YOSHIDASHA PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
Yoshidasha Properties Limited is a limited company incorporated in the United Kingdom. The
registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The company is being wound-up.
The financial statements are presented in sterling which is the functional currency of the company and
rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The company expects to cease operations in the foreseeable future. Therefore, the director does not consider that the going concern basis is appropriate for these financial statements and has instead prepared the financial statements not on the going concern basis. This basis includes all assets at their recoverable amounts and all assets and liabilities are treated as recoverable and payable within one year.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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The average monthly number of employees, including directors, during the year was 3 (2022 - 3).
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