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Registration number: 12485431

Toperium Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

image-name
 

Toperium Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Toperium Limited

Company Information

Directors

Mr Anthony Martin Crotty

Mr Glenn Christopher Morgan

Mr Alastair Waite

Registered office

20 Little Britain
St. Paul's
London
EC1A 7DH

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants81 Borough Road
Middlesbrough
TS1 3AA

 

Toperium Limited

(Registration number: 12485431)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

630,754

437,459

Tangible assets

5

2,667

3,138

Investments

6

1

1

 

633,422

440,598

Current assets

 

Debtors

7

64,622

35,091

Cash at bank and in hand

 

6,111

435

 

70,733

35,526

Creditors: Amounts falling due within one year

8

(221,390)

(120,719)

Net current liabilities

 

(150,657)

(85,193)

Total assets less current liabilities

 

482,765

355,405

Creditors: Amounts falling due after more than one year

8

(25,798)

(15,509)

Net assets

 

456,967

339,896

Capital and reserves

 

Called up share capital

539

529

Share premium reserve

899,900

674,910

Retained earnings

(443,472)

(335,543)

Shareholders' funds

 

456,967

339,896

 

Toperium Limited

(Registration number: 12485431)
Balance Sheet as at 28 February 2025 (continued)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 26 August 2025 and signed on its behalf by:
 

.........................................
Mr Glenn Christopher Morgan
Director

 

Toperium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

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

The address of its registered office is:
20 Little Britain
St. Paul's
London
EC1A 7DH
UK

These financial statements were authorised for issue by the Board on 26 August 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Toperium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

15% Reducing Balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software Development

Nil

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Toperium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Toperium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

 

Toperium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 March 2024

437,459

437,459

Additions acquired separately

193,295

193,295

At 28 February 2025

630,754

630,754

Amortisation

Carrying amount

At 28 February 2025

630,754

630,754

At 29 February 2024

437,459

437,459

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2024

4,770

4,770

At 28 February 2025

4,770

4,770

Depreciation

At 1 March 2024

1,632

1,632

Charge for the year

471

471

At 28 February 2025

2,103

2,103

Carrying amount

At 28 February 2025

2,667

2,667

At 29 February 2024

3,138

3,138

 

Toperium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

6

Investments

2025
£

2024
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 March 2024

1

Provision

Carrying amount

At 28 February 2025

1

At 29 February 2024

1

7

Debtors

Current

2025
£

2024
£

Other debtors

64,622

35,091

 

64,622

35,091

 

Toperium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10,332

10,648

Trade creditors

 

207,955

107,098

Accruals and deferred income

 

3,100

2,970

Other creditors

 

3

3

 

221,390

120,719

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

25,798

15,509

9

Related party transactions

Included in consultancy fees is monies paid to the directors or related companies during the year totalling £80,750 (2024: £118,389).