Abbreviated Company Accounts - BESTQUEST LTD

04416515 BESTQUEST LTD 2015-04-30 false 2014-05-01 2015-04-30 true 04416515 2014-05-01 2015-04-30 04416515 2015-04-30 04416515 2014-04-30 04416515 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 04416515 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 04416515

BESTQUEST LTD

Abbreviated Accounts

30 April 2015

BESTQUEST LTD Registered Number 04416515

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	429,898	429,898
		429,898	429,898
Current assets
Debtors		135,875	120,098
Cash at bank and in hand		15,516	18,777
		151,391	138,875
Creditors: amounts falling due within one year		(120,550)	(120,134)
Net current assets (liabilities)		30,841	18,741
Total assets less current liabilities		460,739	448,639
Creditors: amounts falling due after more than one year		(397,953)	(397,963)
Total net assets (liabilities)		62,786	50,676
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		62,785	50,675
Shareholders' funds		62,786	50,676

For the year ending 30 April 2015 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 1 June 2016

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 2015

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 2014	429,898
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	429,898
Depreciation
At 1 May 2014	-
Charge for the year	-
On disposals	-
At 30 April 2015	-
Net book values
At 30 April 2015	429,898
At 30 April 2014	429,898

All fixed assets are initially recorded at cost.

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

	2015 £	2014 £
1 Ordinary share of £1 each	1	1