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REGISTERED NUMBER: 12026308 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

TOP TIER BRIDGING LOANS LTD

TOP TIER BRIDGING LOANS LTD (REGISTERED NUMBER: 12026308)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOP TIER BRIDGING LOANS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: D M Sofizade





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 12026308 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

TOP TIER BRIDGING LOANS LTD (REGISTERED NUMBER: 12026308)

BALANCE SHEET
31 July 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Debtors 4 166,500 150,000
Cash at bank 2,563 24,913
169,063 174,913
CREDITORS
Amounts falling due within one year 5 55,633 41,101
NET CURRENT ASSETS 113,430 133,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,430

133,812

CREDITORS
Amounts falling due after more than one
year

6

10,510

20,754
NET ASSETS 102,920 113,058

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 102,918 113,056
SHAREHOLDERS' FUNDS 102,920 113,058

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

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 24 October 2024 and were signed by:




D M Sofizade - Director


TOP TIER BRIDGING LOANS LTD (REGISTERED NUMBER: 12026308)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Top Tier Bridging Loans Ltd 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.

Going concern
After reviewing the company's forecasts and projections, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

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

Turnover represents arranging finance income and discounts.

Rendering of services

The income included in the accounts is recognised once the valuation completed.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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 or deferred taxation assets and liabilities are not discounted.

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.

TOP TIER BRIDGING LOANS LTD (REGISTERED NUMBER: 12026308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,500 -
Other debtors 165,000 150,000
166,500 150,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,246 9,994
Taxation and social security 3,251 28,325
Other creditors 42,136 2,782
55,633 41,101

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 10,510 20,754

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
2 2

8. RELATED PARTY DISCLOSURES

At the year end the company is owed £165,000 (2023 - £150,000) by Arden Property Limited. The director controls this company. The loan is included in other debtors.

At the year end the company owes £25,000 (2023 - £Nil) to Crouch End Investments Limited and £15,000 (2023 - £Nil) to Your Apartment North London Limited. The director controls this company. The loan is included in other creditors.