Basement Break Ltd 31/03/2025 iXBRL

Company registration number: 08915275

Basement Break Ltd

Unaudited abridged financial statements

31 March 2025

Basement Break Ltd

Contents

Directors and other information

Directors report

Abridged statement of comprehensive income

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Basement Break Ltd

Directors and other information


	Directors	Edward John Roberts


	Secretary	Edward John Roberts


	Company number	08915275


	Registered office	51 Church Street
		Manchester
		M4 1PD


	Business address	51 Church Street
		Manchester
		M4 1PD

Basement Break Ltd

Directors report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:

Edward John Roberts

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 14 October 2025 and signed on behalf of the board by:

Edward John Roberts

Director

Basement Break Ltd

Abridged statement of comprehensive income

Year ended 31 March 2025

		2025	2024
	Note	£	£

Gross profit		1,847,689	2,058,477

Administrative expenses		( 2,122,915)	( 2,197,150)
		_______	_______
Operating loss		( 275,226)	( 138,673)

Other interest receivable and similar income		1,301	-
Interest payable and similar expenses		( 117)	-
		_______	_______
Loss before taxation	5	( 274,042)	( 138,673)

Tax on loss		122,061	-
		_______	_______
Loss for the financial year and total comprehensive income		( 151,981)	( 138,673)
		_______	_______

All the activities of the company are from continuing operations.

Company registration number: 08915275

Basement Break Ltd

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	17,862		32,191
		_______		_______
			17,862		32,191

Current assets
Investments	7	( 3,570)		( 3,570)
Cash at bank and in hand		43,074		184,333
		_______		_______
		39,504		180,763
Creditors: amounts falling due
within one year		( 99,445)		( 41,521)
		_______		_______
Net current (liabilities)/assets			( 59,941)		139,242
			_______		_______
Total assets less current liabilities			( 42,079)		171,433

Creditors: amounts falling due
after more than one year			( 1,042)		( 11,573)
			_______		_______
Net (liabilities)/assets			( 43,121)		159,860
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			( 43,221)		159,760
			_______		_______
Shareholder (deficit)/funds			( 43,121)		159,860
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

Edward John Roberts

Director

Basement Break Ltd

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	100	336,566	336,666

Loss for the year		( 138,673)	( 138,673)
	_______	_______	_______
Total comprehensive income for the year	-	( 138,673)	( 138,673)

Dividends paid and payable		( 38,133)	( 38,133)
	_______	_______	_______
Total investments by and distributions to owners	-	( 38,133)	( 38,133)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	100	159,760	159,860

Loss for the year		( 151,981)	( 151,981)
	_______	_______	_______
Total comprehensive income for the year	-	( 151,981)	( 151,981)

Dividends paid and payable		( 51,000)	( 51,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 51,000)	( 51,000)

	_______	_______	_______
At 31 March 2025	100	( 43,221)	( 43,121)
	_______	_______	_______

Basement Break Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 51 Church Street, Manchester, M4 1PD.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Computer equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 67 (2024: 99 ).

5. Loss before taxation

Loss before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	3,274	10,729
	_______	_______

6. Tangible assets


		£
	Cost
	At 1 April 2024	96,222
	Additions	1,181
	Disposals	( 30,340)
		_______
	At 31 March 2025	67,063
		_______
	Depreciation
	At 1 April 2024	64,031
	Charge for the year	3,274
	Disposals	( 18,104)
		_______
	At 31 March 2025	49,201
		_______
	Carrying amount
	At 31 March 2025	17,862
		_______
	At 31 March 2024	32,191
		_______

7. Investments

	2025	2024
	£	£
Other investments - Virtual Hideout	(3,570)	(3,570)
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Edward John Roberts	( 12,990)	12,980	( 10)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Edward John Roberts	( 13,990)	1,000	( 12,990)
		_______	_______	_______

9. Controlling party

The company was controlled by the directors by virtue of the director holding 100% of the issued share capital of the company.