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REGISTERED NUMBER: 09426855 (England and Wales)















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: Mr A Mellor
Mr M O'Sullivan
Mr P Sinclair





REGISTERED OFFICE: 1 City Road East
Manchester
M15 4PN





REGISTERED NUMBER: 09426855 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

TOKYO INDUSTRIES (LIVE) LTD (REGISTERED NUMBER: 09426855)

BALANCE SHEET
31st December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 4 345,664 -

CURRENT ASSETS
Debtors 5 312,641 71,003
Cash at bank 29,859 2,149
342,500 73,152
CREDITORS
Amounts falling due within one year 6 (1,414,977 ) (81,198 )
NET CURRENT LIABILITIES (1,072,477 ) (8,046 )
TOTAL ASSETS LESS CURRENT LIABILITIES (726,813 ) (8,046 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (726,913 ) (8,146 )
SHAREHOLDERS' FUNDS (726,813 ) (8,046 )

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 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


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 Board of Directors and authorised for issue on 29th September 2023 and were signed on its behalf by:





Mr A Mellor - Director


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
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.

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 3 (2021 - 3 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 345,664
At 31st December 2022 345,664
NET BOOK VALUE
At 31st December 2022 345,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 247,541 -
Tokyo Companies 50,000 70,000
VAT 10,553 -
Prepayments and accrued income 4,547 1,003
312,641 71,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 338,899 24,839
Tax - 107
VAT - 170
Other creditors 6,631 -
Tokyo Companies 1,045,822 48,682
Accruals and deferred income 23,625 7,400
1,414,977 81,198

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: £    £   
100 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.