Abbreviated Company Accounts - BESTQUEST LTD

04416515 BESTQUEST LTD 2014-04-30 false 2013-05-01 2014-04-30 true 04416515 2013-05-01 2014-04-30 04416515 2014-04-30 04416515 2013-04-30 04416515 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 04416515 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 04416515

BESTQUEST LTD

Abbreviated Accounts

30 April 2014

BESTQUEST LTD Registered Number 04416515

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	429,898	429,898
		429,898	429,898
Current assets
Debtors		120,098	105,129
Cash at bank and in hand		18,777	18,776
		138,875	123,905
Creditors: amounts falling due within one year		(120,134)	(116,709)
Net current assets (liabilities)		18,741	7,196
Total assets less current liabilities		448,639	437,094
Creditors: amounts falling due after more than one year		(397,963)	(397,954)
Total net assets (liabilities)		50,676	39,140
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		50,675	39,139
Shareholders' funds		50,676	39,140

For the year ending 30 April 2014 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 directors acknowledge 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.

Approved by the Board on 7 July 2015

And signed on their behalf by:
Heinrich Feldman, Director

BESTQUEST LTD Registered Number 04416515

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover of the company consists solely of rental income.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 May 2013	429,898
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	429,898
Depreciation
At 1 May 2013	-
Charge for the year	-
On disposals	-
At 30 April 2014	-
Net book values
At 30 April 2014	429,898
At 30 April 2013	429,898

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1