ACCOUNTS - Final Accounts preparation

Registered number: 08914704

REMARKABLE TRUTH LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

REMARKABLE TRUTH LTD

REGISTERED NUMBER: 08914704

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024	2024	2023	2023
Note	£	£	£	£


Current assets
Cash at bank and in hand	4	-		1,032
		-		1,032
Creditors: amounts falling due within one year	5	(2,293)		(2,700)
Net current liabilities			(2,293)		(1,668)
Total assets less current liabilities			(2,293)		(1,668)

Net liabilities			(2,293)		(1,668)

Capital and reserves
Called up share capital		100	100
Capital reserve	6	48,000	48,000
Profit and loss account	6	(50,393)	(49,768)
		(2,293)	(1,668)

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.

B M Cohen

Director

The notes on pages 2 to 3 form part of these financial statements.

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REMARKABLE TRUTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Remarkable Truth Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office/principal place of business is Epoq Legal, 2 Imperial Place, Maxwell Road, Borehamwood, United Kingdom, WD6 1JN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company meets its day to day working capital requirements through the utilisation of its own funds and funding from its fellow subsidiary company.
The company anticipates that the level of activity for the year ahead will be similar to that of 2024. The parent company agrees to continue to financially support the company for at least the next 12 months from the date of signing of these financial statements.
Based on this assurance the director considers it appropriate to prepare the financial statements on a going concern basis.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.4

Creditors

Short-term creditors are measured at the transaction price.

2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 1).

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REMARKABLE TRUTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	-	1,032
	-	1,032

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	1,668	2,100
Accruals and deferred income	625	600
	2,293	2,700

Reserves

Capital reserve

Shareholders contributions to the company which are neither subject to the rights of either debt or equity are treated as a capital contribution and are taken to the capital reserve.

7.	Controlling party

The parent company of the Company is PinkNews Group Limited, a company incorporated in England and Wales. The address of its registered office is C/O Epoq Legal, Maxwell Road, Borehamwood, WD6 1JN.
There are no consolidated financial statements prepared that include the results of the Company.
The ultimate controlling party is Benjamin Cohen by virtue of his shareholding in PinkNews Group Limited.

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