Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false2022-10-01Travel agency activities22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08228867 2022-10-01 2023-09-30 08228867 2021-10-01 2022-09-30 08228867 2023-09-30 08228867 2022-09-30 08228867 c:Director1 2022-10-01 2023-09-30 08228867 c:Director2 2022-10-01 2023-09-30 08228867 c:RegisteredOffice 2022-10-01 2023-09-30 08228867 d:PlantMachinery 2022-10-01 2023-09-30 08228867 d:PlantMachinery 2023-09-30 08228867 d:PlantMachinery 2022-09-30 08228867 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08228867 d:FreeholdInvestmentProperty 2023-09-30 08228867 d:FreeholdInvestmentProperty 2022-09-30 08228867 d:CurrentFinancialInstruments 2023-09-30 08228867 d:CurrentFinancialInstruments 2022-09-30 08228867 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08228867 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08228867 d:ShareCapital 2023-09-30 08228867 d:ShareCapital 2022-09-30 08228867 d:RetainedEarningsAccumulatedLosses 2023-09-30 08228867 d:RetainedEarningsAccumulatedLosses 2022-09-30 08228867 c:FRS102 2022-10-01 2023-09-30 08228867 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08228867 c:FullAccounts 2022-10-01 2023-09-30 08228867 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 08228867


BEST TRULLI LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
BEST TRULLI LIMITED
 
 
COMPANY INFORMATION


Directors
C A Long 
R W Long 




Registered number
08228867



Registered office
8th Floor
Becket House

36-38 Old Jewry

London

EC2R 8DD




Accountants
Xeinadin London Limited

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
BEST TRULLI LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 
BEST TRULLI LIMITED
REGISTERED NUMBER: 08228867

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
602
1,204

Investment property
 5 
540,339
540,339

  
540,941
541,543

Current assets
  

Cash at bank and in hand
  
115,244
160,354

  
115,244
160,354

Creditors: amounts falling due within one year
 6 
(23,176)
(22,189)

Net current assets
  
 
 
92,068
 
 
138,165

Total assets less current liabilities
  
633,009
679,708

  

Net assets
  
633,009
679,708


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
633,007
679,706

  
633,009
679,708


Page 1

 
BEST TRULLI LIMITED
REGISTERED NUMBER: 08228867
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




C A Long
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BEST TRULLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Best Trulli Limited is a private company limited by shares incorporated in England. The address of the registered company is given on the Company Information page of these financial statements.
The principal activity of the company was that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises amounts recognised by the company in respect of rents receivable during the year.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

Page 3

 
BEST TRULLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
BEST TRULLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 October 2022
4,107



At 30 September 2023

4,107



Depreciation


At 1 October 2022
2,903


Charge for the year on owned assets
602



At 30 September 2023

3,505



Net book value



At 30 September 2023
602



At 30 September 2022
1,204

Page 5

 
BEST TRULLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
540,339



At 30 September 2023
540,339





6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
7,649

Other creditors
19,576
7,220

Accruals and deferred income
3,600
7,320

23,176
22,189



7.


Related party transactions

As at 30 September 2023, the company owed the directors £19,576 (2022: £7,220).
During the year, the dividends of £10,600 (2022: £9,400) were distributed among the shareholders. 

 
Page 6