Registration number: 08679999

Basfam Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Basfam Limited

Company Information

Directors

Mr Malcolm Philip Basing Mrs Sarah Louise Basing

Registered office

Suite 1a Forge Farm Bedgebury Business Park Goudhurst Cranbrook TN17 2QZ

Accountants

Charter Tax Consulting Limited 8th Floor 1 Southampton Street London United Kingdom WC2R 0LR

Basfam Limited

(Registration number: 08679999)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Other financial assets	5	2,121,436	2,352,491
Current assets
Debtors	6	371	276
Cash at bank and in hand		246,289	12,627
		246,660	12,903
Creditors: Amounts falling due within one year	7	(375,275)	(433,697)
Net current liabilities		(128,615)	(420,794)
Net assets		1,992,821	1,931,697
Capital and reserves
Called up share capital		2,500	2,500
Share premium reserve		1,125,501	1,125,501
Retained earnings		864,820	803,696
Shareholders' funds		1,992,821	1,931,697

For the financial year ending 5 April 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 year 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 18 December 2025 and signed on its behalf by:
 

Mr Malcolm Philip Basing Director

Basfam Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

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

The address of its registered office is:
Suite 1a
Forge Farm
Bedgebury Business Park
Goudhurst
Cranbrook
TN17 2QZ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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. The adoption of the fair value basis has been used for measuring investments in equity instruments (other financial assets) where the fair value can be readily determined. Such investments are in entities where the Company has no significant influence and the underlying security is listed on a stock exchange. Further information can be found in the investments accounting policy.

These financial statements have been prepared and presented in UK Pound Sterling (£) which is the functional currency of the Company. These financial statements have been rounded to the nearest whole £.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

No significant judgements have been made by management in the preparation of these financial statements.

Finance income and costs policy

Interest income is recognised in the profit and loss account using the effective interest method. Finance and interest costs are also charged to the profit and loss account over the term of the debt using effective interest method so that the amount charged is at a constant rate on the carrying amount.

Dividend income
Dividend income is recognised when the right to receive payment is established.

Basfam Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Included within the current tax charge are withholding tax deductions on dividends and interest paid to the Company from overseas territories.

Deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available, or tax charges arising on, a disposal of the assets. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

The Company recognises a deferred tax liability in respect to its unrealised gains on its investment portfolio net of any tax losses that are permitted to be offset against a future realisation of gains.

Investments

Investments in listed company shares are revalued to market value at each Balance Sheet date. Fair value movements on revaluation are recognised in the profit or loss for the period. The Company holds no other type of investments.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Financial instruments

The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as investments, trade and other debtors and creditors.

Basfam Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

4

Taxation

Tax charged/(credited) in the income statement

	2025  £	2024  £
Current taxation
Foreign tax	8,069	5,915
Total current income tax	8,069	5,915
Deferred taxation
Arising from fair value adjustments and tax losses	(60,620)	43,059
Tax (receipt)/expense in the income statement	(52,551)	48,974

 

Deferred taxation	2024 £	2023 £
Deferred taxation at 6 April	(131,003)	(87,944)
Provision released to profit and loss	60,620	(43,059)
Deferred taxation at 5 April	(70,383)	(131,003)

5	Investments

	2025 £	2024 £
Non-current financial assets
Financial assets at fair value through profit and loss	2,121,436	2,352,491

 

Basfam Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

	2025 £
Non-current investments
Cost or valuation
At 6 April 2024	2,352,491
Disposals	(205,935)
Fair value adjustments	(25,120)
At 5 April 2025	2,121,436
Carrying amount
At 5 April 2025	2,121,436
At 5 April 2024	2,352,491

6

Debtors

	2025 £	2024 £
Prepayments	270	270
Accrued income	101	6
	371	276

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	-	210,327
Accruals and deferred income		3,690	3,690
Related party liabilities	9	301,202	88,677
Taxation and social security		70,383	131,003
		375,275	433,697

Creditors include bank loans which are secured of £Nil (2024 - £210,327). The loan was paid off in full on 20 February 2025. Loans were secured by way of a floating charge over the Company's investments.

Basfam Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	210,327

9	Related party transactions

Transactions with Directors

2025	At 6 April 2024 £	Advances to Director £	Repayments by Director £	At 5 April 2025 £
Mr Malcolm Philip Basing
Malcom Basing	88,677	(150,000)	362,525	301,202

2024	At 6 April 2023 £	Advances to Director £	At 5 April 2024 £
Mr Malcolm Philip Basing
Malcom Basing	348,677	(260,000)	88,677

The loan repayable to the Director is interest free and repayable on demand.