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REGISTERED NUMBER: 01249496 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Base Business Park Limited

Base Business Park Limited (Registered number: 01249496)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Base Business Park Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J A D'Arcy
Mrs J M D'Arcy
Mr R J B D'Arcy





SECRETARY: Mrs J M D'Arcy





REGISTERED OFFICE: Base Business Park
15 Britannia House
Rendlesham
Woodbridge
Suffolk
IP12 2TZ





REGISTERED NUMBER: 01249496 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Base Business Park Limited (Registered number: 01249496)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256,517 309,032
Investments 5 1 1
Investment property 6 7,130,000 6,720,000
7,386,518 7,029,033

CURRENT ASSETS
Debtors 7 237,843 1,332,299
Cash at bank and in hand 224,714 83,568
462,557 1,415,867
CREDITORS
Amounts falling due within one year 8 1,381,107 2,420,654
NET CURRENT LIABILITIES (918,550 ) (1,004,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,467,968

6,024,246

CREDITORS
Amounts falling due after more than one
year

9

(2,272,295

)

(2,407,289

)

PROVISIONS FOR LIABILITIES 12 (432,625 ) (326,185 )
NET ASSETS 3,763,048 3,290,772

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13 3,762,948 3,290,672
SHAREHOLDERS' FUNDS 3,763,048 3,290,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Base Business Park Limited (Registered number: 01249496)

Balance Sheet - continued
31 December 2024


The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





Mr J A D'Arcy - Director


Base Business Park Limited (Registered number: 01249496)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Base Business Park Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the 31 December 2023 the Company had net current liabilities. In meeting the Company's working capital requirements the directors have agreed to continue to support the Company for the next 12 months. On the basis that the directors consider, with their support, it appropriate to prepare the financial statements on a going concern basis, the financial statements do not contain any adjustments that would result from the withdrawal of their support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - At varying rates
Storage Containers - 25% on cost
Motor vehicles - 25% on cost
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Base Business Park Limited (Registered number: 01249496)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Storage Motor Office
machinery Containers vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 549,366 56,292 107,804 55,179 768,641
DEPRECIATION
At 1 January 2024 280,842 56,292 72,706 49,769 459,609
Charge for year 31,011 - 19,287 2,217 52,515
At 31 December 2024 311,853 56,292 91,993 51,986 512,124
NET BOOK VALUE
At 31 December 2024 237,513 - 15,811 3,193 256,517
At 31 December 2023 268,524 - 35,098 5,410 309,032

Base Business Park Limited (Registered number: 01249496)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 58,923
DEPRECIATION
At 1 January 2024 29,462
Charge for year 14,731
At 31 December 2024 44,193
NET BOOK VALUE
At 31 December 2024 14,730
At 31 December 2023 29,461

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bentwaters Facilities Limited
Registered office: England and Wales
Nature of business: Provision of electrical services
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 387,661 298,954
Profit for the year 88,707 86,758

Base Business Park Limited (Registered number: 01249496)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 6,720,000
Disposals (70,000 )
Revaluations 480,000
At 31 December 2024 7,130,000
NET BOOK VALUE
At 31 December 2024 7,130,000
At 31 December 2023 6,720,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 2,922,564
Cost 4,207,436
7,130,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 4,207,436 4,279,000

Investment property was valued on an open market basis on 31 December 2024 by Lambert Smith Hampton and the Directors .

For the year ended 31 December 2024 the Directors reviewed the valuation of the investment properties on an open market basis and were of the opinion that a revaluation adjustment was required to amend the valuation to £7,130,000.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,770 62,165
Other debtors 182,073 1,270,134
237,843 1,332,299

Base Business Park Limited (Registered number: 01249496)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 59,396 59,396
Hire purchase contracts 9,123 13,685
Trade creditors 1,068 1,239
Taxation and social security 112,405 63,336
Other creditors 1,199,115 2,282,998
1,381,107 2,420,654

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 2,272,295 2,397,026
Hire purchase contracts - 10,263
2,272,295 2,407,289

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 59,396 59,396

Amounts falling due between two and five years:
Bank loans - over 1 year 2,272,295 2,397,026

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,331,691 2,456,422
Hire purchase contracts 9,123 23,948
2,340,814 2,480,370

The bank loans are secured by a debenture charge over the assets of the company and by a legal charge over all of the company's properties.

Hire purchase liabilities are secured on the assets concerned.

Base Business Park Limited (Registered number: 01249496)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 432,625 326,185

Deferred
tax
£   
Balance at 1 January 2024 326,185
Credit to Income Statement during year (12,530 )
On revalued inv property 118,970
Balance at 31 December 2024 432,625

13. RESERVES

Retained earnings



Distributable
Non -
Distributable

Total
£   £   £   
Retained earnings at 1 January 20241,137,1152,153,5573,290,672
Profit for the year71,764400,512472,276
Retained earnings at 31 December 20241,208,8792,554,0693,762,948

14. OTHER FINANCIAL COMMITMENTS

In addition to the security given for the bank loans in note 12, the company is party to a cross guarantee with respect to bank borrowings of related companies which at 31 December 2024 totalled £6,901,995 (2023: £7,181,242).