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Registered number: 14780912










Base Camp Hostels Limited








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 30 April 2024

 
Base Camp Hostels Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Base Camp Hostels Limited for the period ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Base Camp Hostels Limited for the period ended 30 April 2024 which comprise  the Balance sheet 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 https://www.icaew.com /regulation.

This report is made solely to the director of Base Camp Hostels Limited in accordance with the terms of our engagement letter dated 27 February 2024Our work has been undertaken solely to prepare for your approval the financial statements of Base Camp Hostels Limited and state those matters that we have agreed to state to the director of Base Camp Hostels Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Base Camp Hostels Limited and its director for our work or for this report. 

It is your duty to ensure that Base Camp Hostels 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 loss of Base Camp Hostels Limited. You consider that Base Camp Hostels Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Base Camp Hostels 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
2nd Floor
168 Shoreditch High Street
London
E1 6RA
4 April 2025
Page 1

 
Base Camp Hostels Limited
Registered number: 14780912

Balance sheet
As at 30 April 2024

2024
Note
£

Fixed assets
  

Investments
 4 
230,000

  
230,000

Current assets
  

Debtors: amounts falling due within one year
 5 
225,401

  
225,401

Creditors: amounts falling due within one year
 6 
(9,056)

Net current assets
  
 
 
216,345

Total assets less current liabilities
  
446,345

  

Net assets
  
446,345


Capital and reserves
  

Called up share capital 
  
470,000

Profit and loss account
  
(23,655)

  
446,345


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 period 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 profit and loss account 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 4 April 2025.




Rowern Wong
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
Base Camp Hostels Limited
 

 
Notes to the financial statements
For the period ended 30 April 2024

1.


General information

The principal activity of the company is that of development of hostels for leisure purposes.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

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.

 
2.4

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 period was 2.

Page 3

 
Base Camp Hostels Limited
 

 
Notes to the financial statements
For the period ended 30 April 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
230,000



At 30 April 2024
230,000





5.


Debtors

2024
£


Amounts owed by group undertakings
225,000

Other debtors
401

225,401



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
1,020

Other taxation and social security
2,272

Other creditors
4,264

Accruals and deferred income
1,500

9,056



7.


Related party transactions

During the period, Base Camp Hostels Limited loaned Base Camp Snowdonia Limited,  a subsidiary company, a net amount of £225,000 held within Debtors. This amount was still outstanding at the period end.


8.


Controlling party

There is no ultimate controlling party.

Page 4