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Company registration number: 03845031







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


TOPMODE INVESTMENTS LIMITED






































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TOPMODE INVESTMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
Sanjiv Kumar Patel 
Falguni Sanjiv Patel 
Vedaant Sanjiv Patel 




Company secretary
Sanjiv Kumar Patel



Registered number
03845031



Registered office
41 The Broadway
Joel Street

Northwood

Middlesex

HA6 1NZ




Trading Address
41 The Broadway
Joel Street

Northwood

Middlesex

HA6 1NZ






Accountants
Menzies LLP
Chartered Accountants

95 Gresham Street

London

EC2V 7AB





 


TOPMODE INVESTMENTS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


TOPMODE INVESTMENTS LIMITED
REGISTERED NUMBER:03845031



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
5,273,024
5,368,053

  
5,273,024
5,368,053

Current assets
  

Debtors: amounts falling due within one year
 5 
99,923
75,263

Current asset investments
 6 
163,161
155,106

Cash at bank and in hand
  
60,551
437

  
323,635
230,806

Creditors: amounts falling due within one year
 7 
(2,850,483)
(2,775,510)

Net current liabilities
  
 
 
(2,526,848)
 
 
(2,544,704)

Total assets less current liabilities
  
2,746,176
2,823,349

Creditors: amounts falling due after more than one year
 8 
(1,951,214)
(2,043,500)

Provisions for liabilities
  

Deferred tax
  
(17,000)
(22,800)

  
 
 
(17,000)
 
 
(22,800)

Net assets
  
777,962
757,049


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
777,862
756,949

  
777,962
757,049


Page 1

 


TOPMODE INVESTMENTS LIMITED
REGISTERED NUMBER:03845031


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Vedaant Sanjiv Patel
Director

Date: 14 May 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


TOPMODE INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Topmode Investments Limited is a private company, limited by shares, registered in England and Wales, company registration number 03845031. The registered office and principal place of business is 41 The Broadway, Joel Street, Northwood, Middlesex, HA6 1NZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated through rental income and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


TOPMODE INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.8

Investment property

Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 


TOPMODE INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was 3 (2023: 3).



4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
5,368,053


Disposals
(95,029)



At 30 September 2024
5,273,024

The 2024 valuations were made by the Directors, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Other debtors
88,899
64,807

Prepayments and accrued income
11,024
10,456

99,923
75,263



6.


Current asset investments

2024
2023
£
£

Unlisted investments
163,161
155,106

163,161
155,106


Page 5

 


TOPMODE INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
13,757
19,827

Other creditors
2,796,246
2,713,747

Accruals and deferred income
40,480
41,936

2,850,483
2,775,510



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,951,214
2,043,500

1,951,214
2,043,500


The bank loans are secured by way of fixed charges over  the company's properties.


9.


Related party transactions

As at year end, the company owed the directors £2,770,826 (2023: £2,688,378).
As at year end, the company was owed £63,480 (2023: £39,439) by Questside Management Limited, a related party. 

 
Page 6