Registration number: 01179603

Top Hat Investments Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Top Hat Investments Limited

(Registration number: 01179603)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,900	2,533
Investment property	5	610,206	610,206
		612,106	612,739
Current assets
Debtors	6	13,132	12,313
Cash at bank and in hand		120,126	103,730
		133,258	116,043
Creditors: Amounts falling due within one year	7	(93,586)	(78,575)
Net current assets		39,672	37,468
Total assets less current liabilities		651,778	650,207
Provisions for liabilities		(95,578)	(95,736)
Net assets		556,200	554,471
Capital and reserves
Called up share capital	8	1,000	1,000
Revaluation reserve		496,578	496,578
Retained earnings		58,622	56,893
Shareholders' funds		556,200	554,471

Top Hat Investments Limited

(Registration number: 01179603)
Balance Sheet as at 31 August 2025 (continued)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 October 2025
 

......................................... B M White Company secretary and director

Top Hat Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Church View
Llangattock
Crickhowell
Powys
NP8 1PQ

These financial statements were authorised for issue by the director on 10 October 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the total amount receivable by the company in the ordinary course of business as rent receivable and income from investments.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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

Top Hat Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Top Hat Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Classification
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 entity after deducting all of its financial liabilities.
 Recognition and measurement
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Top Hat Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4	Tangible assets

	Fixtures, fittings and equipment £	Total £
Cost or valuation
At 1 September 2024	15,714	15,714
At 31 August 2025	15,714	15,714
Depreciation
At 1 September 2024	13,181	13,181
Charge for the year	633	633
At 31 August 2025	13,814	13,814
Carrying amount
At 31 August 2025	1,900	1,900
At 31 August 2024	2,533	2,533

5	Investment properties

	2025 £
At 1 September	610,206
At 31 August	610,206

A valuation of the investment properties was undertaken at the year end and represents the director's estimate based on his detailed knowledge of the property market in the region. In the director's opinion the valuations reflect the current open market value of the properties as at the year end date.

Top Hat Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

6

Debtors

Current	2025 £	2024 £
Trade debtors	945	-
Prepayments	7,380	7,506
Other debtors	4,807	4,807
	13,132	12,313

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	7,554	6,655
Accruals and deferred income	6,900	6,900
Other creditors	79,132	65,020
	93,586	78,575

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

9	Related party transactions

Other transactions with the director

At the balance sheet date the company owed the director, Mr B White, a balance of £79,132 (2024 - £65,020)