Registered number
01875489
Pepper Best Limited
Filleted Accounts
30 April 2025

Pepper Best Limited
Registered number: | 01875489
Balance Sheet
as at 30 April 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 8,040 |  |  | 12,911
Investments | 4 |  |  | 720,000 |  |  | 720,000
|  |  |  | 728,040 |  |  | 732,911
Current assets
Debtors | 5 |  | - |  |  | 62,796
Cash at bank and in hand |  |  | 44,429 |  |  | 44,919
|  |  | 44,429 |  |  | 107,715
Creditors: amounts falling due within one year | 6 |  | (185,772) |  |  | (93,719)
Net current (liabilities)/assets |  |  |  | (141,343) |  |  | 13,996
Total assets less current liabilities |  |  |  | 586,697 |  |  | 746,907
Creditors: amounts falling due after more than one year | 7 |  |  | (6,000) |  |  | (167,044)
Provisions for liabilities |  |  |  | (47,961) |  |  | (47,961)
Net assets |  |  |  | 532,736 |  |  | 531,902
Capital and reserves
Called up share capital |  |  |  | 200 |  |  | 200
Fair value reserve |  |  |  | 301,243 |  |  | 301,243
Profit and loss account |  |  |  | 231,293 |  |  | 230,459
Shareholders' funds |  |  |  | 532,736 |  |  | 531,902
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.
I C Pepper
Director
Approved by the board on 7 January 2026

Pepper Best Limited
Notes to the Accounts
for the year ended 30 April 2025
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:
| Fixtures and fittings | over 4 years
| Computer equipment | over 3 years
| Investments
| Investments in 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.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 3 |  | 3
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 May 2024 | 18,870
| At 30 April 2025 | 18,870
| Depreciation
| At 1 May 2024 | 5,959
| Charge for the year | 4,871
| At 30 April 2025 | 10,830
| Net book value
| At 30 April 2025 | 8,040
| At 30 April 2024 | 12,911
4 | Investments
investment
property | Total
£ | £
| Fair value
| At 1 May 2024 | 720,000 |  | 720,000
| At 30 April 2025 | 720,000 |  | 720,000
| Fair value at 30 April 2024 is represented by:
| Cost | 370,796
| Valuation in 2007 | 396,124
| Valuation in 2009 | (288,718)
| Valuation in 2017 | 113,718
| Valuation in 2020 | 6,080
| Valuation in 2022 | 72,000
| Valuation in 2023 | 30,000
| Valuation in 2024 | 20,000
| At 30 April 2025 | 720,000
| If investment properties had not been revalued they would have been included at the following historical cost:
|  |  |  |  |  | 2025 |  | 2024
£ | £
| Cost | 370,796 |  | 370,796
| Investment properties were valued on an open market basis on 30 April 2025 by the directors.
5 | Debtors | 2025 |  | 2024
£ | £
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | - |  | 62,796
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 1,200 |  | 1,200
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 51,525 |  | -
| Taxation and social security costs | 319 |  | 754
| Other creditors | 132,728 |  | 91,765
|  |  |  |  |  | 185,772 |  | 93,719
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 6,000 |  | 167,044
8 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 3,444 |  | 3,444
| Secured bank loans | 7,200 |  | 168,244
| The bank loans and overdraft are secured on the investment properties of the companies by way of fixed and floating charges. The present borrowing is less than the security needed but charges have been left in place in anticipation of future developments.
9 | Related party transactions
| Included in creditors is £51,525 (2024: £62,796 due from Pepper Best Developments Limited) due to Pepper Best Developments Limited a company under the control of the directors. Interest has not been charged on the balance.
10 | Other information
| Pepper Best Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 2 Nurseries Close
| Exton
| Exeter
| Devon
| EX3 0PG

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