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REGISTERED NUMBER: 06970183 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2023

FOR

BASE HOMES LIMITED

BASE HOMES LIMITED (REGISTERED NUMBER: 06970183)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BASE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 NOVEMBER 2023







DIRECTORS: G F Wieland
Mrs L Wieland





SECRETARY: G F Wieland





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 06970183 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

BASE HOMES LIMITED (REGISTERED NUMBER: 06970183)

BALANCE SHEET
29 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,931 19,914
Investment property 5 17,225,984 16,681,949
17,241,915 16,701,863

CURRENT ASSETS
Debtors 6 631 824
Cash at bank 259,126 476,786
259,757 477,610
CREDITORS
Amounts falling due within one year 7 28,978 88,382
NET CURRENT ASSETS 230,779 389,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,472,694

17,091,091

CREDITORS
Amounts falling due after more than one
year

8

(7,620,492

)

(7,618,697

)

PROVISIONS FOR LIABILITIES (324,040 ) (229,000 )
NET ASSETS 9,528,162 9,243,394

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 7,823,810 7,823,810
Fair value reserve 10 972,121 687,000
Retained earnings 732,131 732,484
SHAREHOLDERS' FUNDS 9,528,162 9,243,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 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.

BASE HOMES LIMITED (REGISTERED NUMBER: 06970183)

BALANCE SHEET - continued
29 NOVEMBER 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 18 April 2024 and were signed on its behalf by:





G F Wieland - Director


BASE HOMES LIMITED (REGISTERED NUMBER: 06970183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

1. STATUTORY INFORMATION

Base Homes 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.

Turnover
Turnover represents rents and ancillary services received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

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 2 (2022 - 2 ) .

BASE HOMES LIMITED (REGISTERED NUMBER: 06970183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 30 November 2022
and 29 November 2023 40,000 6,896 46,896
DEPRECIATION
At 30 November 2022 23,616 3,366 26,982
Charge for year 3,277 706 3,983
At 29 November 2023 26,893 4,072 30,965
NET BOOK VALUE
At 29 November 2023 13,107 2,824 15,931
At 29 November 2022 16,384 3,530 19,914

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 November 2022 16,681,949
Additions 163,874
Revaluations 380,161
At 29 November 2023 17,225,984
NET BOOK VALUE
At 29 November 2023 17,225,984
At 29 November 2022 16,681,949

Fair value at 29 November 2023 is represented by:
£   
Valuation in 2020 303,373
Valuation in 2021 297,627
Valuation in 2022 315,000
Valuation in 2023 380,161
Cost 15,929,823
17,225,984

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 631 824

BASE HOMES LIMITED (REGISTERED NUMBER: 06970183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 12,076 60,737
Directors' current accounts 2,501 10,377
Deferred income 8,151 11,018
Accrued expenses 6,250 6,250
28,978 88,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgages 7,330,302 7,328,507
Directors' loan accounts 290,190 290,190
7,620,492 7,618,697

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 7,330,302 7,328,507

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 7,330,302 7,328,507

The mortgages are secured on the properties to which they relate.

10. RESERVES
Fair
value
reserve
£   
At 30 November 2022 687,000
Revaluation 380,161
Deferred tax (95,040 )

At 29 November 2023 972,121