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REGISTERED NUMBER: 06000046 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Topsail Adventures Limited

Topsail Adventures Limited (Registered number: 06000046)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Topsail Adventures Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: N A Beck





SECRETARY: N A Beck





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 06000046 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Topsail Adventures Limited (Registered number: 06000046)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 265,703 265,289

CURRENT ASSETS
Debtors 5 515 958
Cash at bank 17,585 37,554
18,100 38,512
CREDITORS
Amounts falling due within one year 6 153,003 155,480
NET CURRENT LIABILITIES (134,903 ) (116,968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,800

148,321

PROVISIONS FOR LIABILITIES 47,764 44,599
NET ASSETS 83,036 103,722

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 119,260 119,260
Retained earnings (36,226 ) (15,540 )
SHAREHOLDERS' FUNDS 83,036 103,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Topsail Adventures Limited (Registered number: 06000046)

Balance Sheet - continued
30 November 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 7 August 2024 and were signed by:





N A Beck - Director


Topsail Adventures Limited (Registered number: 06000046)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Topsail Adventures 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and provision for depreciation is not made

Taxation
Taxation for the year comprises current and deferred tax.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

Topsail Adventures Limited (Registered number: 06000046)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 486,495
Additions 837
At 30 November 2023 487,332
DEPRECIATION
At 1 December 2022 221,206
Charge for year 423
At 30 November 2023 221,629
NET BOOK VALUE
At 30 November 2023 265,703
At 30 November 2022 265,289

The company's assets have been excessively depreciated in the past. Depreciation has only been provided for on additions from 2022 onwards..

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 515 958

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 12 12
Other creditors 152,991 155,468
153,003 155,480

7. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 119,260