Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282024-03-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10011461 2024-03-01 2025-02-28 10011461 2023-03-01 2024-02-29 10011461 2025-02-28 10011461 2024-02-29 10011461 c:Director1 2024-03-01 2025-02-28 10011461 d:OfficeEquipment 2024-03-01 2025-02-28 10011461 d:OfficeEquipment 2025-02-28 10011461 d:OfficeEquipment 2024-02-29 10011461 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 10011461 d:FreeholdInvestmentProperty 2024-03-01 2025-02-28 10011461 d:FreeholdInvestmentProperty 2025-02-28 10011461 d:FreeholdInvestmentProperty 2024-02-29 10011461 d:FreeholdInvestmentProperty 2 2024-03-01 2025-02-28 10011461 d:CurrentFinancialInstruments 2025-02-28 10011461 d:CurrentFinancialInstruments 2024-02-29 10011461 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 10011461 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10011461 d:ShareCapital 2025-02-28 10011461 d:ShareCapital 2024-02-29 10011461 d:InvestmentPropertiesRevaluationReserve 2024-03-01 2025-02-28 10011461 d:InvestmentPropertiesRevaluationReserve 2025-02-28 10011461 d:InvestmentPropertiesRevaluationReserve 2024-02-29 10011461 d:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 10011461 d:RetainedEarningsAccumulatedLosses 2025-02-28 10011461 d:RetainedEarningsAccumulatedLosses 2024-02-29 10011461 c:OrdinaryShareClass1 2024-03-01 2025-02-28 10011461 c:OrdinaryShareClass1 2025-02-28 10011461 c:FRS102 2024-03-01 2025-02-28 10011461 c:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 10011461 c:FullAccounts 2024-03-01 2025-02-28 10011461 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10011461 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-01 2025-02-28 10011461 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-02-28 10011461 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-02-29 10011461 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 10011461 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 10011461 d:RetirementBenefitObligationsDeferredTax 2025-02-28 10011461 d:RetirementBenefitObligationsDeferredTax 2024-02-29 10011461 2 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10011461









TOP BRICK INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
TOP BRICK INVESTMENTS LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 9


 
TOP BRICK INVESTMENTS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TOP BRICK INVESTMENTS LIMITED
FOR THE YEAR ENDED 28 FEBRUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Top Brick Investments Limited for the year ended 28 February 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Top Brick Investments Limited in accordance with the terms of our engagement letter dated 19 February 2021Our work has been undertaken solely to prepare for your approval the financial statements of Top Brick Investments Limited  and state those matters that we have agreed to state to the director of Top Brick Investments Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Top Brick Investments Limited and its director for our work or for this report. 

It is your duty to ensure that Top Brick Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Top Brick Investments Limited. You consider that Top Brick Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Top Brick Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
 
4 August 2025
Page 1

 
TOP BRICK INVESTMENTS LIMITED
REGISTERED NUMBER: 10011461

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,032
491

Investment property
  
1,027,500
1,078,517

  
1,028,532
1,079,008

Current assets
  

Debtors: amounts falling due within one year
 6 
213,317
164,599

Cash at bank and in hand
  
102,756
27,082

  
316,073
191,681

Creditors: amounts falling due within one year
 7 
(1,041,978)
(1,101,472)

Net current liabilities
  
 
 
(725,905)
 
 
(909,791)

Total assets less current liabilities
  
302,627
169,217

Provisions for liabilities
  

Deferred tax
 8 
(28,629)
(2,946)

  
 
 
(28,629)
 
 
(2,946)

Net assets
  
273,998
166,271


Capital and reserves
  

Called up share capital 
  
10
10

Investment property reserve
 10 
94,086
13,430

Profit and loss account
 10 
179,902
152,831

  
273,998
166,271


Page 2

 
TOP BRICK INVESTMENTS LIMITED
REGISTERED NUMBER: 10011461
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

The director considers 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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 profit and loss account 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 on 23 July 2025.






Mrs D D Tarrant
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
TOP BRICK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

The Company is a private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. 
The ongoing principal activity of the company is the establishment of an investment property portfolio consisting of residential properties with income generated from rents. The principal place of business is Thorpe St Andrew, Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of rent receivable during the year.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TOP BRICK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet 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; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
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 balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

Page 5

 
TOP BRICK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 6

 
TOP BRICK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2024
1,474


Additions
1,549



At 28 February 2025

3,023



Depreciation


At 1 March 2024
983


Charge for the year on owned assets
1,008



At 28 February 2025

1,991



Net book value



At 28 February 2025
1,032



At 29 February 2024
491


5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2024
1,078,517


Disposals
(175,000)


Surplus on revaluation
123,983



At 28 February 2025
1,027,500

The 2025 valuations were made by the director, on an open market value for existing use basis.




Page 7

 
TOP BRICK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Debtors

28 February
29 February
2025
2024
£
£


Other debtors
212,607
162,890

Prepayments and accrued income
710
1,709

213,317
164,599



7.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Other taxation and social security
3,917
5,716

Other creditors
1,034,496
1,093,063

Accruals and deferred income
3,565
2,693

1,041,978
1,101,472



8.


Deferred taxation






2025


£






At beginning of year
(2,946)


Charged to profit or loss
(25,683)



At end of year
(28,629)

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024
£
£


Accelerated capital allowances
(259)
(123)

Fair value movement
(28,370)
(2,823)

(28,629)
(2,946)

Page 8

 
TOP BRICK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



10 Ordinary shares of £1.00 each
10
10



10.


Reserves

Investment property revaluation reserve

The investment property reserve represents the cumulative value of revaluations of listed investments to fair value, net of deferred tax. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided on these fair value adjustments at the standard rate of corporation tax.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


11.


Related party transactions

As at 28 February 2025 the company owed the director £1,031,453 (2024: £1,086,553). 

 
Page 9