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REGISTERED NUMBER: 14219327 (England and Wales)















Basbro Corporation Ltd

Unaudited Financial Statements

for the Period 6 July 2022 to 31 July 2023






Basbro Corporation Ltd (Registered number: 14219327)






Contents of the Financial Statements
for the Period 6 July 2022 to 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Basbro Corporation Ltd

Company Information
for the Period 6 July 2022 to 31 July 2023







DIRECTOR: Mrs D K Basi





REGISTERED OFFICE: 3-5 London Road
Rainham
Gillingham
ME8 7RG





BUSINESS ADDRESS: Clijon Farm
Whitehall Road
Meopham
Kent
DA13 0NY





REGISTERED NUMBER: 14219327 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Basbro Corporation Ltd (Registered number: 14219327)

Statement of Financial Position
31 July 2023

Notes £   
CURRENT ASSETS
Inventories 420,201
Debtors 4 10
Cash at bank and in hand 5,539
425,750
CREDITORS
Amounts falling due within one year 5 426,564
NET CURRENT LIABILITIES (814 )
TOTAL ASSETS LESS CURRENT LIABILITIES (814 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (914 )
(814 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 6 February 2024 and were signed by:





Mrs D K Basi - Director


Basbro Corporation Ltd (Registered number: 14219327)

Notes to the Financial Statements
for the Period 6 July 2022 to 31 July 2023

1. STATUTORY INFORMATION

Basbro Corporation 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

Taxation
Taxation for the period 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 10

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 425,965
Other creditors 599
426,564

Basbro Corporation Ltd (Registered number: 14219327)

Notes to the Financial Statements - continued
for the Period 6 July 2022 to 31 July 2023

6. ULTIMATE CONTROLLING PARTY

The parent undertaking is Basi Developments Limited registered at 5 London Road, Rainham, Gillingham, Kent ME8 7RG United Kingdom and trading from Clijon Farm, Whitehalll Road, Meopham, Kent DA13 0NY United Kingdom.