Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity0true0false2023-07-01truefalse 10242616 2023-07-01 2024-12-31 10242616 2022-07-01 2023-06-30 10242616 2024-12-31 10242616 2023-06-30 10242616 c:Director1 2023-07-01 2024-12-31 10242616 d:CurrentFinancialInstruments 2024-12-31 10242616 d:CurrentFinancialInstruments 2023-06-30 10242616 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10242616 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10242616 d:ShareCapital 2024-12-31 10242616 d:ShareCapital 2023-06-30 10242616 d:RetainedEarningsAccumulatedLosses 2024-12-31 10242616 d:RetainedEarningsAccumulatedLosses 2023-06-30 10242616 c:FRS102 2023-07-01 2024-12-31 10242616 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-12-31 10242616 c:FullAccounts 2023-07-01 2024-12-31 10242616 c:PrivateLimitedCompanyLtd 2023-07-01 2024-12-31 10242616 e:PoundSterling 2023-07-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 10242616









BUFF AND BEAR CREATIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
BUFF AND BEAR CREATIVE LIMITED
REGISTERED NUMBER: 10242616

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
30 June
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,675
4,473

  
11,675
4,473

Creditors: amounts falling due within one year
 5 
(11,476)
(4,750)

Net current assets/(liabilities)
  
 
 
199
 
 
(277)

Total assets less current liabilities
  
199
(277)

  

Net assets/(liabilities)
  
199
(277)


Capital and reserves
  

Called up share capital 
  
199
199

Profit and loss account
  
-
(476)

  
199
(277)


Page 1

 
BUFF AND BEAR CREATIVE LIMITED
REGISTERED NUMBER: 10242616
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 19 February 2025.





................................................
Ed Turner
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BUFF AND BEAR CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The principle activity of the Company was the provision of professional consultancy. The Company ceased trading on 31st December 2024.

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

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 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.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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.


Page 3

 
BUFF AND BEAR CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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 Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 4

 
BUFF AND BEAR CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Debtors

31 December
30 June
2024
2023
£
£


Other debtors
11,675
4,473

11,675
4,473


Included within other debtors due within one year is a loan to Buffy and Ed Turner, the directors, amounting to £11,675 (2023 - £4,473)




5.


Creditors: Amounts falling due within one year

31 December
30 June
2024
2023
£
£

Corporation tax
9,742
4,500

Other taxation and social security
414
-

Accruals and deferred income
1,320
250

11,476
4,750



6.


Controlling party

The Company is controlled by Buffy and Ed Turner, the directors, by virtue of their shareholding as described in the Directors’ report.

 
Page 5