REGISTERED NUMBER: 14219327 (England and Wales)

Basbro Corporation Ltd

Unaudited Financial Statements

for the Period 1 August 2024 to 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D K Basi

S Basi

REGISTERED OFFICE:

3-5 London Road

Rainham

Gillingham

ME8 7RG

REGISTERED NUMBER:

14219327 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Investments

4

50

-

Investment property

5

413,798

413,798

413,848

413,798

CURRENT ASSETS

Debtors

6

306,618

11,526

Cash at bank and in hand

5,512

11,641

312,130

23,167

CREDITORS

Amounts falling due within one year

7

718,844

435,369

NET CURRENT LIABILITIES

(406,714

)

(412,202

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,134

1,596

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,034

1,496

7,134

1,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mrs D K Basi - Director

1.	STATUTORY INFORMATION

Basbro Corporation 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income recognition

Income represents the fair value of consideration received or receivable derived from rental of the investment property and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

Additions

50

At 31 March 2025

50

NET BOOK VALUE

At 31 March 2025

50

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

and 31 March 2025

413,798

NET BOOK VALUE

At 31 March 2025

413,798

At 31 July 2024

413,798

The investment property was valued on a fair value basis by the director at the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

11,526

Amounts owed by associates

306,260

-

Other debtors

358

-

306,618

11,526

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

214

1,736

Other creditors

718,630

433,633

718,844

435,369

8.	RELATED PARTY DISCLOSURES

Included in other creditors is £710,965 owed to Basi Developments Limited, a company of which a director has an interest.