Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10497491 Mr Simon Kettleboro Mrs Joanne Morton Mrs Caroline Kettleboro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10497491 2023-03-31 10497491 2024-03-31 10497491 2023-04-01 2024-03-31 10497491 frs-core:CurrentFinancialInstruments 2024-03-31 10497491 frs-core:PlantMachinery 2024-03-31 10497491 frs-core:PlantMachinery 2023-04-01 2024-03-31 10497491 frs-core:PlantMachinery 2023-03-31 10497491 frs-core:ShareCapital 2024-03-31 10497491 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10497491 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10497491 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10497491 frs-bus:SmallEntities 2023-04-01 2024-03-31 10497491 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10497491 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10497491 frs-bus:Director1 2023-04-01 2024-03-31 10497491 frs-bus:Director2 2023-04-01 2024-03-31 10497491 frs-bus:Director3 2023-04-01 2024-03-31 10497491 frs-countries:EnglandWales 2023-04-01 2024-03-31 10497491 2022-03-31 10497491 2023-03-31 10497491 2022-04-01 2023-03-31 10497491 frs-core:CurrentFinancialInstruments 2023-03-31 10497491 frs-core:ShareCapital 2023-03-31 10497491 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10497491
Truesdale Assets Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10497491
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,968 -
Investment Properties 5 325,476 325,476
327,444 325,476
CURRENT ASSETS
Debtors 6 - 950
Cash at bank and in hand 23,708 15,495
23,708 16,445
Creditors: Amounts Falling Due Within One Year 7 (328,541 ) (326,775 )
NET CURRENT ASSETS (LIABILITIES) (304,833 ) (310,330 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,611 15,146
PROVISIONS FOR LIABILITIES
Deferred Taxation (375 ) -
NET ASSETS 22,236 15,146
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 22,136 15,046
SHAREHOLDERS' FUNDS 22,236 15,146
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Kettleboro
Director
11th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Truesdale Assets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10497491 . The registered office is The Beeches Branston Road, Heighington, Lincoln, LN4 1QQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 -
Additions 2,460
As at 31 March 2024 2,460
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 -
Provided during the period 492
As at 31 March 2024 492
Net Book Value
As at 31 March 2024 1,968
As at 1 April 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 325,476
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 700
Deferred tax current asset - 250
- 950
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,000 -
Other creditors 9,000 1,500
Accruals and deferred income 300 275
Directors' loan accounts 318,241 325,000
328,541 326,775
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4