Top Chain Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11971540 (England and Wales)

TOP CHAIN INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

M Duckmanton

Mrs H V Duckmanton

REGISTERED OFFICE:

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

REGISTERED NUMBER:

11971540 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

FIXED ASSETS

Tangible assets

4

248

488

Investments

5

41,000

-

41,248

488

CURRENT ASSETS

Debtors

6

12,500

35

Investments

7

100

-

Cash at bank

15,959

3,730

28,559

3,765

CREDITORS

Amounts falling due within one year

8

51,667

6,370

NET CURRENT LIABILITIES

(23,108

)

(2,605

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,140

(2,117

)

CREDITORS

Amounts falling due after more than one year

9

(15,625

)

-

PROVISIONS FOR LIABILITIES

(47

)

-

NET ASSETS/(LIABILITIES)

2,468

(2,117

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

2,368

(2,217

)

SHAREHOLDERS' FUNDS

2,468

(2,117

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 25 April 2022 and were signed on its behalf by:

M Duckmanton - Director

1.	STATUTORY INFORMATION

Top Chain Investments 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.	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 historical cost convention.

Going concern

Post year end the company is continuing to trade through the coronavirus pandemic and whilst there are uncertainties surrounding the impact of the lockdown, the business is operating at a viable level coupled with the financial support obtained from government schemes. The director has given an undertaking to continue to support the company financially going forward.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

and 30 April 2021

730

DEPRECIATION

At 1 May 2020

242

Charge for year

240

At 30 April 2021

482

NET BOOK VALUE

At 30 April 2021

248

At 30 April 2020

488

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

41,000

At 30 April 2021

41,000

NET BOOK VALUE

At 30 April 2021

41,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

12,500

-

Other debtors

-

35

12,500

35

7.	CURRENT ASSET INVESTMENTS

2021

2020

£

£

Shares in group undertakings

100

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

3,125

-

Corporation tax

885

587

Other creditors

24,100

-

Directors' current accounts

22,247

4,533

Accrued expenses

1,310

1,250

51,667

6,370

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

3,750

-

Bank loans - 2-5 years

11,250

-

Bank loans more 5 yr by instal

625

-

15,625

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

625

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100