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Notes to the financial statements
For the financial period ended 30 June 2025
Turas Mara Limited is a private company limited by shares and was incorporated in the United Kingdom on 21 June 2024. The Company’s accounting records are maintained at the Company’s registered office at 2d Barkers Yard, Heather Road, Skegness, Lincolnshire, England.
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 judgement in applying the Company's accounting policies (see note 3).
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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There have been no significant judgements or estimates included in the preparation of the financial statements.
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The Company has no employees other than the director, who did not receive any remuneration.
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Called up share capital not paid
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