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REGISTERED NUMBER: 10646669 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1ST MARCH 2017 TO 31ST MARCH 2018

FOR

TOP OF THE MORNING PROPERTIES LIMITED

TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1st March 2017 to 31st March 2018










Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


TOP OF THE MORNING PROPERTIES LIMITED

COMPANY INFORMATION
For The Period 1st March 2017 to 31st March 2018







DIRECTOR: Mrs M Van Aswegen





SECRETARY: Exceed Cosec Services Limited





REGISTERED OFFICE: Bank House
81 St Judes Road
Englefield Green
TW20 0DF





REGISTERED NUMBER: 10646669 (England and Wales)





ACCOUNTANTS: Exceed Accountants Ltd
Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF

TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE

REPORT OF THE DIRECTOR
For The Period 1st March 2017 to 31st March 2018


The director presents her report with the financial statements of the company for the period 1st March 2017 to 31st March 2018.

INCORPORATION
The company was incorporated on 1st March 2017 .

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property rental.

DIRECTOR
Mrs M Van Aswegen was appointed as a director on 1st March 2017 and held office during the whole of the period
from then to the date of this report.

The director, being eligible, offers herself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





Mrs M Van Aswegen - Director


13th November 2018

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TOP OF THE MORNING PROPERTIES LIMITED



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Top Of The Morning Properties Limited for the period ended 31st March 2018 which comprise
the Income Statement, Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Top Of The Morning Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Top Of The Morning Properties Limited and state those matters that we have agreed to state to the director of Top Of The Morning Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Top Of The Morning Properties Limited and its director for our work or for this report.

It is your duty to ensure that Top Of The Morning Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Top Of The Morning Properties Limited. You consider that Top Of The Morning Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Top Of The Morning Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Exceed Accountants Ltd
Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF


13th November 2018

TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE

INCOME STATEMENT
For The Period 1st March 2017 to 31st March 2018

Notes £   

TURNOVER 8,004

Administrative expenses 42,421
OPERATING LOSS 3 (34,417 )


Interest payable and similar expenses 2,764
LOSS BEFORE TAXATION (37,181 )

Tax on loss 4 -
LOSS FOR THE FINANCIAL PERIOD (37,181 )

TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE

BALANCE SHEET
31st March 2018

Notes £    £   
FIXED ASSETS
Tangible assets 5 3,220
Investment property 6 454,379
457,599

CURRENT ASSETS
Debtors 7 139,306
Cash at bank 58,416
197,722
CREDITORS
Amounts falling due within one year 8 8,116
NET CURRENT ASSETS 189,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,205

CREDITORS
Amounts falling due after more than one
year

9

684,286
NET LIABILITIES (37,081 )

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings 11 (37,181 )
SHAREHOLDERS' FUNDS (37,081 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE

BALANCE SHEET - continued
31st March 2018


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

The financial statements were approved by the director on 13th November 2018 and were signed by:





Mrs M Van Aswegen - Director


TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1st March 2017 to 31st March 2018


1. STATUTORY INFORMATION

Top Of The Morning Properties 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.

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.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due. Where a contract has only been partially
completed at the balance sheet date turnover represents the value of the service provided to date based on a
proportion of the total expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as
Deferred Income and included as part of Creditors due within one year.

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.

Going concern
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a
reasonable expectation that the company has adequate resources to continue in operational existence for the
foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

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

Furniture and fixtures - 25% on cost

3. OPERATING LOSS

The operating loss is stated after charging:

£   
Depreciation - owned assets 328

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the period.

The company has carried forward losses of £40,401 to use against future profits.

TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1st March 2017 to 31st March 2018


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,548
At 31st March 2018 3,548
DEPRECIATION
Charge for period 328
At 31st March 2018 328
NET BOOK VALUE
At 31st March 2018 3,220

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 454,379
At 31st March 2018 454,379
NET BOOK VALUE
At 31st March 2018 454,379

This value is made up of five residential properties being, 41 Piddock Road worth £155,510, 22 Swisscot
Avenue worth £52,045, 42 Queen's Crescent worth £58,027, 14 Timmis Close worth £147,377 and 10
Flemming Way worth £41,420. These are the most recent and reliable market values of the properties.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,512
Other debtors 1,143
Advance for Property purchase 135,603
Prepayments and accrued income 1,048
139,306

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 2,764
Other creditors 548
Tenancy rent deposits 400
Accruals and deferred income 4,404
8,116

TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1st March 2017 to 31st March 2018


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans - 2-5 years 660,000
Directors' loan accounts 24,286
684,286

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

11. RESERVES
Retained
earnings
£   

Deficit for the period (37,181 )
At 31st March 2018 (37,181 )

12. RELATED PARTY DISCLOSURES

Included under creditors is an amount due to Mrs M Van Aswegen, the director, of £24,409. This loan is
unsecured and has no fix terms for repayment. Interest has been charged at a variable rate of 0.25% plus Bank
of England base rate per annum.

Included under creditors are amounts due to the company shareholders as per below. These loans are unsecured
and have no fixed terms for repayment. Interest has been charged at a variable rate of 0.25% plus Bank of
England base rate per annum.

Mr & Mrs Lightfoot £198,846
Mr G Reynolds £198,743
Mr & Mrs Dall £198,783
Mr D Foster £66,268

Included under property management fees is a management charge to Frankdersan UK Properties Limited of
£24,286. Mrs M Van Aswegen is also a director of Frankdersan UK Properties Limited.

13. ULTIMATE CONTROLLING PARTY

The Ultimate controlling party is Mrs M Van Aswegen, the director and 10% shareholder of the company.