ACCOUNTS - Final Accounts

TRUE COLORS LIMITED - Company Information

Registered number: 10772594

TRUE COLORS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019


TRUE COLORS LIMITED

COMPANY INFORMATION

Director	M R Freud


Registered number	10772594


Registered office	1 Stephen Street
	London
	W1T 1AL


TRUE COLORS LIMITED

CONTENTS

	Page
Director's report	1
Statement of comprehensive income	2
Statement of financial position	2
Statement of changes in equity	3
Notes to the financial statements	4


TRUE COLORS LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 MAY 2019

The director presents his report and the financial statements for the year ended 31 May 2019.

Director

The director who served during the year was:

M R Freud

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 20 February 2020 and signed on its behalf.

M R Freud

Director

Page 1


TRUE COLORS LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MAY 2019

The Company has not traded during the year or preceding period. During these periods, the company received no income and incurred no expenditure and therefore made neither profit or loss.

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2019

	2019	2018
Note	£	£


Current assets
Debtors: amounts falling due within one year	3	1	1
Net assets		1	1

Capital and reserves
Called up share capital	4	1	1
		1	1

For the year ended 31 May 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2020.

M R Freud

Director

The notes on page 4 form part of these financial statements.

Page 2


TRUE COLORS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MAY 2019

	Called up share capital	Total equity
	£	£
At 1 June 2018	1	1
At 31 May 2019	1	1

The notes on page 4 form part of these financial statements.

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MAY 2018

	Called up share capital	Total equity
	£	£
Shares issued during the period	1	1
At 31 May 2018	1	1

The notes on page 4 form part of these financial statements.

Page 3


TRUE COLORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

1.	General information

True Colors Limited is a limited liability company incorporated in England and Wales, with its registered office at 1 Stephen Street, London, W1T 1AL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Debtors

					2019
					£


	Amounts owed by group undertakings	1

4.	Share capital
		2019	2018
		£	£

Allotted, called up and unpaid

1 (2018 - 1) Ordinary share of £1	1	1

5.	Controlling party

The company is a subsidiary of The Brewery Group (Holdings) Limited, a company registered in England and Wales.
The Director regard Freud 3.0 Limited, a company registered in England and Wales, as the ultimate parent undertaking. Copies of the consolidated financial statements are available from the Registrar of Companies. M R Freud, the director of the company, is the ultimate controlling party.

Page 4