1.
General Information
Trust We Care Property Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
14462572
. The registered office is The Mill, Office 1, 27 Millstone Lane, Leicester, Leicestershire, LE1 5AS.
The presentation currency of the financial statements is Pound Sterling (£)
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
2.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
4.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 December 2024 |
|
| Revaluations | 14,610 |
| As at 30 November 2025 |
|
Trust We Care Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
5.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 7,553 | - | |
6.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts owed to group undertakings |
|
|
|
| Other creditors | 1,560 | 2,555 | |
|
|
|
||
7.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
8.
Secured Creditors
Of the creditors the following amounts are secured.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 134,389 | 133,493 |
9.
Deferred Taxation
The provision for deferred tax consists of the following:
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Deferred tax at start of period
|
0
|
0
|
|
|
Charged to profit and loss in respect of revaluation of investment property
|
2,776
|
0
|
|
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
||
|
Deferred tax at end of period
|
2,776
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
0
|
|
|
The provision for deferred tax consists of the following timing differences:
|
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 2,776 | - | |
Trust We Care Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
11.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at 1 December 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 November 2025 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Mwanza Kamola |
|
|
|
- |
|
The above loan is unsecured, interest free and repayable on demand.
12.
Reserves
| Revaluation reserve | Profit and Loss Account | |
|---|---|---|
| £ | £ | |
| As at 1 December 2024 |
|
( |
| Profit for the year and total comprehensive income | - |
|
| Transfer from revaluation reserve | - | (11,835) |
| Transfer to/from Profit & Loss Account |
|
- |
| As at 30 November 2025 |
|
( |