12 35 True to Nature Limited 09550855 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is Television production Digita Accounts Production Advanced 6.30.9574.0 true false true true true true true false 09550855 2024-06-01 2025-05-31 09550855 2025-05-31 09550855 core:RetainedEarningsAccumulatedLosses 2025-05-31 09550855 core:ShareCapital 2025-05-31 09550855 core:SharePremium 2025-05-31 09550855 core:CurrentFinancialInstruments 2025-05-31 09550855 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 09550855 core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-05-31 09550855 core:CostValuation 2025-05-31 09550855 core:ProvisionsForImpairmentInvestments 2025-05-31 09550855 core:OfficeEquipment 2025-05-31 09550855 bus:SmallEntities 2024-06-01 2025-05-31 09550855 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 09550855 bus:FilletedAccounts 2024-06-01 2025-05-31 09550855 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 09550855 bus:RegisteredOffice 2024-06-01 2025-05-31 09550855 bus:Director3 2024-06-01 2025-05-31 09550855 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 09550855 core:InvestmentPropertyIncludedWithinPPE 2024-06-01 2025-05-31 09550855 core:OfficeEquipment 2024-06-01 2025-05-31 09550855 core:Subsidiary1 2024-06-01 2025-05-31 09550855 core:Subsidiary1 1 2024-06-01 2025-05-31 09550855 core:Subsidiary1 countries:England 2024-06-01 2025-05-31 09550855 core:Subsidiary2 2024-06-01 2025-05-31 09550855 core:Subsidiary2 1 2024-06-01 2025-05-31 09550855 core:Subsidiary2 countries:England 2024-06-01 2025-05-31 09550855 core:Subsidiary3 2024-06-01 2025-05-31 09550855 core:Subsidiary3 1 2024-06-01 2025-05-31 09550855 core:Subsidiary3 countries:England 2024-06-01 2025-05-31 09550855 core:Subsidiary4 2024-06-01 2025-05-31 09550855 core:Subsidiary4 1 2024-06-01 2025-05-31 09550855 core:Subsidiary4 countries:England 2024-06-01 2025-05-31 09550855 core:Subsidiary5 2024-06-01 2025-05-31 09550855 core:Subsidiary5 1 2024-06-01 2025-05-31 09550855 core:Subsidiary5 countries:England 2024-06-01 2025-05-31 09550855 countries:England 2024-06-01 2025-05-31 09550855 2024-05-31 09550855 core:CostValuation 2024-05-31 09550855 core:OfficeEquipment 2024-05-31 09550855 2023-06-01 2024-05-31 09550855 2024-05-31 09550855 core:RetainedEarningsAccumulatedLosses 2024-05-31 09550855 core:ShareCapital 2024-05-31 09550855 core:SharePremium 2024-05-31 09550855 core:CurrentFinancialInstruments 2024-05-31 09550855 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09550855 core:CurrentFinancialInstruments core:WithinOneYear core:CumulativeEffectDateInitialApplicationIncreaseDecrease 2024-05-31 09550855 core:OfficeEquipment 2024-05-31 09550855 core:CumulativeEffectDateInitialApplicationIncreaseDecrease 2024-05-31 09550855 core:Subsidiary1 1 2023-06-01 2024-05-31 09550855 core:Subsidiary2 1 2023-06-01 2024-05-31 09550855 core:Subsidiary3 1 2023-06-01 2024-05-31 09550855 core:Subsidiary4 1 2023-06-01 2024-05-31 09550855 core:Subsidiary5 1 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP

Registration number: 09550855

True to Nature Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2025

 

True to Nature Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

True to Nature Limited

(Registration number: 09550855)

Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

30,878

108,558

Investments

5

-

10

 

30,878

108,568

Current assets

 

Debtors

6

283,004

955,174

Cash at bank and in hand

 

2,883,124

2,586,640

 

3,166,128

3,541,814

Creditors: Amounts falling due within one year

7

(366,107)

(440,828)

Net current assets

 

2,800,021

3,100,986

Net assets

 

2,830,899

3,209,554

Capital and reserves

 

Called up share capital

169

169

Share premium reserve

1,523,932

1,523,932

Retained earnings

1,306,798

1,685,453

Shareholders' funds

 

2,830,899

3,209,554

 

True to Nature Limited

(Registration number: 09550855)

Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss account has been taken.

Approved and authorised by the Board on 30 July 2025 and signed on its behalf by:
 

S A Batty
Director

   
     
 

True to Nature Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
16 The Furlong
Bristol
BS6 7TF

These financial statements were authorised for issue by the Board on 30 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Group accounts not prepared

The Company has chosen not to prepare consolidated accounts as it is exempt under section 399 of the Companies Act by being a parent of a small group.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have adequate resources to continue as a going concern. The directors are committed to ensure that the company is able to meet its liabilities on a day to day basis and the parent company has pledged to provide financial support to enable the company to meet its liabilities. Therefore, the financial statements have been prepared on a going concern basis.

 

True to Nature Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.
 

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

True to Nature Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer
settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

True to Nature Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 12 (2024 - 35).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2024

341,159

341,159

Disposals

(40,456)

(40,456)

At 31 May 2025

300,703

300,703

Depreciation

At 1 June 2024

232,601

232,601

Charge for the year

68,081

68,081

Eliminated on disposal

(30,857)

(30,857)

At 31 May 2025

269,825

269,825

Carrying amount

At 31 May 2025

30,878

30,878

At 31 May 2024

108,558

108,558

 

True to Nature Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5

Investments

2025
£

2024
£

Investments in subsidiaries

-

10

Subsidiaries

£

Cost or valuation

At 1 June 2024

10

At 31 May 2025

10

Provision

Provision

10

At 31 May 2025

10

Carrying amount

At 31 May 2025

-

At 31 May 2024

10

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2025

2024

Subsidiary undertakings

True to Nature Zoo Brothers Limited

16 The Furlong, Bristol, United Kingdom, BS6 7TF

England

Ordinary Shares

100%

100%

True to Nature Dreamflight Limited

16 The Furlong, Bristol, United Kingdom, BS6 7TF

England

Ordinary Shares

100%

100%

True to Nature W Limited

16 The Furlong, Bristol, United Kingdom, BS6 7TF

England

Ordinary Shares

100%

100%

True to Nature Predators Limited

16 The Furlong, Bristol, United Kingdom, BS6 7TF

England

Ordinary Shares

100%

100%

 

True to Nature Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

True to Nature DC Limited

16 The Furlong, Bristol, United Kingdom, BS6 7TF

England

Ordinary Shares

100%

100%

6

Debtors

Note

2025
£

2024
£

Trade debtors

 

-

202,320

Amounts owed by related parties

9

268,704

701,806

Other debtors

 

14,300

51,048

 

283,004

955,174

7

Creditors

Due within one year

Note

2025
£

2024
£

 

Trade creditors

 

24,272

9,755

Amounts due to related parties

9

-

6

Social security and other taxes

 

56,788

96,707

Other creditors

8

100,853

5,205

Accruals

 

181,665

85,248

Deferred income

 

2,529

243,907

 

366,107

440,828

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £25,956).

Amounts disclosed in the balance sheet

Included in the balance sheet are outstanding pension liabilities of £33,210 (2024 - £4,125).

9

Related party transactions

Summary of transactions with subsidiaires
The company has taken advantage of the exemption available under section 1AC.35 of Financial Reporting Standard 102, not to disclose transactions with other wholly owned members of this group.

During the year, the company wrote off a receivable of £180,767 due from a related party. The write-off was made following confirmation that the balance was no longer considered recoverable.