REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
TOP & CO. PROPERTY LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 6 |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
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 |
Long leasehold | - |
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 |
At 31 May 2024 |
DEPRECIATION |
Charge for year |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
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 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
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 |
Other creditors |
Accruals and deferred income |
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: | £ | £ |
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. |