Registration number: 15862905

Bascomb & Drew Propco Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6
Accountants' Report	7

Bascomb & Drew Propco Ltd

Company Information

Directors

Mr Andrew Paul Dean Mr Blake Anthony Buckingham Mr William Griffith

Registered office

Keephatch Farmhouse Clover Close Wokingham Berkshire RG40 5PU

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Bascomb & Drew Propco Ltd

(Registration number: 15862905)
Balance Sheet as at 31 March 2025

	Note	2025 £
Fixed assets
Investment property	4	1,625,000
Current assets
Debtors	5	100
Cash at bank and in hand		29,550
		29,650
Creditors: Amounts falling due within one year	6	(773,401)
Net current liabilities		(743,751)
Total assets less current liabilities		881,249
Creditors: Amounts falling due after more than one year	6	(896,928)
Net liabilities		(15,679)
Capital and reserves
Called up share capital		100
Retained earnings		(15,779)
Shareholders' deficit		(15,679)

For the financial period 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 July 2025 and signed on its behalf by:
 

......................................... Mr Andrew Paul Dean Director

Bascomb & Drew Propco Ltd

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Bascomb & Drew Propco Ltd

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 March 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Employees and Directors

The average number of persons employed by the company (including directors) during the period, was 3.

4	Investment properties

	2025 £
Additions	1,628,786
Fair value adjustments	(3,786)
At 31 March	1,625,000

The investment property valuation was carried out by Lamberts Chartered Surveyors, professional advisers who are not connected with the company. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. The director is of the opinion that the value on the balance sheet as at 31 March 2025, reflects the properties fair value.

5

Debtors

Current	2025 £
Other debtors	100
	100

Bascomb & Drew Propco Ltd

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Loans and borrowings	7	95,282
Amounts owed to related parties	8	676,119
Other creditors		2,000
		773,401

Creditors: amounts falling due after more than one year

	Note	2025 £
Due after one year
Loans and borrowings	7	896,928

7	Loans and borrowings

Non-current loans and borrowings

	2025 £
Bank borrowings	896,928

Current loans and borrowings

	2025 £
Bank borrowings	95,282

Bascomb & Drew Propco Ltd

Notes to the Unaudited Financial Statements for the Period from 29 July 2024 to 31 March 2025

8	Related party transactions

Transactions with directors Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2025	At 29 July 2024 £	Advances to director £	At 31 March 2025 £
Mr William Griffith
Loan	-	40	40
Mr Andrew Paul Dean
Loan	-	40	40
Mr Blake Anthony Buckingham
Loan	-	20	20

The director has confirmed that the loan will be repaid in full within nine months of the company's year end.

Summary of transactions with other related parties

Included within other creditors is an inter-company loan of £88,039 owed to Bascomb & Drew Ltd, a company which has the same directors as Bascomb & Drew Propco Ltd.

Included within other creditors is an inter-company loan of £588,080 owed to Bascomb & Drew Maintenance Ltd, a company which has the same directors as Bascomb & Drew Propco Ltd.

All inter-company loans are repayable on demand.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bascomb & Drew Propco Ltd
for the Period Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bascomb & Drew Propco Ltd for the period ended 31 March 2025 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Bascomb & Drew Propco Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bascomb & Drew Propco Ltd and state those matters that we have agreed to state to the Board of Directors of Bascomb & Drew Propco Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bascomb & Drew Propco Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bascomb & Drew Propco Ltd 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 Bascomb & Drew Propco Ltd. You consider that Bascomb & Drew Propco Ltd 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 Bascomb & Drew Propco Ltd. 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.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

14 July 2025