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Registered number: 09590969
3242 Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
3242 Investments Ltd
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
3242 Investments Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 09590969
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,795 6,732
Investment Properties 5 1,702,849 1,713,000
1,707,644 1,719,732
CURRENT ASSETS
Stocks 6 105,784 105,784
Debtors 7 66,232 -
Cash at bank and in hand 8,368 4,010
180,384 109,794
Creditors: Amounts Falling Due Within One Year 8 (344,894 ) (280,002 )
NET CURRENT ASSETS (LIABILITIES) (164,510 ) (170,208 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,543,134 1,549,524
Creditors: Amounts Falling Due After More Than One Year 9 (911,400 ) (904,200 )
NET ASSETS 631,734 645,324
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 631,634 645,224
SHAREHOLDERS' FUNDS 631,734 645,324
Page 1
Page 2
3242 Investments Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 23 December 2025 and were signed on its behalf by:
Mr Stuart Oldroyd
Director
23/12/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
3242 Investments Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
3242 Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09590969 . The registered office is Unit 7, Vulcan House, Restmor Way, Wallington, SM6 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for land provided in the normal course of business, and is shown net of VAT.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of land is recognised when the significant risks and rewards of ownership of the land has passed to the buyer and the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures & Fittings 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.6. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
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3242 Investments Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Leasing and Hire Purchase Contracts
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2.8. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.9. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.10. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
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3242 Investments Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.11. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with
in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.12. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 7,747
As at 31 March 2025 7,747
Depreciation
As at 1 April 2024 1,015
Provided during the period 1,937
As at 31 March 2025 2,952
Net Book Value
As at 31 March 2025 4,795
As at 1 April 2024 6,732
Page 5
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3242 Investments Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 1,713,000
Additions (10,151 )
As at 31 March 2025 1,702,849
Investment property comprises a residential flat held for it's appreciation in value and to receive rental income. The fair value of the investment property has been arrived by the director and was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6. Stocks
2025 2024
£ £
Stock 105,784 105,784
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 66,232 -
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 2,152
Bank loans and overdrafts 146,919 -
Other creditors 10,396 63,169
Taxation and social security 187,579 214,681
344,894 280,002
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 911,400 904,200
The Mortgage is secured with a fixed charge over the investment property held by the company.
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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3242 Investments Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
11. Related Party Transactions
At the year end the company owed £5,500 (2024: £5,500) to Crosby Land and Estates Limited, a company in which S Oldroyd is a director and shareholder. No interest was paid on this amount.
At the year end the company owed £1,500 (2024: £1,500) to Gunning Road Thurrock Limited, a company in which S Oldroyd is a director and shareholder. No interest was paid on this amount.
At the year end the company owed £1,000 (2024: £1,000) to Bilton Land Limited, a company in which S Oldroyd is a director and shareholder. No interest was paid on this amount.
At the year end the company owed £15,000 (2024: £10,000) to The Incidental Land Company Limited, a company in which S Oldroyd is a director and shareholder. No interest was paid on this amount.
At the year end the company owed £66231 (2024: was owed £43,119) from SDO Holdings Limited, a company in which S Oldroyd is a director and shareholder. No interest was charged on this amount.
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