Registered number
11143677
TOP CHASE INVESTMENTS LIMITED
Filleted Accounts
31 December 2023
TOP CHASE INVESTMENTS LIMITED
Registered number: 11143677
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 10,000 10,000
Current assets
Debtors 4 451,723 451,723
Creditors: amounts falling due within one year 5 (470,258) (468,458)
Net current liabilities (18,535) (16,735)
Net liabilities (8,535) (6,735)
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,635) (6,835)
Shareholder's funds (8,535) (6,735)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Erdal Henri Frayman
Director
Approved by the board on 8 August 2024
TOP CHASE INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 January 2023 10,000
At 31 December 2023 10,000
4 Debtors 2023 2022
£ £
Other debtors 451,723 451,723
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 6,117 4,317
Amounts owed to group undertakings and undertakings in which the company has a participating interest 10,000 10,000
Other creditors 454,141 454,141
470,258 468,458
6 Other information
TOP CHASE INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
183 Angel Place
Fore Street
London
UK
N18 2UD
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