Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 27 July 2021 false 1 August 2022 31 July 2023 31 July 2023 13532969 Mrs Stephanie Dix Stephanie Dix true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13532969 2022-07-31 13532969 2023-07-31 13532969 2022-08-01 2023-07-31 13532969 frs-core:CurrentFinancialInstruments 2023-07-31 13532969 frs-core:Non-currentFinancialInstruments 2023-07-31 13532969 frs-core:FurnitureFittings 2023-07-31 13532969 frs-core:FurnitureFittings 2022-08-01 2023-07-31 13532969 frs-core:FurnitureFittings 2022-07-31 13532969 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 13532969 frs-core:InvestmentPropertyIncludedWithinPPE 2022-07-31 13532969 frs-core:ShareCapital 2023-07-31 13532969 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 13532969 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13532969 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 13532969 frs-bus:SmallEntities 2022-08-01 2023-07-31 13532969 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13532969 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13532969 1 2022-08-01 2023-07-31 13532969 frs-bus:Director1 2022-08-01 2023-07-31 13532969 frs-countries:EnglandWales 2022-08-01 2023-07-31 13532969 2021-07-26 13532969 2022-07-31 13532969 2021-07-27 2022-07-31 13532969 frs-core:CurrentFinancialInstruments 2022-07-31 13532969 frs-core:Non-currentFinancialInstruments 2022-07-31 13532969 frs-core:ShareCapital 2022-07-31 13532969 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 13532969
Bear & Lobster Property Ltd.
Unaudited Financial Statements
For The Year Ended 31 July 2023
Calculated Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13532969
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 312,025 313,016
312,025 313,016
CURRENT ASSETS
Debtors 4 876 146
Cash at bank and in hand 4,289 1,740
5,165 1,886
Creditors: Amounts Falling Due Within One Year 5 (1,626 ) (595 )
NET CURRENT ASSETS (LIABILITIES) 3,539 1,291
TOTAL ASSETS LESS CURRENT LIABILITIES 315,564 314,307
Creditors: Amounts Falling Due After More Than One Year 6 (321,112 ) (320,625 )
NET LIABILITIES (5,548 ) (6,318 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (5,648 ) (6,418 )
SHAREHOLDERS' FUNDS (5,548) (6,318)
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Stephanie Dix
Director
17/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Straight line, effective life 5 years
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 2)
2 2
3. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 308,473 4,956 313,429
As at 31 July 2023 308,473 4,956 313,429
Depreciation
As at 1 August 2022 - 413 413
Provided during the period - 991 991
As at 31 July 2023 - 1,404 1,404
Net Book Value
As at 31 July 2023 308,473 3,552 312,025
As at 1 August 2022 308,473 4,543 313,016
Page 3
Page 4
4. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 876 146
876 146
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 1,626 595
1,626 595
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 216,825 216,825
Directors loan account 578 266
Amounts owed to related parties 103,709 103,534
321,112 320,625
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
During the year, the Director, Stephanie Dix, advanced £578 (2022: £266) to the company. The loan is unsecured, interest free and there are no fixed terms of repayment. 
During the year, the Shareholder, Sunchit Mathur, advanced £103,709 (2022: £103,534) to the company. The loan is unsecured, interest free and there are no fixed terms of repayment. 
9. Ultimate Controlling Party
The company's ultimate controlling party is Stephanie Dix by virtue of her ownership of 76% of the issued share capital in the company.
10. General Information
Bear & Lobster Property Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 13532969 . The registered office is 133 Sea Road, Westgate-On-Sea, CT8 8PZ.
Page 4