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REGISTERED NUMBER: 12601775 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

TOP & CO. PROPERTY LIMITED

TOP & CO. PROPERTY LIMITED (REGISTERED NUMBER: 12601775)






Contents of the Financial Statements
for the year ended 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TOP & CO. PROPERTY LIMITED

Company Information
for the year ended 31 MAY 2024







DIRECTORS: T O Penny
D S Penny





REGISTERED OFFICE: 3 Hagley Court South, Waterfront East
Level Street
Brierley Hill
United Kingdom
DY5 1XE





REGISTERED NUMBER: 12601775 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

TOP & CO. PROPERTY LIMITED (REGISTERED NUMBER: 12601775)

Statement of Financial Position
31 MAY 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Tangible assets 5 181,218 -
Investment property 6 465,559 465,559
646,777 465,559

CURRENT ASSETS
Cash in hand 1 1

CREDITORS
Amounts falling due within one year 7 (649,807 ) (465,559 )
NET CURRENT LIABILITIES (649,806 ) (465,558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,029

)

1

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (3,030 ) -
SHAREHOLDERS' FUNDS (3,029 ) 1

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 & CO. PROPERTY LIMITED (REGISTERED NUMBER: 12601775)

Statement of Financial Position - continued
31 MAY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





T O Penny - Director


TOP & CO. PROPERTY LIMITED (REGISTERED NUMBER: 12601775)

Notes to the Financial Statements
for the year ended 31 MAY 2024

1. STATUTORY INFORMATION

Top & Co. Property 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. STATEMENT OF COMPLIANCE

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.

3. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the term of the lease

Land and building held and will be used in the Company's own activities for production and supply of goods or for administration purposes are stated in the statement of financial position at their fair value being cost of acquisition.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are measured at cost, including transaction costs.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
Additions 183,048
At 31 May 2024 183,048
DEPRECIATION
Charge for year 1,830
At 31 May 2024 1,830
NET BOOK VALUE
At 31 May 2024 181,218

TOP & CO. PROPERTY LIMITED (REGISTERED NUMBER: 12601775)

Notes to the Financial Statements - continued
for the year ended 31 MAY 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 465,559
NET BOOK VALUE
At 31 May 2024 465,559
At 31 May 2023 465,559

The company has acquired the investment property during the year. The directors consider this cost to represent the fair value of the properties at the year end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Amounts owed to group undertakings 648,607 -
Other creditors - 465,559
Accruals and deferred income 1,200 -
649,807 465,559

Other creditors include balance due to group undertaking which is interest-free, unsecured, and repayable on demand.

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
1 Share capital 1 £1 1 1

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owes £465,059 (2023 - £465,059) to Penny Petroleum Partnership and £183,048 (2023 - Nil) to Penny Petroleum (Management) Limited.

All the companies mentioned above are under the control of the directors.

10. ULTIMATE CONTROLLING PARTY

The director, T O Penny, controls the company by virtue of his direct interest in the whole of the issued share capital.