Company registration number 13073488 (England and Wales)
BASIS SOCIAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BASIS SOCIAL LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
BASIS SOCIAL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,204
18,054
Current assets
Debtors
4
505,592
548,368
Cash at bank and in hand
268,986
332,532
774,578
880,900
Creditors: amounts falling due within one year
5
(609,571)
(899,786)
Net current assets/(liabilities)
165,007
(18,886)
Total assets less current liabilities
169,211
(832)
Provisions for liabilities
(1,051)
(4,514)
Net assets/(liabilities)
168,160
(5,346)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
168,060
(5,446)
Total equity
168,160
(5,346)

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

T he members have 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 November 2025 and are signed on its behalf by:
Dr D P Bhattachary
Director
Company registration number 13073488 (England and Wales)
BASIS SOCIAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
100
(5,915)
(5,815)
Year ended 31 March 2024:
Profit and total comprehensive income
-
469
469
Balance at 31 March 2024
100
(5,446)
(5,346)
Year ended 31 March 2025:
Profit and total comprehensive income
-
173,506
173,506
Balance at 31 March 2025
100
168,060
168,160
BASIS SOCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Basis Social Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Fisheries, 1 Mentmore Terrace, London, United Kingdom, E8 3PN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the value of the work undertaken during the year, net of VAT. Where amounts have been invoiced but work not yet undertaken, these amounts are carried forward to future accounting periods. Where work has been undertaken but not invoiced, the value of this work has been accrued.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
15% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
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.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BASIS SOCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

BASIS SOCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
13
15
BASIS SOCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
20,926
Additions
1,968
Disposals
(14,794)
At 31 March 2025
8,100
Depreciation and impairment
At 1 April 2024
2,872
Depreciation charged in the year
15,818
Eliminated in respect of disposals
(14,794)
At 31 March 2025
3,896
Carrying amount
At 31 March 2025
4,204
At 31 March 2024
18,054
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
403,795
433,896
Amounts owed by group undertakings
-
0
14,856
Other debtors
101,797
99,616
505,592
548,368
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
55,020
120,884
Amounts owed to group undertakings
-
0
335,369
Corporation tax
58,625
-
0
Other taxation and social security
166,886
178,272
Other creditors
329,040
265,261
609,571
899,786
BASIS SOCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
32,232
30,387

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of 1p each
10,000
10,000
100
100
8
Related party transactions

During the year ended 31 March 2024, the company sold services totalling £4 8,528 (202 4: £8,920) to Basis Research Limited. The company purchased services totalling £3,757 (2 0 2 4: £9,545) from Basis Research Limited. The company was recharged costs totalling £nil (202 4: £16 5,537) by Basis Research Limited. Basis Research Limited invoiced clients £nil (202 4: £215,191) and collected receipts on behalf of the company. At the year end, the company was owed £nil (202 4: £1 4,856) by Basis Research Limited.

During the year, t he company was recharged costs totalling £nil (202 4: £439) by Basis New York LLC. At the year end, the company owed Basis New York LLC £nil (202 4: £439).

At the year end, the company owed Basis Research Group Limited £nil (202 4: £334,930).

The above related parties relate to companies under common control. On 31 March 2025, the above companies halted being related parties.

9
Parent company

During the year and up until 30 March 2025, t he parent company was Basis Research Group Limited, which own ed 70% of the issued share capital, and its registered office wa s 264 Banbury Road, Oxford, United Kingdom, OX2 7DY. The ultimate parent company was Basis Research Group Holdings Limited, which effectively control led 70% of Basis Social Limited, and its registered office wa s 264 Banbury Road, Oxford, United Kingdom, OX2 7DY. There wa s no ultimate controlling party.

After 30 March 2025, the parent company changed to The Social Agency Holdings Limited, the company is not included within consolidated financial statements, and the directors consider there to be no ultimate controlling party.

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