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Registered number: 13572809
Hikaru Ona Ltd
Unaudited Financial Statements
For the Period 18 August 2021 to 31 August 2022
SKZ Chartered Certified Accountants

Unit 1 1 Riches Road
Ilford
Essex
IG1 1JH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13572809
31 August 2022
Notes £ £
FIXED ASSETS
Tangible Assets 3 47,491
47,491
CURRENT ASSETS
Stocks 4 5,980
Cash at bank and in hand 797
6,777
Creditors: Amounts Falling Due Within One Year 5 (4,610 )
NET CURRENT ASSETS (LIABILITIES) 2,167
TOTAL ASSETS LESS CURRENT LIABILITIES 49,658
Creditors: Amounts Falling Due After More Than One Year 6 (80,450 )
NET LIABILITIES (30,792 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (30,892 )
SHAREHOLDERS' FUNDS (30,792)
Page 1
Page 2
For the period ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Oyun Sukhbaatar
Director
05/09/2022
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Improvements 10 Years SLM
Plant & Machinery 20% SLM
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
3. Tangible Assets
Land & Property
Leasehold Improvements Plant & Machinery Total
£ £ £
Cost
As at 18 August 2021 - - -
Additions 38,121 16,478 54,599
As at 31 August 2022 38,121 16,478 54,599
Depreciation
As at 18 August 2021 - - -
Provided during the period 3,812 3,296 7,108
As at 31 August 2022 3,812 3,296 7,108
Net Book Value
As at 31 August 2022 34,309 13,182 47,491
As at 18 August 2021 - - -
Page 3
Page 4
4. Stocks
31 August 2022
£
Stock - materials 5,980
5,980
5. Creditors: Amounts Falling Due Within One Year
31 August 2022
£
Trade creditors 3,267
Other taxes and social security 158
Accruals and deferred income 1,185
4,610
6. Creditors: Amounts Falling Due After More Than One Year
31 August 2022
£
Directors loan account 52,000
Amounts owed to associates 28,450
80,450
The above Director's loan to Hikaru Ona Ltd (the company) is unsecured, interest free and subordinated to the debts of the company generally. Accordingly, no amounts (whether in respect of principal or interest or otherwise) shall be payable by the Borrower (the company) unless and until all other creditors of the Borrower have been paid or provided for in full.
7. Share Capital
31 August 2022
Allotted, Called up and fully paid 100
8. General Information
Hikaru Ona Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13572809 . The registered office is 486 Roman Road, London, E3 5LU.
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