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REGISTERED NUMBER: 09565074 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TOY ROOM BRAND LTD

TOY ROOM BRAND LTD (REGISTERED NUMBER: 09565074)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TOY ROOM BRAND LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J Rocca
K Mulchandani



REGISTERED OFFICE: 96 Brighton Road
Banstead
SM7 1BU



REGISTERED NUMBER: 09565074 (England and Wales)



SENIOR STATUTORY AUDITOR: Robert Nissen F.C.A.



AUDITORS: Stein Richards
Chartered Accountants and Statutory Auditor
10 London Mews
Paddington
LONDON
W2 1HY

TOY ROOM BRAND LTD (REGISTERED NUMBER: 09565074)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 495

CURRENT ASSETS
Debtors 5 302,978 179,035
Cash at bank 31,671 173,504
334,649 352,539
CREDITORS
Amounts falling due within one year 6 386,119 242,502
NET CURRENT (LIABILITIES)/ASSETS (51,470 ) 110,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,470

)

110,532

PROVISIONS FOR LIABILITIES - 206
NET (LIABILITIES)/ASSETS (51,470 ) 110,326

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (51,472 ) 110,324
SHAREHOLDERS' (DEFICIT)/FUNDS (51,470 ) 110,326

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





K Mulchandani - Director


TOY ROOM BRAND LTD (REGISTERED NUMBER: 09565074)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Toy Room Brand 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.

Going concern
The financial statements have been prepared on a going concern basis as the directors believe that adequate cash resources will be available to cover the company's requirements for working capital expenditure for at least the next twelve months from the date of approval of these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of value added tax.

Revenue recognition
Revenue from services relates to franchise fees and royalty fees payable by customers for the use of a brand managed by the company.

Provided that the outcome of the service transactions can be reliably estimated, revenue from franchise fees is recognised when the fees become receivable in accordance with contracted terms.

Revenue from royalties is recognised in accordance with the period to which they relate. When the outcome of the service transactions cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and other creditors.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are
measured , initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


TOY ROOM BRAND LTD (REGISTERED NUMBER: 09565074)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

TOY ROOM BRAND LTD (REGISTERED NUMBER: 09565074)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 1,208
Disposals (1,208 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 713
Charge for year 201
Eliminated on disposal (914 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 495

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 187,173 153,327
Amounts owed by group undertakings 48,120 24,519
Other debtors 67,685 1,189
302,978 179,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,041 21,407
Amounts owed to group undertakings 11,283 10,601
Taxation and social security 185,864 43,529
Other creditors 186,931 166,965
386,119 242,502

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Nissen F.C.A. (Senior Statutory Auditor)
for and on behalf of Stein Richards

TOY ROOM BRAND LTD (REGISTERED NUMBER: 09565074)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
J Rocca
Balance outstanding at start of year - 4,152
Amounts repaid - (4,152 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. ULTIMATE PARENT UNDERTAKING

The ultimate parent company is Universo Pacha SA (incorporated in Spain). The registered office address is Avenida 8 D'Agost 27, 07800, Eivissa, Spain.

The smallest and largest group in which the results of the company are consolidated is that headed by Universo Pacha SA. The consolidated financial statements of this group are available to the public and may be obtained from the registered office.