ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company registration number: 14549345

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	BEST PROPERTIES INVESTMENT LTD


BEST PROPERTIES INVESTMENT LTD

COMPANY INFORMATION

Director	E. J. Best (appointed 28 March 2024)


Registered number	14549345


Registered office	Wyldecrest House
	857 London Road
	West Thurrock
	RM20 3AT


Accountant	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


BEST PROPERTIES INVESTMENT LTD

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


BEST PROPERTIES INVESTMENT LTD REGISTERED NUMBER:14549345

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		4,422,811		1,587,138
			4,422,811		1,587,138
Current assets
Debtors: amounts falling due within one year	5	286,671		4,749
Cash at bank and in hand		8,507		38,178
		295,178		42,927
Creditors: amounts falling due within one year	6	(1,781,514)		(1,537,244)
Net current (liabilities)			(1,486,336)		(1,494,317)
Total assets less current liabilities			2,936,475		92,821
Creditors: amounts falling due after more than one year			(2,748,916)		-

Net assets			187,559		92,821

Capital and reserves
Allotted and called up share capital	100	100
Profit and loss account	187,459	92,721
	187,559	92,821

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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BEST PROPERTIES INVESTMENT LTD REGISTERED NUMBER:14549345

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

E. J. Best

Director

Date: 17 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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BEST PROPERTIES INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Best Properties Investment Ltd is a private company limited by shares, incorporated in England and Wales under the Companies Act 2006. The address of the Company's trading address and registered office is disclosed on the company information page.
The previous accounting period covered a longer period from incorporation to 31 December 2023, and therefore is not directly comparable to the current year.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue represents amounts receivable from rent and utilities received from the investment properties.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and the director and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Employees

The Company has no employees other than the directors, who did not receive any remuneration.

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BEST PROPERTIES INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	1,587,138
	Additions at cost	2,829,599
	Prior year adjustment	6,074
	At 31 December 2024	4,422,811

The 2024 valuations were made by the director, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2024	2023
	£	£

	Historic cost	4,422,811	1,593,212
		4,422,811	1,593,212

Debtors

					2024	2023
					£	£


Trade debtors	3,125	324
Amounts owed by associated undertakings	13,335	-
Other debtors	222,418	4,325
Called up share capital not paid	100	100
Prepayments and accrued income	47,693	-
	286,671	4,749

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BEST PROPERTIES INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Mortgage	40,867	-
Trade creditors	6,882	14,257
Amounts owed to associates	1,569,393	1,452,302
Corporation tax	36,340	31,107
Accruals and deferred income	128,032	39,578
	1,781,514	1,537,244

Cambridge & Counties Bank Limited holds fixed and floating charges which are secured against the asset and undertakings of the company.

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Mortgage	2,748,916	-
	2,748,916	-

Amounts falling due within one year
Mortgage	40,867	-
	40,867	-

Amounts falling due 2-5 years
Mortgage	163,470	-
	163,470	-
Amounts falling due after more than 5 years
Mortgage	2,585,446	-
	2,585,446	-
	2,789,783	-

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BEST PROPERTIES INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Prior year adjustment

Subsequent to the previous year end the company received an updated completion statement as regards the purchase of the property which led to an increase in cost of £6,074 and a reduction of reserves.

10.	Related party transactions
	As at 31 December 2024 the Company owed £1,565,068 (2023: £1,447,977) to UK Properties Management Limited and were owed £222,418 (2023 - £Nil) from Tranquility Parks Limited, companies under the control of the previous director. There was no interest charged on this balance.

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