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REGISTERED NUMBER: 00915375 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Best Western Enterprises Limited

Best Western Enterprises Limited (Registered number: 00915375)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Best Western Enterprises Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs A Best
Mr A J Best
Mrs C C Best





SECRETARY: Mrs C C Best





REGISTERED OFFICE: Suite B
Blackdown House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: 00915375 (England and Wales)

Best Western Enterprises Limited (Registered number: 00915375)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,805 1,674
Investments 5 1,126,353 1,091,488
Investment property 6 2,145,000 1,995,000
3,355,158 3,088,162

CURRENT ASSETS
Debtors 7 7,011 14,787
Cash at bank 504,820 1,310,529
511,831 1,325,316
CREDITORS
Amounts falling due within one year 8 37,797 59,694
NET CURRENT ASSETS 474,034 1,265,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,829,192

4,353,784

PROVISIONS FOR LIABILITIES - 56,139
NET ASSETS 3,829,192 4,297,645

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,828,192 4,296,645
3,829,192 4,297,645

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:



Mr A J Best - Director



Mrs A Best - Director


Best Western Enterprises Limited (Registered number: 00915375)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Best Western Enterprises Limited 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 represents net rents receivable by the company for the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on straight line basis and 25% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Listed investments
Listed investments are shown at their most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised in profit and loss account.

Unlisted investments are held at fair value. Any aggregate surplus or deficit arising from changes in fair value are recognised in profit and loss account.

Other investments include Gold Bullion UK. The value of these investments are shown at their fair value. Any aggregate surplus or deficit arising from changes in fair value are recognised in profit and loss account.

Best Western Enterprises Limited (Registered number: 00915375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 15,048 - 15,048
Additions - 110,065 110,065
Disposals (11,995 ) - (11,995 )
At 31 January 2024 3,053 110,065 113,118
DEPRECIATION
At 1 February 2023 13,374 - 13,374
Charge for year 419 27,516 27,935
Eliminated on disposal (11,996 ) - (11,996 )
At 31 January 2024 1,797 27,516 29,313
NET BOOK VALUE
At 31 January 2024 1,256 82,549 83,805
At 31 January 2023 1,674 - 1,674

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 1,126,353 1,091,488

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 February 2023 1,032,478
Additions 279,408
Disposals (133,624 )
Revaluations (117,892 )
At 31 January 2024 1,060,370
NET BOOK VALUE
At 31 January 2024 1,060,370
At 31 January 2023 1,032,478

The investment represents shares in listed companies, valued at mid market price at the year end. The original cost of these investments was £703,994 (2023: £540,828).

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other Investment 59,010 -
Other investment addition 5,394 59,010
Revaluation of other Invt 1,579 -
65,983 59,010

Best Western Enterprises Limited (Registered number: 00915375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,995,000
Additions 567,519
Revaluations (417,519 )
At 31 January 2024 2,145,000
NET BOOK VALUE
At 31 January 2024 2,145,000
At 31 January 2023 1,995,000

The investment properties were valued at estimated market value by the directors on 31 January 2024.

The historic cost of the investment properties was £2,245,480 (2023: £1,700,480).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,323 12,663
Prepayments and accrued income 2,688 2,124
7,011 14,787

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,095 111
Tax 18,755 7,845
Social security and other taxes (5,509 ) 2,206
VAT 3,608 4,097
Other creditors (6,984 ) -
Other creditors - Mr M Best - 16,638
Directors' current accounts 354 3,112
Accruals and deferred income 26,478 25,685
37,797 59,694

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr A J Best
Balance outstanding at start of year (3,112 ) 910,934
Amounts advanced 3,112 -
Amounts repaid - (914,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (3,112 )

10. ULTIMATE CONTROLLING PARTY

Mr A Best holds the majority of the company's share capital at the year end.