REGISTERED NUMBER: 04159811 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TRUEFORM DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Jones

Mrs P M Griffiths

SECRETARY:

The William Marshall Partnership Limited

REGISTERED OFFICE:

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

REGISTERED NUMBER:

04159811 (England and Wales)

ACCOUNTANTS:

William Marshall & Co

Financial Accountants

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

FIXED ASSETS

Tangible assets

4

55,546

55,562

CURRENT ASSETS

Debtors

5

49,287

42,330

Cash at bank

8,260

6,580

57,547

48,910

CREDITORS

Amounts falling due within one year

6

34,268

20,830

NET CURRENT ASSETS

23,279

28,080

TOTAL ASSETS LESS CURRENT LIABILITIES

78,825

83,642

CREDITORS

Amounts falling due after more than one year

7

52,869

62,848

NET ASSETS

25,956

20,794

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

25,954

20,792

SHAREHOLDERS' FUNDS

25,956

20,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

M P Jones - Director

Mrs P M Griffiths - Director

1.	STATUTORY INFORMATION

Trueform Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Equipment

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Fixtures & fittings

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Office

Fixtures

property

Equipment

equipment

& fittings

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

55,500

8,576

2,206

1,088

67,370

DEPRECIATION

At 1 April 2024

-

8,551

2,174

1,083

11,808

Charge for year

-

6

8

2

16

At 31 March 2025

-

8,557

2,182

1,085

11,824

NET BOOK VALUE

At 31 March 2025

55,500

19

24

3

55,546

At 31 March 2024

55,500

25

32

5

55,562

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

3,350

-

Prepayments

492

905

3,842

905

2025

2024

£

£

Amounts falling due after more than one year:

Woodhouse Barn Ltd

46,420

41,425

Icarus Wales (UK) Ltd

(975

)

-

45,445

41,425

Aggregate amounts

49,287

42,330

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

10,717

8,425

Corporation Tax

1,922

2,913

Other creditors

1,369

1,186

Tenants' deposits

3,350

-

Directors' current accounts

16,910

8,306

34,268

20,830

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

52,869

62,848

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

23,949

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

10,717

8,425

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,494

8,915

Amounts falling due between two and five years:

Bank loans - 2-5 years

43,375

29,984

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

23,949

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

63,586

71,273

A bank loan is secured against the company's investment property, The Old Print Room, Haverfordwest.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1.00

2

2

11.

RESERVES

Retained

earnings

£

At 1 April 2024

20,792

Profit for the year

5,162

At 31 March 2025

25,954