| REGISTERED NUMBER: |
| 3638 Holdings Ltd |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| REGISTERED NUMBER: |
| 3638 Holdings Ltd |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| 3638 Holdings Ltd (Registered number: 00363180) |
| Contents of the Financial Statements |
| for the year ended 30 November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| 3638 Holdings Ltd |
| Company Information |
| for the year ended 30 November 2024 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| New Derwent House |
| 69-73 Theobalds Road |
| London |
| WC1X 8TA |
| Bankers: |
| 10 Station Approach |
| Ashford |
| Middlesex |
| TW15 2QW |
| 3638 Holdings Ltd (Registered number: 00363180) |
| Balance Sheet |
| 30 November 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Share premium | 9 |
| Retained earnings | 9 |
| Shareholders' funds |
| 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 were approved by the Board of Directors and authorised for issue on |
| 3638 Holdings Ltd (Registered number: 00363180) |
| Notes to the Financial Statements |
| for the year ended 30 November 2024 |
| 1. | Statutory information |
| 3638 Holdings Ltd is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provision of Section 102 1A "Small Entities of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis, under the historical cost convention. |
| The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest pound. |
| Going Concern |
| The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. |
| Following the sale of the trade within the business, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. The entity is now operating within commercial property rental. |
| Key sources of estimation uncertainty and judgements |
| Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments. There are no further significant judgements or estimates. |
| Turnover |
| Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. |
| Goodwill |
| Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives on the following bases: |
| Freehold Property | - | 2% straight line |
| L/Term Leasehold Property | - | 5% straight line |
| Plant & Machinery | - | 20% straight line |
| Fixtures & Fittings | - | 15% reducing balance |
| Motor Vehicles | - | 25% reducing balance |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3638 Holdings Ltd (Registered number: 00363180) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2024 |
| 2. | Accounting policies - continued |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank which are an integral part of the company's cash management. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. |
| An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| Operating leases |
| Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 December 2023 |
| Disposals | ( |
) |
| At 30 November 2024 |
| Amortisation |
| At 1 December 2023 |
| Eliminated on disposal | ( |
) |
| At 30 November 2024 |
| Net book value |
| At 30 November 2024 |
| At 30 November 2023 |
| During the year, the sale of the business trade generated sale proceeds of £720,000. |
| 3638 Holdings Ltd (Registered number: 00363180) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2024 |
| 5. | Tangible fixed assets |
| Freehold | Long | Plant and |
| property | leasehold | machinery |
| £ | £ | £ |
| Cost |
| At 1 December 2023 |
| Disposals | ( |
) |
| At 30 November 2024 |
| Depreciation |
| At 1 December 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 November 2024 |
| Net book value |
| At 30 November 2024 |
| At 30 November 2023 |
| Fixtures & | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 December 2023 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 November 2024 |
| Depreciation |
| At 1 December 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 November 2024 |
| Net book value |
| At 30 November 2024 |
| At 30 November 2023 |
| 6. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 3638 Holdings Ltd (Registered number: 00363180) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2024 |
| 7. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal value: | 2024 | 2023 |
| £ | £ |
| 25,001 | Ordinary A | £0.25 | 6,250 | 6,250 |
| 8,125 | Ordinary B | £0.25 | 2,031 | 2,031 |
| 19,999 | Ordinary C | £0.25 | 5,000 | 5,000 |
| 3,125 | Ordinary D | £0.25 | 781 | 781 |
| 6,250 | Ordinary E | £0.25 | 1,562 | 1,562 |
| 15,625 | 15,625 |
| All shares rank pari passu. |
| 9. | Reserves |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 December 2023 | 1,165,800 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30 November 2024 | 1,192,246 |
| 10. | Related party disclosures |
| The balance due to the directors from the company at year-end was £21,337 (2023: £21,337) |
| At the year-end the company owed £500 to related parties (2023: £500). |
| 11. | Controlling party |
| The company was under the control of Mr M Akroyd and Mr N Akroyd, who are both directors of the company, throughout the current and previous years. As at the year end Mr M Akroyd and Mr N Akroyd controlled a majority of the issued share capital. |