Publishing Limited (registered number: 10543440) were approved and authorised for issue by the Director on 28 August 2026. They were signed on its behalf by:

P Hann Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

UKIYO Publishing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 78 De Frene Road, Sydenham, London, SE26 4AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The accounts cover the period from 1 February 2025 to 31 March 2026.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.

The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Current and deferred tax assets and liabilities are not discounted.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	3 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

2. Employees

	Period from 01.02.2025 to 31.03.2026		Year ended 31.01.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	1		1

3. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 February 2025	14,813		24,489		39,302
Additions	0		2,916		2,916
At 31 March 2026	14,813		27,405		42,218
Accumulated depreciation
At 01 February 2025	12,499		22,322		34,821
Charge for the financial period	675		2,062		2,737
At 31 March 2026	13,174		24,384		37,558
Net book value
At 31 March 2026	1,639		3,021		4,660
At 31 January 2025	2,314		2,167		4,481

4. Debtors

	31.03.2026		31.01.2025
	£		£
Other debtors	31,847		42,166

5. Current asset investments

	31.03.2026		31.01.2025
	£		£
Other investments – at cost less impairment	457,213		435,510

6. Creditors: amounts falling due within one year

	31.03.2026		31.01.2025
	£		£
Trade creditors	7		0
Taxation and social security	36,636		22,626
Other creditors	94,881		46,351
	131,524		68,977

7. Provision for liabilities

	31.03.2026		31.01.2025
	£		£
Deferred tax	1,165		1,121

8. Called-up share capital

	31.03.2026		31.01.2025
	£		£
Allotted, called-up and fully-paid
5 A ordinary shares of £ 0.10 each	0.50		0.50
5 B ordinary shares of £ 0.10 each	0.50		0.50
	1.00		1.00

9. Related party transactions

Transactions with the entity's director

	31.03.2026		31.01.2025
	£		£
Amounts owed to/(from) Director	48,842		(3,280)

During the year, the company made advances totalling £Nil (2025: £3,280), and repayments totalling £3,280 (2025: £Nil).

The above is provided interest free, is repayable on demand and is unsecured.

Other related party transactions

	31.03.2026		31.01.2025
	£		£
Amounts owed to/(from) Shareholder	427		(1,621)

During the year, the company made advances totalling £Nil (2025: £1,621), and repayments totalling £1,621 (2025: £Nil).

The above is provided interest free, is repayable on demand and is unsecured.