THAT_TOPCO_LIMITED - Accounts

THAT TOPCO LIMITED - Company Information

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Company Registration No. 03688176 (England and Wales)

THAT TOPCO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

THAT TOPCO LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

THAT TOPCO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

35,752

Investments

2,806,921

2,842,673

Current assets

Stocks

2,173,738

Debtors

3,626,672

Cash at bank and in hand

71,932

65,125

3,698,604

2,238,865

Creditors: amounts falling due within one year

(3,768,095)

(33,384)

Net current (liabilities)/assets

(69,491)

2,205,481

Total assets less current liabilities

2,773,182

2,205,481

Creditors: amounts falling due after more than one year

(3,000,000)

(226,818)

(794,519)

Capital and reserves

Called up share capital

Profit and loss account

(226,820)

(794,521)

Shareholders' funds

(226,818)

(794,519)

THAT TOPCO LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2014

- 2 -

For the financial year ended 31 December 2014 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 financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 September 2015

R S Kelvin CBE

Director

Company Registration No. 03688176

THAT TOPCO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention with the exception of investments which are stated at market value and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for the sale of shares, other financial transactions and dividends receivable on stock.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% straight line

Fixtures, fittings & equipment

33% straight line

1.5

Investments

Fixed asset investments are stated at market value.

1.6

Stock

Work in progress is valued at the lower of cost and net realisable value. The net realisable value of the investments held is the year end quoted market value of investments.

1.7

Deferred taxation

The accounting policy in respect of deferred tax has been changed to reflect the requirements of FRS19 - Deferred tax. Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.8

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.9

Going concern

The nature of the company’s business is such that there can be considerable unpredictable variation in the timing of cash inflows. The directors however, still considers it appropriate to prepare the financial statements on the going concern basis.

THAT TOPCO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2014

Additions

41,192

2,806,921

2,848,113

At 31 December 2014

41,192

2,806,921

2,848,113

Depreciation

At 1 January 2014

Charge for the year

5,440

At 31 December 2014

5,440

Net book value

At 31 December 2014

35,752

2,806,921

2,842,673

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each

The 3,000,000 non-redeemable preference shares of £1 each are shown within creditors due after more than one year.