Childrem were asked to put the toys through rigorous testing and to judge them based on factor including fun to play, boredom factor, coolness, breakability, and play with friends.
The judging resulted in the Kid's Choice Dream Dozen (in alphabetical order) as follows:
Angry Birds game - Mattel - £19.99
Bop-It XT - Hasbro - £27.99
Fab Effex Variety Pack - Spin Master - £19.99
Flufflings - Vivid - £19.99
Gelarti Designer Studio - Flair - £19.99
GX Buggy - Tomy - £39.99
Hot Wheels Wall Tracks - Mattel - £29.99
LeapPad Explorer - Leapfrog - £78.99
Milky the Bunny - Flair - £59.99
Nerf Vortex Nitron Blaster - Hasbro - £44.99
Star Wars Millenium Falcon - Lego - £129.99
Top Agents Super Racer - Playmobil - £19.99
Mums were also asked to pick their two top pre-school toys in the Mum's Choice Awards:
Imaginext Batcave - Mattel - £49.99
Kidizoom Twist - VTech - £49.99
Nifa Mclaughlin from Gurgle.com, who helped judge the Mum's Choice Awards, commented: "As mums we were looking for a combination of things from the winning toys. Firstly that our kids were excited about the toy and loved playing with it, but also that the toy lived up to expectations, was quick and easy to get started with and would hold the interest of a lively toddler for more than five minutes.
"All the toys were fantastic but we found the firls especially loved the Kidizoon Twist adn the boys couldn't get enough of the Imaginext Batcave."
Gary Grant, chairman of the TRA's Dream Toys selection panel, added: "It's so exciting to find out what kids and parent think of TRA's top 70 toys and it's hugely encouraging to see that there are similarities with the overall Dream Dozen, showing that us 'oldies' still know what we're talking about.
"During the judging process it was a real battle for the spots, with many of the toys only narrowly missing out on a place. Showing us that the top 70 is a spot on list, packed with toys of all types for all kids.
"Seeing the results, we know that the love for creative play, building sets and plush toys is just as strong as it is for the latest must-haves such as the LeapPad Explorer, and parents can rest assured that it's not the most expensive toys that are most popular, with many of the favourites under £20."