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COMPANY REGISTRATION NUMBER: 07125539
Baschay Limited
Unaudited Financial Statements
31 August 2023
Baschay Limited
Financial Statements
Period from 1 August 2022 to 31 August 2023
Contents
Page
Directors' report
1
Income statement
2
Statement of financial position
3
Notes to the financial statements
4
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
6
Baschay Limited
Directors' Report
Period from 1 August 2022 to 31 August 2023
The directors present their report and the unaudited financial statements of the company for the period ended 31 August 2023 .
Directors
The directors who served the company during the period were as follows:
Mrs K Heer
Mr PG Busby
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 August 2024 and signed on behalf of the board by:
Mrs K Heer
Director
Registered office:
The Old Mill
9 Soar Lane
Leicester
LE3 5DE
Baschay Limited
Income Statement
Period from 1 August 2022 to 31 August 2023
Period from
1 Aug 22 to
Year to
31 Aug 23
31 Jul 22
Note
£
£
Administrative expenses
( 6,411)
8,894
-------
-------
Operating profit/(loss)
6,411
( 8,894)
-------
-------
Profit/(loss) before taxation
6,411
( 8,894)
Tax on profit/(loss)
-------
-------
Profit/(loss) for the financial period
6,411
( 8,894)
-------
-------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the period as set out above.
Baschay Limited
Statement of Financial Position
31 August 2023
31 Aug 23
31 Jul 22
Note
£
£
Current assets
Debtors
4
1,737,595
1,757,835
Cash at bank and in hand
382
2,517
------------
------------
1,737,977
1,760,352
Creditors: amounts falling due within one year
5
792,711
821,497
------------
------------
Net current assets
945,266
938,855
---------
---------
Total assets less current liabilities
945,266
938,855
---------
---------
Net assets
945,266
938,855
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
945,166
938,755
---------
---------
Shareholders funds
945,266
938,855
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
Mrs K Heer
Director
Company registration number: 07125539
Baschay Limited
Notes to the Financial Statements
Period from 1 August 2022 to 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Debtors
31 Aug 23
31 Jul 22
£
£
Other debtors
1,737,595
1,757,835
------------
------------
5. Creditors: amounts falling due within one year
31 Aug 23
31 Jul 22
£
£
Other creditors
792,711
821,497
---------
---------
6. Related party transactions
During the year the company provided a interest free loans totalling £1,737,595 (2022: £1,732,829) from related parties. The amount due is repayable on demand. During the year the company was provided with interest free loans of £789,211 (2022: £505,552) from a related party. The amount due is repayable on demand.
Baschay Limited
Management Information
Period from 1 August 2022 to 31 August 2023
The following pages do not form part of the financial statements.
Baschay Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Baschay Limited
Period from 1 August 2022 to 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baschay Limited for the period ended 31 August 2023, which comprise the income statement, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Baschay Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Baschay Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baschay Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Baschay Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baschay Limited. You consider that Baschay Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Baschay Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
VERSANT ASSOCIATES LLP Chartered accountants
The Old Mill, 9 Soar Lane Leicester LE3 5DE