| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st December 2025 |
| for |
| Best4business Accountants & Company |
| Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st December 2025 |
| for |
| Best4business Accountants & Company |
| Limited |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2025 |
| Page |
| Company Information | 1 |
| Income Statement | 2 |
| Other Comprehensive Income | 3 |
| Balance Sheet | 4 |
| Cash Flow Statement | 6 |
| Notes to the Cash Flow Statement | 7 |
| Notes to the Financial Statements | 8 |
| Best4business Accountants & Company |
| Limited |
| Company Information |
| for the Year Ended 31st December 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Income Statement |
| for the Year Ended 31st December 2025 |
| 2025 | 2024 |
| Notes | £'000 | £'000 |
| TURNOVER |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Administrative expenses | ( |
) | ( |
) |
| 284 | 124 |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest payable and similar expenses | ( |
) | ( |
) |
| PROFIT BEFORE TAXATION |
| Tax on profit | 5 | ( |
) | ( |
) |
| PROFIT FOR THE FINANCIAL YEAR |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Other Comprehensive Income |
| for the Year Ended 31st December 2025 |
| 2025 | 2024 |
| Notes | £'000 | £'000 |
| PROFIT FOR THE YEAR |
| OTHER COMPREHENSIVE INCOME |
| Net gains/(losses) on investments | ( |
) |
| Revaluation gain/(loss) | ( |
) |
| Income tax relating to components of other comprehensive income |
| OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX |
( |
) |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Balance Sheet |
| 31st December 2025 |
| 2025 | 2024 |
| Notes | £'000 | £'000 |
| FIXED ASSETS |
| Intangible assets | 6 |
| Tangible assets | 7 |
| Investments | 8 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 9 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 10 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 11 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 13 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 14 |
| Revaluation reserve | 15 |
| Other reserves | 15 |
| Retained earnings | 15 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Balance Sheet - continued |
| 31st December 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Cash Flow Statement |
| for the Year Ended 31st December 2025 |
| 2025 | 2024 |
| Notes | £'000 | £'000 |
| Cash flows from operating activities |
| Cash generated from operations | 1 |
| Interest paid | ( |
) | ( |
) |
| Tax paid | ( |
) | ( |
) |
| Net cash from operating activities |
| Cash flows from investing activities |
| Purchase of intangible fixed assets | ( |
) |
| Purchase of tangible fixed assets | ( |
) | ( |
) |
| Purchase of fixed asset investments | (4 | ) | (7 | ) |
| Sale of tangible fixed assets |
| Net cash from investing activities | ( |
) | ( |
) |
| Cash flows from financing activities |
| New loans in year |
| Loan repayments in year | ( |
) | ( |
) |
| Amount withdrawn by directors | (13 | ) | (22 | ) |
| Share issue |
| Equity dividends paid | ( |
) | ( |
) |
| Net cash from financing activities | ( |
) |
| Increase in cash and cash equivalents |
| Cash and cash equivalents at beginning of year | 2 | 28 |
| Cash and cash equivalents at end of year | 2 | 94 |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Cash Flow Statement |
| for the Year Ended 31st December 2025 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| 2025 | 2024 |
| £'000 | £'000 |
| Profit before taxation |
| Depreciation charges |
| Finance costs | 3 | 11 |
| 491 | 305 |
| Decrease/(increase) in stocks | ( |
) |
| Increase in trade and other debtors | ( |
) | ( |
) |
| Increase/(decrease) in trade and other creditors | ( |
) |
| Cash generated from operations |
| 2. | CASH AND CASH EQUIVALENTS |
| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
| Year ended 31st December 2025 |
| 31/12/25 | 1/1/25 |
| £'000 | £'000 |
| Cash and cash equivalents | 185 | 94 |
| Bank overdrafts | ( |
) |
| 182 | 94 |
| Year ended 31st December 2024 |
| 31/12/24 | 1/1/24 |
| £'000 | £'000 |
| Cash and cash equivalents | 94 | 50 |
| Bank overdrafts | ( |
) |
| 94 | 28 |
| 3. | ANALYSIS OF CHANGES IN NET DEBT |
| At 1/1/25 | Cash flow | At 31/12/25 |
| £'000 | £'000 | £'000 |
| Net cash |
| Cash at bank | 94 | 91 | 185 |
| Bank overdrafts | - | (3 | ) | (3 | ) |
| 94 | 182 |
| Debt |
| Debts falling due within 1 year | (135 | ) | (103 | ) | (238 | ) |
| Debts falling due after 1 year | (620 | ) | 259 | (361 | ) |
| (755 | ) | 156 | (599 | ) |
| Total | (661 | ) | 244 | (417 | ) |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2025 |
| 1. | STATUTORY INFORMATION |
