Basiz Investment Accounting (Uk) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06710159 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Basiz Investment Accounting (Uk) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A V Seshadrinathan

SECRETARY:

Mr A V Seshadrinathan

REGISTERED OFFICE:

144-146 Kings Cross Road

Kings Cross

London

WC1X 9DU

REGISTERED NUMBER:

06710159 (England and Wales)

AUDITORS:

Andrew Murray & Co

Business Advisors and Statutory Auditors

144-146 Kings Cross Road

King's Cross

WC1X 9DU

CURRENT ASSETS

Debtors

4

48,034

52,960

Cash at bank

51,324

5,902

99,358

58,862

CREDITORS

Amounts falling due within one year

5

9,973

1,513

NET CURRENT ASSETS

89,385

57,349

TOTAL ASSETS LESS CURRENT
LIABILITIES

89,385

57,349

CAPITAL AND RESERVES

Called up share capital

6

10,782

Retained earnings

7

78,603

46,567

SHAREHOLDER FUNDS

89,385

57,349

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 director and authorised for issue on 25 March 2025 and were signed by:

Mr A V Seshadrinathan - Director

1.	STATUTORY INFORMATION

Basiz Investment Accounting (Uk) 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.

Turnover

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

47,732

-

Amounts owed by group undertakings

-

52,331

VAT

302

629

48,034

52,960

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Tax

5,460

-

Accrued expenses

4,513

1,513

9,973

1,513

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

10,782

Ordinary share

1

10,782

7.

RESERVES

Retained

earnings

£

At 1 January 2024

46,567

Profit for the year

32,036

At 31 December 2024

78,603

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Ashok Modi FCA (Senior Statutory Auditor)

for and on behalf of Andrew Murray & Co

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company has the outstanding balance with the following company in

which director is a controlling party.

2024

2023

£

Basiz FA Services Singapore Pte Ltd

£ -

£52,331

Management fees of £45,995 is payable to the parent company Basiz Fund Service Pvt Ltd.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Basiz Fund Service Pvt Ltd..