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REGISTERED NUMBER: 09858921 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

My Base Investments Limited

My Base Investments Limited (Registered number: 09858921)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


My Base Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: S D Marsden
Mrs F Marsden





REGISTERED OFFICE: 6 Lichfield Street
Burton-On-Trent
Staffordshire
DE14 3RD





REGISTERED NUMBER: 09858921 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

My Base Investments Limited (Registered number: 09858921)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,414 1,278
Investment property 5 2,289,337 2,039,337
2,293,751 2,040,615

CURRENT ASSETS
Debtors 6 3,144 5,353
Cash at bank 5,463 14,331
8,607 19,684
CREDITORS
Amounts falling due within one year 7 121,099 158,115
NET CURRENT LIABILITIES (112,492 ) (138,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,181,259

1,902,184

CREDITORS
Amounts falling due after more than
one year

8

(825,989

)

(725,085

)

PROVISIONS FOR LIABILITIES (280,678 ) (231,673 )
NET ASSETS 1,074,592 945,426

My Base Investments Limited (Registered number: 09858921)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 871,529 727,825
Retained earnings 203,061 217,599
SHAREHOLDERS' FUNDS 1,074,592 945,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 5 August 2024 and were signed on its behalf by:





S D Marsden - Director


My Base Investments Limited (Registered number: 09858921)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

My Base Investments 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. The trading address is Bucneld, Bond End, Yoxall, Burton-On-Trent, Staffordshire, DE13 8NH.

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
Rental income is recognised as turnover in the financial statements at the fair value of the consideration received or receivable as and when it falls due.

Property development income is recognised as turnover in the financial statements at the fair value of consideration received or receivable on the date of legal completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.


My Base Investments Limited (Registered number: 09858921)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 3,233
Additions 4,456
At 30 November 2023 7,689
DEPRECIATION
At 1 December 2022 1,955
Charge for year 1,320
At 30 November 2023 3,275
NET BOOK VALUE
At 30 November 2023 4,414
At 30 November 2022 1,278

My Base Investments Limited (Registered number: 09858921)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 2,039,337
Additions 58,395
Revaluations 191,605
At 30 November 2023 2,289,337
NET BOOK VALUE
At 30 November 2023 2,289,337
At 30 November 2022 2,039,337

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2017 81,950
Valuation in 2018 180,917
Valuation in 2020 117,500
Valuation in 2021 (165,000 )
Valuation in 2022 172,500
Valuation in 2022 571,631
Valuation in 2023 191,605
Cost 1,138,234
2,289,337

If investment property had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 1,138,234 1,079,839

Investment property was valued on an open market basis on 30 November 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 2,375
Other debtors 3,144 2,978
3,144 5,353

My Base Investments Limited (Registered number: 09858921)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 19,165 23,333
Trade creditors 14 4,408
Taxation and social security 400 24,630
Other creditors 101,520 105,744
121,099 158,115

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 123,342 141,671
Other creditors 702,647 583,414
825,989 725,085