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REGISTERED NUMBER: 05191120 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 June 2023

for

Truda Investments Limited

Truda Investments Limited (Registered number: 05191120)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Truda Investments Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: P W Truda
Mrs M R Truda
Mrs J M Sherlock
Mrs P M Vidilini
Mrs J R Peterson





REGISTERED OFFICE: 2 Clarendon Road
Ashford
Middlesex
TW15 2QE





REGISTERED NUMBER: 05191120 (England and Wales)





ACCOUNTANTS: Chris Derby Limited
Accounting Services
2 Clarendon Road
Ashford
Middlesex
TW15 2QE

Truda Investments Limited (Registered number: 05191120)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 73,809 73,809

CURRENT ASSETS
Debtors 5 751,620 1,185,620
Cash at bank 1,256,200 771,437
2,007,820 1,957,057
CREDITORS
Amounts falling due within one year 6 495,974 492,139
NET CURRENT ASSETS 1,511,846 1,464,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,585,655

1,538,727

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,585,654 1,538,726
SHAREHOLDERS' FUNDS 1,585,655 1,538,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 21 February 2024 and were signed on its behalf by:





P W Truda - Director


Truda Investments Limited (Registered number: 05191120)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Truda Investments 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 73,809
NET BOOK VALUE
At 30 June 2023 73,809
At 30 June 2022 73,809

Truda Investments Limited (Registered number: 05191120)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 751,620 1,185,620

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed to group undertakings 439,180 439,180
Taxation and social security 11,984 8,149
Other creditors 44,810 44,810
495,974 492,139

7. RELATED PARTY DISCLOSURES

An amount of £439,180 was owed by the Company to Truda Professional Services Pty. Limited (2022 £439,180). The loan is unsecured and there are no formal terms relating to interest or the repayment date.

An amount of £751,620 (2022 £1,185,620) was owed to the Company by Korbond Industries Limited, a company under common control. The loan is unsecured and there are no formal terms relating to the repayment date.

8. ULTIMATE CONTROLLING PARTY

The company is under the immediate control of Truda Professional Services Pty Ltd (incorporated in Australia) which holds the entire issued share capital. The company is under the ultimate control of Mr and Mrs P.W.Truda who together own the issued shares of Truda Professional Services Pty Ltd.