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REGISTERED NUMBER: 14018421 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2022 to 31 May 2023

for

Trustbruno Limited

Trustbruno Limited (Registered number: 14018421)






Contents of the Financial Statements
for the Period 1 April 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trustbruno Limited

Company Information
for the Period 1 April 2022 to 31 May 2023







DIRECTORS: J J F Blood
N D Clitheroe
K Rodger





SECRETARY:





REGISTERED OFFICE: Salisbury House
London Wall
London
EC2M 5PS





REGISTERED NUMBER: 14018421 (England and Wales)





ACCOUNTANTS: Palak Services Limited
80 Woodrush Way
Chadwell Heath
Romford
Essex
RM6 5BL

Trustbruno Limited (Registered number: 14018421)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Intangible assets 3 9,406
Tangible assets 4 903
Investments 5 1,000
11,309

CURRENT ASSETS
Debtors 6 3,864
Cash at bank 135,052
138,916
CREDITORS
Amounts falling due within one year 7 4,156
NET CURRENT ASSETS 134,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,069

CREDITORS
Amounts falling due after more than
one year

8

478,356
NET LIABILITIES (332,287 )

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings 11 (332,387 )
SHAREHOLDERS' FUNDS (332,287 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 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.

Trustbruno Limited (Registered number: 14018421)

Balance Sheet - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by:





K Rodger - Director


Trustbruno Limited (Registered number: 14018421)

Notes to the Financial Statements
for the Period 1 April 2022 to 31 May 2023

1. STATUTORY INFORMATION

Trustbruno 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
The directors consider that the financial resources available to the Company are adequate to meet its operational needs for the foreseeable future or atleast 12 months from the date of signature of these accounts. Accordingly, the going concern basis has been adopted in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development cost are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Trustbruno Limited (Registered number: 14018421)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price.Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the period 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 period 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.

Trustbruno Limited (Registered number: 14018421)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

3. INTANGIBLE FIXED ASSETS
Website
development
cost
£   
COST
Additions 10,500
At 31 May 2023 10,500
AMORTISATION
Amortisation for period 1,094
At 31 May 2023 1,094
NET BOOK VALUE
At 31 May 2023 9,406



4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 963
At 31 May 2023 963
DEPRECIATION
Charge for period 60
At 31 May 2023 60
NET BOOK VALUE
At 31 May 2023 903

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,000
At 31 May 2023 1,000
NET BOOK VALUE
At 31 May 2023 1,000

Trustbruno Limited (Registered number: 14018421)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

TrustBruno Leasing Limited
Registered office: United Kingdom
Nature of business: Provision of services relating to car leasing
%
Class of shares: holding
Ordinary 100.00
31.5.23
£   
Aggregate capital and reserves 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 582
VAT 3,282
3,864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,483
Amounts owed to group undertakings 1,000
Accrued expenses 1,673
4,156

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Other loans (see note 9) 478,356

9. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due between two and five years:
Shareholders loans - 2-5 years 466,229
Accr shareholder loan interest 12,127
478,356

Trustbruno Limited (Registered number: 14018421)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 Ordinary 10p 100

1,000 Ordinary shares of 10p each were allotted and fully paid for cash at par during the period.

11. RESERVES
Retained
earnings
£   

Deficit for the period (332,387 )
At 31 May 2023 (332,387 )

12. RELATED PARTY DISCLOSURES

As at the balance sheet date, the following loan amounts including accrued interest, were owed by the company to its shareholders.

DTP Ltd £255,263
Viberta Ltd £113,158
Sliver Flowe Ltd £109,935