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REGISTERED NUMBER: 02693141 (England and Wales)












BASISHELP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BASISHELP LIMITED (REGISTERED NUMBER: 02693141)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BASISHELP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: B Anderson
A Rose





SECRETARY: B Anderson





REGISTERED OFFICE: 26 The Dean
Alresford
Hampshire
SO24 9AZ





REGISTERED NUMBER: 02693141 (England and Wales)

BASISHELP LIMITED (REGISTERED NUMBER: 02693141)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 24 30
Investments 5 101,291 123,477
Investment property 6 1,750,000 1,017,000
1,851,315 1,140,507

CURRENT ASSETS
Debtors 7 537 523
Cash at bank 23,135 21,192
23,672 21,715
CREDITORS
Amounts falling due within one year 8 (139,037 ) (157,187 )
NET CURRENT LIABILITIES (115,365 ) (135,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,735,950

1,005,035

PROVISIONS FOR LIABILITIES 9 (301,323 ) (187,132 )
NET ASSETS 1,434,627 817,903

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Non-distributable reserves 1,174,999 561,397
Retained earnings 257,628 254,506
SHAREHOLDERS' FUNDS 1,434,627 817,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BASISHELP LIMITED (REGISTERED NUMBER: 02693141)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




B Anderson - Director



A Rose - Director


BASISHELP LIMITED (REGISTERED NUMBER: 02693141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Basishelp 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 FRS 102 "The Financial Reporting Standards 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 £1.

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.

Turnover
Turnover represents rents received.

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.
Fixtures and fittings - 20% Reducing balance

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 recognised in the income statement.

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.

Other investments are valued on an open market basis.

BASISHELP LIMITED (REGISTERED NUMBER: 02693141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 assets
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables 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 financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - NIL).

BASISHELP LIMITED (REGISTERED NUMBER: 02693141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 696
DEPRECIATION
At 1 April 2022 666
Charge for year 6
At 31 March 2023 672
NET BOOK VALUE
At 31 March 2023 24
At 31 March 2022 30

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Other investments not loans 101,291 123,477

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 April 2022 122,380
Disposals (16,408 )
Revaluations (5,205 )
At 31 March 2023 100,767
NET BOOK VALUE
At 31 March 2023 100,767
At 31 March 2022 122,380


Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
RL360 Cash account 524 1,097

BASISHELP LIMITED (REGISTERED NUMBER: 02693141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,017,000
Revaluations 733,000
At 31 March 2023 1,750,000
NET BOOK VALUE
At 31 March 2023 1,750,000
At 31 March 2022 1,017,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 733,000
Valuation in 2015 716,140
Cost 300,860
1,750,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 300,860 300,860

Investment property was valued on an open market basis on 31 March 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 537 523

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 409 638
Taxation and social security 3,740 3,329
Other creditors 134,888 153,220
139,037 157,187

BASISHELP LIMITED (REGISTERED NUMBER: 02693141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 301,323 187,132

Deferred
tax
£   
Balance at 1 April 2022 187,132
Provided during year 114,191
Balance at 31 March 2023 301,323

The deferred tax balance above comprises £294,527 relating to investment properties and £6,796 relating to other investments.