Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01false10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating47220 - Retail sale of meat and meat products in specialised stores47910 - Retail sale via mail order houses or via Internet169falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13526505 2023-04-01 2024-03-31 13526505 2022-04-01 2023-03-31 13526505 2024-03-31 13526505 2023-03-31 13526505 c:Director1 2023-04-01 2024-03-31 13526505 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 13526505 d:Buildings d:LongLeaseholdAssets 2024-03-31 13526505 d:Buildings d:LongLeaseholdAssets 2023-03-31 13526505 d:PlantMachinery 2023-04-01 2024-03-31 13526505 d:PlantMachinery 2024-03-31 13526505 d:PlantMachinery 2023-03-31 13526505 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13526505 d:OfficeEquipment 2023-04-01 2024-03-31 13526505 d:OfficeEquipment 2024-03-31 13526505 d:OfficeEquipment 2023-03-31 13526505 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13526505 d:ComputerEquipment 2023-04-01 2024-03-31 13526505 d:ComputerEquipment 2024-03-31 13526505 d:ComputerEquipment 2023-03-31 13526505 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13526505 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13526505 d:CurrentFinancialInstruments 2024-03-31 13526505 d:CurrentFinancialInstruments 2023-03-31 13526505 d:Non-currentFinancialInstruments 2024-03-31 13526505 d:Non-currentFinancialInstruments 2023-03-31 13526505 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13526505 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13526505 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13526505 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13526505 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 13526505 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13526505 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 13526505 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 13526505 d:ShareCapital 2024-03-31 13526505 d:ShareCapital 2023-03-31 13526505 d:RetainedEarningsAccumulatedLosses 2024-03-31 13526505 d:RetainedEarningsAccumulatedLosses 2023-03-31 13526505 c:FRS102 2023-04-01 2024-03-31 13526505 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13526505 c:FullAccounts 2023-04-01 2024-03-31 13526505 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13526505 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13526505










BLACK BEAR LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BLACK BEAR LTD
REGISTERED NUMBER: 13526505

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
358,354
371,859

  
358,354
371,859

Current assets
  

Stocks
  
52,000
32,831

Debtors: amounts falling due within one year
 5 
70,617
55,863

Cash at bank and in hand
 6 
2,459
7,487

  
125,076
96,181

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(389,892)
(328,539)

Net current liabilities
  
 
 
(264,816)
 
 
(232,358)

Total assets less current liabilities
  
93,538
139,501

Creditors: amounts falling due after more than one year
  
(442,744)
(392,841)

  

Net liabilities
  
(349,206)
(253,340)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(349,306)
(253,440)

  
(349,206)
(253,340)


Page 1

 
BLACK BEAR LTD
REGISTERED NUMBER: 13526505

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 comprehensive income 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 by: 




M S Greaves
Director

Date: 4 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BLACK BEAR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Black Bear Ltd is a private company limited by shares and incorporated in England and Wales. The address of its registered office is 8th Floor South Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The director has committed to providing sufficient support to the company to enable it to continue to trade for the foreseable future.

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long-term leasehold property
-
50 years straight line
Plant and machinery
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance

Page 3

 
BLACK BEAR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 9).

Page 4

 
BLACK BEAR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
358,502
5,039
363
13,109
377,013


Additions
-
1,101
1,953
-
3,054



At 31 March 2024

358,502
6,140
2,316
13,109
380,067



Depreciation


At 1 April 2023
1,698
785
76
2,595
5,154


Charge for the year on owned assets
12,263
1,311
356
2,629
16,559



At 31 March 2024

13,961
2,096
432
5,224
21,713



Net book value



At 31 March 2024
344,541
4,044
1,884
7,885
358,354



At 31 March 2023
356,804
4,254
287
10,514
371,859


5.


Debtors

2024
2023
£
£


Trade debtors
5,548
1,805

Other debtors
44,851
33,432

Prepayments and accrued income
20,218
20,626

70,617
55,863



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,459
7,487

Less: bank overdrafts
(7,764)
-

(5,305)
7,487


Page 5

 
BLACK BEAR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank overdrafts
7,764
-

Bank loans
74,604
74,604

Trade creditors
286,863
177,980

Other taxation and social security
8,749
11,370

Other creditors
2,462
62,085

Accruals and deferred income
9,450
2,500

389,892
328,539



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
167,656
208,926

Other creditors
275,088
183,915

442,744
392,841



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
74,604
74,604

Amounts falling due 1-2 years

Bank loans
74,604
74,604

Amounts falling due 2-5 years

Bank loans
93,052
134,322


242,260
283,530


The bank loans are secured against the specific assets they relate to.


10.


Related party transactions

Included in other creditors is a loan of £275,088 (2023: £183,915) from T & G Wholesale Meats Limited, a company under common control.


Page 6