Registered number
04069384
Bestgreat Ltd
Filleted Accounts
30 September 2024
Bestgreat Ltd
Registered number: 04069384
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,300 -
Tangible assets 4 10,457,289 10,402,455
Investments 5 3,555,900 3,555,900
14,019,489 13,958,355
Current assets
Debtors 6 316,942 274,412
Cash at bank and in hand 44,079 71,109
361,021 345,521
Creditors: amounts falling due within one year 7 125,362 (127,964)
Net current assets 486,383 217,557
Total assets less current liabilities 14,505,872 14,175,912
Creditors: amounts falling due after more than one year 8 (9,672,395) (9,205,507)
Net assets 4,833,477 4,970,405
Capital and reserves
Called up share capital 4 4
Share premium 3,781,331 3,781,331
Revaluation reserve 9 91,000 91,000
Profit and loss account 961,142 1,098,070
Shareholders' funds 4,833,477 4,970,405
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Eliezer Solomon Benedikt
Director
Approved by the board on 12 June 2025
Bestgreat Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in properties, subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
Additions 6,300
At 30 September 2024 6,300
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 6,300
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 10,397,217 21,892 10,419,109
Additions 55,884 - 55,884
At 30 September 2024 10,453,101 21,892 10,474,993
Depreciation
At 1 October 2023 - 16,654 16,654
Charge for the year - 1,050 1,050
At 30 September 2024 - 17,704 17,704
Net book value
At 30 September 2024 10,453,101 4,188 10,457,289
At 30 September 2023 10,397,217 5,238 10,402,455
5 Investments
Other
investments
£
Cost
At 1 October 2023 3,555,900
At 30 September 2024 3,555,900
6 Debtors 2024 2023
£ £
Trade debtors 3,899 6,369
Other debtors 313,043 268,043
316,942 274,412
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors (274,870) -
Taxation and social security costs 34,926 34,926
Other creditors 114,582 93,038
(125,362) 127,964
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,722,946 4,732,946
Other creditors 4,949,449 4,472,561
9,672,395 9,205,507
9 Revaluation reserve 2024 2023
£ £
At 1 October 2023 91,000 91,000
At 30 September 2024 91,000 91,000
10 Related party transactions
Mr Eliezer Solomon Benedikt and his wife, Mrs Nechy Benedikt own a controlling interest in the issued share capital of the company. Mr and Mrs Benedikt have provided personal guarantees of £337,500 in respect of the borrowings of the company
Included in debtors are £60,439 due from Benard Invest Ltd and £ 8,000 due from Valeswood Estates Limited of which Mr and Mrs Benedikt are directors. These loans are interest free and repayable on demand.
Other interest-bearing loan shown under long term creditors is due to Abaris Limited of which Mr and Mrs Benedikt are directors.
11 Other information
Bestgreat Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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