|
Registered number: 06917300 (England and Wales)
|
|
|
|
|
|
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
|
|
|
|
FOR THE YEAR ENDED
31 MARCH 2026
|
|
|
|
|
|
|
|
Pages for Filing with Registrar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONTENTS
|
|
|
|
|
|
|
|
|
Notes to the Financial Statements
|
|
|
|
COMPANY INFORMATION
Director and company secretary
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 1 -
|
|
|
|
|
Registered number: 06917300 (England and Wales)
AKIRA PARTNERS UK LTD
|
BALANCE SHEET
AS AT 31 MARCH 2026
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 2 -
|
|
|
|
|
Registered number: 06917300 (England and Wales)
AKIRA PARTNERS UK LTD
|
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the 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 his 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 prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the Director's Report and Profit and Loss Account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the director:
|
|
Director and company secretary
|
|
|
Date: 15 July 2026
The notes on pages 4 to 8 form part of these financial statements.
|
- 3 -
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Akira Partners UK Ltd is a private company, limited by share capital and incorporated in England and Wales, registered number 06917300. The address of the registered office is 304 Westbourne Grove, London W11 2PS.
2.Accounting policies
|
|
|
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 Section 1A - small entities of Financial Reporting Standard 102, the 'Financial Reporting Standard applicable in the UK and the Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is derived from the recharge of expenditure incurred by the company, which is recognised on the accruals basis, plus a mark up.
Tangible fixed assets under the cost model, other than investment properties, 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.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
|
|
|
|
|
|
|
25% - 33% 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 the Profit and Loss Account.
Fixed asset investments are stated at historical cost less provision for any diminution in value.
The investment property is initially recognised at cost, which includes the original purchase price and the costs directly attributable to bringing the asset into its working condition, for its intended use.
The investment property is carried at fair value determined annually 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 the Profit and Loss Account.
- 4 -
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Short-term debtors are measured at the 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.
|
|
|
Cash and cash equivalents
|
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial instruments 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 Profit and Loss Account.
Financial assets and liabilities are offset, and the net amounts reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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.
|
|
|
Foreign currency translation
|
Functional and presentational currency
The company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and Loss Account.
- 5 -
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Finance costs are charged to the Profit and Loss Account 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.
|
|
|
Operating leases: the company as lessor
|
Rental income from operating leases, presented as other operating income, is credited to the Profit and Loss Account on a straight line basis over the term of the relevant lease.
Tax is recognised in the Profit and Loss Account.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the company operates and generates income.
|
|
|
|
|
There were no employees during the year (2025: 0). The company has 1 director and a secretary who received no emoluments for their services.
|
- 6 -
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
|
|
The net book value as at 1 April 2025 and 31 March 2026 was equal to the cost of £49,900.
|
|
|
Freehold investment property
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The investment property was valued by the director, on a fair value basis.
The fair value of the property is derived from valuation techniques and the estimation of future cash flows to be generated over a number of years. The estimation technique requires a combination of assumptions including rental values, the condition of the property, local property market conditions and the economic climate.
The fair value adjustment, an increase in carrying value of £129,293 (2025 - reduction in carrying value of £396,133), has been recognised in the Profit and Loss Account.
|
|
|
|
|
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included within amounts owed by group undertakings and undertakings in which the company has a participating interest is £50,000 (2025 - £50,000), which is receivable in more than one year.
|
- 7 -
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included within other creditors is £147,621 (2025 - £95,841) on which security, in the form of an investment property, has been given by the company.
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security, in the form of an investment property, has been given by the company in respect of the other creditors balance above.
|
|
|
Included in other creditors are the following amounts due after more than five years:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
After more than five years payable by instalments
|
|
|
|
|
Related party transactions
|
|
|
At the balance sheet date the amount due to the director was £nil (2025 - £55,771). During the year, £55,771 (2025 - £23,971) was advanced to the director.
|
- 8 -
|