Company registration number 13651307 (England and Wales)
NEW BASKERVILLE HOUSE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
NEW BASKERVILLE HOUSE LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
NEW BASKERVILLE HOUSE LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
200,000
40,000
Current assets
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
(33,087)
(45,318)
Net current liabilities
(33,086)
(45,317)
Total assets less current liabilities
166,914
(5,317)
Provisions for liabilities
(39,192)
Net assets/(liabilities)
127,722
(5,317)
Capital and reserves
Called up share capital
4
1
1
Revaluation reserve
5
117,574
Profit and loss reserves
10,147
(5,318)
Total equity
127,722
(5,317)
NEW BASKERVILLE HOUSE LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 May 2025 and are signed on its behalf by:
Mr H Kaveh Baghbadrani
Director
Company registration number 13651307 (England and Wales)
NEW BASKERVILLE HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information
New Baskerville House Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 251-253 Wells Road, Malvern Wells, Malvern, Worcestershire, WR14 4JF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The company had net current liabilities at the year end. The directors have considered the working capital needs of the company for a period of greater than twelve months from the date of approval of these financial statements. The directors conclude that they will be able to generate sufficient working capital funding through the support of themselves and other companies that one of them controls to enable this company to operate as a going concern. As a result the directors consider it appropriate to prepare these financial statements on the going concern basis of accounting.
1.3
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
NEW BASKERVILLE HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 September 2023
40,000
Additions
3,234
Revaluations
156,766
At 31 August 2024
200,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors at the balance sheet date. The original cost of the property was £43,234 and this has been adjusted to the fair value of £200,000.
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
5
Revaluation reserve
2024
2023
£
£
At the beginning of the year
Revaluation surplus arising in the year
117,574
At the end of the year
117,574
-
6
Related party transactions
Crystalight Limited
Company under common control
Crystalight Limited has advanced funds to the company to enable it to purchase and develop properties and for working capital. At the year end there was a balance owed to the related party of £29,892 (2023: £45,318), which is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.