L.Best & Son,Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00511312 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

L.Best & Son,Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Hitchcock

Mrs M Hitchcock

SECRETARY:

Mrs M Hitchcock

REGISTERED OFFICE:

10 Grovehill Drive

Falmouth

Cornwall

TR11 3HS

REGISTERED NUMBER:

00511312 (England and Wales)

ACCOUNTANTS:

Briants Limited

Maritime House

Discovery Quay

Falmouth

Cornwall

TR11 3XA

FIXED ASSETS

Tangible assets

4

68

91

Investment property

5

1,260,000

1,260,068

1,260,091

CURRENT ASSETS

Debtors

6

2,887

2,339

Cash at bank

6,768

11,919

9,655

14,258

CREDITORS

Amounts falling due within one year

7

3,145

3,629

NET CURRENT ASSETS

6,510

10,629

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,266,578

1,270,720

PROVISIONS FOR LIABILITIES

201,738

201,724

NET ASSETS

1,064,840

1,068,996

CAPITAL AND RESERVES

Called up share capital

104,000

Revaluation reserve

8

761,713

Capital redemption reserve

5,500

Retained earnings

193,627

197,783

SHAREHOLDERS' FUNDS

1,064,840

1,068,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

M Hitchcock - Director

Mrs M Hitchcock - Director

1.	STATUTORY INFORMATION

L.Best & Son,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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2025

and 28 February 2026

1,220

DEPRECIATION

At 1 March 2025

1,129

Charge for year

23

At 28 February 2026

1,152

NET BOOK VALUE

At 28 February 2026

68

At 28 February 2025

91

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

and 28 February 2026

1,260,000

NET BOOK VALUE

At 28 February 2026

1,260,000

At 28 February 2025

1,260,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 1982

50,377

Valuation in 1990

191,336

Valuation in 2003

(80,000

)

Valuation in 2007

400,000

Valuation in 2012

200,000

Valuation in 2024

300,000

Cost

198,287

1,260,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

198,287

The investment properties were valued on an open market basis basis on 28 February 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other debtors

535

-

Prepayments

2,352

2,339

2,887

2,339

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Tax

1,145

1,594

Social security and other taxes

-

21

Other creditors

625

Directors' current accounts

318

338

Accrued expenses

1,057

1,051

3,145

3,629

8.

RESERVES

Revaluation

reserve

£

At 1 March 2025

and 28 February 2026

761,713

9.	CONTROLLING PARTY

Control of the company is exercised by Mr and Mrs Hitchcock who own 100% of the shares in the company and are the company directors.