Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-12-31No description of principal activity2024-01-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06663791 2024-01-01 2024-12-31 06663791 2023-01-01 2023-12-31 06663791 2024-12-31 06663791 2023-12-31 06663791 2023-01-01 06663791 c:Director2 2024-01-01 2024-12-31 06663791 d:PlantMachinery 2024-01-01 2024-12-31 06663791 d:MotorVehicles 2024-01-01 2024-12-31 06663791 d:MotorVehicles 2024-12-31 06663791 d:MotorVehicles 2023-12-31 06663791 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06663791 d:OfficeEquipment 2024-01-01 2024-12-31 06663791 d:OfficeEquipment 2024-12-31 06663791 d:OfficeEquipment 2023-12-31 06663791 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06663791 d:ComputerEquipment 2024-01-01 2024-12-31 06663791 d:ComputerEquipment 2024-12-31 06663791 d:ComputerEquipment 2023-12-31 06663791 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06663791 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06663791 d:Goodwill 2024-01-01 2024-12-31 06663791 d:CurrentFinancialInstruments 2024-12-31 06663791 d:CurrentFinancialInstruments 2023-12-31 06663791 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06663791 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06663791 d:ShareCapital 2024-01-01 2024-12-31 06663791 d:ShareCapital 2024-12-31 06663791 d:ShareCapital 2023-01-01 2023-12-31 06663791 d:ShareCapital 2023-12-31 06663791 d:ShareCapital 2023-01-01 06663791 d:SharePremium 2024-01-01 2024-12-31 06663791 d:SharePremium 2024-12-31 06663791 d:SharePremium 2023-01-01 2023-12-31 06663791 d:SharePremium 2023-12-31 06663791 d:SharePremium 2023-01-01 06663791 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 06663791 d:RetainedEarningsAccumulatedLosses 2024-12-31 06663791 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06663791 d:RetainedEarningsAccumulatedLosses 2023-12-31 06663791 d:RetainedEarningsAccumulatedLosses 2023-01-01 06663791 c:OrdinaryShareClass1 2024-01-01 2024-12-31 06663791 c:OrdinaryShareClass1 2024-12-31 06663791 c:OrdinaryShareClass1 2023-12-31 06663791 c:OrdinaryShareClass2 2024-01-01 2024-12-31 06663791 c:OrdinaryShareClass2 2024-12-31 06663791 c:OrdinaryShareClass2 2023-12-31 06663791 c:OrdinaryShareClass3 2024-01-01 2024-12-31 06663791 c:OrdinaryShareClass3 2024-12-31 06663791 c:OrdinaryShareClass3 2023-12-31 06663791 c:OrdinaryShareClass4 2024-01-01 2024-12-31 06663791 c:OrdinaryShareClass4 2024-12-31 06663791 c:OrdinaryShareClass4 2023-12-31 06663791 c:FRS102 2024-01-01 2024-12-31 06663791 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06663791 c:FullAccounts 2024-01-01 2024-12-31 06663791 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06663791 d:Subsidiary1 2024-01-01 2024-12-31 06663791 d:Subsidiary1 1 2024-01-01 2024-12-31 06663791 d:Subsidiary2 2024-01-01 2024-12-31 06663791 d:Subsidiary2 1 2024-01-01 2024-12-31 06663791 d:WithinOneYear 2024-12-31 06663791 d:WithinOneYear 2023-12-31 06663791 d:BetweenOneFiveYears 2024-12-31 06663791 d:BetweenOneFiveYears 2023-12-31 06663791 c:Consolidated 2024-12-31 06663791 c:ConsolidatedGroupCompanyAccounts 2024-01-01 2024-12-31 06663791 2 2024-01-01 2024-12-31 06663791 6 2024-01-01 2024-12-31 06663791 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06663791
















WE ARE BASE LTD


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

































WE ARE BASE LTD

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WE ARE BASE LTD
FOR THE YEAR ENDED 31 DECEMBER 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 We Are Base Ltd for the year ended 31 December 2024 which comprise the Consolidated statement of financial position, the Company statement of financial position, the Consolidated statement of changes in equity, the Company statement of changes in equity and the related notes from the Group'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 Board of directors of We Are Base Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of We Are Base Ltd and state those matters that we have agreed to state to the Board of directors of We Are Base Ltd, as a body, 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 We Are Base Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that We Are Base Ltd 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 profit of We Are Base Ltd. You consider that We Are Base Ltd is exempt from the statutory audit requirement for the year.

