Company Registration No. SC441925 (Scotland)
Baseline 360 Limited
Unaudited accounts
for the year ended 29 February 2024
Baseline 360 Limited
Unaudited accounts
Contents
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
Baseline 360 Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
2,557
41,881
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
Profit and loss account
(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
Baseline 360 Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2024
(1,856)
At 29 February 2024
(1,856)
Baseline 360 Limited
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Fixtures & fittings
6
Investments
Other investments
Valuation at 1 March 2023
10,000
Valuation at 29 February 2024
24,800
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
725
725
Loans from directors
1,681
10,729
9
Creditors: amounts falling due after more than one year
2024
2023
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.
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).