REGISTERED NUMBER: 05711601 (England and Wales)

Basi Developments Limited

Unaudited Financial Statements

for the Period 1 April 2024 to 30 September 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs D K Basi

REGISTERED OFFICE:

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

REGISTERED NUMBER:

05711601 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

7,974

11,391

Investments

5

850

555,580

Investment property

6

620,000

620,000

628,824

1,186,971

CURRENT ASSETS

Debtors

7

6,696,545

7,006,875

Investments

8

4,209,816

-

Cash at bank

5,648

13,378

10,912,009

7,020,253

CREDITORS

Amounts falling due within one year

9

4,010,883

418,847

NET CURRENT ASSETS

6,901,126

6,601,406

TOTAL ASSETS LESS CURRENT LIABILITIES

7,529,950

7,788,377

CREDITORS

Amounts falling due after more than one year

10

(25,671

)

(39,176

)

PROVISIONS FOR LIABILITIES

(14,269

)

(275

)

NET ASSETS

7,490,010

7,748,926

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

41,551

55,333

Retained earnings

7,448,457

7,693,591

SHAREHOLDERS' FUNDS

7,490,010

7,748,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 12 December 2025 and were signed by:

Mrs D K Basi - Director

1.	STATUTORY INFORMATION

Basi Developments Limited 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Basi Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income recognition

Turnover is measured at the fair value of consideration received or receivable from rents on a monthly basis and sales of properties when contracts have been completed such that risks and rewards of ownership have transferred to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on reducing balance

Investments in subsidiaries and associates

Investments are accounted for at cost less impairment.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any charge recognised in the profit and loss account.

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 profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

and 30 September 2025

53,850

462

54,312

DEPRECIATION

At 1 April 2024

42,648

273

42,921

Charge for period

3,361

56

3,417

At 30 September 2025

46,009

329

46,338

NET BOOK VALUE

At 30 September 2025

7,841

133

7,974

At 31 March 2024

11,202

189

11,391

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 April 2024

555,530

50

555,580

Disposals

(554,730

)

-

(554,730

)

At 30 September 2025

800

50

850

NET BOOK VALUE

At 30 September 2025

800

50

850

At 31 March 2024

555,530

50

555,580

The company has investments in the following subsidiary undertakings and associates.

Country of incorporation

Principal activity

Holding

%

Subsidiary undertakings

Upper Halling Ltd

England & Wales

Property developers

Ordinary shares

100

Consort Peckham Ltd

England & Wales

Property developers

Ordinary shares

100

Platford Green Limited

England & Wales

Property developers

Ordinary shares

100

Arethusa Upnor Ltd

England & Wales

Property developers

Ordinary shares

100

Turnkey Contracting Ltd

England & Wales

Property developers

Ordinary shares

100

Atlantis Assets Ltd

England & Wales

Property developers

Ordinary shares

100

Catteshall Manor Godalming Ltd

England & Wales

Property developers

Ordinary shares

100

London SE Project Ltd

England & Wales

Property developers

Ordinary shares

100

Hampton Hick Ltd

England & Wales

Property developers

Ordinary shares

100

Associates

SRCSDB Ltd

England & Wales

Property developers

Ordinary shares

50

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 30 September 2025

620,000

NET BOOK VALUE

At 30 September 2025

620,000

At 31 March 2024

620,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2025

620,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

5,982,843

6,456,971

Amounts owed by associates

1,200

-

Other debtors

712,502

549,904

6,696,545

7,006,875

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

4,209,816

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,080

8,616

Hire purchase contracts

-

1,393

Amounts owed to group undertakings

183,027

10

Taxation and social security

37,183

-

Other creditors

3,782,593

408,828

4,010,883

418,847

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,671

35,983

Hire purchase contracts

-

3,193

25,671

39,176

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

33,751

44,599

Hire purchase contracts

-

4,586

33,751

49,185

The bank facilities are secured by means of fixed and floating charges over the assets of the company and those of the group.

The hire purchase debts are secured against the relevant financed assets.

12.	FREQUENCY OF REPORTING

The company has extended its accounting period end from 31 March 2025 to 30 September 2025 to align with its subsidiary companies. As a result of this the company is reporting on a period longer than one year.

Consequently the comparative amounts presented in the financial statements (including the notes) are not

entirely comparable.