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Registered number: 00678662
TRUMAN PROPERTIES LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
Information for filing with the registrar
FOR THE YEAR ENDED 31 MARCH 2026
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TRUMAN PROPERTIES LIMITED
Company Information
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TRUMAN PROPERTIES LIMITED
Registered number: 00678662
Balance sheet
As at 31 March 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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TRUMAN PROPERTIES LIMITED
Registered number: 00678662
Balance sheet (continued)
As at 31 March 2026
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 July 2026.
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A T Stevens
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The notes on pages 3 to 6 form part of these financial statements.
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TRUMAN PROPERTIES LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
Truman Properties Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The Company's registered office address is 45 Holland Park Mews, London, W11 3SP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
The Turnover shown in the Profit and loss account represents rents and commissions receivable during the year.
Interest income is recognised in the Profit and loss account using the effective interest method.
Investment properties are shown at their open market value, as determined by the directors. The surplus or deficit arising from the annual revaluation is transferred to the Profit and loss account.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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TRUMAN PROPERTIES LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Basic financial instruments, including trade and other creditors are measured at the transaction price less any impairment.
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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The average monthly number of employees, including directors, during the year was 4 (2025 - 4).
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TRUMAN PROPERTIES LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
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Investment Property & Ground Rent
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The investment properties were valued at 31 March 2026 valuations were made by Mr A Stevens, a Director, on an open market value basis.
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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TRUMAN PROPERTIES LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
Profit & loss account
Included in the profit and loss account are non-distributable reserves of £1,974,165 (2025: £1,872,164).
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