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Registered Number: 14917663
England and Wales

 

 

 

BETTER NEST LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 06 June 2023

End date: 30 June 2024
Director Samuel James Jenkins
Registered Number 14917663
Registered Office 5 Blenheim Court
Peppercorn Close
Peterborough
England
PE1 5DU
Accountants aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
1
  2024
    £ £
Fixed assets   50 
Current assets 65,239   
Creditors: amount falling due within one year (80,000)  
Net current assets   (14,761)
Total assets less current liabilities   (14,711)
Net assets   (14,711)
 

     
Capital and reserves   (14,711)
 
NOTES TO THE ACCOUNTS

General Information
Better Nest Limited is a private company, limited by shares, registered in England and Wales, registration number 14917663, registration address 5 Blenheim Court, Peppercorn Close, Peterborough, England, PE1 5DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
2.

Average number of employees including directors

Average number of employees during the period was 1.

3.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2024
£
2024
£
Related Parties79,050 

During the year the company entered into the following related party transactions: Owed to Solutions Delivered Limited registration number 12063264 controlled by similar parties £80,000 on an interest free basis repayable on demand. Owed by Three Weavers Limited registration number 15259449 controlled by similar parties £950 on an interest free basis repayable on demand
4.

Director’s loan

Directors Loan

During the year the directors borrowed £1,306 this has been repaid within 9 months of the year end.

For the period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 10 December 2024 and were signed by:


--------------------------------
Samuel James Jenkins
Director
2