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REGISTERED NUMBER: 11622144 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Kubas & Bear Property Holdings Ltd

Kubas & Bear Property Holdings Ltd (Registered number: 11622144)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kubas & Bear Property Holdings Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs K J Laughton-McConnon
G S Laughton-McConnon



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 11622144 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster
Worcester Cross
1 The Cross
Worcester
WR1 3PR

Kubas & Bear Property Holdings Ltd (Registered number: 11622144)

Statement of Financial Position
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 230
Investment property 5 600,000 375,329
600,000 375,559

CURRENT ASSETS
Cash at bank 4,080 2,628

CREDITORS
Amounts falling due within one year 6 380,160 263,325
NET CURRENT LIABILITIES (376,080 ) (260,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,920

114,862

CREDITORS
Amounts falling due after more than one
year

7

(2,500

)

(2,500

)

PROVISIONS FOR LIABILITIES (60,218 ) (21,541 )
NET ASSETS 161,202 90,821

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 180,654 112,351
Retained earnings (19,552 ) (21,630 )
SHAREHOLDERS' FUNDS 161,202 90,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Kubas & Bear Property Holdings Ltd (Registered number: 11622144)

Statement of Financial Position - continued
31 October 2023


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 13 February 2024 and were signed on its behalf by:





G S Laughton-McConnon - Director


Kubas & Bear Property Holdings Ltd (Registered number: 11622144)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Kubas & Bear Property Holdings 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Computer equipment - 33% on cost

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
Despite net current liabilities of £376,080 at 31st October 2023 (2022 - £260,697) the accounts have been prepared on a going concern basis. The directors have reviewed the future cash flows of the business and have expressed their willingness to continue to financially support the business for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

Kubas & Bear Property Holdings Ltd (Registered number: 11622144)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 November 2022
and 31 October 2023 689
Depreciation
At 1 November 2022 459
Charge for year 230
At 31 October 2023 689
Net book value
At 31 October 2023 -
At 31 October 2022 230

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 November 2022 375,329
Additions 122,503
Revaluations 102,168
At 31 October 2023 600,000
Net book value
At 31 October 2023 600,000
At 31 October 2022 375,329

The director has reviewed the local property market and made enquiries with local agents to ascertain the fair value of the investment property. Based on this review, the director deems the investment property has increased in value as reflected above. The increase in fair value during this year is due partly to the costs incurred whilst carrying out on going property renovations, which are now close to completion.

If the investment property had not been revalued it would have been included at its historic cost of £201,252 (2022 - £201,252).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other creditors 380,160 263,325

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Other creditors 2,500 2,500

Kubas & Bear Property Holdings Ltd (Registered number: 11622144)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


8. RELATED PARTY DISCLOSURES

G S Laughton-McConnon & Mrs K J Laughton-McConnon
Directors

The directors have lent the company funds to assist with the purchase of the investment property and property renovations. Included in other creditors at 31st October 2023 is £371,417 (2022 - £261,280) owed to the above directors. This loan to the company is interest free with no fixed repayment terms.