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REGISTERED NUMBER: 05088262 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

TOPVINE ALOUD LIMITED

TOPVINE ALOUD LIMITED (REGISTERED NUMBER: 05088262)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOPVINE ALOUD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P K Morgan





SECRETARY: C M Morgan





REGISTERED OFFICE: Medway
Hillside Road
Leighton Buzzard
Bedfordshire
LU7 3BU





REGISTERED NUMBER: 05088262 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

TOPVINE ALOUD LIMITED (REGISTERED NUMBER: 05088262)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 670,000 335,000
670,000 335,000

CURRENT ASSETS
Stocks 542,726 2,194,535
Debtors 6 2,136 17,862
Cash at bank 15,406 -
560,268 2,212,397
CREDITORS
Amounts falling due within one year 7 211,486 2,557,500
NET CURRENT ASSETS/(LIABILITIES) 348,782 (345,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,018,782

(10,103

)

PROVISIONS FOR LIABILITIES 27,000 3,600
NET ASSETS/(LIABILITIES) 991,782 (13,703 )

CAPITAL AND RESERVES
Called up share capital 10 92 92
Revaluation reserve 11 81,117 15,517
Retained earnings 11 910,573 (29,312 )
SHAREHOLDERS' FUNDS 991,782 (13,703 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TOPVINE ALOUD LIMITED (REGISTERED NUMBER: 05088262)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 17 October 2023 and were signed by:





P K Morgan - Director


TOPVINE ALOUD LIMITED (REGISTERED NUMBER: 05088262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Topvine Aloud 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 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.

TURNOVER
The company's turnover represents the value of rents receivable and property sales during the period.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

INVESTMENT PROPERTY
In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is recognised in the income statement. Although standard accounting practice does not require the use of a revaluation reserve, the director believes that the use of such a reserve is necessary fo a proper understanding of the company's financial position. Accordingly the investment property revaluation for the year is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of investment properties.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the director believes that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and he amount which might otherwise have been included cannot be separately identified or quantified.

STOCKS
Stocks are valued at the lower of cost and net realisable value. Where net realisable value is appropriate this is supplied by a suitably qualified director.

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 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.


TOPVINE ALOUD LIMITED (REGISTERED NUMBER: 05088262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE
Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 545
DEPRECIATION
At 1 April 2022
and 31 March 2023 545
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 335,000
Additions 246,000
Revaluations 89,000
At 31 March 2023 670,000
NET BOOK VALUE
At 31 March 2023 670,000
At 31 March 2022 335,000

TOPVINE ALOUD LIMITED (REGISTERED NUMBER: 05088262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INVESTMENT PROPERTY - continued

The balance sheet figure comprises cost £561,883 plus revaluation of £108,117.

The investment properties were valued on 31 March 2023 by the director, Mr P K Morgan LLB on the basis of open market value at £670,000. Corporation tax of approximately £27,000 would arise if the properties were sold for this value.

In the director's opinion, the carrying value of the company's investment properties as at 31 March 2023 is not significantly different from the open market fair value of the property as at the date of signing these financial statements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 600 16,832
VAT 755 -
Prepayments and accrued income 781 1,030
2,136 17,862

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) - 1,466,660
Tax 194,898 -
Social security and other taxes 1,000 -
Other creditors 7,593 1,088,250
Accruals and deferred income 7,995 2,590
211,486 2,557,500

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 26,660
Bank loans - 1,440,000
- 1,466,660

TOPVINE ALOUD LIMITED (REGISTERED NUMBER: 05088262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 1,440,000

The bank has legal charges registered on the company's properties. These properties are included in stock.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
92 Ordinary £1 92 92

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 (29,312 ) 15,517 (13,795 )
Profit for the year 1,011,485 1,011,485
Dividends (6,000 ) (6,000 )
Revaluation surplus (89,000 ) 89,000 -
Tax on revaluation 23,400 (23,400 ) -
At 31 March 2023 910,573 81,117 991,690

Although the company is not legally required to maintain a revaluation reserve, in the opinion of the director, it is in the company's best interest to do so.