The Bear Tiger Club Limited |
Notes to the Accounts |
for the period from 27 April 2022 to 30 April 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Fixtures, fittings, tools and equipment |
over 4 years |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Going concern |
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The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the Directors and its holding company who have indicated that they intend to provide necessary facilities to enable the company to continue to trade for the foreseeable future. If the company were unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. |
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2 |
Group accounts |
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The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a wholly owned subsidiary undertaking of The Bear Tiger Club Holdings Limited, a company incorporated in England and Wales. |
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3 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
2 |
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4 |
Intangible fixed assets |
£ |
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Trademarks, patents, etc. |
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Cost |
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Additions |
14,519 |
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At 30 April 2023 |
14,519 |
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Amortisation |
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Provided during the period |
3,630 |
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At 30 April 2023 |
3,630 |
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Net book value |
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At 30 April 2023 |
10,889 |
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Trademarks, patents, etc. is being written off in equal annual instalments over its estimated economic life of 4 years. |
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5 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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Additions |
8,559 |
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At 30 April 2023 |
8,559 |
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Depreciation |
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Charge for the period |
2,140 |
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At 30 April 2023 |
2,140 |
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Net book value |
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At 30 April 2023 |
6,419 |
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6 |
Debtors |
2023 |
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£ |
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Trade debtors |
1,302 |
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Other debtors |
10,199 |
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11,501 |
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7 |
Investments held as current assets |
2023 |
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£ |
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Fair value |
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Unlisted investments |
33,011 |
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Other investments include investments in crypto-assets and currencies. |
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8 |
Creditors: amounts falling due within one year |
2023 |
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£ |
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Trade creditors |
108,205 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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449,845 |
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Other creditors |
13,785 |
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571,835 |
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9 |
Related party transactions |
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As at 30 April 2023, the balance due to its parent company, The Bear Tiger Club Holdings Limited, amounted to £449,845. |
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10 |
Controlling party |
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The parent company is The Bear Tiger Club Holdings Limited, a company registered in England and Wales. The Bear Tiger Club Holdings Limited holds 100% of the shares in the company and its registered office is at 6 Crown Square, Poundbury, Dorchester, DT1 3EN. |
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11 |
Other information |
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The Bear Tiger Club Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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6 Crown Square |
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Poundbury |
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Dorchester |
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DT1 3EN |