| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025 |
| FOR |
| BEAR PROPERTY MANAGEMENT LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025 |
| FOR |
| BEAR PROPERTY MANAGEMENT LIMITED |
| BEAR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 12409303) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JANUARY 2025 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BEAR PROPERTY MANAGEMENT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST JANUARY 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1st Floor |
| 49 High Street |
| Hucknall |
| Nottinghamshire |
| NG15 7AW |
| BEAR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 12409303) |
| ABRIDGED BALANCE SHEET |
| 31ST JANUARY 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 7 |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| BEAR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 12409303) |
| ABRIDGED BALANCE SHEET - continued |
| 31ST JANUARY 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BEAR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 12409303) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JANUARY 2025 |
| 1. | STATUTORY INFORMATION |
| Bear Property Management Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the letting of property is recognised by reference to the period for which it relates. |
| Investment property |
| Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
| 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 |
| BEAR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 12409303) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST JANUARY 2025 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st February 2024 |
| Additions |
| At 31st January 2025 |
| NET BOOK VALUE |
| At 31st January 2025 |
| At 31st January 2024 |
| Fair value at 31st January 2025 is represented by: |
| £ |
| Valuation in 2024 | 26,865 |
| Cost | 489,656 |
| 516,521 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 489,656 | 383,011 |
| An investment property was valued on an open market basis on 10th January 2024 by Aldermore bank plc . |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2025 | 2024 |
| £ | £ |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Five separate fixed charges have been signed and lodged against freehold property of the company to secure related liabilities to The Mortgage Works (UK) plc, Pepper Money Limited, Aldermore Bank plc and Kensington Mortgage Company Ltd. |
| BEAR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 12409303) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST JANUARY 2025 |
| 7. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st February 2024 |
| and 31st January 2025 |