Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312No description of principal activityfalse22023-06-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue 10777328 2023-06-01 2024-05-31 10777328 2022-06-01 2023-05-31 10777328 2024-05-31 10777328 2023-05-31 10777328 c:Director1 2023-06-01 2024-05-31 10777328 d:FreeholdInvestmentProperty 2024-05-31 10777328 d:FreeholdInvestmentProperty 2023-05-31 10777328 d:CurrentFinancialInstruments 2024-05-31 10777328 d:CurrentFinancialInstruments 2023-05-31 10777328 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10777328 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10777328 d:ShareCapital 2024-05-31 10777328 d:ShareCapital 2023-05-31 10777328 d:RetainedEarningsAccumulatedLosses 2024-05-31 10777328 d:RetainedEarningsAccumulatedLosses 2023-05-31 10777328 c:FRS102 2023-06-01 2024-05-31 10777328 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10777328 c:FullAccounts 2023-06-01 2024-05-31 10777328 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10777328 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 10777328









BEAR PROPERTY INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
BEAR PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 10777328

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
611,886
611,886

  
611,886
611,886

  

Creditors: amounts falling due within one year
 5 
(608,738)
(570,729)

Net current liabilities
  
 
 
(608,738)
 
 
(570,729)

Total assets less current liabilities
  
3,148
41,157

  

Net assets
  
3,148
41,157


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,048
41,057

  
3,148
41,157


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 year 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 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 on 27 February 2025.




L Pledger
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
BEAR PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Bear Property Investments Limited ("the company") is a company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activitiy of the company continued to be that of property investments.

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:

Rental Income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
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.


 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 2

 
BEAR PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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 average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Investment properties

£



Valuation


At 1 June 2023
611,886



At 31 May 2024
611,886

The 2024 valuations were made by the directors, on an open market value for existing use basis.



At 31 May 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
611,886
611,886

611,886
611,886

Page 3

 
BEAR PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
2,147

Other creditors
605,588
565,582

Accruals and deferred income
3,150
3,000

608,738
570,729



6.


Related party transactions

At the year end the company owed the directors £605,588 (2023: £565,582).

 
Page 4