| Best4business Accountants & Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next 12 months. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the Company obtains the right to consideration. Unbilled work as at 31st December 2025 has been accrued. |
| 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. |
| Depreciation |
| Depreciation had been provided at the following rates of in order to write-off the assets over their estimated useful lives. |
| Motor vehicles -20% reducing balance |
| Computer and office equipment - over 2 to 4 years (straight line) |
| Fixtures, fittings and equipment - over 2 to 4 years (straight line) |
| No depreciation is provided on freehold land. Freehold property is carried at fair value therefore no depreciation is provided. Valuations are undertaken by the directors at the end of each reporting period using open market value on an existing use basis. The Company considers that the adoption of this policy is necessary to give a true and fair view. |
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value. Net realisable value is based upon estimated normal selling price less further cost expected to be incurred to completing or disposal. Provisions is made where costs are not expected to be fully recovered. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains and losses on translation are included in the Profit and Loss account. |
| Pension costs |
| The company operates a defined contribution pension scheme for the benefit of its employees. Its contributions are charges to the Profit and Loss account for year or period in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals and prepayments at the year end of the period. |
| Current taxation |
| Corporation tax payable is provided on taxable profits at the current rate. |
| Government grants |
| Capital based government grants are included within accruals and deferred income in the balance sheet and credited to trading profit over the estimated useful economic lives of the assets to which they relate. |
| Client monies |
| Monies collected on behalf of clients are held on trust in a separately administered bank account not shown in the balance sheet. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2025 | 2024 |
| £'000 | £'000 |
| Depreciation - owned assets |
| Computer software amortisation |
| 5. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 2025 | 2024 |
| £'000 | £'000 |
| Current tax: |
| UK corporation tax |
| Deferred tax | ( |
) | ( |
) |
| Tax on profit |
| Tax effects relating to effects of other comprehensive income |
| 2025 |
| Gross | Tax | Net |
| £'000 | £'000 | £'000 |
| Net gains/(losses) on investments | ( |
) | - | (26 | ) |
| Revaluation gain/(loss) | ( |
) | - | (25 | ) |
| (51 | ) | - | (51 | ) |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 5. | TAXATION - continued |
| 2024 |
| Gross | Tax | Net |
| £'000 | £'000 | £'000 |
| Net gains on investments | - | 3 |
| Revaluation gain |
| 3 | - | 3 |
| 6. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £'000 |
| COST |
| At 1st January 2025 |
| and 31st December 2025 |
| AMORTISATION |
| At 1st January 2025 |
| Charge for year |
| At 31st December 2025 |
| NET BOOK VALUE |
| At 31st December 2025 |
| At 31st December 2024 |
| 7. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Motor | Computer |
| property | fittings | vehicles | equipment | Totals |
| £'000 | £'000 | £'000 | £'000 | £'000 |
| COST OR VALUATION |
| At 1st January 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Revaluations | ( |
) | ( |
) |
| At 31st December 2025 |
| DEPRECIATION |
| At 1st January 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st December 2025 |
| NET BOOK VALUE |
| At 31st December 2025 |
| At 31st December 2024 |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 7. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31st December 2025 is represented by: |
| Fixtures |
| Freehold | and | Motor | Computer |
| property | fittings | vehicles | equipment | Totals |
| £'000 | £'000 | £'000 | £'000 | £'000 |
| Valuation in 2024 | 955 | - | - | - | 955 |
| Valuation in 2025 | (25 | ) | - | - | - | (25 | ) |
| Cost | - | 292 | 240 | 185 | 717 |
| 930 | 292 | 240 | 185 | 1,647 |
| 8. | FIXED ASSET INVESTMENTS |
| Investments |
| £'000 |
| COST OR VALUATION |
| At 1st January 2025 |
| Additions |
| At 31st December 2025 |
| PROVISIONS |
| Revaluation adjustments | 26 |
| At 31st December 2025 | 26 |
| NET BOOK VALUE |
| At 31st December 2025 |
| At 31st December 2024 |
| Cost or valuation at 31st December 2025 is represented by: |
| Investments |
| £'000 |
| Valuation in 2024 | 132 |
| Cost | 4 |
| 136 |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 8. | FIXED ASSET INVESTMENTS - continued |
| The book value of all listed investments at the end of the reporting period was £110,000 (2024: £132,000). |
