Topsfield Parade Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13400503 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

TOPSFIELD PARADE PROPERTIES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S L Plant

Mrs L B Plant

REGISTERED OFFICE:

53 Welbeck Street

London

W1G 9XR

REGISTERED NUMBER:

13400503 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

3,018

3,772

Investment property

6

1,483,263

1,486,281

1,487,035

CURRENT ASSETS

Debtors

7

82,944

34,336

Cash at bank

21,067

15,071

104,011

49,407

CREDITORS

Amounts falling due within one year

8

69,518

77,037

NET CURRENT ASSETS/(LIABILITIES)

34,493

(27,630

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,520,774

1,459,405

PROVISIONS FOR LIABILITIES

84

NET ASSETS

1,520,690

1,459,321

CAPITAL AND RESERVES

Called up share capital

100

Share premium

1,451,592

Retained earnings

68,998

7,629

1,520,690

1,459,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2026 and were signed on its behalf by:

S L Plant - Director

1.	STATUTORY INFORMATION

Topsfield Parade Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

6

AMORTISATION

At 1 June 2024

and 31 May 2025

6

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

4,191

DEPRECIATION

At 1 June 2024

419

Charge for year

754

At 31 May 2025

1,173

NET BOOK VALUE

At 31 May 2025

3,018

At 31 May 2024

3,772

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

1,483,263

NET BOOK VALUE

At 31 May 2025

1,483,263

At 31 May 2024

1,483,263

In the opinion of directors, there were no material movements between costs and current market value of the property.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Amounts owed by group undertakings

22,958

-

Amounts owed by participating interests

12,703

-

Other debtors

47,283

34,336

82,944

34,336

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade creditors

-

363

Amounts owed to group undertakings

-

14,781

Taxation and social security

7,124

1,732

Other creditors

62,394

60,161

69,518

77,037

Included within other creditors are accrued expenses of £4,050 (2024; £2,250) and deferred income of £7,327 (2024: £6,894).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

S L Plant

Balance outstanding at start of year

-

Amounts advanced

12,948

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

12,948

-

Included within amount advanced is an interest of £316 (2024: £Nil) charged on overdrawn loan balance at HMRC prescribed rate. All overdrawn loan balances outstanding at balance sheet date are repayable on demand and personally guaranteed by the director.