Company Registration No. 13662254 (England and Wales)
BASELIME LIMITED
Unaudited accounts
for the period from 1 November 2023 to 31 December 2024
BASELIME LIMITED
Unaudited accounts
Contents
BASELIME LIMITED
Company Information
for the period from 1 November 2023 to 31 December 2024
Company Number
13662254 (England and Wales)
Registered Office
County Hall
The Riverside Building Belvedere Road
Westminster Bridge Road,6th Floor
London
SE1 7PB
United Kingdom
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
BASELIME LIMITED
Accountants' report
Accountants' report to the director of BASELIME LIMITED on the preparation of the unaudited statutory accounts for the period from 1 November 2023 to 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BASELIME LIMITED for the period from
1 November 2023 to
31 December 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BASELIME LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of BASELIME LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BASELIME LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BASELIME LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BASELIME LIMITED. You consider that BASELIME LIMITED is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of BASELIME LIMITED. 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 accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
5 March 2025
BASELIME LIMITED
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
-
1,008,742
Creditors: amounts falling due within one year
-
(3,171)
Net current assets
127,879
1,008,241
Total assets less current liabilities
127,879
1,013,110
Creditors: amounts falling due after more than one year
-
(1,511,100)
Net assets/(liabilities)
127,879
(497,990)
Called up share capital
1
1
Share premium
120,000
120,000
Capital contribution reserve
1,511,100
-
Profit and loss account
(1,503,222)
(617,991)
Shareholders' funds
127,879
(497,990)
For the period ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2025 and were signed on its behalf by
Chad Skinner
Director
Company Registration No. 13662254
BASELIME LIMITED
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
BASELIME LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13662254. The registered office is County Hall, The Riverside Building Belvedere Road, Westminster Bridge Road,6th Floor, London, SE1 7PB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight-Line - 3 years
The financial statements have been prepared on a going concern basis; the company has a strong balance sheet including year-end cash balance of £1m.
Based on this, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and it is therefore appropriate to adopt the going concern basis in preparing the annual financial statements.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
BASELIME LIMITED
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
4
Tangible fixed assets
Computer equipment
Charge for the period
(2,055)
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
-
669
7
Creditors: amounts falling due after more than one year
2024
2023
Non-equity preference shares
-
1,511,100
The amounts falling due after one year are Simple Agreement for Future Equity (SAFE)
8
Average number of employees
During the period the average number of employees was 4 (2023: 4).