Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalseThe principal activity of the company was that of property development.false2023-04-0111falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10489980 2023-04-01 2024-03-31 10489980 2022-04-01 2023-03-31 10489980 2024-03-31 10489980 2023-03-31 10489980 1 2023-04-01 2024-03-31 10489980 d:Director1 2023-04-01 2024-03-31 10489980 c:CurrentFinancialInstruments 2024-03-31 10489980 c:CurrentFinancialInstruments 2023-03-31 10489980 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 10489980 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 10489980 c:ShareCapital 2024-03-31 10489980 c:ShareCapital 2023-03-31 10489980 c:RetainedEarningsAccumulatedLosses 2024-03-31 10489980 c:RetainedEarningsAccumulatedLosses 2023-03-31 10489980 d:FRS102 2023-04-01 2024-03-31 10489980 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10489980 d:FullAccounts 2023-04-01 2024-03-31 10489980 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10489980 2 2023-04-01 2024-03-31 10489980 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10489980









BASE GREEN HOLDINGS 2 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BASE GREEN HOLDINGS 2 LIMITED
REGISTERED NUMBER: 10489980

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
1,277,242
1,575,191

  
1,277,242
1,575,191

Creditors: amounts falling due within one year
 5 
(280,412)
(586,052)

Net current assets
  
 
 
996,830
 
 
989,139

Total assets less current liabilities
  
996,830
989,139

  

Net assets
  
996,830
989,139


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
996,829
989,138

  
996,830
989,139


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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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 2 to 4 form part of these financial statements.

Page 1

 
BASE GREEN HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Base Green Holdings 2 Limited is a private company limited by shares and 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 there to be sufficient financial resources to support the company 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:

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 2

 
BASE GREEN HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,277,242
1,575,191

1,277,242
1,575,191



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
232,020

Other creditors
270,912
344,532

Accruals and deferred income
9,500
9,500

280,412
586,052



6.


Related party transactions

Included within other creditors is £177,038 (2023: £213,038) due to companies under common control. Also included in other creditors is £93,874 (2023: £131,494) due to the director. Both amounts are interest free and there are no formal terms or conditions for repayment.

Page 3

 
BASE GREEN HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Post balance sheet events

In June 2024, the company purchased a property from a fellow group company for £3,200,000 and also took over the related mortgage amounting to £2,054,312.

 
Page 4