Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-07-01false32falsetrue 07269330 2022-07-01 2023-06-30 07269330 2021-07-01 2022-06-30 07269330 2023-06-30 07269330 2022-06-30 07269330 c:Director1 2022-07-01 2023-06-30 07269330 d:FurnitureFittings 2022-07-01 2023-06-30 07269330 d:FurnitureFittings 2023-06-30 07269330 d:FurnitureFittings 2022-06-30 07269330 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07269330 d:CurrentFinancialInstruments 2023-06-30 07269330 d:CurrentFinancialInstruments 2022-06-30 07269330 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07269330 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07269330 d:ShareCapital 2023-06-30 07269330 d:ShareCapital 2022-06-30 07269330 d:RetainedEarningsAccumulatedLosses 2023-06-30 07269330 d:RetainedEarningsAccumulatedLosses 2022-06-30 07269330 c:OrdinaryShareClass1 2022-07-01 2023-06-30 07269330 c:OrdinaryShareClass1 2023-06-30 07269330 c:OrdinaryShareClass1 2022-06-30 07269330 c:FRS102 2022-07-01 2023-06-30 07269330 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07269330 c:FullAccounts 2022-07-01 2023-06-30 07269330 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07269330 2 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07269330










WHITE BEAR DEVELOPMENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
WHITE BEAR DEVELOPMENTS LIMITED
REGISTERED NUMBER: 07269330

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
595
229

  
595
229

Current assets
  

Stocks
  
8,941
8,941

Debtors: amounts falling due within one year
 5 
690,164
689,995

Cash at bank and in hand
 6 
799,458
899,266

  
1,498,563
1,598,202

Creditors: amounts falling due within one year
 7 
(107,783)
(190,328)

Net current assets
  
 
 
1,390,780
 
 
1,407,874

Total assets less current liabilities
  
1,391,375
1,408,103

  

Net assets
  
1,391,375
1,408,103


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
1,391,275
1,408,003

  
1,391,375
1,408,103


Page 1

 
WHITE BEAR DEVELOPMENTS LIMITED
REGISTERED NUMBER: 07269330
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

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 income and retained earnings 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 on 8 February 2024.



D C Fairmann
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WHITE BEAR DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

White Bear Developments Limited is a company domiciled in England and Wales, registered number 07269330. The registered office is The Dairy, Manor Courtyard, Aston Sandford, Bucks, HP17 8JB. 

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

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

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

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 3

 
WHITE BEAR DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.5
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:

Fixtures and fittings
-
50%
straight line

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 4

 
WHITE BEAR DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

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 3 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2022
6,534


Additions
1,020


Disposals
5,618



At 30 June 2023

13,172



Depreciation


At 1 July 2022
6,305


Charge for the year on owned assets
654


Disposals
5,618



At 30 June 2023

12,577



Net book value



At 30 June 2023
595



At 30 June 2022
229

Page 5

 
WHITE BEAR DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Other debtors
690,164
689,995

690,164
689,995



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
799,458
899,266

799,458
899,266



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
8,503
88,884

Other creditors
95,655
97,819

Accruals and deferred income
3,625
3,625

107,783
190,328



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6