Company Registration No. 02952645 (England and Wales)
Best Limited
Filleted Accounts
for the year ended 31 December 2024
Best Limited
Filleted Accounts
Contents
Best Limited
Company Information
for the year ended 31 December 2024
Company Number
02952645 (England and Wales)
Registered Office
101 Hodford Road
Golders Green
London
NW11 8EH
Accountants
Lacome & Co
Chartered Accountants
Sapphire House
73 St.Margarets Avenue
London
N20 9LD
Best Limited
Statement of financial position
as at 31 December 2024
Tangible assets
5,870,608
5,800,287
Cash at bank and in hand
199,296
150,299
Creditors: amounts falling due within one year
(643,461)
(661,574)
Net current liabilities
(444,131)
(511,262)
Total assets less current liabilities
5,426,477
5,289,025
Creditors: amounts falling due after more than one year
(3,847)
(13,548)
Net assets
5,422,630
5,275,477
Called up share capital
4,720,738
4,720,738
Profit and loss account
701,892
554,739
Shareholders' funds
5,422,630
5,275,477
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2025 and were signed on its behalf by
Mr Y Shoota
Director
Company Registration No. 02952645
Best Limited
Notes to the Accounts
for the year ended 31 December 2024
Best Limited is a private company, limited by shares, registered in England and Wales, registration number 02952645. The registered office is 101 Hodford Road, Golders Green, London, NW11 8EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents net invoiced rents receivable, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the period of the Lease.
Motor vehicles
Reducing balance method at 20% per annum.
Fixtures & fittings
Reducing balance method at 20% per annum.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
5,779,529
2,950
26,589
5,809,068
Additions
74,728
-
799
75,527
At 31 December 2024
5,854,257
2,950
27,388
5,884,595
At 1 January 2024
2,253
590
5,938
8,781
Charge for the year
444
472
4,290
5,206
At 31 December 2024
2,697
1,062
10,228
13,987
At 31 December 2024
5,851,560
1,888
17,160
5,870,608
At 31 December 2023
5,777,276
2,360
20,651
5,800,287
Amounts falling due within one year
Accrued income and prepayments
34
13
Best Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,320
10,620
Taxes and social security
48,651
53,491
Other creditors
3,989
3,989
Loans from directors
576,301
589,274
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
4,720,738 Ordinary shares of £1 each
4,720,738
4,720,738
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).