First Base BCR Limited 09537409 true 2017-04-01 2018-03-31 2018-03-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.24.8820.0 Software true Mr Elliot Stephen Lipton Mr Paul Andrew Pollard 09537409 2017-04-01 2018-03-31 09537409 2018-03-31 09537409 bus:OrdinaryShareClass1 2018-03-31 09537409 core:ShareCapital 2018-03-31 09537409 core:CurrentFinancialInstruments core:WithinOneYear 2018-03-31 09537409 bus:FRS102 2017-04-01 2018-03-31 09537409 bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 09537409 bus:FullAccounts 2017-04-01 2018-03-31 09537409 bus:RegisteredOffice 2017-04-01 2018-03-31 09537409 bus:CompanySecretary1 2017-04-01 2018-03-31 09537409 bus:Director1 2017-04-01 2018-03-31 09537409 bus:OrdinaryShareClass1 2017-04-01 2018-03-31 09537409 bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 09537409 core:Associate1 2017-04-01 2018-03-31 09537409 core:ParentEntities 2017-04-01 2018-03-31 09537409 countries:England 2017-04-01 2018-03-31 09537409 core:CostValuation 2017-03-31 09537409 2017-03-31 09537409 bus:OrdinaryShareClass1 2017-03-31 09537409 core:ShareCapital 2017-03-31 09537409 core:CurrentFinancialInstruments core:WithinOneYear 2017-03-31 09537409 core:Associate1 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09537409

First Base BCR Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Merranti Accounting Limited
10 Scandia-Hus Business Pk
Felcourt Road
Felcourt
East Grinstead
West Sussex
RH19 2LP

 

First Base BCR Limited

(Registration number: 09537409)
Balance Sheet as at 31 March 2018

Note

2018
£

2017
£

Fixed assets

 

Investments

3

500,000

500,000

Creditors: Amounts falling due within one year

4

(499,999)

(499,999)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

5

1

1

Total equity

 

1

1

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

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

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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 22 October 2018
 

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

Mr Elliot Stephen Lipton
Director

 

First Base BCR Limited

Notes to the Financial Statements for the Year Ended 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:
40 Queen Anne Street
London
W1G 9EL

The principal place of business is:
33 Cavendish Square
London
W1G 0DT

These financial statements were authorised for issue by the director on 22 October 2018.

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

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investments

Investments are stated at cost less provision for any impairment.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

First Base BCR Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

3

Investments in subsidiaries, joint ventures and associates

2018
£

2017
£

Investments in associates

500,000

500,000

Associates

£

Cost

At 1 April 2017

500,000

Provision

Carrying amount

At 31 March 2018

500,000

At 31 March 2017

500,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2018

2017

Associates

First Base BCR LLP

England

Designated member

50%

50%

 

     

The principal activity of First Base BCR LLP is Property development.

 

4

Creditors

Note

2018
£

2017
£

Due within one year

 

Amounts due to related parties

6

499,999

499,999

5

Share capital

Allotted, called up and fully paid shares

 

2018

2017

 

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

         
 

First Base BCR Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

6

Related party transactions

Summary of transactions with parent

First Base Limited
During the year the company received a loan of £Nil (2017: £500,000) from First Base Limited. The loan is repayable upon demand and bears no interest. At the balance sheet date the amount due to First Base Limited was £499,999 (2017: £499,999).