| The Company's investments in its subsidiary company, Hansen Sweeney Limited, represents 100% of the issued ordinary share capital of that company, which is registered in England, Number: 0922 9351, and which provides advisory services relating to US and other overseas individuals and businesses. |
| At the end of the year the Company held 100 shares of £1.00 each of the issued share capital of Hansen Sweeney Limited, whose aggregate share capital and reserves at that date were £31,000 [2024: £58,000]. |
| The Company's investments in its subsidiary company, Best4Business (Technology Partners) Limited, represents 100% of the issued ordinary share capital of that company, which is registered in England, Number: 1085 9135, and which provide IT consulting services. |
| At the end of the year the Company held 1,000 shares of £0.10 each of the issued share capital of Best4business (Technology Partners) Limited, whose aggregate share capital and reserves at that date were £3,000 [2024: £3,000]. |
| The Company's investments in its subsidiary company, First Choice Accountancy (Best4business) Limited , represents 100% of the issued ordinary share capital of that company, which is registered in England, Number: 1157 7434, and which provides accountancy and tax services for private individuals in the UK. |
| At the end of the year the Company held 1000 shares of £0.10 each of the issued share capital of First Choice Accountancy (Best4business) Limited, whose aggregate share capital and reserves at that date were £3,000 [2024: £2,000]. |
| The Company's investments in its subsidiary company, 1st Choice Incorporations Ltd, represents 100% of the issued ordinary share capital of that company, which is registered in England, Number: 12268043, and which provides limited company formation services in th UK. |
| At the end of the year the Company held 1000 shares of £0.10 each of the issued share capital of 1st Choice Incorporations Ltd, whose aggregate share capital and reserves at that date were £nil [2024: £nil]. |
| The Company's investments in the associated company, Treethorpe Limited, represents 2.07% of the issued ordinary share capital of that company, which is registered in England, Number: 0617 2161, and which provides professional genealogy services to individuals and businesses. |
| At the end of the year the Company held 1,498 shares of £0.01 each of the issued share capital of Treethorpe Limited, whose aggregate share capital and reserves at the date of its most recent accounting period were £563,000 [2024: £537,000]. |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £'000 | £'000 |
| Trade debtors |
| Amounts owed by participating interests | 40 | 101 |
| Other debtors |
| Other debtors comprise deposits, prepayments, employee loans and director loans of £15,000 [2024: (£2,000)] |
| Amounts owed by participating interests consist short term loans provided to subsidiary and associated entities; as at the end of the year Hansen Sweeney Limited £38,000, [2024: £25,000], First Choice Accountancy (Best4business) Limited £1,000, [2024: £8,000] and 1st Choice Incorporations Limited £1,000, [2024: -£10,000]. |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £'000 | £'000 |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to participating interests | 12 | 16 |
| Taxation and social security |
| Other creditors |
| Other creditors comprise accruals, short-term loans provided to the Company and pension liabilities. |
| Amounts owed to participating interests consist short term loans provided by subsidiary and associated entities; as at the end of the year Best4business (Technology Partners) Limited £12,000 [2024: £6,000]. All are repayable on demand. |
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £'000 | £'000 |
| Bank loans |
| Other creditors |
| Other creditors comprise business loans provided to the company repayable within 5 years. |
| 12. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £'000 | £'000 |
| Within one year |
| Between one and five years |
| 13. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £'000 | £'000 |
| Deferred tax | 55 | 79 |
| Deferred |
| tax |
| £'000 |
| Balance at 1st January 2025 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31st December 2025 |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 14. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £'000 | £'000 |
| 'A' Ordinary | 0.01 | - | - |
| 'B' Ordinary | 0.01 | 1 | - |
| 'C' Ordinary | 0.01 | - | - |
| 1 | - |
| 15. | RESERVES |
| Retained | Revaluation | Other |
| earnings | reserve | reserves | Totals |
| £'000 | £'000 | £'000 | £'000 |
| At 1st January 2025 | 933 |
| Profit for the year | - | - |
