REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 JULY 2021 |
|
FOR |
|
TOPWELL MANAGEMENT LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 JULY 2021 |
|
FOR |
|
TOPWELL MANAGEMENT LTD |
TOPWELL MANAGEMENT LTD (REGISTERED NUMBER: 07716811) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2021 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 4 |
|
TOPWELL MANAGEMENT LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2021 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
115 Craven Park Road |
South Tottenham |
London |
N15 6BL |
TOPWELL MANAGEMENT LTD (REGISTERED NUMBER: 07716811) |
|
STATEMENT OF FINANCIAL POSITION |
31 JULY 2021 |
|
31.7.21 | 31.7.20 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
Investment property | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 10 |
|
|
Fair value reserve | 11 |
|
|
Retained earnings | 11 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his 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. |
TOPWELL MANAGEMENT LTD (REGISTERED NUMBER: 07716811) |
|
STATEMENT OF FINANCIAL POSITION - continued |
31 JULY 2021 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved and authorised for issue by the director and authorised for issue on
|
|
|
|
|
|
|
|
TOPWELL MANAGEMENT LTD (REGISTERED NUMBER: 07716811) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2021 |
|
1. | STATUTORY INFORMATION |
|
Topwell Management Ltd is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represent net profit rent receivable excluding value added tax. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
|
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 or deferred taxation assets and liabilities are not discounted. |
|
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 statement of financial position date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
TOPWELL MANAGEMENT LTD (REGISTERED NUMBER: 07716811) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2021 |
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 August 2020 |
and 31 July 2021 |
|
DEPRECIATION |
At 1 August 2020 |
|
Charge for year |
|
At 31 July 2021 |
|
NET BOOK VALUE |
At 31 July 2021 |
|
At 31 July 2020 |
|
|
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2020 |
and 31 July 2021 |
|
NET BOOK VALUE |
At 31 July 2021 |
|
At 31 July 2020 |
|
|
Fair value at 31 July 2021 is represented by: |
£ |
Valuation in 2020 | 48,400 |
Cost | 351,600 |
400,000 |
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.21 | 31.7.20 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
Other debtor includes amounts receivable from entities which are controlled by the director and his close family members. The loan is unsecured and repayable on demand. |
TOPWELL MANAGEMENT LTD (REGISTERED NUMBER: 07716811) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2021 |
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.21 | 31.7.20 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.7.21 | 31.7.20 |
£ | £ |
Other creditors |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Other loans more 5yrs instal | 48,433 | 50,000 |
|
Bank loan includes £48,433 Bounceback Loan (BBL) which is guaranteed by the UK government. |
|
10. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.21 | 31.7.20 |
value: | £ | £ |
|
Ordinary | £1 | 1 | 1 |
|
11. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
|
At 1 August 2020 |
|
|
2,515,655 |
Profit for the year |
|
|
Dividends | ( |
) | ( |
) |
At 31 July 2021 |
|
|
2,814,777 |
|
12. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is J Endzweig. |