Japan England Trading Limited - Accounts to registrar - small 17.2

Japan England Trading Limited - Accounts to registrar - small 17.2

JAPAN ENGLAND TRADING LIMITED - Company Information

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REGISTERED NUMBER: 02074639 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Japan England Trading Limited

Japan England Trading Limited (Registered number: 02074639)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Japan England Trading Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: K Sano





SECRETARY: Mrs C Q Sano





REGISTERED OFFICE: First Floor
3 London Wall Buildings
London
EC2M 5PD





REGISTERED NUMBER: 02074639 (England and Wales)





ACCOUNTANT: PR Hartley
PO Box 27075
London
N2 0FZ
Page 1
Japan England Trading Limited (Registered number: 02074639)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 23,664 23,664
23,664 23,664

CURRENT ASSETS
Debtors 6 15,253 19,542
Cash at bank 32,049 11,370
47,302 30,912
CREDITORS
Amounts falling due within one year 7 58,747 56,661
NET CURRENT LIABILITIES (11,445 ) (25,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,219
(2,085
)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 11,219 (3,085 )
SHAREHOLDERS' FUNDS 12,219 (2,085 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Japan England Trading Limited (Registered number: 02074639)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 September 2017 and were signed by:





K Sano - Director


The notes form part of these financial statements

Page 3
Japan England Trading Limited (Registered number: 02074639)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Japan England Trading Limited is a private company, limited by shares , registered in England and
Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Investments
Investments are stated at cost unless there is a permanent diminution in their values.

Page 4 continued...
Japan England Trading Limited (Registered number: 02074639)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016
and 31 December 2016 31,207
DEPRECIATION
At 1 January 2016
and 31 December 2016 31,207
NET BOOK VALUE
At 31 December 2016 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2016
and 31 December 2016 35,664
PROVISIONS
At 1 January 2016
and 31 December 2016 12,000
NET BOOK VALUE
At 31 December 2016 23,664
At 31 December 2015 23,664

The company owns 42% of Japan Insurance Network Limited and 1.25% (2,500 ordinary shares) in
Japan England International Services Limited. Japan Insurance Network Limited is involved in the
development of insurance business. Japan Insurance Network Limited is incorporated in Japan. Japan
England International Services Limited is a holding company, incorporated in England.

Page 5 continued...
Japan England Trading Limited (Registered number: 02074639)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 630 589
Deposit Protection Service 7,895 9,895
Landlord's retention 4,759 4,759
Rent control 1,969 4,299
15,253 19,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 17,764 18,617
Amounts owed to group undertakings 23,204 17,377
Social security and other taxes - 1,647
VAT 846 2,062
Other creditors 8,933 8,933
Directors' loan accounts 7,000 7,000
Accrued expenses 1,000 1,025
58,747 56,661

8. ULTIMATE CONTROLLING PARTY

The controlling party is K Sano.

9. FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to
FRS 102 and have not impacted on equity or profit or loss.


Page 6