MY BASSINGHAM LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08445134

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		73,927		80,647
Tangible Assets	5		1,963,538		1,998,649

			2,037,465		2,079,296
CURRENT ASSETS
Debtors	6	2,895,446		3,824,070
Cash at bank and in hand		53,319		144,300

		2,948,765		3,968,370
Creditors: Amounts Falling Due Within One Year	7	(426,733 )		(1,079,434 )

NET CURRENT ASSETS (LIABILITIES)			2,522,032		2,888,936

TOTAL ASSETS LESS CURRENT LIABILITIES			4,559,497		4,968,232

Creditors: Amounts Falling Due After More Than One Year	8		(2,589,417 )		(2,750,417 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(5,353 )

NET ASSETS			1,970,080		2,212,462

CAPITAL AND RESERVES
Called up share capital	9		1		1
Revaluation reserve			1,231,707		1,231,707
Profit and Loss Account			738,372		980,754

SHAREHOLDERS' FUNDS			1,970,080		2,212,462

Page 1

Page 2

MY BASSINGHAM LIMITED

Balance Sheet (continued)

As At 31 December 2024

For the year 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jijo Benedict Director	Mr Anil John Director
30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MY BASSINGHAM LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08445134 . The registered office is 98a Broad Street, Canterbury, CT1 2LU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on Cost
Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

Page 3

Page 4

MY BASSINGHAM LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 55 (2023: 53)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	166,400

As at 31 December 2024	166,400

Amortisation
As at 1 January 2024	85,753
Provided during the period	6,720

As at 31 December 2024	92,473

Net Book Value
As at 31 December 2024	73,927

As at 1 January 2024	80,647

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	2,204,552	177,919	173,906	3,796	2,560,173
Additions	-	1,914	10,524	965	13,403

As at 31 December 2024	2,204,552	179,833	184,430	4,761	2,573,576

Depreciation
As at 1 January 2024	271,282	157,638	130,251	2,353	561,524
Provided during the period	29,950	5,165	12,833	566	48,514

As at 31 December 2024	301,232	162,803	143,084	2,919	610,038

Net Book Value
As at 31 December 2024	1,903,320	17,030	41,346	1,842	1,963,538

As at 1 January 2024	1,933,270	20,281	43,655	1,443	1,998,649

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	42,958	140,894
Amounts owed by participating interests	2,826,973	3,653,394
Other debtors	25,515	29,782

	2,895,446	3,824,070

Page 4

Page 5

MY BASSINGHAM LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	74,821	80,099
Bank loans and overdrafts	161,000	161,000
Amounts owed to participating interests	-	654,836
Other creditors	156,869	171,020
Taxation and social security	34,043	12,479

	426,733	1,079,434

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	2,589,417	2,750,417

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

Summary of transactions with other related parties

During the year the following loan balances were due to/from companies under common control.

The loans are interest free and repayable on demand.

Loan to related parties

	2024	2023
	£	£
At start of year	3,653,394	3,688,394
Advanced	350,500	-
Repaid	(375,500)	(35,000)
At end of year	3,628,394	3,653,394

Loans from related parties

	2024	2023
	£	£
At start of year	654,836	377,836
Advanced	422,500	277,000
Repaid	(275,915)	-
At end of year	801,421	654,836

Page 5