I've done it for the last three years, and am continuing the tradition. Titles not ranked but in alphabetical order.
Best of my year's reading:
Top 10
American Rust by Philipp Meyer
Bleak House by Charles Dickens
The Bookshop by Penelope Fitzgerald
A Change of Climate by Hilary Mantel
Cheerful Weather for the Wedding by Julia Strachey
Crooked Letter, Crooked Letter by Tom Franklin
The Portrait of a Lady by Henry James
The Pursuit of Love by Nancy Mitford
The Sense of an Ending by Julian Barnes
The Time of the Angels by Iris Murdoch
Not worth bothering with:
Bottom 3
The House of Sleep by Jonathan Coe
Leaving Home by Anita Brookner
The Sea by John Banville
Strong contenders for the top 10 or not far off it:
10 'really good reads'
The Black Prince by Iris Murdoch
Cleaver by Tim Parks
The Gate of Angels by Penelope Fitzgerald
Greenbanks by Dorothy Whipple
The Night Watch by Sarah Waters
The Privileges by Jonathan Dee
The Snapper by Roddy Doyle
Tinkers by Paul Harding
Tony and Susan by Austin Wright
The Winds of Heaven by Monica Dickens