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Company Registration No. 11254024 (England and Wales)
Base MNS Limited Unaudited accounts for the year ended 31 March 2023
Base MNS Limited Unaudited accounts Contents
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Base MNS Limited Company Information for the year ended 31 March 2023
Directors
Sarah Breindel Schlesinger Moshe Uri Schlesinger
Company Number
11254024 (England and Wales)
Registered Office
86 Hillside Road London N15 6NB England
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Base MNS Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
687,642 
687,306 
Current assets
Debtors
40,837 
34,441 
Cash at bank and in hand
5,106 
44,524 
45,943 
78,965 
Creditors: amounts falling due within one year
(217,314)
(244,503)
Net current liabilities
(171,371)
(165,538)
Total assets less current liabilities
516,271 
521,768 
Creditors: amounts falling due after more than one year
(454,303)
(453,904)
Provisions for liabilities
Deferred tax
(15,898)
(15,898)
Net assets
46,070 
51,966 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
45,970 
51,866 
Shareholders' funds
46,070 
51,966 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by
Moshe Uri Schlesinger Director Company Registration No. 11254024
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Base MNS Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Base MNS Limited is a private company, limited by shares, registered in England and Wales, registration number 11254024. The registered office is 86 Hillside Road, London, N15 6NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Transactions with related parties
Included within debtors are amounts aggregating to £9,038 (2022: £4,341) due from companies with a director in common with this company.
5
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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