2024-01-012024-12-312024-12-31false12680542TRUTHCORP HOLDINGS LTD2025-04-1656290falseiso4217:GBPxbrli:pure126805422024-01-01126805422024-12-31126805422024-01-012024-12-31126805422023-01-01126805422023-12-31126805422023-01-012023-12-3112680542bus:SmallEntities2024-01-012024-12-3112680542bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3112680542bus:FullAccounts2024-01-012024-12-3112680542bus:PrivateLimitedCompanyLtd2024-01-012024-12-3112680542core:WithinOneYear2024-12-3112680542core:AfterOneYear2024-12-3112680542core:WithinOneYear2023-12-3112680542core:AfterOneYear2023-12-3112680542core:ShareCapital2024-12-3112680542core:SharePremium2024-12-3112680542core:RevaluationReserve2024-12-3112680542core:OtherReservesSubtotal2024-12-3112680542core:RetainedEarningsAccumulatedLosses2024-12-3112680542core:ShareCapital2023-12-3112680542core:SharePremium2023-12-3112680542core:RevaluationReserve2023-12-3112680542core:OtherReservesSubtotal2023-12-3112680542core:RetainedEarningsAccumulatedLosses2023-12-3112680542core:LandBuildings2024-12-3112680542core:PlantMachinery2024-12-3112680542core:Vehicles2024-12-3112680542core:FurnitureFittings2024-12-3112680542core:OfficeEquipment2024-12-3112680542core:NetGoodwill2024-12-3112680542core:IntangibleAssetsOtherThanGoodwill2024-12-3112680542core:ListedExchangeTraded2024-12-3112680542core:UnlistedNon-exchangeTraded2024-12-3112680542core: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:LandBuildings2024-01-012024-12-3112680542core:PlantMachinery2024-01-012024-12-3112680542core:Vehicles2024-01-012024-12-3112680542core:FurnitureFittings2024-01-012024-12-3112680542core:OfficeEquipment2024-01-012024-12-3112680542core:NetGoodwill2024-01-012024-12-3112680542core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112680542core:ListedExchangeTraded2024-01-012024-12-3112680542core:UnlistedNon-exchangeTraded2024-01-012024-12-3112680542core:MoreThanFiveYears2024-01-012024-12-3112680542core:Non-currentFinancialInstruments2024-12-3112680542core:Non-currentFinancialInstruments2023-12-3112680542dpl:CostSales2024-01-012024-12-3112680542dpl:DistributionCosts2024-01-012024-12-3112680542core:LandBuildings2024-01-012024-12-3112680542core:PlantMachinery2024-01-012024-12-3112680542core:Vehicles2024-01-012024-12-3112680542core:FurnitureFittings2024-01-012024-12-3112680542core:OfficeEquipment2024-01-012024-12-3112680542dpl:AdministrativeExpenses2024-01-012024-12-3112680542core:NetGoodwill2024-01-012024-12-3112680542core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112680542dpl:GroupUndertakings2024-01-012024-12-3112680542dpl:ParticipatingInterests2024-01-012024-12-3112680542dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-12-3112680542core:ListedExchangeTraded2024-01-012024-12-3112680542dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-12-3112680542core:UnlistedNon-exchangeTraded2024-01-012024-12-3112680542dpl: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-exchangeTraded2023-01-012023-12-3112680542core:NetGoodwill2024-12-3112680542core:IntangibleAssetsOtherThanGoodwill2024-12-3112680542core:LandBuildings2024-12-3112680542core:PlantMachinery2024-12-3112680542core:Vehicles2024-12-3112680542core:FurnitureFittings2024-12-3112680542core:OfficeEquipment2024-12-3112680542core:AfterOneYear2024-12-3112680542core:WithinOneYear2024-12-3112680542core:ListedExchangeTraded2024-12-3112680542core:UnlistedNon-exchangeTraded2024-12-3112680542core:ShareCapital2024-12-3112680542core:SharePremium2024-12-3112680542core:RevaluationReserve2024-12-3112680542core:OtherReservesSubtotal2024-12-3112680542core:RetainedEarningsAccumulatedLosses2024-12-3112680542core: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:NetGoodwill2023-01-0112680542core:IntangibleAssetsOtherThanGoodwill2023-01-0112680542core:LandBuildings2023-01-0112680542core:PlantMachinery2023-01-0112680542core:Vehicles2023-01-0112680542core:FurnitureFittings2023-01-0112680542core:OfficeEquipment2023-01-0112680542core:AfterOneYear2023-01-0112680542core:WithinOneYear2023-01-0112680542core:ListedExchangeTraded2023-01-0112680542core:UnlistedNon-exchangeTraded2023-01-0112680542core:ShareCapital2023-01-0112680542core:SharePremium2023-01-0112680542core:RevaluationReserve2023-01-0112680542core:OtherReservesSubtotal2023-01-0112680542core:RetainedEarningsAccumulatedLosses2023-01-0112680542core:AfterOneYear2024-01-012024-12-3112680542core:WithinOneYear2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:CostValuation2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3112680542core:Non-currentFinancialInstrumentscore:CostValuation2024-12-3112680542core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-12-3112680542core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-12-3112680542core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-12-3112680542core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-12-3112680542core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-12-3112680542core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-12-3112680542core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-12-3112680542core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-12-3112680542core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3112680542core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3112680542core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3112680542core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3112680542core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3112680542core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3112680542core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3112680542core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3112680542core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3112680542bus:Director12024-01-012024-12-31

TRUTHCORP HOLDINGS LTD

Registered Number
12680542
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

TRUTHCORP HOLDINGS LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

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 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3395,822396,072
395,822396,072
Current assets
Debtors1,241,1521,078,573
Cash at bank and on hand1111
1,241,1631,078,584
Creditors amounts falling due within one year4(535,006)(113,862)
Net current assets (liabilities)706,157964,722
Total assets less current liabilities1,101,9791,360,794
Creditors amounts falling due after one year5(14,862)(14,862)
Net assets1,087,1171,345,932
Capital and reserves
Called up share capital16,20416,204
Share premium1,926,3841,633,386
Profit and loss account(855,471)(303,658)
Shareholders' funds1,087,1171,345,932
The financial statements were approved and authorised for issue by the Director on 16 April 2025, 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 2024

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

20242023
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 24396,461396,461
At 31 December 24396,461396,461
Amortisation and impairment
At 01 January 24389389
Charge for year250250
At 31 December 24639639
Net book value
At 31 December 24395,822395,822
At 31 December 23396,072396,072
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-22,720
Bank borrowings and overdrafts308,387-
Amounts owed to related parties193,5969,950
Taxation and social security55-
Other creditors32,96881,192
Total535,006113,862
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

2024

2023

££
Other creditors14,86214,862
Total14,86214,862
6.Related party transactions
Transactions between the company and its subsidiaries are disclosed in accordance with FRS 102 Section 33. As permitted under the standard, transactions between wholly-owned group entities have not been disclosed.
7.Controlling party
The company has elected to take advantage of the exemption from the preparation of consolidated financial statements under Section 9.9 of Financial Reporting Standard 102 (FRS 102).
8.Parent-subsidiary relationships
The company has elected to take advantage of the exemption from the preparation of consolidated financial statements under Section 9.9 of Financial Reporting Standard 102 (FRS 102). The company is the parent entity of a group of companies, which includes the following subsidiaries as at 31.12.2024: TRUTH SUPPLEMENTS LTD TRUTH SUPERFOODS LTD. 6 DEGREES BIOSCIENCE UK LTD KURK FUNCTIONAL FOODS LTD