1 September 2023 false Taxfiler 2024.6 10935339business:PrivateLimitedCompanyLtd2023-09-012024-08-31 109353392023-08-31 109353392023-09-012024-08-31 10935339business:AuditExemptWithAccountantsReport2023-09-012024-08-31 10935339business:FilletedAccounts2023-09-012024-08-31 109353392024-08-31 10935339business:Director12023-09-012024-08-31 10935339business:RegisteredOffice2023-09-012024-08-31 109353392023-08-31 10935339core:WithinOneYear2024-08-31 10935339core:WithinOneYear2023-08-31 10935339core:AfterOneYear2024-08-31 10935339core:AfterOneYear2023-08-31 10935339core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 10935339core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 10935339core:RevaluationReservecore:PreviouslyStatedAmount2024-08-31 10935339core:RevaluationReservecore:PreviouslyStatedAmount2023-08-31 10935339core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 10935339core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 10935339core:PreviouslyStatedAmount2024-08-31 10935339core:PreviouslyStatedAmount2023-08-31 10935339business:SmallEntities2023-09-012024-08-31 10935339countries:EnglandWales2023-09-012024-08-31 10935339core:FurnitureFittings2023-09-012024-08-31 10935339core:FurnitureFittings2023-08-31 10935339core:ComputerEquipment2023-08-31 10935339core:ComputerEquipment2023-09-012024-08-31 10935339core:FurnitureFittings2024-08-31 10935339core:ComputerEquipment2024-08-31 10935339core:MoreThanFiveYears2024-08-31 10935339core:MoreThanFiveYears2023-08-31 10935339core:AfterOneYear2023-09-012024-08-31 10935339core:RevaluationInvestmentPropertyDeferredTax2024-08-31 10935339core:RevaluationInvestmentPropertyDeferredTax2023-08-31 10935339core:TaxLossesCarry-forwardsDeferredTax2024-08-31 10935339core:TaxLossesCarry-forwardsDeferredTax2023-08-31 109353392022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 10935339 (England and Wales)
Tru Homes Ltd Unaudited accounts for the year ended 31 August 2024
Tru Homes Ltd Unaudited accounts Contents
Page
- 2 -
Tru Homes Ltd Company Information for the year ended 31 August 2024
Director
Engin Uluturk
Company Number
10935339 (England and Wales)
Registered Office
7 Bell Yard London Middlesex WC2A 2JR England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Tru Homes Ltd Accountants' report
Accountants' report to the director of Tru Homes Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tru Homes Ltd for the year ended 31 August 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tru Homes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tru Homes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tru Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tru Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tru Homes Ltd. You consider that Tru Homes Ltd 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 accounts of Tru Homes Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 7 March 2025
- 4 -
Tru Homes Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,330 
389 
Investment property
393,280 
254,611 
401,610 
255,000 
Current assets
Cash at bank and in hand
94,675 
25,457 
Creditors: amounts falling due within one year
(327,127)
(141,155)
Net current liabilities
(232,452)
(115,698)
Total assets less current liabilities
169,158 
139,302 
Creditors: amounts falling due after more than one year
(135,725)
(135,725)
Provisions for liabilities
Deferred tax
(9,509)
- 
Net assets
23,924 
3,577 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
58,690 
49,022 
Profit and loss account
(34,866)
(45,545)
Shareholders' funds
23,924 
3,577 
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
Engin Uluturk Director Company Registration No. 10935339
- 5 -
Tru Homes Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Tru Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 10935339. The registered office is 7 Bell Yard, London, Middlesex, WC2A 2JR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
Tru Homes Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
389 
- 
389 
Additions
6,720 
1,999 
8,719 
At 31 August 2024
7,109 
1,999 
9,108 
Depreciation
Charge for the year
389 
389 
778 
At 31 August 2024
389 
389 
778 
Net book value
At 31 August 2024
6,720 
1,610 
8,330 
At 31 August 2023
389 
- 
389 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
254,611 
Additions
109,438 
Net gain from fair value adjustments
29,231 
At 31 August 2024
393,280 
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
133,234 
30,640 
Loans from directors
192,873 
109,375 
Accruals
1,020 
1,140 
327,127 
141,155 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
135,725 
135,725 
Aggregate of amounts that fall due for payment after five years
135,725 
135,725 
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
- 7 -
Tru Homes Ltd Notes to the Accounts for the year ended 31 August 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
19,563 
- 
Tax losses carried forward
(10,054)
- 
9,509 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
9,509 
- 
Provision at end of year
9,509 
- 
9
Transactions with related parties
At the year end, the Director was owed £192,874 (2023 - £109,372). No interest was charged in the year (2023 - £4,207).
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 8 -