Registered number
11038585
Bastide Devco Ltd
Filleted Accounts
For the year ended 30 June 2023
Bastide Devco Ltd
Registered number: 11038585
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Investments 4 39,733,896 39,733,896
Current assets
Debtors 5 5,136,135 5,026,539
Cash at bank and in hand 532 11,303
5,136,667 5,037,842
Creditors: amounts falling due within one year 6 (34,254,436) (34,269,753)
Net current liabilities (29,117,769) (29,231,911)
Net assets 10,616,127 10,501,985
Capital and reserves
Called up share capital 2,572,119 2,572,119
Share premium 10,404,448 10,404,448
Profit and loss account (2,360,440) (2,474,582)
Shareholders' funds 10,616,127 10,501,985
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Vincent Bastide
Director
Approved by the board on 11 July 2025
Bastide Devco Ltd
Notes to the Accounts
For the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Indra Raj Giri ACA, FCCA
Firm: Makesworth Audit Services Ltd
Date of audit report: 11 July 2025
3 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2022 39,733,896
At 30 June 2023 39,733,896
Historical cost
At 1 July 2022 39,733,896
At 30 June 2023 39,733,896
The directors confirm the carrying value of investments in subsidiaries is supported by underlying net assets and performance, with no impairment required.
5 Debtors 2023 2022
£ £
Amount owed by group undertakings 4,999,337 4,820,704
Other debtors 136,798 205,835
5,136,135 5,026,539
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,426 5,123
Amount owed to group undertakings 34,251,010 34,251,010
Taxation and social security costs - 9,488
Other creditors - 4,132
34,254,436 34,269,753
7 Related party transactions
During the year, the company made sales totaling £84,000 (2022: £130,000) to Bastide Le Confort Medical S.A. At the reporting date, the company was owed £4,999,337 (2022: £4,820,704) by Bastide Le Confort Medical S.A.

At the reporting date, the company has outstanding loan balances of £16,628,105 (2022: £16,628,105) owed to Bastide Homecare Development Limited and £17,622,905 (2022: £17,622,905) owed to Baywater Healthcare UK Limited.
8 Other information
Bastide Devco Ltd is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
First Floor, London
W1W 7LT
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