Company Registration No. SC646297 (Scotland)
Investments 38 Ltd
Unaudited accounts
for the year ended 30 November 2023
Investments 38 Ltd
Unaudited accounts
Contents
Investments 38 Ltd
Company Information
for the year ended 30 November 2023
Company Number
SC646297 (Scotland)
Registered Office
18 Blackhill Gardens
Glasgow
G23 5NE
Scotland
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
Investments 38 Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
64,770
23,467
Investment property
2,510,391
1,665,950
Cash at bank and in hand
25,445
19,120
Creditors: amounts falling due within one year
(149,443)
(122,405)
Net current liabilities
(76,998)
(103,285)
Total assets less current liabilities
2,498,163
1,586,132
Creditors: amounts falling due after more than one year
(2,282,756)
(1,707,485)
Provisions for liabilities
Deferred tax
(207,236)
(56,501)
Net assets/(liabilities)
8,171
(177,854)
Called up share capital
100
100
Profit and loss account
8,071
(177,954)
Shareholders' funds
8,171
(177,854)
For the year ending 30 November 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2024 and were signed on its behalf by
Barry John Corr
Director
Company Registration No. SC646297
Investments 38 Ltd
Notes to the Accounts
for the year ended 30 November 2023
Investments 38 Ltd is a private company, limited by shares, registered in Scotland, registration number SC646297. The registered office is 18 Blackhill Gardens, Glasgow, G23 5NE, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Investments 38 Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
At 30 November 2023
74,575
At 30 November 2023
64,770
At 30 November 2022
23,467
Fair value at 1 December 2022
1,665,950
Net gain from fair value adjustments
602,941
At 30 November 2023
2,510,391
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,368
6,702
Other creditors
46,883
48,094
Loans from directors
96,192
58,811
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
2,088,238
1,682,045
Obligations under finance leases and hire purchase contracts
74,118
25,440
Investments 38 Ltd
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).