REGISTERED NUMBER: 05688947 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BASRON DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A A Razzak

M M S McPhail

SECRETARY:

M M S McPhail

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

BUSINESS ADDRESS:

Brinkletts House

15 Winchester Road

Basingstoke

Hants

RG21 8UE

REGISTERED NUMBER:

05688947 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

BANKERS:

Bank of Scotland Plc

33 Old Broad Street

London

EC2N 1HZ

SOLICITORS:

Phillips Solicitors

Town Gate

38 London Street

Basingstoke

Hampshire

RG21 7NY

CURRENT ASSETS

Stocks

-

3,864,693

Debtors

4

1,147

52,906

Cash at bank

1,268,320

-

1,269,467

3,917,599

CREDITORS

Amounts falling due within one year

5

(1,253,439

)

(1,467,415

)

NET CURRENT ASSETS

16,028

2,450,184

TOTAL ASSETS LESS CURRENT LIABILITIES

16,028

2,450,184

CREDITORS

Amounts falling due after more than one year

6

-

(3,138,791

)

NET ASSETS/(LIABILITIES)

16,028

(688,607

)

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

15,828

(688,807

)

SHAREHOLDERS' FUNDS

16,028

(688,607

)

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

M M S McPhail - Director

1.	STATUTORY INFORMATION

Basron Developments Ltd 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by related parties

650

-

Other debtors

497

52,906

1,147

52,906

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

2,385

Trade creditors

160,475

159,187

Amounts owed to related parties

2,500

527,033

Taxation and social security

1,036,958

-

Other creditors

53,506

778,810

1,253,439

1,467,415

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

-

3,138,791

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

A Ordinary shares

£1

100

100

100

B Ordinary shares

£1

100

100

200

200

Both classes of shares rank pari passu in all respects.