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REGISTERED NUMBER: 04128365 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

BASECOURT PROPERTIES LTD

BASECOURT PROPERTIES LTD (REGISTERED NUMBER: 04128365)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BASECOURT PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: V B Bhardwaj
U Bhardwaj



REGISTERED OFFICE: Rays House
North Circular Road
London
NW10 7XP



REGISTERED NUMBER: 04128365 (England and Wales)



BANKERS: HSBC Bank plc
Penman Way
Grove Park
Enderby, Leicester
LE19 1SY

BASECOURT PROPERTIES LTD (REGISTERED NUMBER: 04128365)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,242,602 1,242,602
Debtors 4 2,659 3,161
Cash at bank 42,236 6,538
1,287,497 1,252,301
CREDITORS
Amounts falling due within one year 5 16,982 46,132
NET CURRENT ASSETS 1,270,515 1,206,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,270,515

1,206,169

CREDITORS
Amounts falling due after more than one year 6 1,270,949 1,147,195
NET (LIABILITIES)/ASSETS (434 ) 58,974

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (534 ) 58,874
SHAREHOLDERS' FUNDS (434 ) 58,974

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 14th February 2024 and were signed on its behalf by:





U Bhardwaj - Director


BASECOURT PROPERTIES LTD (REGISTERED NUMBER: 04128365)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

Basecourt Properties Ltd 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Costs incurred in the development of properties are included in work in progress. Cost represents the purchase of land, materials and development services including finance costs.

Rental income
Rental income includes ground rent and rent from temporary letting pending sale of apartments, is recognised on a straight line basis over the term of the lease or rental agreement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,659 3,161

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 30,000
Trade creditors 128 9,125
Other creditors 16,854 7,007
16,982 46,132

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 685,000
Amounts owed to group undertakings 1,270,949 462,195
1,270,949 1,147,195

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans - 685,000

BASECOURT PROPERTIES LTD (REGISTERED NUMBER: 04128365)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 715,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

2023 2022
£    £   
Sunflag (UK) Limited Interest payable 68,754 25,645
fellow subsidiary undertaking
Balance at the year end:
Loan account payable 1,270,949 462,195

10. ULTIMATE CONTROLLING PARTY

The company was controlled by Bhardwaj family throughout the current and previous period.

The immediate and ultimate parent company is Jordelle Limited, which is registered in Jersey.