IRIS Accounts Production v24.2.0.383 12414957 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124149572023-03-31124149572024-03-31124149572023-04-012024-03-31124149572022-03-31124149572022-04-012023-03-31124149572023-03-3112414957ns15:EnglandWales2023-04-012024-03-3112414957ns14:PoundSterling2023-04-012024-03-3112414957ns10:Director12023-04-012024-03-3112414957ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112414957ns10:SmallEntities2023-04-012024-03-3112414957ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3112414957ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112414957ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112414957ns10:FullAccounts2023-04-012024-03-3112414957ns10:Director22023-04-012024-03-3112414957ns10:RegisteredOffice2023-04-012024-03-3112414957ns5:CurrentFinancialInstruments2024-03-3112414957ns5:CurrentFinancialInstruments2023-03-3112414957ns5:ShareCapital2024-03-3112414957ns5:ShareCapital2023-03-3112414957ns5:RetainedEarningsAccumulatedLosses2024-03-3112414957ns5:RetainedEarningsAccumulatedLosses2023-03-3112414957ns5:LandBuildings2023-04-012024-03-3112414957ns5:PlantMachinery2023-04-012024-03-3112414957ns5:LandBuildings2023-03-3112414957ns5:PlantMachinery2023-03-3112414957ns5:LandBuildings2024-03-3112414957ns5:PlantMachinery2024-03-3112414957ns5:LandBuildings2023-03-3112414957ns5:PlantMachinery2023-03-3112414957ns5:CostValuation2023-03-3112414957ns5:AdditionsToInvestments2024-03-3112414957ns5:DisposalsRepaymentsInvestments2024-03-3112414957ns5:CostValuation2024-03-31
REGISTERED NUMBER: 12414957 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEVEL BEST HOLDINGS LIMITED

LEVEL BEST HOLDINGS LIMITED (REGISTERED NUMBER: 12414957)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEVEL BEST HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs L Wilcox
J R H Wilcox





REGISTERED OFFICE: Croft Farm
Swinefleet
Goole
DN14 8DW





REGISTERED NUMBER: 12414957 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

LEVEL BEST HOLDINGS LIMITED (REGISTERED NUMBER: 12414957)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 333,911 403,214
Investments 5 249,401 286,288
583,312 689,502

CURRENT ASSETS
Cash at bank 269,957 12,199

CREDITORS
Amounts falling due within one year 6 110,467 123,207
NET CURRENT ASSETS/(LIABILITIES) 159,490 (111,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,802

578,494

PROVISIONS FOR LIABILITIES 51,978 69,304
NET ASSETS 690,824 509,190

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 690,724 509,090
690,824 509,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

LEVEL BEST HOLDINGS LIMITED (REGISTERED NUMBER: 12414957)

BALANCE SHEET - continued
31 March 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





J R H Wilcox - Director


LEVEL BEST HOLDINGS LIMITED (REGISTERED NUMBER: 12414957)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Level Best Holdings Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Croft Farm, Swinefleet, Goole, DN14 8DW.

The presentational currency of the financial statements is Pound Sterling (£).

The principal activity is that of a holding company.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the impact of Covid-19, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

LEVEL BEST HOLDINGS LIMITED (REGISTERED NUMBER: 12414957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 126,000 611,095 737,095
DEPRECIATION
At 1 April 2023 - 333,881 333,881
Charge for year - 69,303 69,303
At 31 March 2024 - 403,184 403,184
NET BOOK VALUE
At 31 March 2024 126,000 207,911 333,911
At 31 March 2023 126,000 277,214 403,214

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 100 100
Loans to group undertakings 249,301 286,188
249,401 286,288

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

LEVEL BEST HOLDINGS LIMITED (REGISTERED NUMBER: 12414957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS - continued
Loans to
group
undertakings
£   
At 1 April 2023 286,188
New in year 350,400
Repayment in year (387,287 )
At 31 March 2024 249,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 106,264 117,251
Other creditors 4,203 5,956
110,467 123,207

7. RELATED PARTY DISCLOSURES

During the year the company received the following amounts to its subsidiary

20242023
££
Rent28,80028,800
Management charge120,000120,000
Equipment hire201,600201,600

The amount due to Level Best Holdings Limited is shown in the notes to the accounts.

At the balance sheet date the company owed its directors £702 (2023: £2,956). The loan is free from interest and repayable on demand.