Base Garage Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 04163190

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,178,691		1,188,761

			1,178,691		1,188,761
CURRENT ASSETS
Debtors	5	349,000		566,000
Cash at bank and in hand		608,012		353,928

		957,012		919,928
Creditors: Amounts Falling Due Within One Year	6	(45,734 )		(24,210 )

NET CURRENT ASSETS (LIABILITIES)			911,278		895,718

TOTAL ASSETS LESS CURRENT LIABILITIES			2,089,969		2,084,479

PROVISIONS FOR LIABILITIES
Deferred Taxation			(605 )		(807 )

NET ASSETS			2,089,364		2,083,672

CAPITAL AND RESERVES
Called up share capital	7		103		103
Revaluation reserve	9		455,010		455,010
Profit and Loss Account			1,634,251		1,628,559

SHAREHOLDERS' FUNDS			2,089,364		2,083,672

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Base Garage Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Arnold

Director

04/09/2026

The notes on pages 4 to 7 form part of these financial statements.

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 March 2024	103	489,035	1,614,318	2,103,456
Profit for year	-	-	67,720	67,720

Surplus on revaluation	-	(57,505 )	-	(57,505 )

Other comprehensive income for the year	-	(57,505 )	-	(57,505 )

Total comprehensive income for the year	-	(57,505)	67,720	10,215

Dividends paid	-	-	(30,000)	(30,000)
Transfer to/from Fair value reserve	-	-	(23,479)	(23,479)
Transfer to/from Profit & Loss Account	-	23,480	-	23,480

As at 28 February 2025 and 1 March 2025	103	455,010	1,628,559	2,083,672


Profit for the year and total comprehensive income	-	-	35,692	35,692

Dividends paid	-	-	(30,000)	(30,000)

As at 28 February 2026	103	455,010	1,634,251	2,089,364

1. General Information

Base Garage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04163190 . The registered office is The Old Astra Cinema, Great Bricett, Ipswich, IP7 7DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	5% Straight line
Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	15% Reducing balance
Computer Equipment	33% Straight Line

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Base Garage Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	1	1
Sales, marketing and distribution	2	2

	3	3

4. Tangible Assets

	Land & Property
	Freehold	Investment Properties	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 March 2025	240,880	1,142,689	4,015	8,560

As at 28 February 2026	240,880	1,142,689	4,015	8,560

Depreciation
As at 1 March 2025	199,056	-	3,378	4,949
Provided during the period	9,008	-	159	903

As at 28 February 2026	208,064	-	3,537	5,852

Net Book Value
As at 28 February 2026	32,816	1,142,689	478	2,708

As at 1 March 2025	41,824	1,142,689	637	3,611


	Computer Equipment	Total
	£	£
Cost
As at 1 March 2025	562	1,396,706

As at 28 February 2026	562	1,396,706

Depreciation
As at 1 March 2025	562	207,945
Provided during the period	-	10,070

As at 28 February 2026	562	218,015

...CONTINUED

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Base Garage Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

Net Book Value
As at 28 February 2026	-	1,178,691

As at 1 March 2025	-	1,188,761

Cost or valuation as at 28 February 2026 represented by:

	Land & Property
	Freehold	Investment Properties	Plant & Machinery	Motor Vehicles
	£	£	£	£
At cost	240,880	613,018	4,015	8,560
At valuation	-	529,671	-	-

	240,880	1,142,689	4,015	8,560


	Computer Equipment	Total
	£	£
At cost	562	867,035
At valuation	-	529,671

	562	1,396,706

5. Debtors

	2026	2025
	£	£
Due within one year
Directors' loan accounts	-	217,000
Due after more than one year
Amounts owed by associates	349,000	349,000

	349,000	566,000

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	11,324	22,960
Accruals and deferred income	1,019	989
Directors' loan accounts	33,391	261

	45,734	24,210

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	103	103

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Base Garage Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2026
	£	£	£	£	£
Mr Stewart Arnold	217,000	-	217,000	-	-

The above loan is unsecured, interest free and repayable on demand.

9. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 March 2025	455,010	1,628,559
Profit for the year and total comprehensive income	-	35,692

Dividends paid	-	(30,000)

As at 28 February 2026	455,010	1,634,251

10. Related Party Transactions

Included in currect assets is a loan of £349,000 (2025: £349,000) owed from S&S Properties (Needham Market) Ltd a company 50% owned by the director Stewart Arnold.

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