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Base Estates Limited |
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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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Base Estates Limited |
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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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Base Estates Limited (Registered number: 05661970) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Base Estates Limited |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
48 - 52 Penny Lane |
Mossley Hill |
Liverpool |
Merseyside |
L18 1DG |
Base Estates Limited (Registered number: 05661970) |
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Balance Sheet |
31 December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 5 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Base Estates Limited (Registered number: 05661970) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Base Estates Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net rents receivable, excluding value added tax. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair |
value is recognised in profit or loss. |
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3. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 January 2017 |
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Additions |
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Revaluations | 50,000 |
At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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Fair value at 31 December 2017 is represented by: |
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£ |
Valuation in 2015 | 165,500 |
Valuation in 2016 | 82,000 |
Valuation in 2017 | 50,000 |
Cost | 1,292,500 |
1,590,000 |
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If Investment property had not been revalued it would have been included at the following historical cost: |
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31.12.17 | 31.12.16 |
£ | £ |
Cost | 1,292,500 | 747,500 |
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Investment property was valued on an open market basis on 31 December 2017 by the director . |
Base Estates Limited (Registered number: 05661970) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Bank loans |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.17 | 31.12.16 |
£ | £ |
Bank loans |
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7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 January 2017 |
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Fair value reserve | 42,975 |
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At 31 December 2017 |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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