Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsetrue17No description of principal activity2022-01-0128trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11716676 2022-01-01 2022-12-31 11716676 2021-01-01 2021-12-31 11716676 2022-12-31 11716676 2021-12-31 11716676 c:Director1 2022-01-01 2022-12-31 11716676 d:OfficeEquipment 2022-01-01 2022-12-31 11716676 d:OfficeEquipment 2022-12-31 11716676 d:OfficeEquipment 2021-12-31 11716676 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11716676 d:ComputerEquipment 2022-01-01 2022-12-31 11716676 d:ComputerEquipment 2022-12-31 11716676 d:ComputerEquipment 2021-12-31 11716676 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11716676 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11716676 d:CurrentFinancialInstruments 2022-12-31 11716676 d:CurrentFinancialInstruments 2021-12-31 11716676 d:Non-currentFinancialInstruments 2022-12-31 11716676 d:Non-currentFinancialInstruments 2021-12-31 11716676 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11716676 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11716676 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11716676 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11716676 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 11716676 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 11716676 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 11716676 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 11716676 d:ShareCapital 2022-12-31 11716676 d:ShareCapital 2021-12-31 11716676 d:RetainedEarningsAccumulatedLosses 2022-12-31 11716676 d:RetainedEarningsAccumulatedLosses 2021-12-31 11716676 c:OrdinaryShareClass2 2022-01-01 2022-12-31 11716676 c:OrdinaryShareClass2 2022-12-31 11716676 c:OrdinaryShareClass2 2021-12-31 11716676 c:OrdinaryShareClass3 2022-01-01 2022-12-31 11716676 c:OrdinaryShareClass3 2022-12-31 11716676 c:OrdinaryShareClass3 2021-12-31 11716676 c:FRS102 2022-01-01 2022-12-31 11716676 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11716676 c:FullAccounts 2022-01-01 2022-12-31 11716676 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11716676 2 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11716676









BE A BEAR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
BE A BEAR LIMITED
REGISTERED NUMBER: 11716676

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,886
17,289

  
11,886
17,289

Current assets
  

Debtors: amounts falling due within one year
 5 
111,263
87,936

Cash at bank and in hand
 6 
221,576
223,274

  
332,839
311,210

Creditors: amounts falling due within one year
 7 
(222,322)
(164,486)

Net current assets
  
 
 
110,517
 
 
146,724

Total assets less current liabilities
  
122,403
164,013

Creditors: amounts falling due after more than one year
 8 
(9,667)
(13,667)

  

Net assets
  
112,736
150,346


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
112,734
150,344

  
112,736
150,346


Page 1

 
BE A BEAR LIMITED
REGISTERED NUMBER: 11716676
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Maharajh
Director

Date: 12 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BE A BEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Be a Bear Ltd is a private company limited by shares, incorporated in England & Wales (registered number: 11716676). 
The registered office is 101 New Cavendish Street, London, W1W 6XH, and the principal place of business address is Uncommon, 126 New Kings Road, London, SW6 4LZ.
The Company's principal activity during the year continued to be that of a digital strategy agency.
The financial statement are prepared in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BE A BEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
BE A BEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
Over three years
Computer equipment
-
Over two years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2021 - 17).

Page 5

 
BE A BEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
237
28,082
28,319


Additions
1,465
8,182
9,647



At 31 December 2022

1,702
36,264
37,966



Depreciation


At 1 January 2022
237
10,792
11,029


Charge for the year on owned assets
488
14,563
15,051



At 31 December 2022

725
25,355
26,080



Net book value



At 31 December 2022
977
10,909
11,886



At 31 December 2021
-
17,289
17,289

Page 6

 
BE A BEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
108,748
85,106

Other debtors
1,990
2,593

Prepayments and accrued income
525
237

111,263
87,936



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
221,576
223,273

Less: bank overdrafts
(7,111)
-

214,465
223,273



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
7,111
-

Bank loans
4,000
4,000

Other taxation and social security
98,565
82,796

Other creditors
110,646
75,690

Accruals and deferred income
2,000
2,000

222,322
164,486



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
9,667
13,667

9,667
13,667


Page 7

 
BE A BEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
4,000
4,000


4,000
4,000


Amounts falling due 2-5 years

Bank loans
8,000
12,000

Amounts falling due after more than 5 years

Bank loans
1,667
1,667

1,667
1,667

13,667
17,667



10.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100,000 (2021 - 100,000) Grizzly shares of £0.00001 each
1
1
100,000 (2021 - 100,000) Panda shares of £0.00001 each
1
1

2

2


 
Page 8