Company registration number:
02786284
Trueworth Limited
Unaudited financial statements
30 September 2024
Trueworth Limited
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Notes to the financial statements
Trueworth Limited
Directors and other information
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Directors |
Mr Mahendra Khimji Raja |
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Mr Nilendra Pratap Raja |
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Secretary |
Nilendra Pratap Raja |
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Company number |
02786284 |
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Registered office |
Aknam |
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56 Chorley New Road |
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Bolton |
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BL1 4AP |
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Accountants |
Raja & Co. |
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Chartered Accountants |
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56 Chorley New Road |
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Bolton |
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Lancashire |
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BL1 4AP |
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Trueworth Limited
Directors report
Year ended 30 September 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2024.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
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Mr Mahendra Khimji Raja |
Mr Nilendra Pratap Raja |
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The company is a wholly owned subsidiary of Healthbook Limited, a company incorporated in England and Wales. Any shareholdings of the directors are disclosed in the accounts of the parent undertaking.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
03 February 2025
and signed on behalf of the board by:
Mr Mahendra Khimji Raja
Director
Trueworth Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Trueworth Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trueworth Limited for the year ended 30 September 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Trueworth Limited, as a body, in accordance with the terms of our engagement letter dated 2 September 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Trueworth Limited and state those matters that we have agreed to state to the board of directors of Trueworth Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trueworth Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Trueworth Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trueworth Limited. You consider that Trueworth Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Trueworth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Raja & Co.
Chartered Accountants
56 Chorley New Road
Bolton
Lancashire
BL1 4AP
3 February 2025
Trueworth Limited
Statement of financial position
30 September 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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4 |
46,548 |
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46,548 |
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_________ |
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_________ |
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46,548 |
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46,548 |
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Current assets |
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Debtors |
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5 |
64,521 |
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64,521 |
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Cash at bank and in hand |
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1,031 |
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1,031 |
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_________ |
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_________ |
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65,552 |
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65,552 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
292,759) |
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(
292,759) |
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_________ |
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_________ |
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Net current liabilities |
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(
227,207) |
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(
227,207) |
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_________ |
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_________ |
Total assets less current liabilities |
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(
180,659) |
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(
180,659) |
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_________ |
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_________ |
Net liabilities |
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(
180,659) |
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(
180,659) |
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_________ |
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_________ |
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Capital and reserves |
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Called up share capital |
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1,000 |
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1,000 |
Profit and loss account |
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(
181,659) |
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(
181,659) |
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_________ |
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_________ |
Shareholders deficit |
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(
180,659) |
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(
180,659) |
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_________ |
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_________ |
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The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the
board of directors
and authorised for issue on
03 February 2025
, and are signed on behalf of the board by:
Mr Mahendra Khimji Raja
Director
Company registration number:
02786284
Trueworth Limited
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is The Offices of Raja & Co, Aknam, 56 Chorley New Road, Bolton, BL1 4AP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Total |
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£ |
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£ |
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Cost |
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At 1 October 2023 and 30 September 2024 |
48,305 |
492 |
48,797 |
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_________ |
_________ |
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Depreciation |
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At 1 October 2023 and 30 September 2024 |
1,757 |
492 |
2,249 |
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_________ |
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Carrying amount |
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At 30 September 2024 |
46,548 |
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46,548 |
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_________ |
_________ |
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At 30 September 2023 |
46,548 |
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46,548 |
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_________ |
_________ |
_________ |
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5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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16,676 |
16,676 |
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Other debtors |
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47,845 |
47,845 |
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_________ |
_________ |
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64,521 |
64,521 |
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_________ |
_________ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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512 |
512 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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205,959 |
205,959 |
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Social security and other taxes |
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659 |
659 |
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Other creditors |
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85,629 |
85,629 |
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_________ |
_________ |
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292,759 |
292,759 |
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_________ |
_________ |
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