Company Registration No. 13834702 (England and Wales)
Trueview Medical Ltd
Unaudited accounts
for the year ended 31 January 2025
Trueview Medical Ltd
Unaudited accounts
Contents
Trueview Medical Ltd
Company Information
for the year ended 31 January 2025
Directors
Dr Kelechi Eseonu
Christopher Icely
Karina Torlei-Price
Company Number
13834702 (England and Wales)
Registered Office
Spaces
Northgate House
Upper Borough Walls
Bath
Avon
BA1 1RG
England
Accountants
Adams O'Rourke Accountants Ltd
436 Woolton Road
Liverpool
L25 6JQ
Trueview Medical Ltd
Statement of financial position
as at 31 January 2025
Cash at bank and in hand
112,319
-
Creditors: amounts falling due within one year
(152,020)
-
Net current (liabilities)/assets
(36,006)
1,000
Total assets less current liabilities
(36,006)
1,000
Creditors: amounts falling due after more than one year
(16,000)
-
Net (liabilities)/assets
(52,006)
1,000
Called up share capital
1,000
1,000
Profit and loss account
(53,006)
-
Shareholders' funds
(52,006)
1,000
For the year ending 31 January 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by
Karina Torlei-Price
Director
Company Registration No. 13834702
Trueview Medical Ltd
Notes to the Accounts
for the year ended 31 January 2025
Trueview Medical Ltd is a private company, limited by shares, registered in England and Wales, registration number 13834702. The registered office is Spaces, Northgate House, Upper Borough Walls, Bath, Avon, BA1 1RG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised asa a liability.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt ther going concern basis of accounting in preparing its financial statements.
Amounts falling due within one year
Accrued income and prepayments
1,978
-
Trueview Medical Ltd
Notes to the Accounts
for the year ended 31 January 2025
5
Creditors: amounts falling due within one year
2025
2024
Loans from directors
42,955
-
A the balance sheet date, the company had oustanding convertible loans of £105,000, which are due to convert into equity within 5 months. The loans are non-interest bearing. See also related party note.
6
Creditors: amounts falling due after more than one year
2025
2024
A the balance sheet date, the company had loans to related party companies of £16,000, which are interest free and repayable on demand. See also related party note.
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.001 each
1,000
1,000
8
Transactions with related parties
At the balance sheet date, thecompany owed £42,955 to directors. The amounts relate to wages payable:
C Icely: £16,190
K Eseonu: £9,280
K Torlei-Price: £17,485
During the year, the company received a loan of £8k from Epitechne Ltd (under control of director C Icely), and £8k from Medical UX Ltd (under control of director K Torlei-Price). Both loans are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2024: 0).