Paul Tutin Top Co Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07752031

Paul Tutin Top Co Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Paul Tutin Top Co Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	690,275	791,211
Tangible assets	6	6,334	31,667
Investments	7	5,028,531	–
		------------	---------
		5,725,140	822,878

Current assets

Debtors	8	362,336	1,381,194
Cash at bank and in hand		7,157	4,786
		---------	------------
		369,493	1,385,980

Creditors: amounts falling due within one year	9	674,802		1,914,542
		---------		------------
Net current liabilities			305,309	528,562
			------------	---------
Total assets less current liabilities			5,419,831	294,316

Provisions

Taxation including deferred tax	1,583	7,917
	------------	---------
Net assets	5,418,248	286,399
	------------	---------

Capital and reserves

Called up share capital	5,003,507	1
Profit and loss account	414,741	286,398
	------------	---------
Shareholder funds	5,418,248	286,399
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Paul Tutin Top Co Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 29 December 2025 , and are signed on behalf of the board by:

P F Tutin
Director

Company registration number: 07752031

Paul Tutin Top Co Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents the apportionment of partnership profits during the period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference .

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Straight line over 20 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	Straight line over 3 years

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 1 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	2,018,728
	------------
Amortisation
At 1 April 2024	1,227,517
Charge for the year	100,936
	------------
At 31 March 2025	1,328,453
	------------
Carrying amount
At 31 March 2025	690,275
	------------
At 31 March 2024	791,211
	------------

6. Tangible assets

	Motor vehicles	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	76,000	76,000
	--------	--------
Depreciation
At 1 April 2024	44,333	44,333
Charge for the year	25,333	25,333
	--------	--------
At 31 March 2025	69,666	69,666
	--------	--------
Carrying amount
At 31 March 2025	6,334	6,334
	--------	--------
At 31 March 2024	31,667	31,667
	--------	--------

7. Investments

	Shares in participating interests
	£
Cost
At 1 April 2024	–
Additions	5,028,531
	------------
At 31 March 2025	5,028,531
	------------
Impairment
At 1 April 2024 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	5,028,531
	------------
At 31 March 2024	–
	------------

During the year the company issued 4,201,205 Ordinary £1 shares which were allotted to the director, Paul F Tutin, in exchange for his ownership of 2,286,540 Ordinary shares of £0.0001 in SMS Corporate Partner Limited.

During the year the company issued 802,301 Ordinary £1 shares which were allotted to the director, Paul F Tutin, in exchange for his ownership of 2,129 Ordinary £1 shares in Lincoln Finance Shop Limited.

8. Debtors

	2025	2024
	£	£
Other debtors	362,336	1,381,194
	---------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	502,361	–
Social security and other taxes	10,414	818,814
Other creditors	162,027	1,095,728
	---------	------------
	674,802	1,914,542
	---------	------------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	1,583	7,917
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	1,583	7,917
	-------	-------

11. Related party transactions

The company was under the control of P F Tutin throughout the current and previous reporting periods. P F Tutin is the sole director and shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 section 1a, aside from those already disclosed in these financial statements.