REGISTERED NUMBER: NI608304 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Top Hat Bingo Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

A Humphries

REGISTERED OFFICE:

C/O Lynn, Drake & Co Limited

1st Floor

34 B-D Main Street

Moira

Co. Armagh

BT67 0LE

REGISTERED NUMBER:

NI608304 (Northern Ireland)

ACCOUNTANTS:

Lynn Drake & Co Ltd

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Co. Armagh

BT67 0LE

FIXED ASSETS

Tangible assets

5

555,518

402,542

CURRENT ASSETS

Stocks

25,750

26,250

Debtors

6

149,214

120,348

Cash at bank and in hand

819,927

586,769

994,891

733,367

CREDITORS

Amounts falling due within one year

7

1,271,770

794,882

NET CURRENT LIABILITIES

(276,879

)

(61,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

278,639

341,027

CREDITORS

Amounts falling due after more than one year

8

(8,942

)

(18,278

)

PROVISIONS FOR LIABILITIES

10

(129,470

)

(89,439

)

NET ASSETS

140,227

233,310

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

140,127

233,210

SHAREHOLDERS' FUNDS

140,227

233,310

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:

A Humphries - Director

1.	STATUTORY INFORMATION

Top Hat Bingo Limited is a private company, limited by shares , registered in Northern Ireland. 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

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.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 98 (2023 - 96 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2023

1,109,940

223,235

42,380

1,375,555

Additions

251,692

6,660

-

258,352

At 31 August 2024

1,361,632

229,895

42,380

1,633,907

DEPRECIATION

At 1 September 2023

782,859

173,811

16,343

973,013

Charge for year

89,646

10,522

5,208

105,376

At 31 August 2024

872,505

184,333

21,551

1,078,389

NET BOOK VALUE

At 31 August 2024

489,127

45,562

20,829

555,518

At 31 August 2023

327,081

49,424

26,037

402,542

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Prepayments

149,214

120,348

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

10,000

10,648

Trade creditors

340,926

307,343

Amounts owed to group undertakings

672,446

248,823

Tax

95,569

78,151

Social security and other taxes

15,906

15,753

Bingo Duty

7,345

7,074

Machine Gaming Duty

33,886

21,192

Pension creditor

4,180

7,426

Other creditors

40

-

Directors' current accounts

72,142

79,084

Accrued expenses

19,330

19,388

1,271,770

794,882

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans - 1-2 years

8,942

10,648

Bank loans - 2-5 years

-

7,630

8,942

18,278

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.24

31.8.23

£

£

Bank loans

18,942

28,926

10.	PROVISIONS FOR LIABILITIES

31.8.24

31.8.23

£

£

Deferred tax

Accelerated capital allowances

129,470

89,439

Deferred

tax

£

Balance at 1 September 2023

89,439

Charge to Statement of Income and Retained Earnings during year

40,031

Balance at 31 August 2024

129,470

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.24

31.8.23

value:

£

£

100

Ordinary

£1

100

100