Tiptop Properties MK Ltd

Tiptop Properties MK Ltd
Contents Page
For the year ended 31 August 2026

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

Tiptop Properties MK Ltd Accountants' Report For the year ended 31 August 2026
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Tiptop Properties MK Ltd for the year ended 31 August 2026 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tiptop Properties MK Ltd for the year ended 31 August 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Tiptop Properties MK Ltd , as a body, in accordance with the terms of our engagement letter dated 08 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Tiptop Properties MK Ltd and state those matters that we have agreed to state to the Board of Directors of Tiptop Properties MK Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tiptop Properties MK Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Tiptop Properties MK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tiptop Properties MK Ltd . You consider that Tiptop Properties MK Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Tiptop Properties MK Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 August 2026 .................................................... aa Chartered Accountants 6 Blenheim Court Peppercorn Close Peterborough PE1 2DU 08 October 2026 1

Tiptop Properties MK Ltd
Accountants' Report
For the year ended 31 August 2026

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Tiptop Properties MK Ltd for the year ended 31 August 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tiptop Properties MK Ltd for the year ended 31 August 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Tiptop Properties MK Ltd , as a body, in accordance with the terms of our engagement letter dated 08 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Tiptop Properties MK Ltd and state those matters that we have agreed to state to the Board of Directors of Tiptop Properties MK Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tiptop Properties MK Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tiptop Properties MK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tiptop Properties MK Ltd . You consider that Tiptop Properties MK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Tiptop Properties MK Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended
31 August 2026

....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
PE1 2DU
08 October 2026

1

Tiptop Properties MK Ltd
Statement of Financial Position
As at 31 August 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	567,000	519,717
		567,000	519,717
Current assets
Debtors		130	0
Cash at bank and in hand		1,597	4,214
		1,727	4,214
Creditors: amount falling due within one year		(134,898)	(150,158)
Net current assets		(133,171)	(145,944)

Total assets less current liabilities		433,829	373,773
Creditors: amount falling due after more than one year		(365,692)	(359,059)
Accruals and deferred income		(654)	0
Provisions for liabilities		(11,952)	(2,968)
Net assets		55,531	11,746

Capital and reserves
Called up share capital	4	2	2
Non-Distributable Reserve		50,954	12,655
Profit and loss account		4,575	(911)
Shareholders' funds		55,531	11,746

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 08 October 2026 and were signed on its behalf by:

-------------------------------
Gary Parker
Director

2

Tiptop Properties MK Ltd
Notes to the Abridged Financial Statements
For the year ended 31 August 2026

General Information

Tiptop Properties MK Ltd is a private company, limited by shares, registered in England and Wales, registration number 12798119, registration address 72 Blackdown, Fullers Slade, Milton Keynes, MK11 2AB.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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).

Going concern basis

The financial statements have been prepared on a going concern basis as the directors have confirmed their willingness to provide the financial support, if required, for at least 12 months from the date of approval.

Turnover

Turnover represents rental income generated from the company's investment properties and is recognised in the period to which it relates during the financial year.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Investment properties

In determining fair value at the year end, the directors have not obtained an external valuation. The valuation is based on directors assessment, supported by available market information for similar properties in the area.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

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.

2.	Average number of employees Average number of employees during the year was 2 (2025 : 2).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 September 2025	519,717	519,717
Additions	-	-
Disposals	-	-
Revaluations	47,283	47,283
At 31 August 2026	567,000	567,000
Depreciation
At 01 September 2025	-	-
Charge for year	-	-
On disposals	-	-
At 31 August 2026	-	-
Net book values
Closing balance as at 31 August 2026	567,000	567,000
Opening balance as at 01 September 2025	519,717	519,717

4.

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
2 Ordinary shares of £1.00 each	2		2
	2		2

3