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

  




Bishop Fleming LLP
Chartered Accountants
10 Temple Back
Bristol
BS1 6FL
13 June 2025
Page 1


WE ARE BASE LTD
REGISTERED NUMBER:06663791

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
121
143

Tangible assets
 5 
59,724
58,007

  
59,845
58,150

Current assets
  

Debtors: amounts falling due within one year
 7 
560,673
686,124

Cash at bank and in hand
  
542,777
531,822

  
1,103,450
1,217,946

Creditors: amounts falling due within one year
 8 
(603,391)
(667,118)

Net current assets
  
 
 
500,059
 
 
550,828

Total assets less current liabilities
  
559,904
608,978

Deferred tax
  
(3,514)
(6,506)

  
 
 
(3,514)
 
 
(6,506)

Net assets
  
556,390
602,472


Capital and reserves
  

Called up share capital 
 9 
1
1

Share premium account
  
648
101

Profit and loss account
  
555,741
602,370

Equity attributable to owners of the parent Company
  
556,390
602,472

  
556,390
602,472


Page 2


WE ARE BASE LTD
REGISTERED NUMBER:06663791
    
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider 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 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.

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 consolidated statement of comprehensive income 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 by: 




Mr Andrew Brown
Director

Date: 13 June 2025

The notes on pages 8 to 17 form part of these financial statements.

Page 3


WE ARE BASE LTD
REGISTERED NUMBER:06663791

COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
36,853
49,433

Investments
 6 
100
100

  
36,953
49,533

Current assets
  

Debtors: amounts falling due within one year
 7 
66,442
248,610

Cash at bank and in hand
  
480,210
173,590

  
546,652
422,200

Creditors: amounts falling due within one year
 8 
(562,914)
(341,383)

Net current (liabilities)/assets
  
 
 
(16,262)
 
 
80,817

Total assets less current liabilities
  
20,691
130,350

  

Provisions for liabilities
  

Deferred tax
  
(3,514)
(6,506)

  
 
 
(3,514)
 
 
(6,506)

Net assets
  
17,177
123,844


Capital and reserves
  

Called up share capital 
 9 
1
1

Share premium account
  
648
101

Profit and loss account brought forward
  
123,742
182,672

Profit/(loss) for the year
  
11,755
(6,468)

Other changes in the profit and loss account

  

(118,969)
(52,462)

Profit and loss account carried forward
  
16,528
123,742

  
17,177
123,844


Page 4


WE ARE BASE LTD
REGISTERED NUMBER:06663791
    
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from the requirement to have an audit under the provisions of 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 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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated statement of comprehensive income 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 by: 





Mr Andrew Brown
Director

Date: 13 June 2025

The notes on pages 8 to 17 form part of these financial statements.

Page 5


WE ARE BASE LTD


CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Equity attributable to owners of parent Company
Total equity

£
£
£
£
£


At 1 January 2023
1
40
618,159
618,200
618,200


Comprehensive income for the year

Profit for the year
-
-
36,673
36,673
36,673
Total comprehensive income for the year
-
-
36,673
36,673
36,673


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(52,467)
(52,467)
(52,467)

Purchase of own shares
-
-
5
5
5

Shares issued during the year
-
77
-
77
77

Shares redeemed during the year
-
(16)
-
(16)
(16)


Total transactions with owners
-
61
(52,462)
(52,401)
(52,401)



At 1 January 2024
1
101
602,370
602,472
602,472


Comprehensive income for the year

Profit for the year
-
-
72,340
72,340
72,340
Total comprehensive income for the year
-
-
72,340
72,340
72,340


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(118,969)
(118,969)
(118,969)

Shares issued during the year
-
613
-
613
613

Shares redeemed during the year
-
(66)
-
(66)
(66)


Total transactions with owners
-
547
(118,969)
(118,422)
(118,422)


At 31 December 2024
1
648
555,741
556,390
556,390


The notes on pages 8 to 17 form part of these financial statements.

Page 6


WE ARE BASE LTD


COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023
1
40
182,672
182,713


Comprehensive income for the year

Loss for the year
-
-
(6,468)
(6,468)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(52,467)
(52,467)

Purchase of own shares
-
-
5
5

Shares issued during the year
-
77
-
77

Shares redeemed during the year
-
(16)
-
(16)


Total transactions with owners
-
61
(52,462)
(52,401)



At 1 January 2024
1
101
123,742
123,844


Comprehensive income for the year

Profit for the year
-
-
11,755
11,755


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(118,969)
(118,969)

Shares issued during the year
-
613
-
613

Shares redeemed during the year
-
(66)
-
(66)


Total transactions with owners
-
547
(118,969)
(118,422)


At 31 December 2024
1
648
16,528
17,177


The notes on pages 8 to 17 form part of these financial statements.

Page 7


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

We Are Base Ltd is a private company, limited by shares and registered in England and Wales. 
Its registered number is 06663791.
Its registered office is The Echo Building C/O This Workspace, 18 Albert Road, Bournemouth, England, BH1 1BZ.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The consolidated 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 Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

 
2.2

BASIS OF CONSOLIDATION

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

 
2.3

GOING CONCERN

At the balance sheet date the Group had net assets of £556,390. The directors have considered the ability to continue as a going concern and believe this to be an appropriate basis on which to prepare accounts.

