Topvine Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03592795 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2026

FOR

TOPVINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W Morgan

C M Morgan

P K Morgan

SECRETARY:

P K Morgan

REGISTERED OFFICE:

Medway

Hillside Road

Leighton Buzzard

Bedfordshire

LU7 3BU

REGISTERED NUMBER:

03592795 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Tangible assets

5

860

1,276

Investment properties

6

2,665,000

2,665,860

2,666,276

CURRENT ASSETS

Debtors

7

16,160

15,900

Cash at bank

15,095

296,899

31,255

312,799

CREDITORS

Amounts falling due within one year

8

19,312

9,800

NET CURRENT ASSETS

11,943

302,999

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,677,803

2,969,275

PROVISIONS FOR LIABILITIES

9

249,929

NET ASSETS

2,427,874

2,719,346

CAPITAL AND RESERVES

Called up share capital

10

2

Revaluation reserve

11

1,265,627

Retained earnings

11

1,162,245

1,453,717

SHAREHOLDERS' FUNDS

2,427,874

2,719,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by:

P K Morgan - Director

1.	STATUTORY INFORMATION

Topvine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

The company's turnover represents the value of rents receivable and completed trading property sales during the year, excluding value added tax. Turnover is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, net of discounts and value added tax.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

INVESTMENT PROPERTIES

In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is recognised in the income statement. Although standard accounting practice does not require the use of a revaluation reserve, the directors believe that the use of such a reserve is necessary for a proper understanding of the company's financial position. Accordingly the investment property revaluation for the year is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of investment properties.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE

Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 August 2025

and 31 July 2026

22,188

4,343

26,531

DEPRECIATION

At 1 August 2025

21,916

3,339

25,255

Charge for year

136

280

416

At 31 July 2026

22,052

3,619

25,671

NET BOOK VALUE

At 31 July 2026

136

724

860

At 31 July 2025

272

1,004

1,276

6.	INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 1 August 2025

and 31 July 2026

2,665,000

NET BOOK VALUE

At 31 July 2026

2,665,000

At 31 July 2025

2,665,000

The balance sheet figure comprises cost of £1,149,444 (2025 - £1,149,444) and accumulated surpluses on revaluation of £1,515,556 (2025 - £1,515,556).

In the Director's opinion, the carrying value of the company's investment properties as at 31 July 2026 is not significantly different from the open market fair values of those properties as at the date of signing these financial statements.

If the properties were sold for this figure, a corporation tax liability of £249,929 (2025 - £249,929) would arise.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other debtors

11,687

Prepayments and accrued income

4,473

4,213

16,160

15,900

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Tax

10,193

-

Other creditors

7,115

Directors' current accounts

3

683

Accruals and deferred income

2,001

2,002

19,312

9,800

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

On property revaluations

249,929

Deferred tax

£

Balance at 1 August 2025

249,929

Balance at 31 July 2026

249,929

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

2

Ordinary

£1

2

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 August 2025

1,453,717

1,265,627

2,719,344

Profit for the year

30,528

Dividends

(322,000

)

(322,000

)

At 31 July 2026

1,162,245

1,265,627

2,427,872

Although the company is not legally required to maintain a revaluation reserve, in the opinion of the directors, it is in the company's best interest to do so.