| Dividends | ( |
) | - | - | ( |
) |
| Movement in year | - | (25 | ) | - | (25 | ) |
| Other comprehensive income | - | - | (26 | ) | (26 | ) |
| At 31st December 2025 | 1,109 |
| 16. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st December 2025 and 31st December 2024: |
| 2025 | 2024 |
| £'000 | £'000 |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 17. | RELATED PARTY DISCLOSURES |
| Hansen Sweeney Limited |
| The company sells, on normal commercial terms, management, accounting, bookkeeping and payroll services to Hansen Sweeney Limited, a company registered in England with number 9229351, a wholly owned subsidiary company of which Mr RC Mohabaty is a director. The value of such sales during the period being reported was £188,000 [2024: £120,000] excluding VAT. |
| The total balance due from Hansen Sweeney Limited at the end of the period was £38,000 [2024: £25,000]. |
| Best4business (Technology Partners) Limited |
| The company sells, on normal commercial terms, management, accounting, bookkeeping and payroll services to Best4business (Technology Partners) Limited, a company registered in England with number 10859135, a wholly owned subsidiary company of which Mr RC Mohabaty is a director. The value of such sales during the period being reported was £188,000 [2024: £164,000] excluding VAT. |
| The company also purchases, on normal commercial terms, IT consultancy services from Best4business (Technology Partners) Limited. The value of such purchases during the period being reported was £315,000 [2024: £288,000] excluding VAT. |
| The total balance due to Best4business (Technology Partners) Limited at the end of the period was £12,000 [2024: £6,000]. |
| First Choice Accountancy (Best4business) Ltd |
| The company sells, on normal commercial terms, management, accounting, bookkeeping and payroll services to First Choice Accountancy (Best4business) Ltd, a company registered in England with number 11577434, a wholly owned subsidiary company of which Mr RC Mohabaty is a director. The value of such sales during the period being reported was £24,000 [2024: £23,000] excluding VAT. |
| The total balance due from First Choice Accountancy (Best4business) Ltd at the end of the period was £1,000 [2024: £8,000]. |
| Taylor Keeble LLP |
| The company sells, on normal commercial terms, management, accounting, bookkeeping and payroll services to Taylor Keeble LLP , a limited liability partnership registered in England with number OC412705, of which Mr RC Mohabaty is a designated partner. The value of such sales during the period being reported was £514,000 [2024: £497,000] excluding VAT. |
| The company also purchases, on normal commercial terms, management, accounting, bookkeeping and payroll services from Taylor Keeble LLP. The value of such purchases during the period being reported was £735,000 [2024: £640,000] excluding VAT. |
| The total balance due from Taylor Keeble LLP at the end of the period was £22,000 [2024: £68,000]. |
| 1st Choice Incorporations Ltd |
| The company sells, on normal commercial terms, management, accounting, bookkeeping and payroll services to 1st Choice Incorporations Ltd, a company registered in England with number 12268043, a wholly owned subsidiary company of which Mr RC Mohabaty is a director. The value of such sales during the period being reported was £186,000 [2024: £247,000] excluding VAT. |
| The company also purchases, on normal commercial terms, company secretarial and incorporation services from 1st Choice Incorporations Ltd. The value of such purchases during the period being reported was £139,000 [2024: £204,000] excluding VAT. |
| The total balance due from 1st Choice Incorporations Ltd at the end of the period was £1,000 [2024: -£10,000]. |
| Bhakar Greenfield LLP |
| The total balance due from Bhakar Greenfield LLP, a limited liability partnership registered in England with number OC457510, at the end of the period was £14,000 [2024: £- ]. |
| Best4business Accountants & Company |
| Limited (Registered number: 04331988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| Treethorpe Limited |
| The company sells, on normal commercial terms, management, accounting, bookkeeping and payroll services to Treethorpe Limited, a company registered in England number 06172161, of which Mr RC Mohabaty is a majority shareholder and director. The commercial transactions between the two companies are at arm's length. |
| 18. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Mr RC Mohabaty who directly owns and/or controls 25.8% [2024: 72.9%] of issued ordinary share capital of the Company, and indirectly owns and/or controls another 63.38% [2024: nil%] via Treethorpe SSAS1, a Small Self-Administered Scheme that Mr Mohabaty is sole Trustee of. |