Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalse2023-05-01false2No description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12568732 2023-05-01 2024-04-30 12568732 2022-05-01 2023-04-30 12568732 2024-04-30 12568732 2023-04-30 12568732 c:Director1 2023-05-01 2024-04-30 12568732 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 12568732 d:FreeholdInvestmentProperty 2024-04-30 12568732 d:FreeholdInvestmentProperty 2023-04-30 12568732 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 12568732 d:CurrentFinancialInstruments 2024-04-30 12568732 d:CurrentFinancialInstruments 2023-04-30 12568732 d:Non-currentFinancialInstruments 2024-04-30 12568732 d:Non-currentFinancialInstruments 2023-04-30 12568732 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 12568732 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 12568732 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 12568732 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 12568732 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 12568732 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 12568732 d:ShareCapital 2024-04-30 12568732 d:ShareCapital 2023-04-30 12568732 d:RetainedEarningsAccumulatedLosses 2024-04-30 12568732 d:RetainedEarningsAccumulatedLosses 2023-04-30 12568732 c:FRS102 2023-05-01 2024-04-30 12568732 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12568732 c:FullAccounts 2023-05-01 2024-04-30 12568732 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12568732 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 12568732










TOSHIKA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
TOSHIKA LIMITED
REGISTERED NUMBER: 12568732

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
850,500
814,399

  
850,500
814,399

Current assets
  

Debtors: amounts falling due within one year
 5 
528
11,974

Cash at bank and in hand
 6 
5,575
10,179

  
6,103
22,153

Creditors: amounts falling due within one year
 7 
(438,680)
(418,925)

Net current liabilities
  
 
 
(432,577)
 
 
(396,772)

Total assets less current liabilities
  
417,923
417,627

Creditors: amounts falling due after more than one year
 8 
(462,585)
(462,585)

  

Net liabilities
  
(44,662)
(44,958)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(44,672)
(44,968)

  
(44,662)
(44,958)

Page 1

 
TOSHIKA LIMITED
REGISTERED NUMBER: 12568732

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 January 2025.




P A Flavin
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
TOSHIKA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Toshika Limited is a private limited company incorporated in England and Wales. The registered office is 601 London Road, Westcliff-on-Sea, Essex SS0 9PE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company had a deficit on shareholders' funds at 30 April 2024 of £44,662. However, the directors are of the opinion that the company has and will continue to have the support of its creditors for the foreseeable future. In the light of this factor, the directors consider it appropriate to adopt the going concern basis in preparation of these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
TOSHIKA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Investment property

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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
TOSHIKA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
814,399


Additions at cost
35,359


Surplus on revaluation
742



At 30 April 2024
850,500

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Trade debtors
528
3,666

Other debtors
-
8,308

528
11,974



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,575
10,179



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
437,042
417,365

Accruals and deferred income
1,638
1,560

438,680
418,925


Page 5

 
TOSHIKA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
462,585
462,585



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
462,585
462,585

462,585
462,585



Page 6