Tenbest Limited - Limited company - abbreviated

REGISTERED NUMBER: 03178874 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 2 OCTOBER 2012 TO 30 SEPTEMBER 2013

FOR

TENBEST LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Noe

P M Noe

SECRETARY:

Mrs E Noe

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

03178874 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

London

N15 6BL

FIXED ASSETS

Tangible assets

2

5,738,118

5,925,980

CURRENT ASSETS

Debtors

689,267

709,822

Investments

1,572,278

1,581,070

Cash at bank

923,619

9,211

3,185,164

2,300,103

CREDITORS

Amounts falling due within one year

2,639,050

2,071,697

NET CURRENT ASSETS

546,114

228,406

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,284,232

6,154,386

CREDITORS

Amounts falling due after more than one
year

3

4,974,749

5,033,827

NET ASSETS

1,309,483

1,120,559

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

850,075

Profit and loss account

459,308

270,384

SHAREHOLDERS' FUNDS

1,309,483

1,120,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2013 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 25 June 2014 and were signed on its behalf by:

P M Noe - Director

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 represents net invoiced sales of services, excluding value added tax.

Depreciation

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

Freehold property

-

not provided

Fixtures and fittings

-

15% on reducing balance

In accordance with Financial Reporting Standard for Smaller Entities, no depreciation or amortisation is

provided in respect of freehold investment properties nor on leasehold investment properties having an unexpired

term of more than twenty years. This departure from the requirements of the Companies Act 1985, for all

properties to be depreciated, is necessary, as the director considers that this accounting policy results in the

financial statements giving true and fair view.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 2 October 2012

5,927,815

Additions

103,399

Disposals

(291,234

)

At 30 September 2013

5,739,980

DEPRECIATION

At 2 October 2012

1,835

Charge for period

27

At 30 September 2013

1,862

NET BOOK VALUE

At 30 September 2013

5,738,118

At 1 October 2012

5,925,980

3.

CREDITORS

Creditors include an amount of £ 4,974,749 (1.10.12 - £ 5,033,827 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.9.13

1.10.12

£

Repayable otherwise than by instalments

4,974,749

5,033,827

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.9.13

1.10.12

value:

£

100

Share capital 1

£1

100

5.	CHARGE ON ASSETS

The bank loans and overdrafts are secured by a first charge over the company's freehold properties.

Tenbest Limited - Limited company - abbreviated - 11.0.0

Tenbest Limited - Limited company - abbreviated - 11.0.0