| Topkaya Investments Ltd |
| Registered number: 13650658 |
| Balance Sheet |
| As at 31 March 2026 |
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|
|
| Notes |
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|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investment properties |
4 |
|
|
2,335,000 |
|
|
2,335,000 |
|
| Current assets |
| Debtors |
5 |
|
|
9,808 |
|
|
5,166 |
| Cash at bank |
|
|
|
21,033 |
|
|
16,544 |
|
|
|
|
30,841 |
|
|
21,710 |
|
| Creditors: amounts falling due within one year |
6 |
|
|
(234,448) |
|
|
(226,467) |
|
| Net current liabilities |
|
|
|
(203,607) |
|
|
(204,757) |
|
| Total assets less current liabilities |
|
|
|
2,131,393 |
|
|
2,130,243 |
|
| Creditors: amounts falling due after one year |
7 |
|
|
(2,129,058) |
|
|
(2,152,175) |
|
| Net assets/(liabilities) |
|
|
|
2,335 |
|
|
(21,932) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Share capital |
9 |
|
|
100 |
|
|
100 |
| Fair value reserve |
10 |
|
|
(83,317) |
|
|
(83,317) |
| Retained earnings |
|
|
|
85,552 |
|
|
61,285 |
|
| Shareholders funds/(net deficit) |
|
|
|
2,335 |
|
|
(21,932) |
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The company has taken the option not to deliver a profit and loss account to the Registrar of Companies. |
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|
| Hakan Topkaya |
| Director |
| Approved by the board on 2 July 2026 |
|
| Topkaya Investments Ltd |
| Notes to the Accounts |
| For the year ended 31 March 2026 |
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|
| 1 |
Company information |
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The company is a private company limited by shares, incorporated in England and registered at 24 Junction Road, London, N19 5RE. |
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| 2 |
Accounting policies |
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2.1 Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard). |
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2.2 Going concern |
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The accounts have been prepared on the going concern basis even though at the balance sheet date the company's current liabilities exceeded its current assets. The company reviewed its forecasts for the 2 years to 31 March 2028. Based on that review and the availability of financial resources, including the directors' loan referred to in Note 7, it is the directors intention that the company will continue to meet its liabilities as they fall due for at least 12 months from the date of their approval of these accounts. Therefore the going concern basis remains appropriate for preparing the company's accounts and the directors believe that the accounts would not be materially different on any other basis. |
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2.3 Property income |
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Property income is measured at the fair value of the rents and other property income receivable, net of discounts and value added taxes. Property income is recognised over the period to which it relates. |
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2.4 Investment properties |
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Investment properties are measured at fair value at each reporting date with any changes in fair value recognised in the fair value reserve. Fair value is ascertained by an open market valuation on freehold basis, conducted annually by the directors or external professional valuers. |
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2.5 Debtors |
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Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Longer term loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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2.6 Creditors |
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Short term creditors are measured at transaction price. Longer term loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2.7 Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the accounts and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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2.8 Impairment |
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Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, in which case the impairment loss is a revaluation decrease. |
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2.9 Provisions |
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Provisions and other liabilities of uncertain timing or amount are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be reliably estimated. |
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| 3 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed |
- |
|
- |
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| 4 |
Investment properties |
|
|
|
| £ |
|
Fair value |
|
At 1 April 2025 |
2,335,000 |
|
|
At 31 March 2026 |
2,335,000 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
9,808 |
|
5,166 |
|
|
|
|
|
|
|
|
|
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| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loan |
121,661 |
|
121,661 |
|
Taxation and social security |
5,692 |
|
1,902 |
|
Other creditors |
107,095 |
|
102,904 |
|
|
|
|
|
|
234,448 |
|
226,467 |
|
|
|
|
|
|
|
|
|
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| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loan |
1,255,896 |
|
1,279,013 |
|
Directors' loans |
873,162 |
|
873,162 |
|
|
|
|
|
|
2,129,058 |
|
2,152,175 |
|
|
|
|
|
|
|
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The directors' loans are ineterest-free and unsecured. The directors have confirmed that they will not seek repayment for at least 12 months from the date of approval of these accounts. |
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| 8 |
Secured liabilities |
2026 |
|
2025 |
| £ |
£ |
|
Creditors due within one year and after one year together include: |
|
Bank loan, totalling |
1,377,577 |
|
1,400,674 |
|
Of which, instalments payable after more than five years, are |
769,253 |
|
792,370 |
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The bank loan is secured on the company's investment properties. |
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| 9 |
Share capital |
2026 |
|
2025 |
| £ |
£ |
|
Allotted, called up and fully paid: |
|
100 Ordinary shares of £1 each |
100 |
|
100 |
|
|
|
|
|
|
|
|
|
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| 10 |
Fair value reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
At 1 April 2025 |
(83,317) |
|
(83,317) |
|
At 31 March 2026 |
(83,317) |
|
(83,317) |
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