Registration number: 01660929

Top Hat Albany Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Top Hat Albany Limited

(Registration number: 01660929)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4	4
Current assets
Stocks	5	725	725
Debtors	6	8,304	6,854
Cash at bank and in hand		10,061	9,538
		19,090	17,117
Creditors: Amounts falling due within one year	7	(3,117)	(3,738)
Net current assets		15,973	13,379
Net assets		15,977	13,383
Capital and reserves
Called up share capital	8	2	2
Retained earnings		15,975	13,381
Shareholders' funds		15,977	13,383

For the financial year ending 31 August 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 20 May 2026 and signed on its behalf by:
 

......................................... D J Elliott Director

Top Hat Albany Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

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

The address of its registered office is:
161 Albany Road
Roath
Cardiff
CF24 3NT
Wales

These financial statements were authorised for issue by the Board on 20 May 2026.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

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.

Top Hat Albany Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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
Motor vehicles	15% Straight Line
Plant and equipment	20% Straight Line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Financial instruments

Classification
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
 Recognition and measurement
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Top Hat Albany Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4	Tangible assets

	Plant and equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	21,658	10,784	32,442
At 31 August 2025	21,658	10,784	32,442
Depreciation
At 1 September 2024	21,655	10,783	32,438
At 31 August 2025	21,655	10,783	32,438
Carrying amount
At 31 August 2025	3	1	4
At 31 August 2024	3	1	4

5

Stocks

	2025 £	2024 £
Stocks and inventories	725	725

Top Hat Albany Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

6

Debtors

Current	2025 £	2024 £
Prepayments	8,304	6,854
	8,304	6,854

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	940	1,268
Accruals and deferred income	2,177	2,470
	3,117	3,738

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	2	2	2	2

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	10,800	10,800
Later than one year and not later than five years	38,700	43,200
Later than five years	-	6,300
	49,500	60,300

The amount of non-cancellable operating lease payments recognised as an expense during the year was £10,800 (2024 - £10,800).