TRUE MANAGEMENT LTD

Company Registration Number:
SC553676 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

TRUE MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

TRUE MANAGEMENT LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 127,000 127,000
Total fixed assets: 127,000 127,000
Current assets
Cash at bank and in hand: 30,498 13,059
Total current assets: 30,498 13,059
Creditors: amounts falling due within one year: 4 (49,376) (38,234)
Net current assets (liabilities): (18,878) (25,175)
Total assets less current liabilities: 108,122 101,825
Creditors: amounts falling due after more than one year: 5 (57,988) (63,842)
Total net assets (liabilities): 50,134 37,983
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 50,034 37,883
Shareholders funds: 50,134 37,983

The notes form part of these financial statements

TRUE MANAGEMENT LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 October 2023
and signed on behalf of the board by:

Name: Mrs Lisa Dempsey
Status: Director

The notes form part of these financial statements

TRUE MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Thestage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staffrates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenueis recognised only to the extent of the expenses recognised that it is probable will be recovered.

TRUE MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

TRUE MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Fixed investments

Fair valueAt 1 April 2022 and 31 March 2023 127,000Investment property comprises £127,000.00. The fair value of the investment property has been arrived at onthe basis of a valuation carried out at 31.03.2019 by DMD Solicitors & Estate Agents. Chartered Surveyors,who are not connected with the company. The valuation was made on an open market value basis byreference to market evidence of transaction prices for similar properties.

TRUE MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Bank loans: £7,251 (2022: £7,251)Corporation tax: £2,850 (2022: £3,007)Other taxation and social security: £621 (2022: £954)Other creditors: £38,654 (2022: £27,022)

TRUE MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts: £57,988 (2022: £63,842)