BETTER INTELLIGENT MANAGEMENT LIMITED


Director	SONG, Ieong Kong


Registered Address	314 Carshalton Road
	Carshalton
	SM5 3QB


Registered Number	12260594 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,574,760		1,574,760
Investments	4		122,699		78,765
			1,697,459		1,653,525
Current assets
Debtors		440,967		387,958
Cash at bank and on hand		86,109		45,276
		527,076		433,234
Creditors amounts falling due within one year		(64,000)		(67,381)
Net current assets (liabilities)			463,076		365,853
Total assets less current liabilities			2,160,535		2,019,378
Creditors amounts falling due after one year	5		(2,976,297)		(2,595,652)
Net assets			(815,762)		(576,274)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(815,763)		(576,275)
Shareholders' funds			(815,762)		(576,274)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
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 and authorised for issue by the Director on 27 July 2026, and are signed on its behalf by:

SONG, Ieong Kong
Director
Registered Company No. 12260594

BETTER INTELLIGENT MANAGEMENT LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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. A deferred tax liability on capital allowances linked to investment properties has not been provided as it is expected that they will not reverse when the properties are disposed of.

Deferred tax

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.

A deferred tax liability on capital allowances linked to investment properties has not been provided as it is expected that they will not reverse when the properties are disposed of.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investment properties are those properties that are held either to earn rental income or for capital appreciation or both. Investment properties are initially measured at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from the changes in the fair value of investment properties are recognised in the Statement of Comprehensive Income in the year in which they arise. Investment properties are stated at fair value as determined by the Directors, based upon external valuations. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation, in accordance with International Valuation Standards. In determining the fair value of investment properties, the directors make use of historical and current market data as well as existing lease agreements. Additions and disposal of investment properties are recognised in the accounts when the risks and rewards of the ownership are transferred.

Investments

Investment properties are those properties that are held either to earn rental income or for capital appreciation or both.

Investment properties are initially measured at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from the changes in the fair value of investment properties are recognised in the Statement of Comprehensive Income in the year in which they arise.

Investment properties are stated at fair value as determined by the Directors, based upon external valuations. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation, in accordance with International Valuation Standards. In determining the fair value of investment properties, the directors make use of historical and current market data as well as existing lease agreements.

Additions and disposal of investment properties are recognised in the accounts when the risks and rewards of the ownership are transferred.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 November 24	1,574,760
	At 31 October 25	1,574,760
	Net book value
	At 31 October 25	1,574,760
	At 31 October 24	1,574,760

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 November 24	78,765
	Additions	43,934
	At 31 October 25	122,699
	Net book value
	At 31 October 25	122,699
	At 31 October 24	78,765

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	2,976,297	2,595,652
Total	2,976,297	2,595,652


	Transactions with directors mainly arose business expenses paid on behalf of the company. As at 31 October 2025, the amounts of £620,000 and £1,756,298 owing to its associated companies Basic Investment Group Ltd and Basic Investment Team Limited respectively, in which Mr. I K Song is the director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

Transactions with directors mainly arose business expenses paid on behalf of the company.

As at 31 October 2025, the amounts of £620,000 and £1,756,298 owing to its associated companies Basic Investment Group Ltd and Basic Investment Team Limited respectively, in which Mr. I K Song is the director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

6.	Related party transactions
	As at 31 October 2025, there was still an amount of £599,999 owing to the director, Mr. I K Song (as at 31 October 2024: £499,999). This amount is interest free, unsecured and has no fixed repayment terms.