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REGISTERED NUMBER: 13176458 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

TOKYO INDUSTRIES (MAYFAIR) LIMITED

TOKYO INDUSTRIES (MAYFAIR) LIMITED (REGISTERED NUMBER: 13176458)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOKYO INDUSTRIES (MAYFAIR) LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2022







DIRECTOR: Mr A Mellor





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 13176458 (England and Wales)






TOKYO INDUSTRIES (MAYFAIR) LIMITED (REGISTERED NUMBER: 13176458)

BALANCE SHEET
31st December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 361,647 1,635

CURRENT ASSETS
Debtors 5 498,617 257,211
Cash at bank 1,326 36
499,943 257,247
CREDITORS
Amounts falling due within one year 6 (923,870 ) (280,558 )
NET CURRENT LIABILITIES (423,927 ) (23,311 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,280 ) (21,676 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (62,281 ) (21,677 )
SHAREHOLDERS' FUNDS (62,280 ) (21,676 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

TOKYO INDUSTRIES (MAYFAIR) LIMITED (REGISTERED NUMBER: 13176458)

BALANCE SHEET - continued
31st December 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2023 and were signed by:





Mr A Mellor - Director


TOKYO INDUSTRIES (MAYFAIR) LIMITED (REGISTERED NUMBER: 13176458)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2022


1. STATUTORY INFORMATION

Tokyo Industries (Mayfair) Limited formerly Tokyo Industries (Croatia) Limited is a private company, limited by shares, registered in England and Wales, registration number 08672303. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD. The principal place of business is 15 Old Burlington Street, W1S 2JR.

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.

At the reporting date, the company's liabilities exceed its assets. The company has received assurance from the director that they will continue to give financial support to the company for twelve months from the date of approval of these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis is used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes. Turnover principally consists of rental income which is recognised on a straight line basis over the term of the lease.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Long leasehold-Over the life of the lease
Fixtures & fittings-15% straight line on cost

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

TOKYO INDUSTRIES (MAYFAIR) LIMITED (REGISTERED NUMBER: 13176458)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2022


2. ACCOUNTING POLICIES - continued

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 receivables are stated at cost less impairment losses for bad and doubtful debts.

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

Cash and cash equivalents
Cash and cash equivalents comprises of cash at bank.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1st January 2022 1,635 - 1,635
Additions 120,548 239,664 360,212
At 31st December 2022 122,183 239,664 361,847
DEPRECIATION
Charge for year 200 - 200
At 31st December 2022 200 - 200
NET BOOK VALUE
At 31st December 2022 121,983 239,664 361,647
At 31st December 2021 1,635 - 1,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 37,664 -
Amounts owed by group undertakings 1 1
Other debtors 177,500 249,639
VAT 25,475 7,571
Prepayments and accrued income 257,977 -
498,617 257,211

TOKYO INDUSTRIES (MAYFAIR) LIMITED (REGISTERED NUMBER: 13176458)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 506,545 213,418
Tokyo creditors 414,827 47,168
Accruals and deferred income 2,498 19,972
923,870 280,558

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 1 1

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Mellor, a director of the ultimate parent company by virtue of their controlling interest in the ultimate parent, Tokyo Industries (Ultimate) Limited.

The parent company of the largest and smallest group is Tokyo Industries (Ultimate) Limited incorporated in England and Wales whose registered office is 100 Barbirolli Square, Manchester, M2 3BD.