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Company Registration No. 01363243 (England and Wales)
Flourishbest Limited Unaudited accounts for the year ended 29 October 2024
Flourishbest Limited Unaudited accounts Contents
Page
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Flourishbest Limited Company Information for the year ended 29 October 2024
Director
Robert Clive Patmore
Secretary
Maria Patmore
Company Number
01363243 (England and Wales)
Registered Office
2nd Floor 43-45 High Road Bushey Heath England WD23 1EE
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Flourishbest Limited for the year ended 29 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Flourishbest Limited for the year ended 29 October 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Charterwells Chartered Accountants Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE 23 July 2025
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Flourishbest Limited Statement of financial position as at 29 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,792 
30,389 
Investment property
2,847,428 
2,847,428 
2,870,220 
2,877,817 
Current assets
Debtors
1,002,575 
1,003,953 
Investments
143,000 
143,000 
Cash at bank and in hand
568,283 
507,310 
1,713,858 
1,654,263 
Creditors: amounts falling due within one year
(365,321)
(398,541)
Net current assets
1,348,537 
1,255,722 
Net assets
4,218,757 
4,133,539 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
1,189,752 
1,189,752 
Profit and loss account
3,028,905 
2,943,687 
Shareholders' funds
4,218,757 
4,133,539 
For the year ending 29 October 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 24 July 2025 and were signed on its behalf by
Robert Clive Patmore Director Company Registration No. 01363243
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Flourishbest Limited Notes to the Accounts for the year ended 29 October 2024
1
Statutory information
Flourishbest Limited is a private company, limited by shares, registered in England and Wales, registration number 01363243. The registered office is 2nd Floor 43-45 High Road, Bushey Heath, England, WD23 1EE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
25% NBV
Motor vehicles
25% NBV
Fixtures & fittings
25% NBV
Computer equipment
25% NBV
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Flourishbest Limited Notes to the Accounts for the year ended 29 October 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 30 October 2023
55,045 
184,970 
17,921 
750 
258,686 
At 29 October 2024
55,045 
184,970 
17,921 
750 
258,686 
Depreciation
At 30 October 2023
55,033 
155,193 
17,332 
739 
228,297 
Charge for the year
3 
7,444 
147 
3 
7,597 
At 29 October 2024
55,036 
162,637 
17,479 
742 
235,894 
Net book value
At 29 October 2024
9 
22,333 
442 
8 
22,792 
At 29 October 2023
12 
29,777 
589 
11 
30,389 
5
Investment property
2024 
£ 
Fair value at 30 October 2023
2,847,428 
At 29 October 2024
2,847,428 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
602,575 
602,575 
Accrued income and prepayments
- 
1,378 
602,575 
603,953 
Amounts falling due after more than one year
Other debtors
400,000 
400,000 
7
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
143,000 
143,000 
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Flourishbest Limited Notes to the Accounts for the year ended 29 October 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
9,905 
9,905 
Taxes and social security
6,712 
5,309 
Loans from directors
346,904 
381,527 
Accruals
1,800 
1,800 
365,321 
398,541 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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