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Registered number: 13446643
True Crime Ltd
Unaudited Financial Statements
For the Period 1 July 2024 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13446643
31 December 2024 30 June 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 65,349 79,853
65,349 79,853
Creditors: Amounts Falling Due Within One Year 5 (1,713 ) (5,368 )
NET CURRENT ASSETS (LIABILITIES) 63,636 74,485
TOTAL ASSETS LESS CURRENT LIABILITIES 63,636 74,485
Creditors: Amounts Falling Due After More Than One Year 6 (53,766 ) (59,980 )
NET ASSETS 9,870 14,505
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 9,869 14,504
SHAREHOLDERS' FUNDS 9,870 14,505
Page 1
Page 2
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Giwa-Amu
Director
30 September 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
True Crime Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13446643 . The registered office is Unit D, Tramshed Tech, Pendyris Street, Cardiff, CF11 6BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for products provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of video game licences is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch or download) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: NIL)
- -
4. Debtors
31 December 2024 30 June 2024
£ £
Due within one year
Prepayments and accrued income 65,348 65,348
Other debtors 1 1
Corporation tax recoverable assets - 14,504
65,349 79,853
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 June 2024
£ £
Trade creditors - 3,555
Accruals and deferred income 1,713 1,813
1,713 5,368
6. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 30 June 2024
£ £
Amounts owed to group undertakings 53,766 59,980
7. Share Capital
31 December 2024 30 June 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4