YOSHIDASHA INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
Yoshidasha Investments 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 near 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.
Revenue represents rent receivable from investment properties under current market conditions.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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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