Truesdale Assets Limited

	Page
Company Information	1
Directors' Report	2
Accountant's Report	3
Profit and Loss Account	4
Balance Sheet	5—6
Notes to the Financial Statements	7—8

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Company No. 10497491

Directors' Report For The Year Ended 31 March 2026

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors

The directors who held office during the year were as follows:

Mr Simon Kettleboro

Mrs Joanne Kettleboro

Mrs Caroline Kettleboro

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Simon Kettleboro

Director

22nd June 2026

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Truesdale Assets Limited

Accountant's Report

For The Year Ended 31 March 2026

Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of Truesdale Assets Limited For The Year Ended 31 March 2026

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Truesdale Assets Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Truesdale Assets Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Truesdale Assets Limited and state those matters that we have agreed to state to the directors of Truesdale Assets Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Truesdale Assets Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Truesdale Assets Limited 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 or loss of Truesdale Assets Limited . You consider that Truesdale Assets Limited 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 Truesdale Assets Limited . 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 financial statements.

22nd June 2026

Cassells Limited

Chartered Certified Accountants

Eastfield Low Church Road

Middle Rasen

Market Rasen

Lincs

LN8 3TY

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Truesdale Assets Limited

Profit and Loss Account

For The Year Ended 31 March 2026

Profit and Loss Account

		2026	2025
	Notes	£	£
TURNOVER		35,005	38,001
Cost of sales		-	26,707

GROSS PROFIT		35,005	64,708

Administrative expenses		(15,295 )	(9,891 )

OPERATING PROFIT AND PROFIT BEFORE TAXATION		19,710	54,817
Tax on Profit		(3,746 )	(10,413 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		15,964	44,404

The notes on pages 7 to 8 form part of these financial statements.

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Truesdale Assets Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		22,224		29,796
Investment Properties	5		195,067		195,067

			217,291		224,863
CURRENT ASSETS
Cash at bank and in hand		38,959		15,468

		38,959		15,468
Creditors: Amounts Falling Due Within One Year	6	(169,424 )		(168,031 )

NET CURRENT ASSETS (LIABILITIES)			(130,465 )		(152,563 )

TOTAL ASSETS LESS CURRENT LIABILITIES			86,826		72,300

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,222 )		(5,660 )

NET ASSETS			82,604		66,640

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			82,504		66,540

SHAREHOLDERS' FUNDS			82,604		66,640

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Truesdale Assets Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Simon Kettleboro

Director

22nd June 2026

The notes on pages 7 to 8 form part of these financial statements.

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Truesdale Assets Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Truesdale Assets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10497491 . The registered office is The Beeches Branston Road, Heighington, Lincoln, LN4 1QQ.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery

25% on cost

2.4. Investment Properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	3	3

	3	3

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2025	37,860

As at 31 March 2026	37,860

Depreciation
As at 1 April 2025	8,064
Provided during the period	7,572

As at 31 March 2026	15,636

...CONTINUED

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Truesdale Assets Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	22,224

As at 1 April 2025	29,796

5. Investment Property

	2026
	£
Fair Value
As at 1 April 2025 and 31 March 2026	195,067
Additions	-
Disposals	-

As at 31 March 2026	195,067

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	5,177	5,121
Other creditors	10,000	9,000
Accruals and deferred income	350	325
Directors' loan accounts	153,897	153,585

	169,424	168,031

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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