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Registration number: 10627724

Basilikum Holdings Limited

Unaudited Balance Sheet

Period from 20 February 2017 to 31 March 2018

 

Basilikum Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4 to 6

 

Basilikum Holdings Limited

Company Information

Directors

H A Jones

S P J Matthews

M Veale

Registered office

10 Old Burlington Street
London
W1S 3AG

 

Basilikum Holdings Limited

(Registration number: 10627724)

Balance Sheet as at 31 March 2018

Note

2018
£

Current assets

 

Debtors

4

7,011

Cash at bank and in hand

 

2,734,138

 

2,741,149

Creditors: Amounts falling due after more than one year

5

(1,370,616)

Net assets

 

1,370,533

Capital and reserves

 

Called up share capital

1,370,717

Profit and loss account

(184)

Total equity

 

1,370,533

For the financial period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 9 November 2018 and signed on its behalf by:
 

.........................................

H A Jones

Director

 

Basilikum Holdings Limited

Statement of Changes in Equity

Period from 20 February 2017 to 31 March 2018

Share capital
£

Profit and loss account
£

Total
£

Loss for the period

-

(184)

(184)

Total comprehensive income

-

(184)

(184)

New share capital subscribed

1,370,717

-

1,370,717

At 31 March 2018

1,370,717

(184)

1,370,533

 

Basilikum Holdings Limited

Notes to the Financial Statements

Period from 20 February 2017 to 31 March 2018

1

General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
10 Old Burlington Street
London
W1S 3AG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £. The financial statements have been prepared under the historical cost convention.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

 

Basilikum Holdings Limited

Notes to the Financial Statements

Period from 20 February 2017 to 31 March 2018

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the period was 0.

4

Debtors

2018
£

Other debtors

7,011

7,011

5

Creditors

Note

2018
£

Due after one year

 

Loans and borrowings

6

1,370,616

 

Basilikum Holdings Limited

Notes to the Financial Statements

Period from 20 February 2017 to 31 March 2018

6

Loans and borrowings

2018
£

Non-current loans and borrowings

Other borrowings

1,370,616

Included in the loans and borrowings are the following amounts due after more than five years:

Borrowings due after five years

Other borrowings comprise loan notes which are unsecured, non-interest bearing and repayable at par on the redemption date. These loan notes are beneficially owned by a close family member of a director.