| Trunklife Limited |
| Registered number: |
10003956 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
550,000 |
|
|
550,000 |
|
| Current assets |
| Debtors |
5 |
|
8,850 |
|
|
7,206 |
| Cash at bank and in hand |
|
|
3,568 |
|
|
3,609 |
|
|
|
12,418 |
|
|
10,815 |
|
| Creditors: amounts falling due within one year |
6 |
|
(6,810) |
|
|
(5,980) |
|
| Net current assets |
|
|
|
5,608 |
|
|
4,835 |
|
| Total assets less current liabilities |
|
|
|
555,608 |
|
|
554,835 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(526,549) |
|
|
(526,549) |
|
| Provisions for liabilities |
|
|
|
(7,213) |
|
|
- |
|
|
| Net assets |
|
|
|
21,846 |
|
|
28,286 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Share premium |
|
|
|
878 |
|
|
878 |
| Profit and loss account |
|
|
|
20,967 |
|
|
27,407 |
|
| Shareholder's funds |
|
|
|
21,846 |
|
|
28,286 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr C. Lund |
| Director |
| Approved by the board on 17 September 2026 |
|
| Trunklife Limited |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Statement of compliance |
|
|
Trunklife Limited is a private company limited by shares incorporated in England and Wales.
The address of the registered office is Unit T13, Tideway Yard, 125 Mortlake High Street, London, United Kingdom, SW14 8SN. |
|
|
| 2 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover reflects rental income in relation to the investment property held. |
|
|
Investments |
|
The company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The directors value the property at the balance sheet date. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 3 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2025 |
550,000 |
|
At 31 March 2026 |
550,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
550,000 |
|
At 31 March 2025 |
550,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2026 |
|
2025 |
| £ |
£ |
|
Historical cost |
433,648 |
|
433,648 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
433,648 |
|
433,648 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
8,850 |
|
6,234 |
|
Director's loan account |
|
|
|
|
- |
|
972 |
|
|
|
|
|
|
8,850 |
|
7,206 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
4,000 |
|
3,020 |
|
Other creditors |
2,810 |
|
2,960 |
|
|
|
|
|
|
6,810 |
|
5,980 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
423,500 |
|
423,500 |
|
Other creditors |
103,049 |
|
103,049 |
|
|
|
|
|
|
526,549 |
|
526,549 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
423,500 |
|
423,500 |
|
|
|
|
|
|
|
|
|
|
The loan is secured against the investment property. |