Company registration number: 13955209
Annual report and unaudited financial statements
for the year ended 30 September 2024
for
Topaz UK Developments Limited
Pages for filing with the Registrar
Company registration number: 13955209
Topaz UK Developments Limited
Balance sheet
as at 30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 4 27,865,811 27,865,811
27,865,811 27,865,811
Current assets
Debtors 1,873,528 1,873,528
Cash at bank and in hand 100 100
1,873,628 1,873,628
Creditors: amounts falling due within one year
(34,825,852) (32,773,130)
Net current liabilities (32,952,224) (30,899,502)
Total assets less current liabilities (5,086,413) (3,033,691)
NET LIABILITIES (5,086,413) (3,033,691)
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,086,513) (3,033,791)
TOTAL EQUITY (5,086,413) (3,033,691)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
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.
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Company registration number: 13955209
Topaz UK Developments Limited
Balance sheet - continued
as at 30 September 2024
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
14 September 2026
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Topaz UK Developments Limited
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Topaz UK Developments Limited is a private company registered in England and Wales. Its registered number is 13955209. 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.
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
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Topaz UK Developments Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
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.
















3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
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Topaz UK Developments Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
4 Fixed asset investments
Investments other than loans
Shares in group undertakings and participating interests




£
Cost
At 1 October 2023 27,865,811
At 30 September 2024 27,865,811
Net book value
At 30 September 2024 27,865,811
At 30 September 2023 27,865,811
5 Related party transactions
During the year ended 30 September 2024, the amount owed to the subsidiary company amounted to £15,446,514 (2023 - £15,450,428). At the year end, the company owed £9,038,425 to the subsidiary company (2023 - £8,684,234). During the year ended 30 September 2024, the amount owed relating to that settlement was £3,175,000 (2023 - £3,175,000.)



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