ACCOUNTS - Final Accounts preparation

Registered number: 15638939

TOPAZ DETAILING (PENINSULA) LTD

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

TOPAZ DETAILING (PENINSULA) LTD

REGISTERED NUMBER: 15638939

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
Note		£

Fixed assets
Tangible assets	4		39,614
Current assets
Debtors: amounts falling due within one year	5	42,843
Cash at bank and in hand	6	1,418
		44,261
Creditors: amounts falling due within one year	7	(143,728)
Net current (liabilities)/assets			(99,467)
Total assets less current liabilities			(59,853)
Provisions for liabilities
Deferred tax			(10,585)
Net (liabilities)/assets			(70,438)

Capital and reserves
Called up share capital			300
Profit and loss account			(70,738)
			(70,438)

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 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:

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

Nabil Naamo

Director

Date: 22 December 2025

The notes on pages 2 to 8 form part of these financial statements.

Page 1

TOPAZ DETAILING (PENINSULA) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Topaz Detailaing (Peninsula) Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Unit 13, 7 Premier Park Road, London, NW10 7NZ.

The company was incorporated on 12 April 2024.

The company's principal activity is that of car cleaning services. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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 requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

In preparing the these financial statements, the directors have assessed the ability of the Company to continue to operate for a period of at least twelve months from the date of signing the financial statements. The directors have prepared forecasts for the twelve months following approval of these financial statements based on what they consider to be reasonable assumptions based on the level of trading. These forecasts demonstrate that the group will have sufficient resources to fund its operations throughout this 12 month period. The parent company Topaz Group Holding Limited has provided a letter of support stating that they will continue to support the solvency and liquidity position of the company and the Group intends to provide such financial support as may be required to ensure the company has sufficient cash resources to meet its liabilities as they fall due, for a period of not less than 12 months from the date of approval of the financial statements.

In addition, a shareholder has provided a guarantee to Topaz Group Holding Limited that it intends to provide such financial support as may be required to ensure the company has sufficient cash resources to meet its liabilities as they fall due, for a period of not less than 12 months from the date of approval of the financial statements.

Page 2

TOPAZ DETAILING (PENINSULA) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

For revenue where services are rendered, revenue is recognised once car cleaning services have been performed.

2.4

Interest income

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

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 3

TOPAZ DETAILING (PENINSULA) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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 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 balance sheet 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 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:

				Short-term leasehold property	-	10% straight line
				Computer equipment	-	25% reducing balance

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.

Page 4

TOPAZ DETAILING (PENINSULA) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

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.

Employees

The average monthly number of employees, including directors, during the year was 4.

Page 5

TOPAZ DETAILING (PENINSULA) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Short-term leasehold property	Computer equipment	Total
	£	£	£
Cost
Additions	40,882	1,739	42,621
At 31 December 2024	40,882	1,739	42,621
Depreciation
Charge for the year on owned assets	2,725	282	3,007
At 31 December 2024	2,725	282	3,007
Net book value
At 31 December 2024	38,157	1,457	39,614

5.	Debtors: Amounts falling due within one year

					2024
					£


	Trade debtors	30,230
	Amounts owed by group undertakings	300
	Prepayments and accrued income	12,313
		42,843

6.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	1,418

Page 6

TOPAZ DETAILING (PENINSULA) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024
		£

	Trade creditors	10,002
	Amounts owed to group undertakings	121,820
	Amounts owed to companies under common directorship	225
	Other taxation and social security	209
	Other creditors	7,472
	Accruals and deferred income	4,000
		143,728

8.	Deferred taxation

		2024
		£

	Charged to profit or loss	(10,585)
	At end of year	(10,585)

	The deferred taxation balance is made up as follows:
					2024
					£

	Accelerated capital allowances	(10,585)
		(10,585)

9.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £752.

Page 7

TOPAZ DETAILING (PENINSULA) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Controlling party

Topaz Group Holdings Limited is the holding company and is also considered to be the controlling party.
The address of the registered office is Unit 13, 7 Premier Park Road, London, NW10 7NZ.

Consolidated financial statements are prepared by Topaz Group Holdings Limited, which is the largest
group. The results of this company are included in the consolidated Topaz Group Holdings Limited
accounts.

11.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 22 December 2025 by Louise Cherry ACA (Senior statutory auditor) on behalf of Hillier Hopkins LLP.

Page 8