Bestyear Limited - Limited company - abbreviated - 11.6

Bestyear Limited - Limited company - abbreviated - 11.6

BESTYEAR LIMITED - Company Information

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REGISTERED NUMBER: 03209925 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

BESTYEAR LIMITED

BESTYEAR LIMITED (REGISTERED NUMBER: 03209925)






Contents of the Abbreviated Accounts
for the year ended 30 June 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

BESTYEAR LIMITED

Company Information
for the year ended 30 June 2014







DIRECTORS: R A Brown
J A Brown





SECRETARY: Mrs G H Brown





REGISTERED OFFICE: Almac House
Church Lane
Bisley
Woking
Surrey
GU24 9DR





REGISTERED NUMBER: 03209925 (England and Wales)





ACCOUNTANTS: Tilbury Young
Chartered Accountants
Almac House
Church Lane
Bisley
Woking
Surrey
GU24 9DR
Page 1
BESTYEAR LIMITED (REGISTERED NUMBER: 03209925)

Abbreviated Balance Sheet
30 June 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 1
Investments 3 100 100
Investment properties 4 4,892,600 4,807,600
4,892,701 4,807,701

CURRENT ASSETS
Debtors 1,364,471 1,081,604
Cash at bank 30,462 27,725
1,394,933 1,109,329
CREDITORS
Amounts falling due within one year 5 265,470 850,492
NET CURRENT ASSETS 1,129,463 258,837
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,022,164
5,066,538

CREDITORS
Amounts falling due after more than
one year
5
750,000
104,541
NET ASSETS 5,272,164 4,961,997

CAPITAL AND RESERVES
Called up share capital 6 200 200
Revaluation reserve 3,551,426 3,494,374
Profit and loss account 1,720,538 1,467,423
SHAREHOLDERS' FUNDS 5,272,164 4,961,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
BESTYEAR LIMITED (REGISTERED NUMBER: 03209925)

Abbreviated Balance Sheet - continued
30 June 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 25 March 2015 and were
signed on its behalf by:





J A Brown - Director


The notes form part of these abbreviated accounts

Page 3
BESTYEAR LIMITED (REGISTERED NUMBER: 03209925)

Notes to the Abbreviated Accounts
for the year ended 30 June 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as
modified by the revaluation of certain assets and in accordance with the Financial Reporting
Standard for Smaller Entities (effective April 2008).

Turnover
Turnover shown in the profit and loss account represents amounts invoiced in the year, in
respect of letting income, together with profits on sale of development properties.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of nil years.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit
arising from changes in market value is transferred to a revaluation reserve.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013
and 30 June 2014 1
NET BOOK VALUE

At 30 June 2014 1
At 30 June 2013 1

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 July 2013
and 30 June 2014 100
NET BOOK VALUE
At 30 June 2014 100
At 30 June 2013 100

Page 4 continued...
BESTYEAR LIMITED (REGISTERED NUMBER: 03209925)

Notes to the Abbreviated Accounts - continued
for the year ended 30 June 2014

3. FIXED ASSET INVESTMENTS - continued

The company's investments at the balance sheet date in the share capital of companies
include the following:

Associated company

Bells Commercial Limited
Nature of business: Property Management and Chartered Surveying
%
Class of shares: holding
Ordinary 50.00
2014 2013
£    £   
Aggregate capital and reserves 863,760 739,498
Profit for the year 238,254 151,320

4. INVESTMENT PROPERTIES
Total
£   
COST OR VALUATION
At 1 July 2013 4,807,600
Additions 27,948
Revaluations 57,052
At 30 June 2014 4,892,600
NET BOOK VALUE
At 30 June 2014 4,892,600
At 30 June 2013 4,807,600

5. CREDITORS

Creditors include an amount of £ 750,000 (2013 - £ 724,682 ) for which security has been
given.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
200 Ordinary £1 200 200

Page 5 continued...
BESTYEAR LIMITED (REGISTERED NUMBER: 03209925)

Notes to the Abbreviated Accounts - continued
for the year ended 30 June 2014

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
30 June 2014 and 30 June 2013:

2014 2013
£    £   
R A Brown
Balance outstanding at start of year 103,164 154,151
Amounts advanced 94,314 39,013
Amounts repaid - (90,000 )
Balance outstanding at end of year 197,478 103,164

The loan was made on an interest free basis and repayable on demand.

Page 6