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Company Registration No. SC441925 (Scotland)
Baseline 360 Limited Unaudited accounts for the year ended 29 February 2024
Baseline 360 Limited Unaudited accounts Contents
Page
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Baseline 360 Limited Company Information for the year ended 29 February 2024
Directors
Mr. Chimezie Umeh Mr. Marcel Chibuzor Azubuike Dr. Jude Eze Mr. Alexander Izuchukwu Ibe Mr. Chukwuemeka Victor Onyekwere
Company Number
SC441925 (Scotland)
Registered Office
272 Bath Street, Glasgow G2 4JR Scotland
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Baseline 360 Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
752 
917 
Investments
24,800 
10,000 
25,552 
10,917 
Current assets
Debtors
2,900 
2,900 
Cash at bank and in hand
2,557 
41,881 
5,457 
44,781 
Creditors: amounts falling due within one year
(3,095)
(13,092)
Net current assets
2,362 
31,689 
Total assets less current liabilities
27,914 
42,606 
Creditors: amounts falling due after more than one year
(28,060)
(37,577)
Net (liabilities)/assets
(146)
5,029 
Reserves
Profit and loss account
(146)
5,029 
Members' funds
(146)
5,029 
For the year ending 29 February 2024 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 20 November 2024 and were signed on its behalf by
Mr. Alexander Izuchukwu Ibe Director Company Registration No. SC441925
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Baseline 360 Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Baseline 360 Limited is a private company, limited by guarantee, registered in Scotland, registration number SC441925. The registered office is 272 Bath Street,, Glasgow, G2 4JR, Scotland.
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.
3
Accounting policies
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
18%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
(1,856)
At 29 February 2024
(1,856)
Amortisation
At 1 March 2023
(1,856)
At 29 February 2024
(1,856)
Net book value
At 29 February 2024
- 
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Baseline 360 Limited Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
5,332 
At 29 February 2024
5,332 
Depreciation
At 1 March 2023
4,415 
Charge for the year
165 
At 29 February 2024
4,580 
Net book value
At 29 February 2024
752 
At 28 February 2023
917 
6
Investments
Other investments 
£ 
Valuation at 1 March 2023
10,000 
Additions
14,800 
Valuation at 29 February 2024
24,800 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,900 
2,900 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
46 
1,098 
Taxes and social security
725 
725 
Loans from directors
1,681 
10,729 
Accruals
643 
540 
3,095 
13,092 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,060 
37,577 
10
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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Baseline 360 Limited Notes to the Accounts for the year ended 29 February 2024
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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