| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
4,181,390 |
|
|
4,181,390 |
| Current assets |
|
107,475 |
|
|
62,081 |
|
| Prepayments and accrued income |
|
3,814 |
|
|
300 |
|
| Creditors: amount falling due within one year |
|
(1,192,020) |
|
|
(1,190,769) |
|
|
Net current assets
|
|
|
(1,080,731)
|
|
|
(1,128,388)
|
|
Total assets less current liabilities
|
|
|
3,100,659 |
|
|
3,053,002 |
| Creditors: amount falling due after more than one year |
|
|
(1,745,624) |
|
|
(1,758,201) |
| Provisions for liabilities |
|
|
239 |
|
|
(101) |
|
Net assets
|
|
|
1,355,274 |
|
|
1,294,700 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
1,355,274 |
|
|
1,294,700 |
| |
NOTES TO THE ACCOUNTS
General Information
Grand Bassin Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 09989994, registration address 84 Clowne Road, Barlborough, Chesterfield, Derbyshire, S43 4EJ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Security Note
The short and long term loans are secured against the business assets.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
4,181,390 |
|
4,181,390 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2025 |
4,181,390 |
|
4,181,390 |
| Depreciation |
| At 01 April 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 March 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 31 March 2025 |
4,181,390 |
|
4,181,390 |
| Opening balance as at 01 April 2024 |
4,181,390 |
|
4,181,390 |
|
| 3. |
Average number of employees
Average number of employees during the year was 2 (2024 : 3).
|
| 4. |
Directors Loan
At 31st March 2025, the Directors Loan Account of £ 1,344,819 (2024 £1,362,941) is unsecured, repayable on demand and currently interest free. During the period the directors incurred the following transactions:
|
|
Balance B/F
£ |
|
Advances
£ |
|
Credits
£ |
|
Balance C/F
£ |
| Directors Loan |
|
(1,362,941) |
|
72,517 |
|
(54,395) |
|
(1,344,819) |
|
For the year ended 31 March 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 24 December 2025 and were signed on its behalf by: --------------------------------
Dr K S Khehra
Director |
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|