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REGISTERED NUMBER: 10578390 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TOP TRADE (UK) CORPORATION LIMITED

TOP TRADE (UK) CORPORATION LIMITED (REGISTERED NUMBER: 10578390)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOP TRADE (UK) CORPORATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs Chow
Mr L Tsang





REGISTERED OFFICE: Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL





BUSINESS ADDRESS: 68 St Leonards Road
Headington
Oxford
OX3 8AB





REGISTERED NUMBER: 10578390 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

TOP TRADE (UK) CORPORATION LIMITED (REGISTERED NUMBER: 10578390)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,039,306 3,399,207
3,039,306 3,399,207

CURRENT ASSETS
Debtors 6 692,130 698,130
Cash at bank 119,014 81,366
811,144 779,496
CREDITORS
Amounts falling due within one year 7 2,181,411 2,239,509
NET CURRENT LIABILITIES (1,370,267 ) (1,460,013 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,669,039

1,939,194

CREDITORS
Amounts falling due after more than one
year

8

1,712,750

1,903,750
NET (LIABILITIES)/ASSETS (43,711 ) 35,444

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (43,811 ) 35,344
SHAREHOLDERS' FUNDS (43,711 ) 35,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 TRADE (UK) CORPORATION LIMITED (REGISTERED NUMBER: 10578390)

BALANCE SHEET - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mr L Tsang - Director


TOP TRADE (UK) CORPORATION LIMITED (REGISTERED NUMBER: 10578390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Top Trade (UK) Corporation 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Appliances & equipment - 20% on cost
Fixtures and fittings - 20% on cost

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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TOP TRADE (UK) CORPORATION LIMITED (REGISTERED NUMBER: 10578390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Appliances and
& equipment fittings Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 4,057 17,201 21,258
DEPRECIATION
At 1 February 2023
and 31 January 2024 4,057 17,201 21,258
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 3,399,207
Disposals (359,901 )
At 31 January 2024 3,039,306
NET BOOK VALUE
At 31 January 2024 3,039,306
At 31 January 2023 3,399,207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by group undertakings 692,130 698,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 9,384 2,289
Tax - 3,486
Directors' current accounts 2,159,581 2,228,609
Accrued expenses 12,446 5,125
2,181,411 2,239,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 680,000 -
Bank loans - 2-5 years 1,032,750 1,903,750
1,712,750 1,903,750

TOP TRADE (UK) CORPORATION LIMITED (REGISTERED NUMBER: 10578390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 1,712,750 1,903,750

The bank loans are secured by way of fixed charges over the freehold properties in favour of Arbuthnot Latham & Co Limited.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 35,344
Deficit for the year (79,155 )
At 31 January 2024 (43,811 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is Ultimate Gain International Limited.

The ultimate controlling party is Mrs Chow.

At the balance sheet date the parent company was registered in the British Virgin Islands.