True Belief Limited

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

Registered number: 05182548

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,006,003		2,005,326

			2,006,003		2,005,326
CURRENT ASSETS
Debtors	6	15,766		38,146
Cash at bank and in hand		15,282		36,073

		31,048		74,219
Creditors: Amounts Falling Due Within One Year	7	(173,938 )		(191,642 )

NET CURRENT ASSETS (LIABILITIES)			(142,890 )		(117,423 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,863,113		1,887,903

Creditors: Amounts Falling Due After More Than One Year	8		(1,032,054 )		(1,107,054 )

NET ASSETS			831,059		780,849

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			831,058		780,848

SHAREHOLDERS' FUNDS			831,059		780,849

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True Belief Limited

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 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

Mr Iain Jefferis

Director

11/08/2026

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

1. General Information

True Belief Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05182548 . The registered office is Unit 7 Hilfield Park, Hilfield Lane, Aldenham, Watford, WD25 8DB.

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

Rental Income from freehold properties is recognised in the profit and loss account on a straight line basis over the terms of the lease.

2.3. 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:

Freehold	No Depreciation
Fixtures & Fittings	25% straight Line
Computer Equipment	25% straight Line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tax on Profit

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	24.0%	23.5%	16,021	34,397
Prior period adjustment			1,977	-

			17,998	34,397


Total tax charge for the period			17,998	34,397

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True Belief Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

	2026	2025
	£	£
Profit before tax	68,208	145,845

Breakdown of tax charge is:
Tax on profit at 24% (UK standard rate)	16,021	34,397
Prior period adjustment	1,977	-

Total tax charge for the period	17,998	34,397

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2025	2,004,135	33,334	8,045	2,045,514
Additions	-	-	1,299	1,299

As at 30 April 2026	2,004,135	33,334	9,344	2,046,813

Depreciation
As at 1 May 2025	-	33,334	6,854	40,188
Provided during the period	-	-	622	622

As at 30 April 2026	-	33,334	7,476	40,810

Net Book Value
As at 30 April 2026	2,004,135	-	1,868	2,006,003

As at 1 May 2025	2,004,135	-	1,191	2,005,326

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	13,375	16,450
Other debtors	2,391	21,696

	15,766	38,146

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Amounts owed to participating interests	145,000	145,000
Other creditors	12,917	12,502
Taxation and social security	16,021	34,140

	173,938	191,642

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True Belief Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

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

	2026	2025
	£	£
Other creditors	1,032,054	1,107,054

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

Amounts owed to associated company includes amounts due to Nascot Properties Limited in the sum of £145,000 (2025 £145,000). Nascot Properties Limited is a related company by virtue of common director.

At the year end, included in other creditors is an amount of £1,032,054 (2025 £1,107,054) owed to the director of the company. The loan is provided interest free and unsecured. There are no formal terms and conditions regarding repayment of the loan.

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