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REGISTERED NUMBER: 10483357 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

CODEBREAK LIMITED

CODEBREAK LIMITED (REGISTERED NUMBER: 10483357)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CODEBREAK LIMITED

COMPANY INFORMATION
for the Year Ended 30TH NOVEMBER 2023







DIRECTORS: M D E Bayntun
H J Grainger





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 10483357 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

CODEBREAK LIMITED (REGISTERED NUMBER: 10483357)

BALANCE SHEET
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 580,000 690,000

CURRENT ASSETS
Debtors 5 30,049 23,239
Cash at bank 8,299 14,782
38,348 38,021
CREDITORS
Amounts falling due within one year 6 26,279 40,923
NET CURRENT ASSETS/(LIABILITIES) 12,069 (2,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,069

687,098

CREDITORS
Amounts falling due after more than one
year

7

(281,483

)

(293,483

)

PROVISIONS FOR LIABILITIES (6,124 ) (27,024 )
NET ASSETS 304,462 366,591

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 26,106 123,255
Retained earnings 278,256 243,236
304,462 366,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th August 2024 and were signed on its behalf by:





M D E Bayntun - Director


CODEBREAK LIMITED (REGISTERED NUMBER: 10483357)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Codebreak 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 as modified by the revaluation of certain assets.

Changes in accounting policies
The accounts have been prepared under the provisions of FRS102(1A) and hence the comparative balances have been restated.
There is no monetary effect on the accounts of this change in policy.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022 690,000
Revaluations (110,000 )
At 30th November 2023 580,000
NET BOOK VALUE
At 30th November 2023 580,000
At 30th November 2022 690,000

CODEBREAK LIMITED (REGISTERED NUMBER: 10483357)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH NOVEMBER 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30th November 2023 is represented by:
£   
Valuation in 2019 66,641
Valuation in 2020 9,000
Valuation in 2021 40,070
Valuation in 2022 26,519
Valuation in 2023 (110,000 )
Cost 547,770
580,000

If the investment properties had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 547,770 547,770
Aggregate depreciation (79,892 ) (68,937 )

investment properties were valued on an open market basis basis on 30th November 2023 by the directors of the company .

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 3,184 3,151
Amounts owed by associates 580 110
Other debtors 885 878
4,649 4,139

Amounts falling due after more than one year:
Amounts owed by associates 25,400 19,100

Aggregate amounts 30,049 23,239

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 876 6,001
Amounts owed to associates 5,327 7,341
Taxation and social security 6,944 13,767
Other creditors 13,132 13,814
26,279 40,923

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed to associates 140,382 146,382
Other creditors 141,101 147,101
281,483 293,483

CODEBREAK LIMITED (REGISTERED NUMBER: 10483357)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH NOVEMBER 2023

8. RESERVES
Fair
value
reserve
£   
At 1st December 2022 123,255
Transfer between reserves (97,149 )

At 30th November 2023 26,106