BASKETDROP LTD.

Company Registration Number:
11396648 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2026

Period of accounts

Start date: 1 February 2025

End date: 31 January 2026

BASKETDROP LTD.

Contents of the Financial Statements

for the Period Ended 31 January 2026

Directors report
Balance sheet
Additional notes
Balance sheet notes

BASKETDROP LTD.

Directors' report period ended 31 January 2026

The directors present their report with the financial statements of the company for the period ended 31 January 2026

Principal activities of the company

Basketdrop Ltd operates as a fully integrated cold-chain last-mile logistics enterprise. The company’s principal activities consist of developing and commercialising its proprietary "Droppoint" hardware (an AI-powered, secure residential SmartBox) and its "AI Track-Zero" software platform for journey routing and emissions optimisation. To support and commercially validate these logistics technologies, the company also runs sustainable wholesale food production, catering, and supply operations serving major public sector clients.



Directors

The director shown below has held office during the whole of the period from
1 February 2025 to 31 January 2026

Slydon Lungu

Secretary Hamududu Robert Simooya MBA Fin, FCCA, Cert IFR

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 September 2026

And signed on behalf of the board by:
Name: Slydon Lungu
Status: Director

BASKETDROP LTD.

Balance sheet

As at 31 January 2026

Notes 2026 2025


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 10,000,000 10,000,000
Tangible assets: 4 0 130,000
Investments: 5 0 85,451
Total fixed assets: 10,000,000 10,215,451
Current assets
Stocks: 6 215,451 4,401,916
Debtors: 7 217,404 65,651
Cash at bank and in hand: 1,953 2,658
Investments: 8 0 2,278
Total current assets: 434,808 4,472,503
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 9 ( 33,242 ) ( 7,845 )
Net current assets (liabilities): 401,566 4,464,658
Total assets less current liabilities: 10,401,566 14,680,109
Creditors: amounts falling due after more than one year: 10 0 ( 25,397 )
Provision for liabilities: ( 1,020 ) ( 1,020 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 10,400,546 14,653,692
Capital and reserves
Called up share capital: 14,653,692 14,653,692
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (4,253,146 ) 0
Total Shareholders' funds: 10,400,546 14,653,692

The notes form part of these financial statements

BASKETDROP LTD.

Balance sheet statements

For the year ending 31 January 2026 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 11 September 2026
and signed on behalf of the board by:

Name: Slydon Lungu
Status: Director

The notes form part of these financial statements

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 50 10

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2025 0 10,000,000 10,000,000
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 January 2026 0 10,000,000 10,000,000
Amortisation
At 1 February 2025 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 January 2026 0 0 0
Net book value
At 31 January 2026 0 10,000,000 10,000,000
At 31 January 2025 0 10,000,000 10,000,000

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2025 130,000 130,000
Additions
Disposals ( 130,000 ) ( 130,000 )
Revaluations
Transfers
At 31 January 2026 0 0
Depreciation
At 1 February 2025
Charge for year
On disposals
Other adjustments
At 31 January 2026
Net book value
At 31 January 2026 0 0
At 31 January 2025 130,000 130,000

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

5. Fixed assets investments note

Fixed asset investments reflect historical and ongoing acquisitions of commercial and production facilities in Zambia & China. These strategic assets are held long-term to support the company's downstream sustainable wholesale food procurement partnerships, innovations in food security supply lines, and integration with its primary cold-chain last-mile logistics networks. No revaluations or structural impairments have been recognised during the financial period.

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

6. Stocks

2026 2025
£ £
Stocks 215,451 4,401,916
Payments on account 0 0
Total 215,451 4,401,916

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

7. Debtors

2026 2025
£ £
Trade debtors 217,404 65,651
Prepayments and accrued income 0 0
Other debtors 0 0
Total 217,404 65,651
Debtors due after more than one year: 0 0

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

8. Current assets investments note

Current asset investments reflect highly liquid, short-term cash-equivalent instruments held to support immediate working capital requirements. During the current financial period, these remaining short-term holdings were fully liquidated to optimize liquidity channels and directly fund the active deployment phases of the company's localized cold-chain logistics operations. To simplify, current asset investments from last year were short-term funds held for daily cash needs. This year, we fully cashed them in to help pay for the rollout of our new cold-chain delivery operations.

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

9. Creditors: amounts falling due within one year note

2026 2025
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 33,242 7,845
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 33,242 7,845

BASKETDROP LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2026

10. Creditors: amounts falling due after more than one year note

2026 2025
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 25,397
Total 0 25,397