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Company Registration No. 13876709 (England and Wales)
SL 38 LTD Unaudited accounts for the year ended 31 December 2024
SL 38 LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
SL 38 LTD Company Information for the year ended 31 December 2024
Directors
Lucy Wai-Ling Li Simon Ming Li
Company Number
13876709 (England and Wales)
Registered Office
UNIT 2 BURLEY HOUSE ROWDITCH PLACE DERBY DE22 3LR ENGLAND
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SL 38 LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
30,827 
16,827 
Investment property
5
2,397,477 
1,496,691 
2,428,304 
1,513,518 
Current assets
Debtors
6
17,203 
337 
Cash at bank and in hand
44,682 
12,167 
61,885 
12,504 
Creditors: amounts falling due within one year
7
(522,396)
(619,580)
Net current liabilities
(460,511)
(607,076)
Total assets less current liabilities
1,967,793 
906,442 
Creditors: amounts falling due after more than one year
8
(1,788,958)
(893,464)
Net assets
178,835 
12,978 
Capital and reserves
Called up share capital
36 
36 
Revaluation reserve
253,759 
- 
Profit and loss account
(74,960)
12,942 
Shareholders' funds
178,835 
12,978 
For the year ending 31 December 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Simon Ming Li Director Company Registration No. 13876709
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SL 38 LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
SL 38 LTD is a private company, limited by shares, registered in England and Wales, registration number 13876709. The registered office is UNIT 2 BURLEY HOUSE, ROWDITCH PLACE, DERBY, DE22 3LR, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2024
16,827 
Additions
14,000 
At 31 December 2024
30,827 
Depreciation
At 31 December 2024
- 
Net book value
At 31 December 2024
30,827 
At 31 December 2023
16,827 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
1,496,691 
Additions
647,477 
Net gain from fair value adjustments
253,309 
At 31 December 2024
2,397,477 
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SL 38 LTD Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,152 
337 
Other debtors
3,051 
- 
17,203 
337 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
466,694 
502,669 
Loans from directors
54,421 
116,851 
Accruals
1,281 
60 
522,396 
619,580 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
1,788,958 
893,464 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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