Company Overview
The Basement Padstow Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 27 August 2013, so this is a well established company. The Basement Padstow Limited has been in business for 12 years and 7 months. The accounts status is total exemption full and the accounts are next due on Tuesday 31 December 2024.
Registered Address

Purnells, 5A Kernick Industrial Estate, Penryn, Cornwall, TR10 9EP
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Companies House Data
Company NameTHE BASEMENT PADSTOW LIMITED
Company Number08663788
Registered Office AddressPurnells
 5a Kernick Industrial Estate
 TR10 9EP
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date27/08/2013
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2024
Accounts Last Made Up Date31/03/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date24/09/2016
Returns Last Made Up Date27/08/2015
Directors & Members
David Flide - Director
(British, 48 years old, born September 1978)
Appointed 27 August 2013
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
David Flide
RESTAURANT AND HOTEL GUIDE LTD
THE BASEMENT PADSTOW LTD.
THE EMBERS WOOD FIRED PIZZA LTD
THE PADSTOW ICE CREAM COMPANY LTD
Balance Sheet Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2019 31-Mar-2018
Balance Sheet
Fixed Assets 143,108 143,108 157,611
Current Assets -14,696 -14,696 22,970
Creditors Due Within One Year 76,843 76,843 135,495
Working Cap -91,539 -91,539 -112,525
Total Assets Less Current Liabilities 51,569 51,569 45,086
Long-term Liabilities 50,315 50,315 14,482
Net Assets 1,254 1,254 30,604
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,254 1,254 30,604
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2019 31-Mar-2018
Tangible Fixed Assets - - -
Fixed Assets 111.4% 111.4% 87.3%
Stocks Inventory - - -
Debtors - - 7.3%
Cash Bank In Hand -15.9% -15.9% 2.4%
Current Assets -11.4% -11.4% 12.7%
Creditors Due Within One Year 59.8% 59.8% 75.0%
Net Current Assets Liabilities -71.3% -71.3% -62.3%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 1.0% 1.0% 16.9%
Capital Employed - - -
Total Assets Less Current Liabilities 40.2% 40.2% 25.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2019 31-Mar-2018
Liquidity Ratio -0.2 -0.2 0.2
Solvency Ratio 1.0 1.0 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2019 31-Mar-2018
Assets 128,412 128,412 180,581
Debt 127,158 127,158 149,977
Net Assets/Debt 1,254 1,254 30,604

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Liquidators' statement of receipts and payments to 28 February 2025
Registered office address changed from 11 Broad Street Padstow PL28 8BS England to Purnells 5a Kernick Industrial Estate Penryn Cornwall TR10 9EP on 5 March 2024
Appointment of a voluntary liquidator
Resolutions
Statement of affairs
Confirmation statement made on 22 July 2023 with updates
Confirmation statement made on 22 July 2022 with updates
Change of details for Mr David Flide as a person with significant control on 1 January 2021
Confirmation statement made on 27 August 2021 with updates
Director's details changed for Mr David Flide on 1 January 2021
Director's details changed for Mr David Flide on 1 January 2021
Change of details for Mr David Flide as a person with significant control on 1 January 2021
Registered office address changed from C/O the Basement Padstow 51 Molesworth Street Wadebridge Cornwall PL27 7DR to 11 Broad Street Padstow PL28 8BS on 28 May 2021
Confirmation statement made on 27 August 2020 with no updates
Confirmation statement made on 27 August 2019 with no updates
Confirmation statement made on 27 August 2018 with no updates
Confirmation statement made on 27 August 2017 with no updates
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