Registered number
10003956
Trunklife Limited
Unaudited Filleted Accounts
31 March 2025
Trunklife Limited
Registered number: 10003956
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 550,000 550,000
Current assets
Debtors 5 7,206 10,464
Cash at bank and in hand 3,609 4,906
10,815 15,370
Creditors: amounts falling due within one year 6 (5,980) (10,542)
Net current assets 4,835 4,828
Total assets less current liabilities 554,835 554,828
Creditors: amounts falling due after more than one year 7 (526,549) (526,549)
Net assets 28,286 28,279
Capital and reserves
Called up share capital 1 1
Share premium 878 878
Profit and loss account 27,407 27,400
Shareholder's funds 28,286 28,279
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C. Lund
Director
Approved by the board on 27 August 2025
Trunklife Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Statement of compliance
Trunklife Limited is a private company limited by shares incorporated in England and Wales.
The address of the registered office is Unit T13, Tideway Yard, 125 Mortlake High Street, London, United Kingdom, SW14 8SN.
2 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Investment property
The company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The directors value the property at the balance sheet date.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 550,000
At 31 March 2025 550,000
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 550,000
At 31 March 2024 550,000
Freehold land and buildings: 2025 2024
£ £
Historical cost 433,648 433,648
Cumulative depreciation based on historical cost - -
433,648 433,648
Mr C. Lund, a director, valued the investment property at 31st March 2024 using the estimated value which the property could reasonable be sold for on the open market.
5 Debtors 2025 2024
£ £
Trade debtors 6,234 10,464
Director's loan account 972 -
7,206 10,464
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 3,020 7,582
Other creditors 2,960 2,960
5,980 10,542
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 423,500 423,500
Other creditors 103,049 103,049
526,549 526,549
8 Loans 2025 2024
£ £
Creditors include:
Secured bank loans 423,500 423,500
The loan is secured against the investment property.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr C. Lund
Interest free loan - 972 - 972
- 972 - 972
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