Company Registration No. 10432524 (England and Wales)
J Bear Estates Ltd
Unaudited accounts
for the year ended 31 October 2023
J Bear Estates Ltd
Unaudited accounts
Contents
J Bear Estates Ltd
Company Information
for the year ended 31 October 2023
Directors
K Harris
T Harris
Company Number
10432524 (England and Wales)
Registered Office
Suite 1 Christchurch House
Sir Thomas Longley Road
Rochester
Kent
ME2 4FX
Accountants
AK Tax & Accountancy Ltd
Suite 1 Christchurch House
Sir Thomas Longley Road
Rochester
Kent
ME24FX
J Bear Estates Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
810,000
810,000
Cash at bank and in hand
4,083
8,393
Creditors: amounts falling due within one year
(39,075)
(29,208)
Net current liabilities
(34,992)
(20,815)
Total assets less current liabilities
775,108
789,285
Creditors: amounts falling due after more than one year
(528,367)
(573,415)
Net assets
246,741
215,870
Called up share capital
100
100
Profit and loss account
246,641
215,770
Shareholders' funds
246,741
215,870
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by
K Harris
Director
Company Registration No. 10432524
J Bear Estates Ltd
Notes to the Accounts
for the year ended 31 October 2023
J Bear Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 10432524. The registered office is Suite 1 Christchurch House, Sir Thomas Longley Road, Rochester, Kent, ME2 4FX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not provided for
4
Tangible fixed assets
Land & buildings
At 1 November 2022
810,000
At 31 October 2023
810,000
At 31 October 2023
810,000
At 31 October 2022
810,000
5
Investments
Subsidiary undertakings
Valuation at 1 November 2022
100
Valuation at 31 October 2023
100
J Bear Estates Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
20,085
20,085
Trade creditors
10,364
237
Taxes and social security
5,780
6,040
Loans from directors
846
846
The bank loan totalling £27,840 is secured against the property owned by the company by way of a charge.
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
439,385
460,433
Amounts owed to group undertakings and other participating interests
88,982
112,982
The bank loan totalling £572,679 is secured against the property owned by the company by way of a charge.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).