REGISTERED NUMBER: 03821024 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

TOKAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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).