IRIS Accounts Production v24.3.2.46 14120691 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141206912023-05-31141206912024-05-31141206912023-06-012024-05-31141206912022-05-19141206912022-05-202023-05-31141206912023-05-3114120691ns15:EnglandWales2023-06-012024-05-3114120691ns14:PoundSterling2023-06-012024-05-3114120691ns10:Director12023-06-012024-05-3114120691ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3114120691ns10:Micro-entities2023-06-012024-05-3114120691ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3114120691ns10:FullAccounts2023-06-012024-05-3114120691ns10:Director22023-06-012024-05-3114120691ns10:RegisteredOffice2023-06-012024-05-3114120691ns5:CurrentFinancialInstruments2024-05-3114120691ns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 14120691 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

PAYMENT BEAR LIMITED

PAYMENT BEAR LIMITED (BY SHARES) (REGISTERED NUMBER: 14120691)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2


PAYMENT BEAR LIMITED (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S Devine
C W G Miller





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 14120691 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

PAYMENT BEAR LIMITED (BY SHARES) (REGISTERED NUMBER: 14120691)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
£    £    £    £   
FIXED ASSETS 5,590 5,656

CURRENT ASSETS 53,398 111,821

CREDITORS
Amounts falling due within one year (731,919 ) (331,537 )
NET CURRENT LIABILITIES (678,521 ) (219,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(672,931

)

(214,060

)

CAPITAL AND RESERVES (672,931 ) (214,060 )

NOTES TO THE FINANCIAL STATEMENTS

1. GOING CONCERN

The directors consider it appropriate to prepare financial statements on the going concern basis as they are confident that sufficient financial support from a connected company, will enable Payment Bear Limited to meet its liabilities as they fall due.

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2023 - 2 ) .



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





C W G Miller - Director