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Company Registration No. 07760167 (England & Wales)
Baseway Investments Ltd
Unaudited Accounts
for the year ended 30 September 2024
Baseway Investments Ltd
Statement of financial position
as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
50
66
Investment property
5
139,379
139,379
139,429
139,445
Current assets
Cash at bank and in hand
32,887
19,591
32,887
19,591
Creditors: amounts falling due within one year
6
(143,303)
(143,348)
Net current assets
(110,416)
(123,757)
Total assets less current liabilities
29,013
15,688
Net assets
29,013
15,688
Capital and reserves
Called up share capital
3
3
Profit and loss account
29,010
15,685
Shareholder funds
29,013
15,688
For the year ending 30 September 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 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 were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by .............................................................. Jatinder Singh Bassi Director Company Registration Number: 07760167
Baseway Investments Ltd
Notes to the Accounts
for the year ended 30 September 2024
1. Statutory information
Baseway Investments Ltd is a private company, limited by guarantee, registered in England & Wales, registration number 07760167. The registered office is 11 Parkway, Ilford, IG3 9HS.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
4. Tangible fixed assets
Plant &
Total
machinery
£
£
Cost or valuation
At cost
At 1 October 2023
650
650
At 30 September 2024
650
650
Depreciation
At 1 October 2023
584
584
Charge for the year
16
16
At 30 September 2024
600
600
Net book value
At 30 September 2024
50
50
At 30 September 2023
66
66
5. Investment property
2024
£
Fair value at 1 October 2023
139,379
Additions
-
Disposals
-
Net gain from fair value adjustments
-
Transfers from tangible fixed assets
-
At 30 September 2024
139,379
6. Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
3,129
3,173
Other creditors
-
2,749
Loans from directors
139,742
136,994
Accruals
432
432
143,303
143,348
Baseway Investments Ltd
Notes to the Accounts (cont.)
for the year ended 30 September 2024
7. Average number of employees
During the year the average number of employees was 0 (2023: 0).