Topaz Property Development Limited 31/03/2025 iXBRL

Company registration number: 04170610

Topaz Property Development Limited

Unaudited abridged financial statements

31 March 2025

Topaz Property Development Limited

Contents

Directors and other information

Directors report

Abridged statement of comprehensive income

Abridged statement of financial position

Notes to the financial statements

Topaz Property Development Limited

Directors and other information


Directors	Mrs Georgiana Crocker White
	Mr Laurence Crocker White	(Resigned 8 July 2024)


Company number	04170610


Registered office	Apartment 6603 Landmark Pinnacle
	10 Marsh Wall
	London
	E14 9PR


Business address	Apartment 6603 Landmark Pinnacle
	10 Marsh Wall
	London
	E14 9PR

Topaz Property Development Limited

Directors report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:


Mrs Georgiana Crocker White
Mr Laurence Crocker White				(Resigned 8 July 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 December 2025 and signed on behalf of the board by:

Mrs Georgiana Crocker White

Director

Topaz Property Development Limited

Abridged statement of comprehensive income

Year ended 31 March 2025

		2025	2024
	Note	£	£

Administrative expenses		( 12,493)	( 13,483)
		_______	_______
Operating loss		( 12,493)	( 13,483)

Other interest receivable and similar income		212	1,636
		_______	_______
Loss before taxation	4	( 12,281)	( 11,847)

Tax on loss		-	-
		_______	_______
Loss for the financial year and total comprehensive income		( 12,281)	( 11,847)
		_______	_______

All the activities of the company are from continuing operations.

Topaz Property Development Limited

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	121,517		226
		_______		_______
			121,517		226

Current assets
Stocks		43,214		39,120
Debtors		313,077		350,648
Cash at bank and in hand		44,156		20,936
		_______		_______
		400,447		410,704
Creditors: amounts falling due
within one year		( 370)		( 377)
		_______		_______
Net current assets			400,077		410,327
			_______		_______
Total assets less current liabilities			521,594		410,553

			_______		_______
Net assets			521,594		410,553
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			521,494		410,453
			_______		_______
Shareholders funds			521,594		410,553
			_______		_______

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.

Directors responsibilities:

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

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

These financial statements have been prepared 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'.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mrs Georgiana Crocker White

Director

Company registration number: 04170610

Topaz Property Development 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. The address of the registered office is Apartment 6603 Landmark Pinnacle, 10 Marsh Wall, London, E14 9PR.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Tangible assets

tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:

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

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Loss before taxation

Loss before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	2,031	75
	_______	_______

5. Tangible assets


		£
	Cost
	At 1 April 2024 and 31 March 2025	173,671
		_______
	Depreciation
	At 1 April 2024	50,123
	Charge for the year	2,031
		_______
	At 31 March 2025	52,154
		_______
	Carrying amount
	At 31 March 2025	121,517
		_______
	At 31 March 2024	123,548
		_______

6. Prior period errors

During the year, Directors identified that Land and Buildings owned by the company had not been recognised inn the balance sheet in prior periods due to an accounting oversight of previous accountant. The land has been recognised atcost of £70,000 and building at a cost of £98,724 less accumalated depreciation of £27,636. The adjustment has been recognised directly in the opening reserves in accordance with FRS 105. Comparative data has not been restated. There is no impact on the profit or loss for the current year.