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Registered Number: 12819569
England and Wales

 

 

 

BRITNEST LTD



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 2,590,000    2,480,603 
2,590,000    2,480,603 
Current assets      
Debtors 270,391   
Cash at bank and in hand 16,456    136,333 
286,847    136,333 
Creditors: amount falling due within one year (69,520)   (220,131)
Net current assets 217,327    (83,798)
 
Total assets less current liabilities 2,807,327    2,396,805 
Creditors: amount falling due after more than one year (2,366,643)   (2,054,253)
Provisions for liabilities (116,903)   (96,054)
Net assets 323,781    246,498 
 

Capital and reserves
     
Called up share capital 100    100 
Revaluation Reserves 472,038    409,491 
Fair Value Reserves (472,038)   (409,491)
Profit and loss account 323,681    246,398 
Shareholders' funds 323,781    246,498 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 24 July 2025 and were signed on its behalf by:


-------------------------------
Naveen Kumar PATHA
Director
1
General Information
BRITNEST LTD is a private company, limited by shares, registered in England and Wales, registration number 12819569, registration address Flat 4 , 63 Shooters Hill Road, London, SE3 7HS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2024 2,480,603    2,480,603 
Additions 26,001    26,001 
Disposals  
Revaluations 83,396    83,396 
At 31 December 2024 2,590,000    2,590,000 
Investment properties are valued annually by the directors on a fair value basis.


4.

Fair Value Reserves

2024
£
  2023
£
Fair Value Reserve- (472,038)   (409,491)
(472,038)   (409,491)

2