Best Lettings Limited

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best lettings limited Company Information

Company Number

03089520

Next Accounts

Dec 2025

Directors

Bimal Shah

Shareholders

sona madhvani

Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Registered Address

1 bell street, 2nd floor, london, NW1 5BY

Website

www.direct-housing.co.uk

best lettings limited Estimated Valuation

£82.3k

Pomanda estimates the enterprise value of BEST LETTINGS LIMITED at £82.3k based on Net Assets of £48.1k and 1.71x industry multiple (adjusted for liquidity).

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Best Lettings Limited is a live company located in london, NW1 5BY with a Companies House number of 03089520. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 1995, it's largest shareholder is sona madhvani with a 100% stake. Best Lettings Limited is a mature, micro sized company, Pomanda has estimated its turnover at £3.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Best Lettings Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

4 Regular

5 Weak

Size

annual sales of £3.2k, make it smaller than the average company (£922k)

Growth

3 year (CAGR) sales growth of -73%, show it is growing at a slower rate (4.9%)

EXPORT

Best Lettings Limited's latest turnover from March 2024 is estimated at £3.3 thousand and the company has net assets of £48.1 thousand. According to their latest financial statements, we estimate that Best Lettings Limited has 1 employee and maintains cash reserves of £156.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Sep 2009
Turnover	3,250	169,543	283,605	167,350	279,513	282,676	253,763	246,036	0	55,988	67,395	70,508	25,103	41,428	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	794	42,720	71,159	41,730	72,084	75,152	63,540	61,867	0	18,771	21,903	21,693	7,710	13,288	0
Gross Profit	2,456	126,824	212,446	125,620	207,429	207,524	190,223	184,169	0	37,217	45,491	48,815	17,393	28,140	0
Admin Expenses	18,923	131,671	203,555	112,808	202,645	204,715	189,522	177,951	2,672	44,724	44,622	50,147	12,250	11,095	-16,541
Operating Profit	-16,467	-4,847	8,891	12,812	4,784	2,809	701	6,218	-2,672	-7,507	869	-1,332	5,143	17,045	16,541
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,292	17,205	2,567	194	86	867	611	278	478	202	57	85	133	73	87
Pre-Tax Profit	-1,175	12,358	11,458	13,006	4,870	3,675	1,312	6,496	-2,194	-7,305	926	-1,247	5,276	17,118	16,628
Tax	0	-2,348	-2,177	-2,471	-925	-698	-249	-1,299	0	0	-213	0	-1,372	-4,793	-4,656
Profit After Tax	-1,175	10,010	9,281	10,535	3,945	2,977	1,063	5,197	-2,194	-7,305	713	-1,247	3,904	12,325	11,972
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,175	10,010	9,281	10,535	3,945	2,977	1,063	5,197	-2,194	-7,305	713	-1,247	3,904	12,325	11,972
Employee Costs	32,499	30,378	29,544	26,859	54,785	54,115	52,357	51,179	0	26,000	24,811	23,981	23,982	23,462	0
Number Of Employees	1	1	1	1	2	2	2	2	0	1	1	1	1	1	0
EBITDA*	-16,467	-4,847	8,891	12,812	4,784	2,809	701	6,218	-2,672	-7,507	869	-1,309	5,151	17,055	16,555

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Sep 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	23	31	41
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	23	31	41
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	275	0	34,500	18,000	0	0	0	0	0	602	6,742	7,614	1,974	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	156,164	426,405	383,250	301,263	86,835	85,467	145,661	98,836	123,833	67,498	13,242	9,727	24,106	29,066	34,899
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	156,439	426,405	417,750	319,263	86,835	85,467	145,661	98,836	123,833	68,100	19,984	17,341	26,080	29,066	34,899
total assets	156,439	426,405	417,750	319,263	86,835	85,467	145,661	98,836	123,833	68,100	19,984	17,341	26,103	29,097	34,940
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	0	59,610	4,189	2,259	9,774	16,672	22,868
Group/Directors Accounts	1,055	366,869	368,467	280,942	1,470	67,471	130,696	84,939	116,337	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	107,255	10,232	9,989	8,308	65,887	2,463	2,409	2,404	1,200	0	0	0	0	0	0
total current liabilities	108,310	377,101	378,456	289,250	67,357	69,934	133,105	87,343	117,537	59,610	4,189	2,259	9,774	16,672	22,868
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	108,310	377,101	378,456	289,250	67,357	69,934	133,105	87,343	117,537	59,610	4,189	2,259	9,774	16,672	22,868
net assets	48,129	49,304	39,294	30,013	19,478	15,533	12,556	11,493	6,296	8,490	15,795	15,082	16,329	12,425	12,072
total shareholders funds	48,129	49,304	39,294	30,013	19,478	15,533	12,556	11,493	6,296	8,490	15,795	15,082	16,329	12,425	12,072

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Sep 2009
Operating Activities
Operating Profit	-16,467	-4,847	8,891	12,812	4,784	2,809	701	6,218	-2,672	-7,507	869	-1,332	5,143	17,045	16,541
Depreciation	0	0	0	0	0	0	0	0	0	0	0	23	8	10	14
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,348	-2,177	-2,471	-925	-698	-249	-1,299	0	0	-213	0	-1,372	-4,793	-4,656
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	275	-34,500	16,500	18,000	0	0	0	0	-602	-6,140	-872	5,640	1,974	0	0
Creditors	0	0	0	0	0	0	0	0	-59,610	55,421	1,930	-7,515	-6,898	16,672	22,868
Accruals and Deferred Income	97,023	243	1,681	-57,579	63,424	54	5	1,204	1,200	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	80,281	27,548	-8,105	-65,238	67,283	2,165	457	6,123	-60,480	54,054	3,458	-14,464	-5,093	28,934	34,767
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	-41	-55
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-41	-55
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-365,814	-1,598	87,525	279,472	-66,001	-63,225	45,757	-31,398	116,337	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100	100
interest	15,292	17,205	2,567	194	86	867	611	278	478	202	57	85	133	73	87
cash flow from financing	-350,522	15,607	90,092	279,666	-65,915	-62,358	46,368	-31,120	116,815	202	57	85	133	173	187
cash and cash equivalents
cash	-270,241	43,155	81,987	214,428	1,368	-60,194	46,825	-24,997	56,335	54,256	3,515	-14,379	-4,960	29,066	34,899
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-270,241	43,155	81,987	214,428	1,368	-60,194	46,825	-24,997	56,335	54,256	3,515	-14,379	-4,960	29,066	34,899

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BEST LETTINGS LIMITED group structure

Best Lettings Limited has no subsidiary companies.

Ultimate parent company

BEST LETTINGS LIMITED

03089520

BEST LETTINGS LIMITED Shareholders

sona madhvani

100%

Best Lettings Limited currently has 1 director, Mr Bimal Shah serving since Apr 2020.

officer	country	age	start	end	role
Mr Bimal Shah	England	50 years	Apr 2020	-	Director

P&L

March 2024

turnover

3.2k

-98%

operating profit

-16.5k

gross margin

75.6%

+1.03%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

48.1k

-0.02%

total assets

156.4k

-0.63%

cash

156.2k

-0.63%

net assets

Total assets minus all liabilities

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company number

03089520

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

August 1995

ultimate parent company

None

previous names

N/A

address

1 bell street, 2nd floor, london, NW1 5BY

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best lettings limited Company Information

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