Company registration number: 14076452
Annual report and unaudited financial statements
for the period ended 30 April 2023
for
Topaz UK Properties Limited
Pages for filing with the Registrar
Company registration number: 14076452
Topaz UK Properties Limited
Balance sheet
as at 30 April 2023
£ £
Current assets
Stocks 26,088,000
Debtors 18,249,772
Cash at bank and in hand 42,877
44,380,649
Creditors: amounts falling due within one year
(44,865,778)
Net current liabilities (485,129)
NET LIABILITIES (485,129)
Capital and reserves
Called up share capital 100
Profit and loss account (485,229)
TOTAL EQUITY (485,129)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 30 April 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr H GWYN-JONES, Director
3 July 2026
1
Topaz UK Properties Limited
Notes to the financial statements
for the period ended 30 April 2023
1 Company information
Topaz UK Properties Limited is a private company registered in England and Wales. Its registered number is 14076452. The company is limited by shares. Its registered office is Apartment 1, New Wardour Castle, Tisbury, Salisbury, Wiltshire, SP3 6RH.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2
Topaz UK Properties Limited
Notes to the financial statements - continued
for the period ended 30 April 2023
2 Accounting policies - continued
Financial instruments
The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments’ and Section 12 ’Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities 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 company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Leases Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
























3 Average number of employees
During the period the average number of employees was Nil.
3
Topaz UK Properties Limited
Notes to the financial statements - continued
for the period ended 30 April 2023
4 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the period ended 30 April 2023.
£
Henry Gwyn-Jones
Amounts advanced 658,262
Balance outstanding at end of period 658,262
5 Related party transactions
At the year end there was an amount owing to the ultimate parent undertaking of £7,546,139.
6 Controlling party
The ultimate parent undertaking is Topaz UK Developments Limited.
4