REGISTERED NUMBER: 15152433 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

COMPANY38 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

10,186

5,506

Investment property

5

613,891

295,147

624,077

300,653

CURRENT ASSETS

Debtors

6

70,898

121,893

Cash at bank

-

20,706

70,898

142,599

CREDITORS

Amounts falling due within one year

7

339,649

264,863

NET CURRENT LIABILITIES

(268,751

)

(122,264

)

TOTAL ASSETS LESS CURRENT LIABILITIES

355,326

178,389

CREDITORS

Amounts falling due after more than one year

8

396,482

193,962

NET LIABILITIES

(41,156

)

(15,573

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(41,157

)

(15,574

)

(41,156

)

(15,573

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 12 June 2026 and were signed by:

S A Minns - Director

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 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.

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 year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2024

6,478

Additions

6,477

At 30 September 2025

12,955

DEPRECIATION

At 1 October 2024

972

Charge for year

1,797

At 30 September 2025

2,769

NET BOOK VALUE

At 30 September 2025

10,186

At 30 September 2024

5,506

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

295,147

Additions

318,744

At 30 September 2025

613,891

NET BOOK VALUE

At 30 September 2025

613,891

At 30 September 2024

295,147

Included with Investment Property are two properties shown at cost of £613,891. 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 £613,891.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Other debtors

70,898

121,893

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

4,151

2,035

Trade creditors

-

66

Other creditors

335,498

262,762

339,649

264,863

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

396,482

193,962

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

365,917

185,277

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

399,729

195,997