Topaz Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14303273

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		513,854		513,854

			513,854		513,854
CURRENT ASSETS
Debtors	5	1,500		900
Cash at bank and in hand		672		5,020

		2,172		5,920
Creditors: Amounts Falling Due Within One Year	6	(422,788 )		(457,071 )

NET CURRENT ASSETS (LIABILITIES)			(420,616 )		(451,151 )

TOTAL ASSETS LESS CURRENT LIABILITIES			93,238		62,703

NET ASSETS			93,238		62,703

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			93,138		62,603

SHAREHOLDERS' FUNDS			93,238		62,703

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Topaz Property Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A C Jones

Director

21 August 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Topaz Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14303273 . The registered office is 4 Rectory Road, Penarth, CF64 3AN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Rental income includes rent and service charges due and is recognised in the Profit and Loss account on the accruals basis, meaning that income is accounted for in the financial period to which it relates, regardless of the timing of cash receipts or payment.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.

2.6. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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Topaz Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 April 2025	513,854

As at 31 March 2026	513,854

Net Book Value
As at 31 March 2026	513,854

As at 1 April 2025	513,854

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,500	900

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other taxes and social security	7,163	6,871
Accruals and deferred income	1,080	1,080
Director's loan account	414,545	449,120

	422,788	457,071

7. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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