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REGISTERED NUMBER: 09811137 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2022 to 30 April 2024

for

TEN THIRTY EIGHT LIMITED

TEN THIRTY EIGHT LIMITED (REGISTERED NUMBER: 09811137)






Contents of the Financial Statements
for the Period 1 November 2022 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

TEN THIRTY EIGHT LIMITED

Company Information
for the Period 1 November 2022 to 30 April 2024







DIRECTOR: R Wilson





REGISTERED OFFICE: Brodick Farm House
Lower Hale
Farnham
Surrey
GU9 9RP





REGISTERED NUMBER: 09811137 (England and Wales)





ACCOUNTANTS: McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL

TEN THIRTY EIGHT LIMITED (REGISTERED NUMBER: 09811137)

Balance Sheet
30 April 2024

30.4.24 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,988 4,972

CURRENT ASSETS
Debtors 5 29,742 3,000
Cash at bank 149,467 84,810
179,209 87,810
CREDITORS
Amounts falling due within one year 6 28,354 21,862
NET CURRENT ASSETS 150,855 65,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,843

70,920

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 152,743 70,820
SHAREHOLDERS' FUNDS 152,843 70,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





R Wilson - Director


TEN THIRTY EIGHT LIMITED (REGISTERED NUMBER: 09811137)

Notes to the Financial Statements
for the Period 1 November 2022 to 30 April 2024

1. STATUTORY INFORMATION

Ten Thirty Eight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates or judgements used in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable, net of discount and value added taxes. Turnover includes revenue earned from the provision of services, the services being rugby related media content.

Turnover from the provision of services is recognised when the event or production for which the services are sought has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged to profit and loss over the estimated useful economic lives, as follows:

Computer equipment - 33% on cost.
Improvements to property - 20% on cost.
Plant and Machinery - 25% on cost.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

At each reporting date the company assesses whether there is any indication of impairment. if such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use.

Any impairment loss is recognised immediately as an expense within profit and loss.


TEN THIRTY EIGHT LIMITED (REGISTERED NUMBER: 09811137)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Basic financial instruments
Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Provisions
A provision is recognised when a company has a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

TEN THIRTY EIGHT LIMITED (REGISTERED NUMBER: 09811137)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 30 April 2024 2,491 2,109 2,894 7,494
DEPRECIATION
At 1 November 2022 1,247 1,275 - 2,522
Charge for period 747 791 1,446 2,984
At 30 April 2024 1,994 2,066 1,446 5,506
NET BOOK VALUE
At 30 April 2024 497 43 1,448 1,988
At 31 October 2022 1,244 834 2,894 4,972

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.10.22
£    £   
Trade debtors 4,369 -
Other debtors - 3,000
Directors' current accounts 25,373 -
29,742 3,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.10.22
£    £   
Trade creditors - 1
Tax 25,346 4,311
Directors' current accounts - 12,401
Accrued expenses 3,008 5,149
28,354 21,862

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 31.10.22
value: £    £   
100 Ordinary £1 100 100

TEN THIRTY EIGHT LIMITED (REGISTERED NUMBER: 09811137)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 April 2024

8. RESERVES
Retained
earnings
£   

At 1 November 2022 70,820
Profit for the period 83,923
Dividends (2,000 )
At 30 April 2024 152,743

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2024 and the year ended 31 October 2022:

30.4.24 31.10.22
£    £   
R Wilson
Balance outstanding at start of period (12,401 ) (12,401 )
Amounts advanced 47,367 -
Amounts repaid (9,593 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 25,373 (12,401 )

10. ULTIMATE CONTROLLING PARTY

Ryan Wilson is a director and 50% shareholder. Rebecca Wilson is a 50% shareholder. Together they are the controlling parties.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ten Thirty Eight Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ten Thirty Eight Limited for the period ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Ten Thirty Eight Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ten Thirty Eight Limited and state those matters that we have agreed to state to the director of Ten Thirty Eight Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ten Thirty Eight Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ten Thirty Eight Limited. You consider that Ten Thirty Eight Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ten Thirty Eight Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL


31 July 2024