Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true1No description of principal activity2023-01-01false1true 04573313 2023-01-01 2023-12-31 04573313 2022-01-01 2022-12-31 04573313 2023-12-31 04573313 2022-12-31 04573313 c:Director1 2023-01-01 2023-12-31 04573313 d:CurrentFinancialInstruments 2023-12-31 04573313 d:CurrentFinancialInstruments 2022-12-31 04573313 d:Non-currentFinancialInstruments 2023-12-31 04573313 d:Non-currentFinancialInstruments 2022-12-31 04573313 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04573313 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04573313 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04573313 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04573313 d:ShareCapital 2023-12-31 04573313 d:ShareCapital 2022-12-31 04573313 d:RetainedEarningsAccumulatedLosses 2023-12-31 04573313 d:RetainedEarningsAccumulatedLosses 2022-12-31 04573313 c:FRS102 2023-01-01 2023-12-31 04573313 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04573313 c:FullAccounts 2023-01-01 2023-12-31 04573313 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04573313 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04573313









THE GREAT BEAR GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE GREAT BEAR GROUP LIMITED
REGISTERED NUMBER: 04573313

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Debtors
 4 
2,666,826
2,672,126

Bank & cash balances
  
2,109,750
1,765,476

  
4,776,576
4,437,602

Creditors: amounts falling due within one year
 5 
(4,655,630)
(1,647,902)

NET CURRENT ASSETS
  
 
 
120,946
 
 
2,789,700

TOTAL ASSETS LESS CURRENT LIABILITIES
  
120,946
2,789,700

Creditors: amounts falling due after more than one year
 6 
-
(2,665,000)

  

NET ASSETS
  
120,946
124,700


CAPITAL AND RESERVES
  

Called up share capital 
  
2
2

Profit and loss account
  
120,944
124,698

  
120,946
124,700


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 her 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 26 September 2024.




Dr N Greenwold
Director

Page 1

 
THE GREAT BEAR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

The Great Bear Group Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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. Interest receivable is calculated on a daily basis at the agreed interest rate on amounts lent.

 
2.3

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the
Page 2

 
THE GREAT BEAR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.3
FINANCIAL INSTRUMENTS (continued)

ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.4

FUNCTIONAL AND PRESENTATIONAL CURRENCY

The Company's functional and presentational currency is GBP.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss 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.

 
2.6

TAXATION

Tax is recognised in the statement of income and retained earnings.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


EMPLOYEES

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

Page 3

 
THE GREAT BEAR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


DEBTORS


2023
2022
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
-
2,665,000

DUE WITHIN ONE YEAR

Other debtors
2,665,000
-

Prepayments and accrued income
1,826
7,126

2,666,826
2,672,126



5.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,665,000
-

Other creditors
1,984,925
1,641,723

Accruals and deferred income
5,705
6,179

4,655,630
1,647,902



6.


CREDITORS: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
2,665,000


The following liabilities were secured:

2023
2022
£
£



Bank loans
2,665,000
2,665,000

Details of security provided:

The bank loans are secured by a fixed and floating charge over certain assets of the company and its immediate holding companies, Great Bear Investments Limited and Great Bear Properties Limited. The loan has been repaid in full in June 2024. 

Page 4

 
THE GREAT BEAR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


CONTROLLING PARTY

The company is owned by Great Bear Investments Limited and Great Bear Properties Limited, which each own 50% of the issued share capital. The registered office of both companies is 124 Finchley Road, London, NW3 5JS.

 
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