Company Registration No. 14104123 (England and Wales)
Based Projects Limited
Unaudited accounts
for the period from 12 May 2022 to 31 May 2023
Based Projects Limited
Unaudited accounts
Contents
Based Projects Limited
Company Information
for the period from 12 May 2022 to 31 May 2023
Directors
Jackie Booth
Kirk Samuel Booth
Company Number
14104123 (England and Wales)
Registered Office
6 Falkland Avenue
Littlehampton
BN17 6AB
United Kingdom
Accountants
Collective Concepts Accounting Ltd
Based Projects Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
190,118
Creditors: amounts falling due within one year
(245,890)
Net current assets
244,468
Called up share capital
100
Revaluation reserve
23,316
Profit and loss account
373,328
Shareholders' funds
396,744
For the period ending 31 May 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.
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 6 February 2024 and were signed on its behalf by
Kirk Samuel Booth
Director
Company Registration No. 14104123
Based Projects Limited
Notes to the Accounts
for the period from 12 May 2022 to 31 May 2023
Based Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 14104123. The registered office is 6 Falkland Avenue, Littlehampton, BN17 6AB, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on Straight line method
Computer equipment
33% on Straight line method
The Company holds digital assets equal to the amount due to holders of digital securities solely for the purposes of meeting its obligations under the digital securities.
Digital assets are priced on a daily basis based on the amount of the digital assets held using the relevant quoted price, and is considered to be the fair value of the digital assets. Digital assets are included at cost less accumulated amortisation. Subsequent measurement is carried out using the revaluation model.
Based Projects Limited
Notes to the Accounts
for the period from 12 May 2022 to 31 May 2023
4
Intangible fixed assets
Other
Charge for the period
13,170
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
1,726
11,672
13,398
At 31 May 2023
1,726
11,672
13,398
Charge for the period
336
2,631
2,967
At 31 May 2023
336
2,631
2,967
At 31 May 2023
1,390
9,041
10,431
Amounts falling due after more than one year
Amounts due from group undertakings etc.
300,240
7
Creditors: amounts falling due within one year
2023
Taxes and social security
242,146
8
Average number of employees
During the period the average number of employees was 1.