Best Nest Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09007199 (England and Wales)

BEST NEST LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

23RD APRIL 2014 TO 31ST MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mr M Rogers

Ms W M Whittaker-Large

REGISTERED OFFICE:

Goldcliffe Church Lane

Whittington

Worcester

Worcestershire

WR5 2RQ

REGISTERED NUMBER:

09007199 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Lloyds Bank plc

The Cross

Worcester

WR1 3PY

FIXED ASSETS

Tangible assets

2

282,712

CURRENT ASSETS

Stocks

79,003

Cash at bank

75,465

154,468

CREDITORS

Amounts falling due within one year

3

356,818

NET CURRENT LIABILITIES

(202,350

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,362

CREDITORS

Amounts falling due after more than one year

3

115,686

NET LIABILITIES

(35,324

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(35,424

)

SHAREHOLDERS' FUNDS

(35,324

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2015 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 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 28th August 2015 and were signed on its behalf by:

Mr M Rogers - Director

Ms W M Whittaker-Large - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Freehold property

-

Nil

Improvements to property

-

Nil

Plant and machinery

-

25% on reducing balance

No depreciation is provided on freehold property or improvements to property. The company follows a programme of

regular refurbishment and maintenance of its properties, which includes the reinstatement of the fabric of the buildings

where necessary in order to maintain them to a high standard. Accordingly in the opinion of the directors any element of

depreciation would be immaterial and no provision has been made. The directors consider the market value to be in excess

of cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate,

adjustments would have to be made to reduce assets to recoverable amounts, to provide for any further liabilities that might

arise and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

286,106

At 31st March 2015

286,106

DEPRECIATION

Charge for period

3,394

At 31st March 2015

3,394

NET BOOK VALUE

At 31st March 2015

282,712

3.

CREDITORS

Creditors include an amount of £ 119,474 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

£1

100

100 Ordinary A shares of £1 each were allotted and fully paid for cash at par during the period.

5.	COMPARATIVES

This is the company's first period of trade and therefore there are no comparatives.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Best Nest Limited for the period ended 31st March 2015 which comprise the Profit and Loss Account, the Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Best Nest Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Best Nest Limited and state those matters that we have agreed to state to the Board of Directors of Best Nest Limited, 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Best Nest Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Best Nest Limited. You consider that Best Nest 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 financial statements of Best Nest 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 financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

28th August 2015