2023-01-012023-12-312023-12-31false12680542TRUTHCORP HOLDINGS LTD2024-09-1756290iso4217:GBPxbrli:pure126805422023-01-01126805422023-12-31126805422023-01-012023-12-31126805422022-01-01126805422022-12-31126805422022-01-012022-12-3112680542bus:SmallEntities2023-01-012023-12-3112680542bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112680542bus:FullAccounts2023-01-012023-12-3112680542bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112680542core:WithinOneYear2023-12-3112680542core:AfterOneYear2023-12-3112680542core:WithinOneYear2022-12-3112680542core:AfterOneYear2022-12-3112680542core:ShareCapital2023-12-3112680542core:SharePremium2023-12-3112680542core:RevaluationReserve2023-12-3112680542core:OtherReservesSubtotal2023-12-3112680542core:RetainedEarningsAccumulatedLosses2023-12-3112680542core:ShareCapital2022-12-3112680542core:SharePremium2022-12-3112680542core:RevaluationReserve2022-12-3112680542core:OtherReservesSubtotal2022-12-3112680542core:RetainedEarningsAccumulatedLosses2022-12-3112680542core:LandBuildings2023-12-3112680542core:PlantMachinery2023-12-3112680542core:Vehicles2023-12-3112680542core:FurnitureFittings2023-12-3112680542core:OfficeEquipment2023-12-3112680542core:NetGoodwill2023-12-3112680542core:IntangibleAssetsOtherThanGoodwill2023-12-3112680542core:ListedExchangeTraded2023-12-3112680542core:UnlistedNon-exchangeTraded2023-12-3112680542core:LandBuildings2022-12-3112680542core:PlantMachinery2022-12-3112680542core:Vehicles2022-12-3112680542core:FurnitureFittings2022-12-3112680542core:OfficeEquipment2022-12-3112680542core:NetGoodwill2022-12-3112680542core:IntangibleAssetsOtherThanGoodwill2022-12-3112680542core:ListedExchangeTraded2022-12-3112680542core:UnlistedNon-exchangeTraded2022-12-3112680542core:LandBuildings2023-01-012023-12-3112680542core:PlantMachinery2023-01-012023-12-3112680542core:Vehicles2023-01-012023-12-3112680542core:FurnitureFittings2023-01-012023-12-3112680542core:OfficeEquipment2023-01-012023-12-3112680542core:NetGoodwill2023-01-012023-12-3112680542core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112680542core:ListedExchangeTraded2023-01-012023-12-3112680542core:UnlistedNon-exchangeTraded2023-01-012023-12-3112680542core:MoreThanFiveYears2023-01-012023-12-3112680542core:Non-currentFinancialInstruments2023-12-3112680542core:Non-currentFinancialInstruments2022-12-3112680542dpl:CostSales2023-01-012023-12-3112680542dpl:DistributionCosts2023-01-012023-12-3112680542core:LandBuildings2023-01-012023-12-3112680542core:PlantMachinery2023-01-012023-12-3112680542core:Vehicles2023-01-012023-12-3112680542core:FurnitureFittings2023-01-012023-12-3112680542core:OfficeEquipment2023-01-012023-12-3112680542dpl:AdministrativeExpenses2023-01-012023-12-3112680542core:NetGoodwill2023-01-012023-12-3112680542core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112680542dpl:GroupUndertakings2023-01-012023-12-3112680542dpl:ParticipatingInterests2023-01-012023-12-3112680542dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112680542core:ListedExchangeTraded2023-01-012023-12-3112680542dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112680542core:UnlistedNon-exchangeTraded2023-01-012023-12-3112680542dpl:CostSales2022-01-012022-12-3112680542dpl:DistributionCosts2022-01-012022-12-3112680542core:LandBuildings2022-01-012022-12-3112680542core:PlantMachinery2022-01-012022-12-3112680542core:Vehicles2022-01-012022-12-3112680542core:FurnitureFittings2022-01-012022-12-3112680542core:OfficeEquipment2022-01-012022-12-3112680542dpl:AdministrativeExpenses2022-01-012022-12-3112680542core:NetGoodwill2022-01-012022-12-3112680542core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112680542dpl:GroupUndertakings2022-01-012022-12-3112680542dpl:ParticipatingInterests2022-01-012022-12-3112680542dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112680542core:ListedExchangeTraded2022-01-012022-12-3112680542dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112680542core:UnlistedNon-exchangeTraded2022-01-012022-12-3112680542core:NetGoodwill2023-12-3112680542core:IntangibleAssetsOtherThanGoodwill2023-12-3112680542core:LandBuildings2023-12-3112680542core:PlantMachinery2023-12-3112680542core:Vehicles2023-12-3112680542core:FurnitureFittings2023-12-3112680542core:OfficeEquipment2023-12-3112680542core:AfterOneYear2023-12-3112680542core:WithinOneYear2023-12-3112680542core:ListedExchangeTraded2023-12-3112680542core:UnlistedNon-exchangeTraded2023-12-3112680542core:ShareCapital2023-12-3112680542core:SharePremium2023-12-3112680542core:RevaluationReserve2023-12-3112680542core:OtherReservesSubtotal2023-12-3112680542core:RetainedEarningsAccumulatedLosses2023-12-3112680542core:NetGoodwill2022-12-3112680542core:IntangibleAssetsOtherThanGoodwill2022-12-3112680542core:LandBuildings2022-12-3112680542core:PlantMachinery2022-12-3112680542core:Vehicles2022-12-3112680542core:FurnitureFittings2022-12-3112680542core:OfficeEquipment2022-12-3112680542core:AfterOneYear2022-12-3112680542core:WithinOneYear2022-12-3112680542core:ListedExc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TRUTHCORP HOLDINGS LTD

Registered Number
12680542
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TRUTHCORP HOLDINGS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Trent Gordon Scanlen

Registered Address

Truthcorp Holdings Ltd, 71-75 Shelton Street
London
WC2H 9JQ

Registered Number

12680542 (England and Wales)
TRUTHCORP HOLDINGS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3396,072394,547
396,072394,547
Current assets
Debtors973,547833,357
Cash at bank and on hand11156
973,558833,513
Creditors amounts falling due within one year4(123,267)(167,447)
Net current assets (liabilities)850,291666,066
Total assets less current liabilities1,246,3631,060,613
Creditors amounts falling due after one year5(110,483)(63,321)
Net assets1,135,880997,292
Capital and reserves
Called up share capital16,20415,709
Share premium1,633,3861,408,439
Profit and loss account(513,710)(426,856)
Shareholders' funds1,135,880997,292
The financial statements were approved and authorised for issue by the Director on 17 September 2024, and are signed on its behalf by:
Trent Gordon Scanlen
Director
Registered Company No. 12680542
TRUTHCORP HOLDINGS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23394,705394,705
Revaluations1,7561,756
At 31 December 23396,461396,461
Amortisation and impairment
At 01 January 23158158
Charge for year231231
At 31 December 23389389
Net book value
At 31 December 23396,072396,072
At 31 December 22394,547394,547
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables22,72027,252
Amounts owed to related parties-82,745
Taxation and social security19,3554,783
Other creditors81,19252,667
Total123,267167,447
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2023

2022

££
Amounts owed to related parties95,62148,459
Other creditors14,86214,862
Total110,48363,321