Tokyo Industries (Property) Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05788114 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

TOKYO INDUSTRIES (PROPERTY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Mellor

REGISTERED OFFICE:

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

05788114 (England and Wales)

AUDITORS:

KAY JOHNSON GEE LLP

CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

3

2,503,086

2,564,138

Investments

4

1,000,000

1,000,000

3,503,086

3,564,138

CURRENT ASSETS

Debtors

5

257,998

257,998

Cash at bank

1,024

1,054

259,022

259,052

CREDITORS

Amounts falling due within one year

6

6,473,120

6,473,150

NET CURRENT LIABILITIES

(6,214,098

)

(6,214,098

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,711,012

)

(2,649,960

)

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

7

1,779,668

1,822,634

Retained earnings

(4,490,690

)

(4,472,604

)

SHAREHOLDERS' FUNDS

(2,711,012

)

(2,649,960

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director on 30th May 2017 and were signed by:

A Mellor - Director

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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.

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 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.

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.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st January 2016

and 31st December 2016

3,052,576

DEPRECIATION

At 1st January 2016

488,438

Charge for year

61,052

At 31st December 2016

549,490

NET BOOK VALUE

At 31st December 2016

2,503,086

At 31st December 2015

2,564,138

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2016

and 31st December 2016

5,738,627

PROVISIONS

At 1st January 2016

and 31st December 2016

4,738,627

NET BOOK VALUE

At 31st December 2016

1,000,000

At 31st December 2015

1,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Amounts owed by group undertakings

257,998

257,998

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

100

50

Amounts owed to group undertakings

6,467,675

6,467,749

Other creditors

5,345

5,351

6,473,120

6,473,150

7.

RESERVES

Revaluation

reserve

£

At 1st January 2016

1,822,634

Transfer between revaluation

reserve and profit/loss

account

(42,966

)

At 31st December 2016

1,779,668

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roger Blaskey (Senior Statutory Auditor)

for and on behalf of KAY JOHNSON GEE LLP

9.	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.