Besty Limited - Period Ending 2013-11-30

30 November 2013

Ordinary Shares of £1 each

BESTY LIMITED - Company Information

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Registration number: 8303171

Besty Limited

Unaudited Abbreviated Accounts

for the Period from 22 November 2012 to 30 November 2013

Andrew Keates & Associates
Accountants & Tax Advisors
Clock Tower House
Trueman Street
Liverpool
Merseyside
L3 2BA

Besty Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Besty Limited
for the Period Ended 30 November 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Besty Limited for the period ended 30 November 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Besty Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Besty Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Besty Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Besty Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Besty Limited. You consider that Besty Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Besty Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Andrew Keates & Associates
Accountants & Tax Advisors
Clock Tower House
Trueman Street
Liverpool
Merseyside
L3 2BA

22 August 2014

Page 1

Besty Limited
(Registration number: 8303171)
Abbreviated Balance Sheet at 30 November 2013

	Note	30 November 2013 £
Fixed assets
Tangible fixed assets		204,520
Current assets
Cash at bank and in hand		2,729
Creditors: Amounts falling due within one year		(208,738)
Net current liabilities		(206,009)
Net liabilities		(1,489)
Capital and reserves
Called up share capital	3	1
Profit and loss account		(1,490)
Shareholders' deficit		(1,489)

For the year ending 30 November 2013 the company was entitled to exemption 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 his 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 .

Approved by the director on 22 August 2014

.........................................
Mr RP Best
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Besty Limited
Notes to the Abbreviated Accounts for the Period from 22 November 2012 to 30 November 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation has not been applied in respect of the Leasehold property interest

Asset class	Depreciation method and rate
Leasehold buildings	Depreciation not applied

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	204,520	204,520
At 30 November 2013	204,520	204,520
Depreciation
At 30 November 2013	-	-
Net book value
At 30 November 2013	204,520	204,520

Page 3

Besty Limited
Notes to the Abbreviated Accounts for the Period from 22 November 2012 to 30 November 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

4	Related party transactions

Director's advances and credits

	22 November 2012 to 30 November 2013 Advance/ Credit £	22 November 2012 to 30 November 2013 Repaid £
Mr RP Best
	52,678	-

Page 4