03661074falsebuilding and civil engineers and property developers. The company also let properties out during the year2023-09-012024-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-09-012024-08-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-08-31http://www.companieshouse.gov.uk/cd:Director12023-09-012024-08-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-08-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-08-31http://www.companieshouse.gov.uk/cd:Director22023-09-012024-08-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-08-31http://www.companieshouse.gov.uk/cd:Director32023-09-012024-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-09-012024-08-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-09-012024-08-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-09-012024-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-08-31http://www.companieshouse.gov.uk/2023-09-012024-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:FRS1022023-09-012024-08-31http://www.companieshouse.gov.uk/2024-08-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-09-012024-08-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-09-012024-08-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03661074

Bassetform Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Bassetform Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
DIRECTORS
Mr John Patrick McGowan
Mr Joseph Andrew McGowan
Mr Patrick McGowan
SECRETARY
Mr Joseph Andrew McGowan
REGISTERED OFFICE
31-32 High Street
Wellingborough
Northants
NN8 4HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03661074
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Bassetform Limited

ACCOUNTS
FOR THEYEARENDED31/08/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Bassetform Limited

BALANCE SHEET AT 31/08/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,420,4491,425,673
CURRENT ASSETS
Debtors520,58120,380
Cash at bank and in hand393,567423,175
414,148443,555
CREDITORS: Amounts falling due within one year616,42416,051
NET CURRENT ASSETS397,724427,504
TOTAL ASSETS LESS CURRENT LIABILITIES1,818,1731,853,177
CREDITORS: Amounts falling due after more than one year7363,440433,331
PROVISIONS FOR LIABILITIES AND CHARGES9133,901134,823
NET ASSETS1,320,8321,285,023
CAPITAL AND RESERVES
Called up share capital10100100
Revaluation reserve1d,11659,577659,577
Profit and loss account661,155625,346
SHAREHOLDERS' FUNDS1,320,8321,285,023

Bassetform Limited

BALANCE SHEET AT 31/08/2024
For the year ending 31/08/2024 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/03/2025 and signed on their behalf by
.............................
Mr John Patrick McGowan
Director
.............................
Mr Joseph Andrew McGowan
Director
.............................
Mr Patrick McGowan
Director

Bassetform Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20242023
No.No.
Average number of employees--

Bassetform Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/09/202381,02524,798105,823
At 31/08/202481,02524,798105,823
Depreciation
At 01/09/202369,76520,38590,150
For the year3,7531,4715,224
At 31/08/202473,51821,85695,374
Net Book Amounts
At 31/08/20247,5072,94210,449
At 31/08/202311,2604,41315,673
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/09/20231,410,0001,410,000
At 31/08/20241,410,0001,410,000
The eight investment properties, held by the Company, were valued at open market value at the 31st August 2024, by a director of the Company. Open market value was considered to be the fair value of these properties.
5. DEBTORS 20242023
££
Amounts falling due within one year
VAT-121
Amounts due from group companies1,096952
Prepayments2,5282,247
Directors current account4,1527,343
Directors current account7,6152,425
Directors current account5,1907,292
20,58120,380

Bassetform Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,177-
Other tax2,0012,000
Bank Loan10,3529,046
Trade creditors1,5463,710
Accruals1,3481,295
16,42416,051
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr111,663121,554
Loans >1yr251,777311,777
363,440433,331
8. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured122,015130,600
The secured bank loans owed by the Company, within one year, as at the 31st August 2024 were £10,352 (2023: £9,046). The secured bank loans owed by the Company, after one year, as at the 31st August 2024 were £111,663 (2023: £121,554). Lloyds Bank has a first legal
9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation133,901134,823
133,901134,823

Bassetform Limited

10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
11. REVALUATION RESERVE 20242023
££
Revaluation reserve659,577659,577
659,577659,577
12. RELATED PARTY TRANSACTIONS
There was an intercompany loan owed by Kildun Construction Ltd as at the 31st August 2024 of £1,096 (2023: £952).
All intercompany loans have no fixed terms of repayment and are repayable on demand.