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Registered number: 12260106
Ccbear Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
TMT Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12260106
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,670,092 1,687,197
1,670,092 1,687,197
CURRENT ASSETS
Debtors 5 729,636 731,500
Cash at bank and in hand 19 775
729,655 732,275
Creditors: Amounts Falling Due Within One Year 6 (56,527 ) (30,851 )
NET CURRENT ASSETS (LIABILITIES) 673,128 701,424
TOTAL ASSETS LESS CURRENT LIABILITIES 2,343,220 2,388,621
Creditors: Amounts Falling Due After More Than One Year 7 (1,711,019 ) (1,716,574 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,927 ) (12,238 )
NET ASSETS 617,274 659,809
CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Revaluation reserve 10 691,077 691,077
Profit and Loss Account (75,303 ) (32,768 )
SHAREHOLDERS' FUNDS 617,274 659,809
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Richard Campbell
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ccbear Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12260106 . The registered office is Cloudberry House, Perrymead, Bath, BA2 5AX.
2. Accounting Policies
2.1. 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.
2.2. 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.
2.3. 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:
Freehold Straight Line - 2%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees,  including directors, during the year was as follows: 1 (2022: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 November 2022 1,731,314
As at 31 October 2023 1,731,314
Depreciation
As at 1 November 2022 44,117
Provided during the period 17,105
As at 31 October 2023 61,222
Net Book Value
As at 31 October 2023 1,670,092
As at 1 November 2022 1,687,197
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 2,136 -
Other debtors 1,500 1,500
Director's loan account - 4,000
3,636 5,500
Due after more than one year
Other debtors 726,000 726,000
729,636 731,500
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 27,575 726
Bank loans and overdrafts 5,556 5,556
Accruals and deferred income 20,518 24,569
Director's loan account 2,878 -
56,527 30,851
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,531,019 1,536,574
Preference Shares - Debt Instrument 180,000 180,000
1,711,019 1,716,574
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,500 1,500
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Richard Campbell 4,000 - 4,000 - -
The above loan is unsecured, interest free and repayable on demand.
10. Reserves
Revaluation Reserve
£
As at 1 November 2022 691,077
As at 31 October 2023 691,077
Page 5