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REGISTERED NUMBER: 13190099 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

BEAR PROPERTY LETTINGS LIMITED

BEAR PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13190099)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEAR PROPERTY LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: C P Kay
L J Kay





REGISTERED OFFICE: Percy Westhead & Company
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD





REGISTERED NUMBER: 13190099 (England and Wales)





ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD

BEAR PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13190099)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 97,255 97,255

CURRENT ASSETS
Cash at bank 1,691 1,617

CREDITORS
Amounts falling due within one year 5 34,047 32,292
NET CURRENT LIABILITIES (32,356 ) (30,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,899

66,580

CREDITORS
Amounts falling due after more than one
year

6

62,873

64,771
NET ASSETS 2,026 1,809

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,024 1,807
2,026 1,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th March 2025 and were signed on its behalf by:



C P Kay - Director


BEAR PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13190099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Bear Property Lettings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of value added tax and other sales taxes.

Rental income from investment property is included in the income statement in the period in which it arises under the relevant tenancy agreement.

Investment property
Investment property is measured at fair value at each reporting date with changes in fair value recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

BEAR PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 13190099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 97,255
NET BOOK VALUE
At 30th June 2024 97,255
At 30th June 2023 97,255

Investment property is included at cost, which, in the opinion of the directors, does not differ significantly from the estimated market value of the property at 30th June 2024.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,898 1,827
Taxation and social security 51 421
Other creditors 32,098 30,044
34,047 32,292

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 62,873 64,771

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 54,520 56,728

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 64,771 66,598

The bank loan is secured by a legal mortgage over the relevant investment property dated 13th August 2021.