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REGISTERED NUMBER: 09985013 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Bearwalden Crossfit Ltd

Bearwalden Crossfit Ltd (Registered number: 09985013)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bearwalden Crossfit Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr S Parke
Mrs C Parke





SECRETARY: Mrs C Parke





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Unit 2 Stansted House
Shire Hill
SAFFRON WALDEN
Essex
CB11 3AQ





REGISTERED NUMBER: 09985013 (England and Wales)

Bearwalden Crossfit Ltd (Registered number: 09985013)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 22,491 25,128

CURRENT ASSETS
Debtors 6 28,192 782
Cash at bank 2,606 30,196
30,798 30,978
CREDITORS
Amounts falling due within one year 7 22,556 19,159
NET CURRENT ASSETS 8,242 11,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,733

36,947

CREDITORS
Amounts falling due after more than one
year

8

(26,437

)

(29,644

)

PROVISIONS FOR LIABILITIES (4,274 ) (4,775 )
NET ASSETS 22 2,528

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20 2,526
22 2,528

Bearwalden Crossfit Ltd (Registered number: 09985013)

Balance Sheet - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




Mr S Parke - Director



Mrs C Parke - Director


Bearwalden Crossfit Ltd (Registered number: 09985013)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Bearwalden Crossfit Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Bearwalden Crossfit Ltd (Registered number: 09985013)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The Directors have assessed the current and future effects of COVID-19 on the Company. The Company was able to continue to trade during the pandemic, on this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 62,320
Additions 4,861
At 28 February 2023 67,181
DEPRECIATION
At 1 March 2022 37,192
Charge for year 7,498
At 28 February 2023 44,690
NET BOOK VALUE
At 28 February 2023 22,491
At 28 February 2022 25,128

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 28,192 782

Bearwalden Crossfit Ltd (Registered number: 09985013)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,275 3,268
Trade creditors - 596
Taxation and social security 18,457 12,759
Other creditors 824 2,536
22,556 19,159

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,437 29,644

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 14,724

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company provided an interest-bearing loan to its directors. Amounts advanced to the directors totalled £72,933 (2022 - £5,361), amounts repaid to the company totalled £48,643 (2022- £72,942) and interest charged on the loan at a rate of 2.80% totalled £20 (2022 - £13) .The balance owed to the company at the year end totalled £24,297 (2022- £13 balance owed to the director) and is repayable on demand.