ACCOUNTU - Pages for filing

Registered Number: 12655287 (England & Wales)

	FIRST BASE EV LIMITED
	DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	Pages for Filing with Registrar


FIRST BASE EV LIMITED

CONTENTS

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 - 6


FIRST BASE EV LIMITED

COMPANY INFORMATION

Directors	Barry Jessup
	Elliot Lipton
	Phillip Wade


Registered number	12655287


Registered office	40 Queen Anne Street
	London
	W1G 9EL


Accountants	Lewis Golden LLP
	40 Queen Anne Street
	London
	W1G 9EL

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Registered Number: 12655287 (England & Wales) FIRST BASE EV LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		1,776,923		1,776,923
Current assets
Debtors	5	283,234		250,114
Creditors: amounts falling due within one year	6	(281,883)		(248,763)
Net current assets			1,351		1,351

Net assets			1,778,274		1,778,274

Capital and reserves
Called up share capital	3,128	3,128
Share premium account	1,775,146	1,775,146
	1,778,274	1,778,274

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the Profit and Loss Account and the Directors' Report in accordance with provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Elliot Lipton

Director

Date: 19 December 2025

The notes on pages 3 to 6 form part of these financial statements.

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FIRST BASE EV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

First Base EV Limited is a private limited company limited by share capital, incorporated in England and Wales, registered number 12655287. The address of the registered office is 40 Queen Anne Street, London W1G 9EL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Taxation

Tax is recognised in the Profit and Loss Account.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the year. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.4

Debtors

Short-term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

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FIRST BASE EV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Fixed asset investments

		Investments in subsidiary undertakings
		£
	Cost and Net Book Value
	At 1 April 2024	1,776,923
	At 31 March 2025	1,776,923

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FIRST BASE EV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking Registered office Holding Proportion of voting rights

2025 2024

Subsidiary undertakings

First Base (FT) Limited40 Queen Anne Street Ordinary 100% 100%

London W1G 9EL

Associates

First Base 4 Stratford LLP40 Queen Anne Street Designated 51% 51%

London W1G 9EL member

Triathlon Homes LLPFleet House First Base 4 11.7% 11.7%

59-61 Clerkenwell Road Stratford LLP

London EC1M 5LA is a

designated

member

Subsidiary undertakings

First Base (FT) Limited

The principal activity of First Base (FT) Limited is that of a dormant company.

Associates

First Base 4 Stratford LLP

The principal activity of First Base 4 Stratford LLP is that of holding investments. Although First Base EV Limited has 51% voting rights in First Base 4 Stratford LLP the proportion of economic ownership rights is 35%.

Triathlon Homes LLP

The principal activity of Triathlon Homes LLP is the construction and supply of social housing. First Base EV Limited owns 35% of First Base 4 Stratford LLP which in turn owns one third of Triathlon Homes LLP, thus 11.7% ownership.

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FIRST BASE EV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	283,234	250,114

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

	Amounts owed to group undertakings	281,883	248,763

7.	Related party transactions
	At the balance sheet date the company owed £281,883 (2024 - £248,763) to its parent company, First Base Limited. At the balance sheet date the company was owed £281,883 (2024 - £250,114) by its subsidiary undertaking, First Base 4 Stratford LLP.

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