REGISTERED NUMBER: 05194321 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Top Drawer Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Grant

S Weeks

REGISTERED OFFICE:

c/o OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Billingham

Co. Durham

TS23 4EA

REGISTERED NUMBER:

05194321 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Tangible assets

3

152,615

148,411

CURRENT ASSETS

Debtors

4

2,156,364

1,673,803

Cash at bank and in hand

56,314

135,654

2,212,678

1,809,457

CREDITORS

Amounts falling due within one year

5

(1,647,019

)

(1,361,971

)

NET CURRENT ASSETS

565,659

447,486

TOTAL ASSETS LESS CURRENT LIABILITIES

718,274

595,897

CREDITORS

Amounts falling due after more than one year

6

(1,667

)

(21,901

)

NET ASSETS

716,607

573,996

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

716,507

573,896

716,607

573,996

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 8th June 2026 and were signed on its behalf by:

S Weeks - Director

1.	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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

101,257

185,987

202,649

5,222

495,115

Additions

-

55,085

-

-

55,085

At 31st March 2025

101,257

241,072

202,649

5,222

550,200

DEPRECIATION

At 1st April 2024

91,980

95,953

156,033

2,738

346,704

Charge for year

2,326

36,280

11,654

621

50,881

At 31st March 2025

94,306

132,233

167,687

3,359

397,585

NET BOOK VALUE

At 31st March 2025

6,951

108,839

34,962

1,863

152,615

At 31st March 2024

9,277

90,034

46,616

2,484

148,411

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

71,798

52,954

Other debtors

2,074,566

1,610,849

Directors' current accounts

10,000

10,000

2,156,364

1,673,803

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

15,057

74,785

Tax

103,748

74,482

Social security and other taxes

-

39,017

VAT

368,809

215,006

Other creditors

1,143,405

944,614

Bounce Back Loan

10,000

4,817

Accrued expenses

6,000

9,250

1,647,019

1,361,971

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

4,036

Other creditors

1,667

17,865

1,667

21,901

7.	RELATED PARTY DISCLOSURES

At the year end, Top Drawer Properties Ltd was owed £1,976,190 (2024: £1,512,802) by Phillips Family Partnership LLP, an entity over which the director has control. This balance is included within debtors (note 6). A loan agreement is in place and the amounts are repayable on demand.

At the year end, Top Drawer Properties Ltd owed £820,743 (2024: £630,671 to Acorn Care Providers Ltd, an entity over which the director has control. This balance is included within other creditors (note 7).

At the year end, Top Drawer Properties Ltd owed £300,357 (2024: £291,468) to Cherry Orchards Care Ltd, an entity over which the director has control. This balance is included within other creditors (note 7).