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REGISTERED NUMBER: 08106859 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Tokay Property Limited

Tokay Property Limited (Registered number: 08106859)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Tokay Property Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: J J Hansell
H Hansell





SECRETARY: J J Hansell





REGISTERED OFFICE: Suite 5
10 Churchill Square
West Malling
Kent
ME19 4YU





REGISTERED NUMBER: 08106859 (England and Wales)





ACCOUNTANTS: Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent
ME19 4YU

Tokay Property Limited (Registered number: 08106859)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,748 2,403
Investment property 5 - 64,000
1,748 66,403

CURRENT ASSETS
Debtors 6 74,019 11,772
Cash at bank - 7,551
74,019 19,323
CREDITORS
Amounts falling due within one year 7 450 1,697
NET CURRENT ASSETS 73,569 17,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,317

84,029

PROVISIONS FOR LIABILITIES - 1,780
NET ASSETS 75,317 82,249

Tokay Property Limited (Registered number: 08106859)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 50,100 50,100
Fair value reserve 8 - 16,000
Retained earnings 25,217 16,149
SHAREHOLDERS' FUNDS 75,317 82,249

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

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

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 Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:





J J Hansell - Director


Tokay Property Limited (Registered number: 08106859)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Tokay Property Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Tokay Property Limited (Registered number: 08106859)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 2,622
DEPRECIATION
At 1 November 2022 219
Charge for year 655
At 31 October 2023 874
NET BOOK VALUE
At 31 October 2023 1,748
At 31 October 2022 2,403

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 64,000
Disposals (64,000 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 64,000

Investment property was revalued by the directors at the year end and is shown at its valuation of £64,000 (2021 - £64,000). If it was not revalued it would be shown at its cost value of £48,000.

Tokay Property Limited (Registered number: 08106859)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 74,019 11,772

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 450 1,697

8. RESERVES
Fair
value
reserve
£   
At 1 November 2022 16,000
Unrealised gain on investment
property

(16,000

)


At 31 October 2023 -

9. RELATED PARTY DISCLOSURES

Included within other debtors due within one year are loans to Muscat Property Limited, an associated company, amounting to £62,000 (2022 - £10,000).

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by way of their shareholding in the ultimate parent company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tokay Property Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tokay Property Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tokay Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tokay Property Limited and state those matters that we have agreed to state to the Board of Directors of Tokay Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tokay Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tokay Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tokay Property Limited. You consider that Tokay Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tokay Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tokay Property Limited

ME19 4YU


Date: .............................................