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REGISTERED NUMBER: 03943379







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BEST ENVIRONMENTAL LIMITED

BEST ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 03943379)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEST ENVIRONMENTAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: E Briers
J Rooke





SECRETARY: J Rooke





REGISTERED OFFICE: Anchor Sidings
Glascote Road
Tamworth
Staffordshire
B77 2AN





REGISTERED NUMBER: 03943379





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

BEST ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 03943379)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,728 8,750
Investment property 5 5,796,500 4,739,716
5,951,228 4,748,466

CURRENT ASSETS
Debtors 6 5,255 3,976
Cash at bank 993,566 855,700
998,821 859,676
CREDITORS
Amounts falling due within one year 7 110,232 119,657
NET CURRENT ASSETS 888,589 740,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,839,817

5,488,485

PROVISIONS FOR LIABILITIES 348,103 -
NET ASSETS 6,491,714 5,488,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,491,614 5,488,385
SHAREHOLDERS' FUNDS 6,491,714 5,488,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BEST ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 03943379)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





E Briers - Director


BEST ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 03943379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Best Environmental Limited is a private company, limited by shares, registered in United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Investment property
Investment properties are included in the Balance sheet at their open market value in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

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 (2023 - NIL).

BEST ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 03943379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 July 2023 8,750
Additions 147,999
At 30 June 2024 156,749
DEPRECIATION
Charge for year 2,021
At 30 June 2024 2,021
NET BOOK VALUE
At 30 June 2024 154,728
At 30 June 2023 8,750

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 4,739,716
Revaluations 1,056,784
At 30 June 2024 5,796,500
NET BOOK VALUE
At 30 June 2024 5,796,500
At 30 June 2023 4,739,716

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2014 379,234
Valuation in 2024 1,056,784
Cost 4,360,482
5,796,500

Investment property was valued on an open market basis on 31/12/2024 by Avison Young Surveyors.

BEST ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 03943379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 756 756
Other debtors 4,499 3,220
5,255 3,976

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 100
Taxation and social security 34,431 52,426
Other creditors 75,801 67,131
110,232 119,657

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its parent company, WM. M Briers & Son (Tamworth) Limited, registered office Anchor Sidings, Glascote Road, Tamworth, Staffs, B77 2AN.