Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsetruefalseThe principal activity of the company was that of property development.2022-04-0111The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10489980 2022-04-01 2023-03-31 10489980 2021-04-01 2022-03-31 10489980 2023-03-31 10489980 2022-03-31 10489980 c:Director1 2022-04-01 2023-03-31 10489980 d:CurrentFinancialInstruments 2023-03-31 10489980 d:CurrentFinancialInstruments 2022-03-31 10489980 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10489980 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10489980 d:ShareCapital 2023-03-31 10489980 d:ShareCapital 2022-03-31 10489980 d:RetainedEarningsAccumulatedLosses 2023-03-31 10489980 d:RetainedEarningsAccumulatedLosses 2022-03-31 10489980 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 10489980 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 10489980 c:FRS102 2022-04-01 2023-03-31 10489980 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10489980 c:FullAccounts 2022-04-01 2023-03-31 10489980 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10489980 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10489980









BASE GREEN HOLDINGS 2 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BASE GREEN HOLDINGS 2 LIMITED
REGISTERED NUMBER: 10489980

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
-
434,269

Debtors: amounts falling due within one year
 4 
-
1,251

Cash at bank and in hand
 5 
1,575,191
782

  
1,575,191
436,302

Creditors: amounts falling due within one year
 6 
(586,052)
(447,307)

Net current assets/(liabilities)
  
 
 
989,139
 
 
(11,005)

Total assets less current liabilities
  
989,139
(11,005)

  

Net assets/(liabilities)
  
989,139
(11,005)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
989,138
(11,006)

  
989,139
(11,005)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 November 2023.

Peter Hibbert
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
BASE GREEN HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Base Green Holdings 2 Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 7 Goldhawk Mews, London W12 8PA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director expects there to be sufficient financial resources to support the company for the foreseeable future, accordingly the accounts have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
BASE GREEN HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to
Page 3

 
BASE GREEN HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 4

 
BASE GREEN HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
-
1,251

-
1,251



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,575,191
782

1,575,191
782



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
9,261

Corporation tax
232,020
-

Other creditors
344,532
433,746

Accruals and deferred income
9,500
4,300

586,052
447,307



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,575,191
782



Page 5

 
BASE GREEN HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Related party transactions

Included within other creditors is £213,038 (2022: £367,904) due to companies under common control. Also included in other creditors is £131,494 (2022: £33,742) due to the director. Both amounts are interest free and there are no formal terms or conditions for repayment.

 
Page 6