Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseConstruction company11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13067121 2023-01-01 2023-12-31 13067121 2022-01-01 2022-12-31 13067121 2023-12-31 13067121 2022-12-31 13067121 2022-01-01 13067121 c:Director1 2023-01-01 2023-12-31 13067121 d:PlantMachinery 2023-01-01 2023-12-31 13067121 d:PlantMachinery 2023-12-31 13067121 d:PlantMachinery 2022-12-31 13067121 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13067121 d:OfficeEquipment 2023-01-01 2023-12-31 13067121 d:OfficeEquipment 2023-12-31 13067121 d:OfficeEquipment 2022-12-31 13067121 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13067121 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13067121 d:CurrentFinancialInstruments 2023-12-31 13067121 d:CurrentFinancialInstruments 2022-12-31 13067121 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13067121 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13067121 d:ShareCapital 2023-12-31 13067121 d:ShareCapital 2022-12-31 13067121 d:RetainedEarningsAccumulatedLosses 2023-12-31 13067121 d:RetainedEarningsAccumulatedLosses 2022-12-31 13067121 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 13067121 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 13067121 c:FRS102 2023-01-01 2023-12-31 13067121 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13067121 c:FullAccounts 2023-01-01 2023-12-31 13067121 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13067121 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13067121










BEAR CONSTRUCTION AND DEVELOPMENT LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BEAR CONSTRUCTION AND DEVELOPMENT LTD
REGISTERED NUMBER: 13067121

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,448
12,750

Current assets
  

Debtors: amounts falling due within one year
 5 
382
433

Cash at bank and in hand
  
12,213
4,453

Creditors: amounts falling due within one year
 6 
(9,137)
(6,635)

Net current assets/(liabilities)
  
 
 
3,458
 
 
(1,749)

Total assets less current liabilities
  
14,906
11,001

Provisions for liabilities
  

Deferred tax
 7 
(2,175)
(2,423)

Net assets
  
12,731
8,578


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
12,631
8,478

  
12,731
8,578


Page 1

 
BEAR CONSTRUCTION AND DEVELOPMENT LTD
REGISTERED NUMBER: 13067121
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 September 2024.




A Pigott
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BEAR CONSTRUCTION AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bear Construction and Development Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 13067121). Its registered office is Haddon Leys, Intake Lane, Bakewell, DE45 1BL. The principal activity of the Company throughout the year continued to be that of a construction company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to Statements of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BEAR CONSTRUCTION AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

Tax is recognised in the Statement of Income & Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the Balance Sheet date in the countries where the Company operates and
generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but
not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits; and any
deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Reducing balance
Office equipment
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last
reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Statement of Income & Retained Earnings.

Page 4

 
BEAR CONSTRUCTION AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash
flows and subsequently at amortised cost using the effective interest method. Debt instruments that
are payable or receivable within one year, typically trade recievables and payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing
transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
at the present value of future cash flows discounted at a market rate of interest for a similar debt
instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the
case of a small company, or a public benefit entity concessionary loan.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
BEAR CONSTRUCTION AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
13,000
2,000
15,000


Additions
349
320
669



At 31 December 2023

13,349
2,320
15,669



Depreciation


At 1 January 2023
1,950
300
2,250


Charge for the year on owned assets
1,684
287
1,971



At 31 December 2023

3,634
587
4,221



Net book value



At 31 December 2023
9,715
1,733
11,448



At 31 December 2022
11,050
1,700
12,750


5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
180
55

Prepayments and accrued income
202
378

382
433


Page 6

 
BEAR CONSTRUCTION AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
127
-

Corporation tax
5,888
4,022

Other creditors
2
113

Accruals and deferred income
3,120
2,500

9,137
6,635



7.


Deferred taxation




2023
2022


£

£






At beginning of year
2,423
-


Charged to the Statement of Income and Retained Earnings
(248)
2,423



At end of year
2,175
2,423

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
2,175
2,423

 
Page 7