REGISTERED NUMBER: 10483357 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

CODEBREAK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M D E Bayntun

REGISTERED OFFICE:

146-148 Newington Butts

S L S

London

SE11 4RN

REGISTERED NUMBER:

10483357 (England and Wales)

ACCOUNTANTS:

Underwood Barron LLP

Monks Brook House

13 - 17 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

FIXED ASSETS

Investment property

4

130,588

385,000

CURRENT ASSETS

Debtors

5

31,434

47,660

Cash at bank

106,938

5,371

138,372

53,031

CREDITORS

Amounts falling due within one year

6

19,321

39,883

NET CURRENT ASSETS

119,051

13,148

TOTAL ASSETS LESS CURRENT LIABILITIES

249,639

398,148

CREDITORS

Amounts falling due after more than one year

7

-

96,101

NET ASSETS

249,639

302,047

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

(81,242

)

(51,624

)

Retained earnings

330,781

353,571

249,639

302,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 26th August 2026 and were signed by:

M D E Bayntun - Director

1.	STATUTORY INFORMATION

Codebreak Limited 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 as modified by the revaluation of certain assets.

Changes in accounting policies

The accounts have been prepared under the provisions of FRS102(1A) and hence the comparative balances have been restated.

There is no monetary effect on the accounts of this change in policy.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2024

385,000

Additions

5,588

Disposals

(260,000

)

At 30th November 2025

130,588

NET BOOK VALUE

At 30th November 2025

130,588

At 30th November 2024

385,000

Fair value at 30th November 2025 is represented by:

£

Valuation in 2019

66,641

Valuation in 2020

9,000

Valuation in 2021

40,070

Valuation in 2022

26,519

Valuation in 2023

(110,000

)

Valuation in 2024

(83,855

)

Valuation in 2025

(29,618

)

Cost

211,831

130,588

If the investment properties had not been revalued they would have been included at the following historical cost:

30.11.25

30.11.24

£

£

Cost

211,831

436,625

Aggregate depreciation

(92,861

)

(88,625

)

investment properties were valued on an open market basis basis on 30th November 2025 by the directors of the company .

5.

DEBTORS

30.11.25

30.11.24

£

£

Amounts falling due within one year:

Amounts owed by associates

110

110

Other debtors

732

940

842

1,050

Amounts falling due after more than one year:

Amounts owed by associates

30,592

46,610

Aggregate amounts

31,434

47,660

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

(1

)

900

Amounts owed to associates

-

5,327

Taxation and social security

16,572

22,194

Other creditors

2,750

11,462

19,321

39,883

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Amounts owed to associates

-

55,000

Other creditors

-

41,101

-

96,101

8.

RESERVES

Fair

value

reserve

£

At 1st December 2024

(51,624

)

Transfer between reserves

(29,618

)

At 30th November 2025

(81,242

)