Registered number
14071661
The Bear Tiger Club Limited
Filleted Accounts
30 April 2023
The Bear Tiger Club Limited
Registered number: 14071661
Balance Sheet
as at 30 April 2023
Notes 2023
£
Fixed assets
Intangible assets 4 10,889
Tangible assets 5 6,419
17,308
Current assets
Debtors 6 11,501
Investments held as current assets 7 33,011
Cash at bank and in hand 1,511
46,023
Creditors: amounts falling due within one year 8 (571,835)
Net current liabilities (525,812)
Net liabilities (508,504)
Capital and reserves
Called up share capital 1
Profit and loss account (508,505)
Shareholder's funds (508,504)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J R Slate
Director
Approved by the board on 18 April 2024
The Bear Tiger Club Limited
Notes to the Accounts
for the period from 27 April 2022 to 30 April 2023
1 Accounting policies
Basis of preparation
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).
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 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
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:
Fixtures, fittings, tools and equipment over 4 years
Investments
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.
Debtors
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.
Creditors
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.
Taxation
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.
Provisions
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.
Foreign currency translation
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.
Going concern
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.
2 Group accounts
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.
3 Employees 2023
Number
Average number of persons employed by the company 2
4 Intangible fixed assets £
Trademarks, patents, etc.
Cost
Additions 14,519
At 30 April 2023 14,519
Amortisation
Provided during the period 3,630
At 30 April 2023 3,630
Net book value
At 30 April 2023 10,889
Trademarks, patents, etc. is being written off in equal annual instalments over its estimated economic life of 4 years.
5 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 8,559
At 30 April 2023 8,559
Depreciation
Charge for the period 2,140
At 30 April 2023 2,140
Net book value
At 30 April 2023 6,419
6 Debtors 2023
£
Trade debtors 1,302
Other debtors 10,199
11,501
7 Investments held as current assets 2023
£
Fair value
Unlisted investments 33,011
Other investments include investments in crypto-assets and currencies.
8 Creditors: amounts falling due within one year 2023
£
Trade creditors 108,205
Amounts owed to group undertakings and undertakings in which the company has a participating interest 449,845
Other creditors 13,785
571,835
9 Related party transactions
As at 30 April 2023, the balance due to its parent company, The Bear Tiger Club Holdings Limited, amounted to £449,845.
10 Controlling party
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.
11 Other information
The Bear Tiger Club Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Crown Square
Poundbury
Dorchester
DT1 3EN
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