Page 8


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.5

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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.

 
2.6

OPERATING LEASES: THE GROUP AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.7

INTEREST INCOME

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

 
2.8

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Group in independently administered funds.

Page 9


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.10

INTANGIBLE ASSETS

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

OTHER INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 10


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.11
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
50%
reducing balance
Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

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.

 
2.14

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.

 
2.15

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 33 (2023: 32).

Page 11


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


INTANGIBLE ASSETS

Group





Goodwill

£



COST


At 1 January 2024
220



At 31 December 2024

220



AMORTISATION


At 1 January 2024
77


Charge for the year on owned assets
22



At 31 December 2024

99



NET BOOK VALUE



At 31 December 2024
121



At 31 December 2023
143

The Company does not hold any intangible assets



Page 12


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


TANGIBLE FIXED ASSETS

Group






Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 January 2024
19,026
3,185
15,692
103,936
141,839


Additions
24,778
-
-
3,808
28,586


Disposals
-
-
-
(8,526)
(8,526)



At 31 December 2024

43,804
3,185
15,692
99,218
161,899



DEPRECIATION


At 1 January 2024
10,452
1,959
12,669
58,752
83,832


Charge for the year on owned assets
10,481
613
756
11,324
23,174


Disposals
-
-
-
(4,831)
(4,831)



At 31 December 2024

20,933
2,572
13,425
65,245
102,175



NET BOOK VALUE



At 31 December 2024
22,871
613
2,267
33,973
59,724



At 31 December 2023
8,574
1,226
3,023
45,184
58,007

Page 13


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

           5.TANGIBLE FIXED ASSETS (CONTINUED)


Company






Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£

COST OR VALUATION


At 1 January 2024
3,185
15,692
100,124
119,001


Additions
-
-
3,808
3,808


Disposals
-
-
(8,526)
(8,526)



At 31 December 2024

3,185
15,692
95,406
114,283



DEPRECIATION


At 1 January 2024
1,959
12,669
54,940
69,568


Charge for the year on owned assets
613
756
11,324
12,693


Disposals
-
-
(4,831)
(4,831)



At 31 December 2024

2,572
13,425
61,433
77,430



NET BOOK VALUE



At 31 December 2024
613
2,267
33,973
36,853



At 31 December 2023
1,226
3,023
45,184
49,433






Page 14


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


FIXED ASSET INVESTMENTS

Company





Investments in subsidiary companies

£



COST OR VALUATION


At 1 January 2024
100



At 31 December 2024
100





SUBSIDIARY UNDERTAKINGS


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Passenger Technology Group Limited
Ordinary
100%
myTrip by Passenger Limited
Ordinary - indirect
100%


7.


DEBTORS

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£


Trade debtors
416,892
367,563
363
363

Amounts owed by group undertakings
-
-
958
62

Other debtors
10,855
14,848
10,836
14,824

Prepayments and accrued income
107,790
99,435
29,149
29,083

Tax recoverable
25,136
204,278
25,136
204,278

560,673
686,124
66,442
248,610


Page 15


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Trade creditors
41,291
33,703
18,849
25,289

Amounts owed to group undertakings
-
-
485,631
234,842

Other taxation and social security
181,128
181,764
38,191
46,674

Obligations under finance lease and hire purchase contracts
-
534
-
534

Other creditors
11,576
40,550
9,051
23,394

Accruals and deferred income
369,396
410,567
11,192
10,650

603,391
667,118
562,914
341,383


Obligations under finance leases are secured over the assets to which they relate.
Amounts owed to group undertakings are non interest bearing and have no fixed date for repayment. 


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



282 (2023: 282) Ordinary A shares of £0.0001 each
0.0282
0.0282
10,000 (2023: 10,000) Ordinary B shares of £0.0001 each
1.0000
1.0000
1,665 (2023: 1,665) Ordinary C shares of £0.0001 each
0.1665
0.1665
1,332 (2023: 1,332) Ordinary D shares of £0.0001 each
0.1332
0.1332

1.3279

1.3279



10.


PENSION COMMITMENTS

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. Contributions totalling £2,042 (2023 - £14,750) were payable to the fund at the reporting date and are included in creditors.

Page 16


WE ARE BASE LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


COMMITMENTS UNDER OPERATING LEASES

At 31 December 2024 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:


Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Not later than 1 year
22,668
78,435
-
78,435

Later than 1 year and not later than 5 years
32,991
13,213
-
13,213

55,659
91,648
-
91,648


12.


RELATED PARTY TRANSACTIONS

During the year dividends totalling £28,768 (2023 - £22,824) were paid to the directors of the Group. At the year end the directors of the Group owed £Nil (2023 - £Nil) to the company. This balance is interest free and there is no fixed date for repayment.

 
Page 17