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Registered number: 11015814
Truth Restaurant And Bar Ltd.
Financial Statements
For The Year Ended 31 October 2025
Chartax Associates Ltd
Chartered Certified Accountants
103 Island Business Centre
18-36 Wellington Street
Woolwich
London
SE18 6PF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11015814
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,830 11,658
11,830 11,658
CURRENT ASSETS
Debtors 5 3,750 4,114
Cash at bank and in hand 2,541 517
6,291 4,631
Creditors: Amounts Falling Due Within One Year 6 (61,785 ) (58,170 )
NET CURRENT ASSETS (LIABILITIES) (55,494 ) (53,539 )
TOTAL ASSETS LESS CURRENT LIABILITIES (43,664 ) (41,881 )
Creditors: Amounts Falling Due After More Than One Year 7 (22,653 ) (26,200 )
NET LIABILITIES (66,317 ) (68,081 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (66,417 ) (68,181 )
SHAREHOLDERS' FUNDS (66,317) (68,081)
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Dinesh Shrestha
Director
28th October 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Truth Restaurant And Bar Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11015814 . The registered office is 93 Victoria Road, Aldershot, GU11 1JE.
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. Going Concern Disclosure
The Balance Sheet is on net deficit. The directors and shareholders have confirmed that the financial assistance will be
provided as when required.
2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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:
Leasehold 6.67% Straight Line
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 1)
3 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2024 19,217 27,168 11,560 57,945
Additions - 2,881 - 2,881
As at 31 October 2025 19,217 30,049 11,560 60,826
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2024 8,972 25,755 11,560 46,287
Provided during the period 1,282 1,427 - 2,709
As at 31 October 2025 10,254 27,182 11,560 48,996
Net Book Value
As at 31 October 2025 8,963 2,867 - 11,830
As at 1 November 2024 10,245 1,413 - 11,658
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 3,750 4,114
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,376 (1 )
Bank loans and overdrafts 2,401 1,196
Other creditors 57,081 40,951
Taxation and social security 927 16,024
61,785 58,170
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 22,653 26,200
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4