Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-06-01 false true No description of principal activity 1 1 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13415975 2024-06-01 2025-03-31 13415975 2023-06-01 2024-05-31 13415975 2025-03-31 13415975 2024-05-31 13415975 c:Director1 2024-06-01 2025-03-31 13415975 d:FreeholdInvestmentProperty 2025-03-31 13415975 d:FreeholdInvestmentProperty 2024-05-31 13415975 d:CurrentFinancialInstruments 2025-03-31 13415975 d:CurrentFinancialInstruments 2024-05-31 13415975 d:Non-currentFinancialInstruments 2025-03-31 13415975 d:Non-currentFinancialInstruments 2024-05-31 13415975 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13415975 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13415975 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 13415975 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 13415975 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 13415975 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 13415975 d:ShareCapital 2025-03-31 13415975 d:ShareCapital 2024-05-31 13415975 d:RetainedEarningsAccumulatedLosses 2025-03-31 13415975 d:RetainedEarningsAccumulatedLosses 2024-05-31 13415975 c:FRS102 2024-06-01 2025-03-31 13415975 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-03-31 13415975 c:FullAccounts 2024-06-01 2025-03-31 13415975 c:PrivateLimitedCompanyLtd 2024-06-01 2025-03-31 13415975 e:PoundSterling 2024-06-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 13415975 BASIL PROJECTS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
BASIL PROJECTS LIMITED REGISTERED NUMBER: 13415975 BALANCE SHEET AS AT 31 MARCH 2025
|  | 31 March |  | 31 May
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 400,054 |  | 400,054
|  |  | 400,054 |  | 400,054
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 7,452 |  | 2,502 |
Cash at bank and in hand | 6 | 3,374 |  | 2,563 |
|  | 10,826 |  | 5,065 |
Creditors: amounts falling due within one year | 7 | (120,972) |  | (115,048) |
Net current liabilities |  |  | (110,146) |  | (109,983)
Total assets less current liabilities |  |  | 289,908 |  | 290,071
Creditors: amounts falling due after more than one year | 8 |  | (289,863) |  | (289,863)
Net assets |  |  | 45 |  | 208
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | 43 |  | 206
|  |  | 45 |  | 208
Page 1
BASIL PROJECTS LIMITED REGISTERED NUMBER: 13415975 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings 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 on 12 March 2026.
P E Cowley
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
BASIL PROJECTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | General information
The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 13415975). The address of the registered office is 43 Canning Street, Liverpool, United Kingdom, L8 7NN. The company holds investment property. These financial statements present information about the company as an individual undertaking. The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred. Page 3
BASIL PROJECTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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.
| 2.6 | Investment property
Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.
| 2.7 | Debtors
Short-term debtors are measured at 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.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the period was 1 (2024 - 1).
Page 4
BASIL PROJECTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 June 2024 | 400,054
| At 31 March 2025 | 400,054
The 2025 valuations were made by a Director, on an open market value basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 400,054 | 400,054
|  | 400,054 | 400,054
5. | Debtors
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 7,450 | 2,500
| Called up share capital not paid | 2 | 2
|  | 7,452 | 2,502
6. | Cash and cash equivalents
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 3,374 | 2,563
|  | 3,374 | 2,563
Page 5
BASIL PROJECTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to other participating interests | 120,000 | 115,000
| Corporation tax | 972 | 48
|  | 120,972 | 115,048
| The following liabilities were secured:
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Charge code 1341 5975 0001 | 274,172 | 289,863
|  | 274,172 | 289,863
| Details of security provided:
The investment property is secured via a fixed charge dated 8 April 2024.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 289,863 | 289,863
|  | 289,863 | 289,863
Page 6
BASIL PROJECTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 31 March | 31 May
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 289,863 | 289,863
|  | 289,863 | 289,863
|  | 289,863 | 289,863
10. | Related party transactions
| Included in other debtors is an amount of £7,450 (2024: £2,500) owed by P. Cowley, a company director. The amounts were repaid post-year-end. Included in other creditors is an amount of £10,000 (2024 - £5,000) owed by Baker House Limited, a company connected to a director. This loan is unsecured, interest free and there are no fixed repayment terms.
11. | Controlling party
The company is controlled by its directors.
Page 7