OBSERVER BASEMENT LIMITED


Director	HAIGH, Steven John


Registered Address	78 Maliston Road
	Great Sankey
	Warrington
	WA5 1JS


Registered Number	14362323 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		629,724		416,565
			629,724		416,565
Current assets
Debtors		4,633		30,230
Cash at bank and on hand		23		35
		4,656		30,265
Creditors amounts falling due within one year	4	(445,435)		(328,752)
Net current assets (liabilities)			(440,779)		(298,487)
Total assets less current liabilities			188,945		118,078
Creditors amounts falling due after one year			(191,743)		(120,000)
Net assets			(2,798)		(1,922)
Capital and reserves
Called up share capital			20		20
Profit and loss account			(2,818)		(1,942)
Shareholders' funds			(2,798)		(1,922)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 April 2026, and are signed on its behalf by:

HAIGH, Steven John
Director
Registered Company No. 14362323

OBSERVER BASEMENT LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Investment property


		£
	Fair value at 01 August 24	416,565
	Additions	213,159
	At 31 July 25	629,724

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	443,533	326,850
Accrued liabilities and deferred income	1,902	1,902
Total	445,435	328,752

5.	Related party transactions
	The amounts owed from Haigh Developments - Intro House Ltd is £1,393 (2024 - £1,902), of which Mr S Haigh is a Director. The amounts owed from Haigh Developments - Observer Building Ltd is £3,240 (2024 - £10,300), of which Mr S Haigh is a Director. The amounts owed to SJH Renovations Ltd is £443,533 (2024 - £326,850), of which Mr S Haigh is a Director.