Tokyo Industries (Property) Limited - Accounts to registrar (filleted) - small 18.2
Tokyo Industries (Property) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018 |
| FOR |
| TOKYO INDUSTRIES (PROPERTY) LIMITED |
| TOKYO INDUSTRIES (PROPERTY) LIMITED (REGISTERED NUMBER: 05788114) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31st December 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| TOKYO INDUSTRIES (PROPERTY) LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31st December 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS |
| 1 City Road East |
| Manchester |
| M15 4PN |
| TOKYO INDUSTRIES (PROPERTY) LIMITED (REGISTERED NUMBER: 05788114) |
| BALANCE SHEET |
| 31st December 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Fair value reserve | 9 | - |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved and authorised for issue by the Board of Directors on and were signed on its behalf by: |
| TOKYO INDUSTRIES (PROPERTY) LIMITED (REGISTERED NUMBER: 05788114) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31st December 2018 |
| 1. | STATUTORY INFORMATION |
| Tokyo Industries (Property) Limited is a private company limited by share capital, incorporated in England and |
| Wales, registration number 05788114. The address of the registered office is 1 City Road East, Manchester, |
| M15 4PN. The principal place of business is Suite 14, 2nd Floor, UCB House, 3 George Street, Watford, |
| Hertfordshire, WD18 0BX. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Land and buildings held and used in the Group's own activities are stated in the financial statements at their |
| revalued amounts, by virtue of the section 35 exemption on transition to FRS102. The latest revaluations were |
| carried out professionally during February 2013 with impairment reviews conducted in the subsequent periods. |
| Any revaluation increase or decrease on land and buildings is charged through the property revaluation reserve. |
| As detailed below, the directors undertake an annual impairment review of all properties by reference to the |
| underlying economic environment in which the property is operating. Once a revalued property is sold any |
| attributable revaluation surplus that is remaining in the revaluation reserve is transferred to retained earnings. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Land and buildings - 2% on cost |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
| Investment property |
| Investment property is shown at fair value. Any change in fair value is recognised through the fair value reserve. |
| Trade and other debtors |
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the |
| effective interest method, less impairment losses for bad and doubtful debts except where the effect of |
| discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for |
| bad and doubtful debts. |
| Trade and other creditors |
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the |
| effective interest method unless the effect of discounting would be immaterial, in which case they are stated at |
| cost. |
| TOKYO INDUSTRIES (PROPERTY) LIMITED (REGISTERED NUMBER: 05788114) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st December 2018 |
| 3. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST OR VALUATION |
| At 1st January 2018 |
| Revaluations | ( |
) |
| Reclassification/transfer | ( |
) |
| At 31st December 2018 |
| DEPRECIATION |
| At 1st January 2018 |
| Charge for year |
| Revaluation adjustments | ( |
) |
| Reclassification/transfer | ( |
) |
| At 31st December 2018 |
| NET BOOK VALUE |
| At 31st December 2018 |
| At 31st December 2017 |
| Cost or valuation at 31st December 2018 is represented by: |
| Land and |
| buildings |
| £ |
| Valuation in 2018 | 200,000 |
| TOKYO INDUSTRIES (PROPERTY) LIMITED (REGISTERED NUMBER: 05788114) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st December 2018 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st January 2018 |
| and 31st December 2018 |
| PROVISIONS |
| At 1st January 2018 | 4,738,627 |
| Impairments | 4,150 |
| At 31st December 2018 | 4,742,777 |
| NET BOOK VALUE |
| At 31st December 2018 |
| At 31st December 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Reclassification/transfer | 1,251,922 |
| At 31st December 2018 |
| NET BOOK VALUE |
| At 31st December 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Amounts owed by group undertakings |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| TOKYO INDUSTRIES (PROPERTY) LIMITED (REGISTERED NUMBER: 05788114) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st December 2018 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary A | £0.01 | 7 | 7 |
| Ordinary B | £0.01 | 3 | 3 |
| Ordinary C | £0.01 | - | - |
| 10 | 10 |
| 9. | RESERVES |
| Fair |
| Revaluation | value |
| reserve | reserve | Totals |
| £ | £ | £ |
| At 1st January 2018 | - |
| Transfer between reserves | (912,448 | ) | 912,448 | - |
| Deferred tax movement | - | (155,116 | ) | (155,116 | ) |
| Reduction in revaluation |
| reserve | (824,254 | ) | - | (824,254 | ) |
| At 31st December 2018 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |