Company registration number 05839204 (England and Wales)
TOP DRAWER TOURS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
PAGES FOR FILING WITH REGISTRAR
TOP DRAWER TOURS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
TOP DRAWER TOURS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2022
30 September 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Trade and other receivables
3
260,137
16,773
Cash and cash equivalents
575
24,697
260,712
41,470
Current liabilities
4
(35,967)
(12,962)
Net current assets
224,745
28,508
Equity
Called up share capital
1
1
Retained earnings
224,744
28,507
Total equity
224,745
28,508
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 October 2023
Mr Jeff Wayne
Director
Company Registration No. 05839204
TOP DRAWER TOURS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 2 -
1
Accounting policies
Company information
Top Drawer Tours Limited is a private company limited by shares incorporated in England and Wales. The registered office is Oliver House, 8 & 9 Ivor Place, London, NW1 6BY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Revenue
Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT where applicable.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
TOP DRAWER TOURS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
2
2
3
Trade and other receivables
2022
2021
Amounts falling due within one year:
£
£
Corporation tax recoverable
201,718
8,830
Amounts owed by group undertakings
58,419
713
Other receivables
7,230
260,137
16,773
4
Current liabilities
2022
2021
£
£
Trade payables
2,697
8,087
Amounts owed to group undertakings
1,425
Other payables
33,270
3,450
35,967
12,962
National Westminster Bank Plc has a fixed and floating charge on the assets of the company.
5
Related party transactions
At the year end, the company owed £58,419 to (2021 - owed £713 by) Jeff Wayne Music Group Limited, the parent company, in respect of an interest free loan payable on demand.
During the year, the company received income of £2,333,925 (2021 - £55,559) from Jeff Wayne Music Group Limited, the parent company.
6
Parent company
The parent undertaking is Jeff Wayne Music Group Limited, the address of the registered office is Oliver House, 8&9 Ivor Place, London NW1 6BY.