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REGISTERED NUMBER: 11705287 (England and Wales)















TODA LEISURE HOLDINGS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






TODA LEISURE HOLDINGS LIMITED (REGISTERED NUMBER: 11705287)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TODA LEISURE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: I Smith





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 11705287 (England and Wales)





AUDITORS: DJH Audit Limited
Accountants
Statutory Auditors
The Exchange
5 Bank Street
Bury
BL9 0DN

TODA LEISURE HOLDINGS LIMITED (REGISTERED NUMBER: 11705287)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 46,648 28,660
Investments 5 5,002 5,002
51,650 33,662

CURRENT ASSETS
Inventories 47,256 53,112
Debtors 6 229,179 199,501
Cash at bank and in hand 97,423 120,262
373,858 372,875
CREDITORS
Amounts falling due within one year 7 (1,243,487 ) (815,977 )
NET CURRENT LIABILITIES (869,629 ) (443,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(817,979

)

(409,440

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (818,079 ) (409,540 )
(817,979 ) (409,440 )

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 director and authorised for issue on 4 December 2024 and were signed by:





I Smith - Director


TODA LEISURE HOLDINGS LIMITED (REGISTERED NUMBER: 11705287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Toda Leisure Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11705287 and its registered office address is The Exchange, 5 Bank Street, Bury, England, BL9 0DN.

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.

At the statement of financial position, the company had net liabilities of £817,979 (2022: £409,440) and reported a net loss for the year. The company is dependent on the support of the ultimate shareholder. The shareholder has agreed to support the company for at least 12 months from signing the financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore adopt a going concern basis of accounting in preparing these financial statements.

Critical accounting judgements and key sources of estimation uncertainty
There are currently no critical accounting estimates and judgements applied by the director that are considered key to the preparation of the financial statements.

Revenue
Revenue represents the amount receivable by the company arising from the supply of goods to customers, excluding value added tax. Revenue is recognised at the point of the sale to the customer.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any permanent diminution in value.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes any expenditure incurred in bringing the inventory to its present location and condition. The cost comprises of actual purchase price.

TODA LEISURE HOLDINGS LIMITED (REGISTERED NUMBER: 11705287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

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 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.

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.

Operating leases
Rentals paid under operating leases are charged to the income statement on a straight-line basis over the period of the lease.

Rental income
Rental income is recognised on a straight line basis over the term of the lease. Lease incentives are recognised as a reduction to the income over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 40 ) .

TODA LEISURE HOLDINGS LIMITED (REGISTERED NUMBER: 11705287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 October 2022 36,041
Additions 35,615
At 30 September 2023 71,656
DEPRECIATION
At 1 October 2022 7,381
Charge for year 17,627
At 30 September 2023 25,008
NET BOOK VALUE
At 30 September 2023 46,648
At 30 September 2022 28,660

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 5,002
NET BOOK VALUE
At 30 September 2023 5,002
At 30 September 2022 5,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 229,179 199,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 315,633 311,300
Amounts owed to group undertakings 377,508 -
Taxation and social security 57,886 62,863
Other creditors 492,460 441,814
1,243,487 815,977

TODA LEISURE HOLDINGS LIMITED (REGISTERED NUMBER: 11705287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 200,000 242,500
Between one and five years 550,000 550,000
750,000 792,500

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

The Report of the Auditors was unqualified.

Richard Taylor (Senior Statutory Auditor)
for and on behalf of DJH Audit Limited