REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 |
FOR |
TOKYO INDUSTRIES (LIVE) LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 |
FOR |
TOKYO INDUSTRIES (LIVE) LTD |
TOKYO INDUSTRIES (LIVE) LTD (REGISTERED NUMBER: 09426855) |
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 (LIVE) LTD |
COMPANY INFORMATION |
for the Year Ended 31st December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
100 Barbirolli Square |
Manchester |
M2 3BD |
TOKYO INDUSTRIES (LIVE) LTD (REGISTERED NUMBER: 09426855) |
BALANCE SHEET |
31st December 2022 |
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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 (LIVE) LTD (REGISTERED NUMBER: 09426855) |
BALANCE SHEET - continued |
31st December 2022 |
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 Board of Directors and authorised for issue on |
TOKYO INDUSTRIES (LIVE) LTD (REGISTERED NUMBER: 09426855) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2022 |
1. | STATUTORY INFORMATION |
Tokyo Industries (Live) Limited is a private company, limited by shares, registered in England and Wales, registration number 09426855. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD.. The principal place of business is Office 201, Devonshire House, Manor Way, Borehamwood, WD6 1QQ. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The concept of going concern is an underlying assumption in the production of financial statements. As there are net liabilities there is a question mark over going concern. Although there is no formal agreement in place FAC251 Limited has indicated it will provide financial support to the company for at least 12 months from the date of these accounts. |
Turnover |
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of value added tax and trade discounts. Turnover principally consists of food and drink sales, admission charges and machine income where net takings are recognised as earned. |
Investments |
In the balance sheet, unlisted investments are shown as cost less impairment. Any provision for impairment is reflected as an expense in the statement of profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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. |
Government grants |
Government grants are recognised on the accrual model and are measured at fair value of the asset receivable. Grants are classified as relating either to other income or to assets. Grants related to other income are recognised in profit or loss over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. |
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. |
TOKYO INDUSTRIES (LIVE) LTD (REGISTERED NUMBER: 09426855) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2022 |
2. | ACCOUNTING POLICIES - continued |
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 comprise cash at bank. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
Additions |
At 31st December 2022 |
NET BOOK VALUE |
At 31st December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Tokyo Companies | 50,000 | 70,000 |
VAT |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Tax |
VAT | - | 170 |
Other creditors |
Tokyo Companies | 1,045,822 | 48,682 |
Accruals and deferred income |
TOKYO INDUSTRIES (LIVE) LTD (REGISTERED NUMBER: 09426855) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2022 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
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, FAC251 Limited. During the financial year, he shares were transferred from Mr A Mellor to FAC251 Limited. |
The parent company of the largest and smallest group is FAC251 Limited incorporated in England and Wales whose registered office is 100 Barbirolli Square, Manchester, M2 3BD. |