Comtesse BTH Limited - Filleted accounts

Comtesse BTH Limited - Filleted accounts

COMTESSE BTH LIMITED - Company Information

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Registered number
05554174
Comtesse BTH Limited
(Amounts in JPY)
Filleted Accounts
31 December 2017
Comtesse BTH Limited
Registered number: 05554174
Balance Sheet
as at 31 December 2017
Notes 2017 2016
JPY JPY
Current assets
Debtors 2 3,576,006 1,380,845,638
Creditors: amounts falling due within one year 3 (179,235) (40,541,883)
Net current assets 3,396,771 1,340,303,755
Total assets less current liabilities 3,396,771 1,340,303,755
Creditors: amounts falling due after more than one year 4 - (24,613,387)
Net assets 3,396,771 1,315,690,368
Capital and reserves
Called up share capital 5 1,054,040 1,280,661
Capital redemption reserve 6 2,342,731 2,116,110
Profit and loss account 7 - 1,312,293,597
Shareholders' funds 3,396,771 1,315,690,368
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ian Hargrove
Director
Approved by the board on 8 June 2018
Comtesse BTH Limited
Notes to the Accounts
for the year ended 31 December 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income represents interest received and receivable on loans provided by the company.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are recorded either at the rate ruling at the date of the transaction or the actual rate of exchange applied to the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into JPY at the balance sheet date. All differences are taken to the profit and loss account.
2 Debtors 2017 2016
JPY JPY
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,576,006 -
Loans to customers - 1,380,645,917
Other debtors - 199,721
3,576,006 1,380,845,638
Loans to customers include the following:-
Unsecured interest bearing Yen loan to Matriot Limited of JPY Nil [2016 - JPY 1,380,645,917].
3 Creditors: amounts falling due within one year 2017 2016
JPY JPY
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 1,478,941
Taxation and social security costs 179,235 670,174
Other creditors - 38,392,768
179,235 40,541,883
4 Creditors: amounts falling due after one year 2017 2016
JPY JPY
Other creditors - 24,613,387
5 Share capital 2017 2016 2017 2016
Number Number JPY JPY
Allotted, called up and fully paid:
Ordinary A shares of US$1 each 5,633 6,518 1,083,992 1,152,477
Ordinary B shares of US$0.001 each - 723,986 - 128,066
Ordinary C shares of US$1 each 1 1 118 118
5,634 730,505 1,054,040 1,280,661
The company's authorised share capital of US$29,479 has been divided into 26,530 A Ordinary shares of US$ 1 each, 2,947,826 B Ordinary shares of US$0.001 each and 1 C Ordinary share of US$1 each.

The company's issued share capital of US$5,634 has been divided into 5,633 A Ordinary shares of US$ 1 each and 1 C Ordinary share of US$1 each.

During the year, 885 A Ordinary shares of US$1 each of the company were redeemed for US$ 885.

During the year, 723,986 B Ordinary shares of US$0.001 each of the company were redeemed at a premium of US$9.999 per share for US$ 7,239,860.
6 Capital redemption reserve 2017 2016
JPY JPY
At 1 January 2017 2,116,110 1,893,212
Transfer from the profit and loss account 226,621 222,898
At 31 December 2017 2,342,731 2,116,110
7 Profit and loss account 2017 2016
JPY JPY
At 1 January 2017 1,312,293,597 1,532,442,724
Profit for the year 751,856 2,827,363
Dividends (497,955,089) -
Premium on redemption of B shares (814,863,743) (222,753,592)
Transfer to capital redemption reserve (226,621) (222,898)
At 31 December 2017 - 1,312,293,597
8 Contingent liabilities
No Capital Expenditure was committed or authorised at the year end. The directors were not aware of any contingent liabilities at the year end.
9 Transactions with directors
Management fees of JPY 2,610,753 [2016 - 1,615,943] were paid to Comtesse Reserve Co Limited. The directors Mr Ian Hargrove and Mr. Nigel Cowan are both indirect shareholders of Comtesse Reserve Co Limited.
10 Related party transactions
The amount due from / (to) these related parties at the year end were as follows:

Comtesse Reserve Co Limited JPY 3,576,006.
11 Controlling party
The company is controlled by Comtesse AF Limited.
12 Other information
Comtesse BTH Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Floor
43-45 Dorset Street
London
England
W1U 7NA
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