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REGISTERED NUMBER: 03821024 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

TOKAR LIMITED

| TOKAR LIMITED (REGISTERED NUMBER: 03821024) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| TOKAR LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | Mr D A Page

| Mrs M R Page

| SECRETARY: | Mrs M R Page

| REGISTERED OFFICE: | Tokar Farmhouse

| Yapton Lane

| Walberton

| West Sussex

| BN18 0AS

| REGISTERED NUMBER: | 03821024 (England and Wales)

| ACCOUNTANTS: | Lewis Brownlee (Chichester) Limited

| Chartered Accountants

| Appledram Barns

| Birdham Road

| Chichester

| West Sussex

| PO20 7EQ

| TOKAR LIMITED (REGISTERED NUMBER: 03821024) |

BALANCE SHEET

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 9,798 |  | 15,172 |  |

Investment property | 5 | 679,049 |  | 665,928 |  |

688,847 |  | 681,100 |  |

CURRENT ASSETS

Debtors | 6 | 15,941 |  | 11,997 |  |

Cash at bank | 48,996 |  | 63,537 |  |

64,937 |  | 75,534 |  |

CREDITORS

Amounts falling due within one year | 7 | 222,432 |  | 223,815 |  |

NET CURRENT LIABILITIES | (157,495 | ) | (148,281 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 531,352 |  | 532,819 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (105,565 | ) | (105,565 | ) |

PROVISIONS FOR LIABILITIES | 10 | (66,994 | ) | (65,412 | ) |

NET ASSETS | 358,793 |  | 361,842 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | 11 | 358,593 |  | 361,642 |  |

SHAREHOLDERS' FUNDS | 358,793 |  | 361,842 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

| TOKAR LIMITED (REGISTERED NUMBER: 03821024) |

BALANCE SHEET - continued

31 JANUARY 2025

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 10 October 2025 and were signed on its behalf by:

Mr D A Page - Director

| TOKAR LIMITED (REGISTERED NUMBER: 03821024) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Tokar 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.

| The financial statements are presented in Sterling (£), which is also the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest whole £1.

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.

| Revenue recognition

| Revenue represents rental income earned, on a time basis, on the investment properties held by the company.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on cost

| 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.

| Financial instruments

| Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

| 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.

| Leasing commitments

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

| TOKAR LIMITED (REGISTERED NUMBER: 03821024) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 69,520 |  |

| DEPRECIATION

| At 1 February 2024 | 54,348 |  |

| Charge for year | 5,374 |  |

| At 31 January 2025 | 59,722 |  |

| NET BOOK VALUE

| At 31 January 2025 | 9,798 |  |

| At 31 January 2024 | 15,172 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 February 2024 | 665,928 |  |

| Additions | 13,121 |  |

| At 31 January 2025 | 679,049 |  |

| NET BOOK VALUE

| At 31 January 2025 | 679,049 |  |

| At 31 January 2024 | 665,928 |  |

| The investment properties have been revalued by the directors at the balance sheet date to reflect their assessment of the open market value. The historical cost of the investment properties is £274,656 (2024 - £261,535). A provision has been made for the deferred tax arising on the revaluation.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 12,001 |  | 6,434 |  |

| Other debtors | 3,940 |  | 5,563 |  |

15,941 |  | 11,997 |  |

| TOKAR LIMITED (REGISTERED NUMBER: 03821024) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 4,456 |  | 40,654 |  |

| Taxation and social security | 16,117 |  | 1,001 |  |

| Other creditors | 201,859 |  | 182,160 |  |

222,432 |  | 223,815 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 105,565 |  | 105,565 |  |

9. | LEASING AGREEMENTS

| At 31 January 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £148,940 (2024 - £211,940).

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 66,994 |  | 65,412 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 65,412 |  |

| Movement during the year | 1,582 |  |

| Balance at 31 January 2025 | 66,994 |  |

| Within deferred tax is a provision arising from the revaluation of the investment property totalling £66,566 (2024 - £66,566).

11. | RESERVES

| Retained earnings included non-distributable reserve of £337,827 (2024 - £337,827).