Topcashback (Europe) Limited 15315042 false 2023-11-28 2024-12-31 2024-12-31 The principal activity of the company is that of advertising and e-commerce revenue sharing. Digita Accounts Production Advanced 6.30.9574.0 true false 15315042 2023-11-28 2024-12-31 15315042 2024-12-31 15315042 core:RetainedEarningsAccumulatedLosses 2024-12-31 15315042 core:ShareCapital 2024-12-31 15315042 core:CurrentFinancialInstruments 2024-12-31 15315042 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15315042 bus:SmallEntities 2023-11-28 2024-12-31 15315042 bus:Audited 2023-11-28 2024-12-31 15315042 bus:FilletedAccounts 2023-11-28 2024-12-31 15315042 bus:SmallCompaniesRegimeForAccounts 2023-11-28 2024-12-31 15315042 bus:RegisteredOffice 2023-11-28 2024-12-31 15315042 bus:Director1 2023-11-28 2024-12-31 15315042 bus:Director2 2023-11-28 2024-12-31 15315042 bus:PrivateLimitedCompanyLtd 2023-11-28 2024-12-31 15315042 1 2023-11-28 2024-12-31 15315042 countries:EnglandWales 2023-11-28 2024-12-31 iso4217:EUR xbrli:pure

Registration number: 15315042


Topcashback (Europe) Limited

Directors' Report and Financial Statements

for the Period from 28 November 2023 to 31 December 2024

 

Topcashback (Europe) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Topcashback (Europe) Limited

Company Information

Directors

O M Ragg

M E Tomkins

Registered office

Temeraire House
Nelson Court
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0WQ

Auditors

Howsons (Audit & Assurance) Limited
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Topcashback (Europe) Limited

(Registration number: 15315042)
Balance Sheet as at 31 December 2024

Note

2024

Current assets

 

Debtors

4

11,628

Cash at bank and in hand

 

461,902

 

473,530

Creditors: Amounts falling due within one year

5

(863,747)

Net liabilities

 

(390,217)

Capital and reserves

 

Called up share capital

100

Retained earnings

(390,317)

Shareholders' deficit

 

(390,217)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 August 2025 and signed on its behalf by:
 

.........................................
O M Ragg
Director

 

Topcashback (Europe) Limited

Notes to the Financial Statements for the Period from 28 November 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Temeraire House
Nelson Court
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0WQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is Euro (€). The accounts are rounded to the nearest whole Euro.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 22 August 2025 was James Parr, who signed for and on behalf of Howsons (Audit & Assurance) Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Topcashback (Europe) Limited

Notes to the Financial Statements for the Period from 28 November 2023 to 31 December 2024

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

2024

Trade debtors

10,736

Prepayments

792

Other debtors

100

 

11,628

 

Topcashback (Europe) Limited

Notes to the Financial Statements for the Period from 28 November 2023 to 31 December 2024

5

Creditors

2024

Due within one year

 

Trade creditors

 

34,831

Amounts owed to group undertakings and undertakings in which the company has a participating interest

6

828,590

Taxation and social security

 

321

Other creditors

 

5

 

863,747

6

Related party transactions

The company has taken advantage of the exemption allowed under FRS 102 paragraph 33.1A not to disclose details of transactions with entities that are wholly owned members of a group.

7

Parent and ultimate parent undertaking

The company's immediate parent is TopCashback Group Limited, incorporated in UK.

 The most senior parent entity producing publicly available financial statements is TopCashback Group Limited.The ultimate controlling party is O M Ragg and M E Tomkins.

8

Going Concern

The company has the financial support of its parent company, TopCashback Group Limited for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts.