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REGISTERED NUMBER: 09350461 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Toheda Ltd

Toheda Ltd (Registered number: 09350461)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Toheda Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J A Dent





SECRETARY: Mrs H L Dent





REGISTERED OFFICE: Chatsworth House Norwood Green Hill
Norwood Green
Halifax
West Yorkshire
HX3 8QX





REGISTERED NUMBER: 09350461 (England and Wales)





ACCOUNTANTS: Search Accountancy Limited
Suite 1, 5th Floor
31-32 Park Row
Leeds
West Yorkshire
LS1 5JD

Toheda Ltd (Registered number: 09350461)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 299 398
Investments 5 117,115 117,115
Investment property 6 747,765 781,507
865,179 899,020

CURRENT ASSETS
Debtors 7 564,077 314,677
Cash at bank 12,074 12,715
576,151 327,392
CREDITORS
Amounts falling due within one year 8 780,700 451,683
NET CURRENT LIABILITIES (204,549 ) (124,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,630

774,729

CREDITORS
Amounts falling due after more than one
year

9

(870,000

)

(1,045,000

)

PROVISIONS FOR LIABILITIES 11 (57 ) -
NET LIABILITIES (209,427 ) (270,271 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (209,527 ) (270,371 )
(209,427 ) (270,271 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Toheda Ltd (Registered number: 09350461)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





J A Dent - Director


Toheda Ltd (Registered number: 09350461)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Toheda Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Toheda Ltd (Registered number: 09350461)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 2,582
DEPRECIATION
At 1 April 2022 2,184
Charge for year 99
At 31 March 2023 2,283
NET BOOK VALUE
At 31 March 2023 299
At 31 March 2022 398

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

5. FIXED ASSET INVESTMENTS

31.3.23 31.3.22
£    £   
Other investments not loans 117,115 117,115

Additional information is as follows:
Interest
in joint
venture
£   
COST
At 1 April 2022
and 31 March 2023 428,643
PROVISIONS
At 1 April 2022
and 31 March 2023 428,643
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Toheda Ltd (Registered number: 09350461)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS - continued

IMPAIRMENT OF FIXED ASSETS

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.


INVESTMENTS

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investment property is valued at fair value by the directors. Gains are recognised in the income statement. Deferred tax is provided on those gains at the rate expected to apply when the property sold.

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Other investments 117,115 117,115

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 781,507
Disposals (33,742 )
At 31 March 2023 747,765
NET BOOK VALUE
At 31 March 2023 747,765
At 31 March 2022 781,507

The Director has reviewed the valuation of the investment property on 31 March 2021 and has concluded that the valuation above still reflects the market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,334 2,334
Other debtors 100,400 101,000
Loan to Southern Wind 460,947 210,947
Prepayments 396 396
564,077 314,677

Toheda Ltd (Registered number: 09350461)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 8,425 3,600
Directors' loan accounts 766,935 444,743
Accrued expenses 5,340 3,340
780,700 451,683

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other loans (see note 10) 870,000 1,045,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 870,000 1,045,000

10. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal 870,000 1,045,000

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 57 -

Deferred
tax
£   
Charge to Income Statement during year 57
Balance at 31 March 2023 57