REGISTERED NUMBER: 06990861 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

BEST SEAT IN THE HOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Merry

Mrs E V Merry

REGISTERED OFFICE:

2 Manor Farm Court,

Old Wolverton Road,

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

06990861 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Intangible assets

4

27,000

33,750

Tangible assets

5

6,033

8,045

33,033

41,795

CURRENT ASSETS

Debtors

6

30,966

39,615

Cash at bank

26,700

13,485

57,666

53,100

CREDITORS

Amounts falling due within one year

7

63,529

62,176

NET CURRENT LIABILITIES

(5,863

)

(9,076

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,170

32,719

PROVISIONS FOR LIABILITIES

1,147

2,012

NET ASSETS

26,023

30,707

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

25,923

30,607

SHAREHOLDERS' FUNDS

26,023

30,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2026 and were signed on its behalf by:

Mr P J Merry - Director

1.	STATUTORY INFORMATION

Best Seat in the House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

135,000

AMORTISATION

At 1 September 2024

101,250

Amortisation for year

6,750

At 31 August 2025

108,000

NET BOOK VALUE

At 31 August 2025

27,000

At 31 August 2024

33,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

9,695

1,149

9,006

23,295

43,145

DEPRECIATION

At 1 September 2024

9,474

1,113

5,849

18,664

35,100

Charge for year

55

9

789

1,159

2,012

At 31 August 2025

9,529

1,122

6,638

19,823

37,112

NET BOOK VALUE

At 31 August 2025

166

27

2,368

3,472

6,033

At 31 August 2024

221

36

3,157

4,631

8,045

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

216

10,865

Amounts owed by associates

-

5,000

Other debtors

30,750

12,750

Prepayments

-

11,000

30,966

39,615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

2,495

2,495

Trade creditors

8,174

6,783

Tax

14,203

7,768

VAT

5,731

6,496

Directors' current accounts

32,252

36,628

Accrued expenses

674

2,006

63,529

62,176

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100