6 July 2022 false No description of principal activity Taxfiler 2023.10 true 14219371business:PrivateLimitedCompanyLtd2022-07-062023-07-31 142193712022-07-05 142193712022-07-062023-07-31 14219371business:AuditExemptWithAccountantsReport2022-07-062023-07-31 14219371business:FilletedAccounts2022-07-062023-07-31 142193712023-07-31 14219371business:Director12022-07-062023-07-31 14219371business:Director22022-07-062023-07-31 14219371business:RegisteredOffice2022-07-062023-07-31 14219371core:WithinOneYear2023-07-31 14219371core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 14219371core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 14219371core:PreviouslyStatedAmount2023-07-31 14219371business:SmallEntities2022-07-062023-07-31 14219371countries:EnglandWales2022-07-062023-07-31 14219371core:PlantMachinery2022-07-062023-07-31 14219371core:FurnitureFittings2022-07-062023-07-31 14219371core:ComputerEquipment2022-07-062023-07-31 14219371core:PlantMachinery2022-07-05 14219371core:FurnitureFittings2022-07-05 14219371core:ComputerEquipment2022-07-05 14219371core:PlantMachinery2023-07-31 14219371core:FurnitureFittings2023-07-31 14219371core:ComputerEquipment2023-07-31 14219371core:AcceleratedTaxDepreciationDeferredTax2023-07-31 14219371business:OrdinaryShareClass12022-07-062023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14219371 (England and Wales)
Takara Hotel Boat Limited Unaudited accounts for the period from 6 July 2022 to 31 July 2023
Takara Hotel Boat Limited Unaudited accounts Contents
Page
- 2 -
Takara Hotel Boat Limited Company Information for the period from 6 July 2022 to 31 July 2023
Directors
Mrs Donna Leigh Jones Mr Vincent Jonathan Jones
Company Number
14219371 (England and Wales)
Registered Office
136 Hall Steet Stockport Greater Manchester SK1 4HE
Accountants
Bee Motion Accounting Limited 136 Hall Street Stockport Greater Manchester SK1 4HE
- 3 -
Takara Hotel Boat Limited Statement of financial position as at 31 July 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
52,811 
Current assets
Debtors
3,111 
Cash at bank and in hand
91,583 
94,694 
Creditors: amounts falling due within one year
(127,350)
Net current liabilities
(32,656)
Total assets less current liabilities
20,155 
Provisions for liabilities
Deferred tax
(4,452)
Net assets
15,703 
Capital and reserves
Called up share capital
100 
Profit and loss account
15,603 
Shareholders' funds
15,703 
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
Mrs Donna Leigh Jones Director Company Registration No. 14219371
- 4 -
Takara Hotel Boat Limited Notes to the Accounts for the period from 6 July 2022 to 31 July 2023
1
Statutory information
Takara Hotel Boat Limited is a private company, limited by shares, registered in England and Wales, registration number 14219371. The registered office is 136 Hall Steet, Stockport, Greater Manchester, SK1 4HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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/or services. i) Sale of goods Turnover from the sale of goods are recognised when significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company. ii) 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. 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. In this case tax is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
- 5 -
Takara Hotel Boat Limited Notes to the Accounts for the period from 6 July 2022 to 31 July 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The company has considerable financial resources together with contracts with a number of clients. The directors believes that the company is well placed to manage its business risks successfully. After making enquiries, the directors have reasonable expectations that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 6 July 2022
- 
- 
- 
- 
Additions
57,059 
221 
852 
58,132 
At 31 July 2023
57,059 
221 
852 
58,132 
Depreciation
Charge for the period
5,053 
55 
213 
5,321 
At 31 July 2023
5,053 
55 
213 
5,321 
Net book value
At 31 July 2023
52,006 
166 
639 
52,811 
5
Debtors
2023 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,305 
Other debtors
1,806 
3,111 
6
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
2,880 
Loans from directors
72,457 
Accruals
1,635 
Deferred income
50,378 
127,350 
- 6 -
Takara Hotel Boat Limited Notes to the Accounts for the period from 6 July 2022 to 31 July 2023
7
Deferred taxation
2023 
£ 
Accelerated capital allowances
4,452 
2023 
£ 
Charged to the profit and loss account
4,452 
Provision at end of period
4,452 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
9
Average number of employees
During the period the average number of employees was 2.
- 7 -