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REGISTERED NUMBER: 01691374 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

TRUEBUILT LIMITED

TRUEBUILT LIMITED (REGISTERED NUMBER: 01691374)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRUEBUILT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr J C Dupe





SECRETARY: Mr J C Dupe





REGISTERED OFFICE: 9 Somerset Lodge
1 Briar Walk
London
SW15 6UE





REGISTERED NUMBER: 01691374 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Hogarth House
136 High Holborn
London
WC1V 6PX

TRUEBUILT LIMITED (REGISTERED NUMBER: 01691374)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 250,000 250,000

CURRENT ASSETS
Debtors 5 5,350 4,173
Cash at bank and in hand 139,213 139,847
144,563 144,020
CREDITORS
Amounts falling due within one year 6 2,753 2,697
NET CURRENT ASSETS 141,810 141,323
TOTAL ASSETS LESS CURRENT LIABILITIES 391,810 391,323

PROVISIONS FOR LIABILITIES 55,683 55,683
NET ASSETS 336,127 335,640

CAPITAL AND RESERVES
Called up share capital 7 50 50
Non-distributable reserve 8 152,749 152,749
Retained earnings 8 183,328 182,841
SHAREHOLDERS' FUNDS 336,127 335,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:





Mr J C Dupe - Director


TRUEBUILT LIMITED (REGISTERED NUMBER: 01691374)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Truebuilt 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.

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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling, which is the functional currency of the company and rounded to the nearest £.

Revenue recognition
Turnover is stated net of value added tax. Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase with general inflation in which case the income is recognised as revenue in accordance with the expected payments.

Investment property
Investment properties are initially recorded at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in Statement of Comprehensive Income in the period in which it arises. Such gains and losses are transferred from retained earnings to a non-distributable reserve.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 250,000
NET BOOK VALUE
At 31 March 2023 250,000
At 31 March 2022 250,000

TRUEBUILT LIMITED (REGISTERED NUMBER: 01691374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INVESTMENT PROPERTY - continued

The director values the company's investment property portfolio annually at the balance sheet date. The director assesses the open market value of each property on the basis of local market conditions and own knowledge and experience.

The historical cost of the company's investment property was £41,569 (2022 - £41,569).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,350 4,150
Other debtors - 23
5,350 4,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 91 36
Other creditors 2,662 2,661
2,753 2,697

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50

8. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 April 2022 182,841 152,749 335,590
Profit for the year 487 487
At 31 March 2023 183,328 152,749 336,077