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REGISTERED NUMBER: 04184230 (England and Wales)







Abridged Financial Statements for the Year Ended 31st March 2023

for

Evenbest Ltd

Evenbest Ltd (Registered number: 04184230)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Evenbest Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTORS: P Burgoyne
Ms R M Tomlinson





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 04184230 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Evenbest Ltd (Registered number: 04184230)

Abridged Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,291,000 1,140,000
1,291,000 1,140,000

CURRENT ASSETS
Debtors 243,160 139,311
Cash at bank and in hand 83,149 189,418
326,309 328,729
CREDITORS
Amounts falling due within one year 23,970 32,887
NET CURRENT ASSETS 302,339 295,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,593,339

1,435,842

CREDITORS
Amounts falling due after more than one
year

6

(658,846

)

(661,943

)

PROVISIONS FOR LIABILITIES 8 (155,700 ) (94,600 )
NET ASSETS 778,793 679,299

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 9 675,097 585,197
Retained earnings 103,694 94,100
778,793 679,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Evenbest Ltd (Registered number: 04184230)

Abridged Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd November 2023 and were signed on its behalf by:




P Burgoyne - Director



Ms R M Tomlinson - Director


Evenbest Ltd (Registered number: 04184230)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022
and 31st March 2023 2,000
DEPRECIATION
At 1st April 2022
and 31st March 2023 2,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

Evenbest Ltd (Registered number: 04184230)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 1,140,000
Revaluations 151,000
At 31st March 2023 1,291,000
NET BOOK VALUE
At 31st March 2023 1,291,000
At 31st March 2022 1,140,000

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2022 668,496
Valuation in 2023 151,000
Cost 471,504
1,291,000

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 471,504 471,504

Investment property was valued on an open market basis on 31st March 2023 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Mortgage 650,000 650,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 650,000 650,000

The above mortgage is secured against the property included within fixed assets.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 155,700 94,600

Deferred
tax
£   
Balance at 1st April 2022 94,600
Provided during year 61,100
Balance at 31st March 2023 155,700

Evenbest Ltd (Registered number: 04184230)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

9. RESERVES
Non-distributable
reserve
£   
At 1st April 2022 585,197
Investment property 89,900

At 31st March 2023 675,097