Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false2023-08-01falseNo description of principal activity1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09125657 2023-08-01 2024-07-31 09125657 2022-08-01 2023-07-31 09125657 2024-07-31 09125657 2023-07-31 09125657 c:Director1 2023-08-01 2024-07-31 09125657 d:Buildings d:ShortLeaseholdAssets 2023-08-01 2024-07-31 09125657 d:Buildings d:ShortLeaseholdAssets 2024-07-31 09125657 d:Buildings d:ShortLeaseholdAssets 2023-07-31 09125657 d:FurnitureFittings 2023-08-01 2024-07-31 09125657 d:FurnitureFittings 2024-07-31 09125657 d:FurnitureFittings 2023-07-31 09125657 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09125657 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09125657 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 09125657 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 09125657 d:CurrentFinancialInstruments 2024-07-31 09125657 d:CurrentFinancialInstruments 2023-07-31 09125657 c:FRS102 2023-08-01 2024-07-31 09125657 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09125657 c:FullAccounts 2023-08-01 2024-07-31 09125657 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09125657 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-08-01 2024-07-31 09125657 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 09125657









KOTO RESTAURANTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
KOTO RESTAURANTS LTD
REGISTERED NUMBER: 09125657

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Fixed assets
  

Intangible assets
 4 
12,502
23,500

Tangible assets
 5 
19,324
24,385

  
31,826
47,885

Current assets
  

Stocks
  
1,500
1,500

Debtors: amounts falling due within one year
 6 
8,119
12,407

Cash at bank and in hand
 7 
7,528
28,488

  
17,147
42,395

Creditors: amounts falling due within one year
 8 
(258,294)
(228,227)

Net current liabilities
  
 
 
(241,147)
 
 
(185,832)

Total assets less current liabilities
  
(209,321)
(137,947)

  

  

  

Net assets excluding pension asset
  
(209,321)
(137,947)

Net liabilities
  
(209,321)
(137,947)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(209,421)
(138,047)

  
(209,321)
(137,947)


Page 1

 
KOTO RESTAURANTS LTD
REGISTERED NUMBER: 09125657
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 director acknowledges her 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 comprehensive income 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 25 April 2025.




Yoko Fusa
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KOTO RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Koto Restaurants Limited is a limited company incorporated in England. The registered office is situated at 114 Walton Street, Oxford, OX2 6AJ.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
KOTO RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 August 2022 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost 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.

Page 4

 
KOTO RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and a reducing balance basis as shown below.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
Straight Line over Lease Term
Fixtures and fittings
-
25%  Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

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.

 
2.10

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 11 (2023 - 11).

Page 5

 
KOTO RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
109,984



At 31 July 2024

109,984



Amortisation


At 1 August 2023
86,484


Charge for the year on owned assets
10,998



At 31 July 2024

97,482



Net book value



At 31 July 2024
12,502



At 31 July 2023
23,500



Page 6

 
KOTO RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





S/Term Leasehold Property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
26,910
85,589
112,499



At 31 July 2024

26,910
85,589
112,499



Depreciation


At 1 August 2023
14,490
73,624
88,114


Charge for the year on owned assets
2,070
2,991
5,061



At 31 July 2024

16,560
76,615
93,175



Net book value



At 31 July 2024
10,350
8,974
19,324



At 31 July 2023
12,420
11,965
24,385


6.


Debtors

2024
2023
£
£


Trade debtors
1,083
2,784

Other debtors
4,000
4,000

Prepayments and accrued income
3,036
5,623

8,119
12,407



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,528
28,488

7,528
28,488


Page 7

 
KOTO RESTAURANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,634
6,345

Other taxation and social security
6,441
5,812

Other creditors
246,114
212,140

Accruals and deferred income
4,105
3,930

258,294
228,227



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £655 (2023 - £545). Contributions totalling £25 (2023 - £23) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

The directors have made loans to the company which are interest free and have no fixed date for repayment. The amounts outstanding at the balance sheet date amounted to £240,410 (2023: £208,826) from Ms Y Fusa..


11.


Controlling party

The company is controlled by Ms Y Fusa who owns the whole of the issued share capital.

 
Page 8