IRIS Accounts Production v25.1.4.42 15152433 director 21.9.23 30.9.24 30.9.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh151524332023-09-20151524332024-09-30151524332023-09-212024-09-30151524332023-09-2015152433ns15:EnglandWales2023-09-212024-09-3015152433ns14:PoundSterling2023-09-212024-09-3015152433ns10:Director12023-09-212024-09-3015152433ns10:PrivateLimitedCompanyLtd2023-09-212024-09-3015152433ns10:SmallEntities2023-09-212024-09-3015152433ns10:AuditExempt-NoAccountantsReport2023-09-212024-09-3015152433ns10:SmallCompaniesRegimeForDirectorsReport2023-09-212024-09-3015152433ns10:SmallCompaniesRegimeForAccounts2023-09-212024-09-3015152433ns10:FullAccounts2023-09-212024-09-3015152433ns10:RegisteredOffice2023-09-212024-09-3015152433ns5:CurrentFinancialInstruments2024-09-3015152433ns5:Non-currentFinancialInstruments2024-09-3015152433ns5:ShareCapital2024-09-3015152433ns5:RetainedEarningsAccumulatedLosses2024-09-3015152433ns5:PlantMachinery2023-09-212024-09-3015152433ns5:FurnitureFittings2023-09-212024-09-3015152433ns5:FurnitureFittings2024-09-3015152433ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3015152433ns5:Secured2024-09-30
REGISTERED NUMBER: 15152433 (England and Wales)















Unaudited Financial Statements

for the Period 21 September 2023 to 30 September 2024

for

COMPANY38 LTD

COMPANY38 LTD (REGISTERED NUMBER: 15152433)

Contents of the Financial Statements
for the Period 21 September 2023 to 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPANY38 LTD

Company Information
for the Period 21 September 2023 to 30 September 2024







DIRECTOR: S A Minns





REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF





REGISTERED NUMBER: 15152433 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

COMPANY38 LTD (REGISTERED NUMBER: 15152433)

Balance Sheet
30 September 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,506
Investment property 5 295,147
300,653

CURRENT ASSETS
Debtors 6 121,893
Cash at bank 20,706
142,599
CREDITORS
Amounts falling due within one year 7 264,863
NET CURRENT LIABILITIES (122,264 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,389

CREDITORS
Amounts falling due after more than one
year

8

193,962
NET LIABILITIES (15,573 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (15,574 )
(15,573 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:



S A Minns - Director


COMPANY38 LTD (REGISTERED NUMBER: 15152433)

Notes to the Financial Statements
for the Period 21 September 2023 to 30 September 2024


1. STATUTORY INFORMATION

Company38 Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Tangible fixed assets are initially recorded at cost.

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 period 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 6,478
At 30 September 2024 6,478
DEPRECIATION
Charge for period 972
At 30 September 2024 972
NET BOOK VALUE
At 30 September 2024 5,506

COMPANY38 LTD (REGISTERED NUMBER: 15152433)

Notes to the Financial Statements - continued
for the Period 21 September 2023 to 30 September 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 295,147
At 30 September 2024 295,147
NET BOOK VALUE
At 30 September 2024 295,147

Included with Investment Property is a property shown at cost of £295,147 It was considered that the open
market value of the property would not have changed materially by the year end therefore the open market value
for the property has been left at £295,147.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 121,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 2,035
Trade creditors 66
Other creditors 262,762
264,863

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 193,962

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 185,277

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 195,997