Bassi Corporation Limited

	Page
Company Information	1
Accountants' Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—8

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Accountants' Report

For The Year Ended 31 March 2025

Accountants' Report

Report to the director on the preparation of the unaudited statutory accounts of Bassi Corporation Limited For The Year Ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bassi Corporation Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Bassi Corporation Limited , 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 Bassi Corporation Limited and state those matters that we have agreed to state to the director of Bassi Corporation Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bassi Corporation Limited and its director as a body for our work or for this report.

It is your duty to ensure that Bassi Corporation Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Bassi Corporation Limited . You consider that Bassi Corporation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bassi Corporation Limited . 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 financial statements.

19 December 2025

Synergy Accountancy Services LLP

Chartered Certified Accountants

378 Walsall Road

Perry Barr

Birmingham

B42 2LX

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Bassi Corporation Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 08417821

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,080,337		4,009,542

			4,080,337		4,009,542
CURRENT ASSETS
Debtors	5	8,883		7,477
Cash at bank and in hand		69,894		75,688

		78,777		83,165
Creditors: Amounts Falling Due Within One Year	6	(1,351,417 )		(1,383,308 )

NET CURRENT ASSETS (LIABILITIES)			(1,272,640 )		(1,300,143 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,807,697		2,709,399

Creditors: Amounts Falling Due After More Than One Year	7		(405,835 )		(412,325 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(418,715 )		(418,835 )

NET ASSETS			1,983,147		1,878,239

CAPITAL AND RESERVES
Called up share capital	11		1		1
Revaluation reserve			1,254,101		1,254,101
Profit and Loss Account			729,045		624,137

SHAREHOLDERS' FUNDS			1,983,147		1,878,239

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Bassi Corporation Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr T Bassi

Director

19 December 2025

The notes on pages 5 to 8 form part of these financial statements.

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Bassi Corporation Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Bassi Corporation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08417821 . The registered office is 483 Green Lanes, London, N13 4BS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

15% Reducing Balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Bassi Corporation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Investment Properties	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	4,006,339	4,809	4,011,148
Additions	71,276	-	71,276

As at 31 March 2025	4,077,615	4,809	4,082,424

Depreciation
As at 1 April 2024	-	1,606	1,606
Provided during the period	-	481	481

As at 31 March 2025	-	2,087	2,087

Net Book Value
As at 31 March 2025	4,077,615	2,722	4,080,337

As at 1 April 2024	4,006,339	3,203	4,009,542

Investment properties have been revalued at year end by the director using his own experience and expertise. The

director believes this to be an appropriate value for the rental market in the area where the property is situated.

Cost or valuation as at 31 March 2025 represented by:

	Investment Properties	Computer Equipment	Total
	£	£	£
At cost	2,405,480	4,809	2,410,289
At valuation	1,672,135	-	1,672,135

	4,077,615	4,809	4,082,424

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Bassi Corporation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,784	-
Other debtors	7,099	7,477

	8,883	7,477

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	6,500	6,500
Other creditors	1,344,917	1,347,962
Taxation and social security	-	28,846

	1,351,417	1,383,308

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	405,835	412,325

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	404,171		404,200

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured over the investment property.

	2025		2024
	£		£
Bank loans and overdrafts	404,171		404,200

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	418,715	418,835

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Bassi Corporation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	418,835	418,835
Utilised	(120 )	(120)

Balance at 31 March 2025	418,715	418,715

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

12. Related Party Transactions

The opening balance on the directors loan account was £1,195,986. The total debits and credits on the director's loan account were £13,580 (2024 - £21,700) and £1,176 (2024 - £1,832) respectively. The balance at 31 March 2025 was £1,183,582

Included in Creditors is an interest free loan amounting to £159,100 (2024 - £159,100) from the parents of the director, which is repayable on demand.

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Director	Mr T Bassi

Company Number	08417821

Registered Office	483 Green Lanes
	London
	N13 4BS

Accountants	Synergy Accountancy Services LLP
	Chartered Certified Accountants
	378 Walsall Road
	Perry Barr
	Birmingham
	B42 2LX