Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31true2023-11-01falseThe principal activity of the company was that of property development.11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09015806 2023-11-01 2024-10-31 09015806 2022-11-01 2023-10-31 09015806 2024-10-31 09015806 2023-10-31 09015806 c:Director1 2023-11-01 2024-10-31 09015806 d:OfficeEquipment 2023-11-01 2024-10-31 09015806 d:OfficeEquipment 2024-10-31 09015806 d:OfficeEquipment 2023-10-31 09015806 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09015806 d:CurrentFinancialInstruments 2024-10-31 09015806 d:CurrentFinancialInstruments 2023-10-31 09015806 d:Non-currentFinancialInstruments 2024-10-31 09015806 d:Non-currentFinancialInstruments 2023-10-31 09015806 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 09015806 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09015806 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 09015806 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09015806 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 09015806 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 09015806 d:ShareCapital 2024-10-31 09015806 d:ShareCapital 2023-10-31 09015806 d:RetainedEarningsAccumulatedLosses 2024-10-31 09015806 d:RetainedEarningsAccumulatedLosses 2023-10-31 09015806 c:FRS102 2023-11-01 2024-10-31 09015806 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09015806 c:FullAccounts 2023-11-01 2024-10-31 09015806 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09015806 6 2023-11-01 2024-10-31 09015806 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 09015806









BASE GREEN GIBSON'S YARD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
BASE GREEN GIBSON'S YARD LIMITED
REGISTERED NUMBER: 09015806

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
42
63

Investments
 5 
99
99

  
141
162

Current assets
  

Stocks
  
-
3,200,000

Debtors: amounts falling due within one year
 6 
56,702
35,200

Cash at bank and in hand
 7 
2,327
163,615

  
59,029
3,398,815

Creditors: amounts falling due within one year
 8 
(77,707)
(185,256)

Net current (liabilities)/assets
  
 
 
(18,678)
 
 
3,213,559

Total assets less current liabilities
  
(18,537)
3,213,721

Creditors: amounts falling due after more than one year
 9 
-
(2,054,312)

  

Net (liabilities)/assets
  
(18,537)
1,159,409


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(18,538)
1,159,408

  
(18,537)
1,159,409


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
BASE GREEN GIBSON'S YARD LIMITED
REGISTERED NUMBER: 09015806
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 November 2024.




Peter Hibbert
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BASE GREEN GIBSON'S YARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Base Green Gibson's Yard Limited is a private company limited by shares incorporated in England and Wales. the registered office is 7 Goldhawk Mews, London W12 8PA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director expects the company to have sufficient financial resources to continue for the foreseeable future accordingly the accounts have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BASE GREEN GIBSON'S YARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BASE GREEN GIBSON'S YARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2023
1,254



At 31 October 2024

1,254



Depreciation


At 1 November 2023
1,191


Charge for the year on owned assets
21



At 31 October 2024

1,212



Net book value



At 31 October 2024
42



At 31 October 2023
63

Page 5

 
BASE GREEN GIBSON'S YARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2023
99



At 31 October 2024
99







 


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
36,222
13,722

Other debtors
-
998

Prepayments and accrued income
20,480
20,480

56,702
35,200



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,327
163,615

2,327
163,615


Page 6

 
BASE GREEN GIBSON'S YARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
43,433
43,433

Other creditors
27,829
135,378

Accruals and deferred income
6,445
6,445

77,707
185,256



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
2,054,312

-
2,054,312



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
43,433
43,433


43,433
43,433



Amounts falling due after more than 5 years

Bank loans
-
2,054,312

-
2,054,312

43,433
2,097,745


Page 7

 
BASE GREEN GIBSON'S YARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Related party transactions

Included within other creditors is £2,771 (2023: £22,697) owed to companies controlled by the director. The loans are interest free and unsecured and there are no formal terms of repayment. Included within debtors is £36,222 (2023: £13,722) owed from a company controlled by the director. There are no formal terms and conditions in respect of this loan.
During the year the company sold its property to a fellow group company for £3,200,000 who also took over the related mortgage amounting to £2,054,312. Amounts written off from group company balance during the year end amounted to £1,145,688.

 
Page 8