Company Registration No. 10935339 (England and Wales)
Tru Homes Ltd
Unaudited accounts
for the year ended 31 August 2025
Tru Homes Ltd
Unaudited accounts
Contents
Tru Homes Ltd
Company Information
for the year ended 31 August 2025
Company Number
10935339 (England and Wales)
Registered Office
7 Bell Yard
London
Middlesex
WC2A 2JR
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Tru Homes Ltd
Accountants' report
Accountants' report to the director of Tru Homes Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Tru Homes Ltd for the year ended
31 August 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tru Homes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tru Homes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tru Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tru Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tru Homes Ltd. You consider that Tru Homes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Tru Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
1 May 2026
Tru Homes Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
6,320
8,330
Investment property
446,522
393,280
Cash at bank and in hand
122,500
94,675
Creditors: amounts falling due within one year
(289,881)
(327,127)
Net current liabilities
(167,381)
(232,452)
Total assets less current liabilities
285,461
169,158
Creditors: amounts falling due after more than one year
(232,287)
(135,725)
Provisions for liabilities
Deferred tax
(14,611)
(9,509)
Called up share capital
100
100
Revaluation reserve
87,428
58,690
Profit and loss account
(48,965)
(34,866)
Shareholders' funds
38,563
23,924
For the year ending 31 August 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 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 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 and authorised for issue on 8 May 2026 and were signed on its behalf by
Engin Uluturk
Director
Company Registration No. 10935339
Tru Homes Ltd
Notes to the Accounts
for the year ended 31 August 2025
Tru Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 10935339. The registered office is 7 Bell Yard, London, Middlesex, WC2A 2JR, 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tru Homes Ltd
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
7,109
1,999
9,108
Additions
(1,344)
-
(1,344)
At 31 August 2025
5,765
1,999
7,764
At 1 September 2024
389
389
778
Charge for the year
-
666
666
At 31 August 2025
389
1,055
1,444
At 31 August 2025
5,376
944
6,320
At 31 August 2024
6,720
1,610
8,330
Fair value at 1 September 2024
393,280
Net gain from fair value adjustments
38,318
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
90,187
133,234
Loans from directors
193,186
192,873
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
232,287
135,725
Aggregate of amounts that fall due for payment after five years
232,288
135,725
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
Tru Homes Ltd
Notes to the Accounts
for the year ended 31 August 2025
8
Deferred taxation
2025
2024
Revaluation of investment property
29,143
19,563
Tax losses carried forward
(14,532)
(10,054)
Provision at start of year
9,509
-
Charged to the profit and loss account
5,102
9,509
Provision at end of year
14,611
9,509
9
Transactions with related parties
At the year end, the Director was owed £192,874 (2023 - £109,372). No interest was charged in the year (2023 - £4,207).
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).