Truepenny's Property Consultants Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06498038

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		174,762		180,939
Tangible Assets	5		35,315		22,988
Investments	6		400,000		400,000

			610,077		603,927
CURRENT ASSETS
Debtors	7	202,649		137,085
Cash at bank and in hand		511,184		72,521

		713,833		209,606
Creditors: Amounts Falling Due Within One Year	8	(293,786 )		(160,354 )

NET CURRENT ASSETS (LIABILITIES)			420,047		49,252

TOTAL ASSETS LESS CURRENT LIABILITIES			1,030,124		653,179

Creditors: Amounts Falling Due After More Than One Year	9		(74,642 )		(45,014 )

NET ASSETS			955,482		608,165

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			955,382		608,065

SHAREHOLDERS' FUNDS			955,482		608,165

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Truepenny's Property Consultants Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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

R Vella

Director

21 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Truepenny's Property Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06498038 . The registered office is The Gallery, 14 Upland Road, Dulwich, London, SE22 9EE.

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 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on reduing balance
Fixtures & Fittings	25% on reduing balance
Computer Equipment	25% on reduing balance

2.6. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Truepenny's Property Consultants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 15)

4. Intangible Assets

	Goodwill	Intellectual Property	Total
	£	£	£
Cost
As at 1 April 2024	196,100	9,750	205,850

As at 31 March 2025	196,100	9,750	205,850

Amortisation
As at 1 April 2024	24,277	634	24,911
Provided during the period	5,584	593	6,177

As at 31 March 2025	29,861	1,227	31,088

Net Book Value
As at 31 March 2025	166,239	8,523	174,762

As at 1 April 2024	171,823	9,116	180,939

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	8,725	36,242	37,504	82,471
Additions	-	649	23,450	24,099

As at 31 March 2025	8,725	36,891	60,954	106,570

Depreciation
As at 1 April 2024	8,294	29,969	21,220	59,483
Provided during the period	108	1,731	9,933	11,772

As at 31 March 2025	8,402	31,700	31,153	71,255

Net Book Value
As at 31 March 2025	323	5,191	29,801	35,315

As at 1 April 2024	431	6,273	16,284	22,988

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Truepenny's Property Consultants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Investments

	Other
	£
Cost or Valuation
As at 1 April 2024	400,000

As at 31 March 2025	400,000

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	400,000

As at 1 April 2024	400,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	109,125	53,561
Truepenny's of London Ltd	93,524	83,524

	202,649	137,085

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	153,033	83,052
Other taxes and social security	25,169	12,933
VAT	111,827	62,510
Net wages	786	-
Pension Control Account	2,351	2,034
Accruals and deferred income	620	(175 )

	293,786	160,354

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Trade creditors	61,309	21,681
Bounce Back Loan	13,333	23,333

	74,642	45,014

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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