Acorah Software Products - Accounts Production 16.2.800 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13532969 Mrs Stephanie Dix Stephanie Dix true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13532969 2023-07-31 13532969 2024-07-31 13532969 2023-08-01 2024-07-31 13532969 frs-core:CurrentFinancialInstruments 2024-07-31 13532969 frs-core:Non-currentFinancialInstruments 2024-07-31 13532969 frs-core:FurnitureFittings 2024-07-31 13532969 frs-core:FurnitureFittings 2023-08-01 2024-07-31 13532969 frs-core:FurnitureFittings 2023-07-31 13532969 frs-core:ShareCapital 2024-07-31 13532969 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13532969 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13532969 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13532969 frs-bus:SmallEntities 2023-08-01 2024-07-31 13532969 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13532969 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13532969 1 2023-08-01 2024-07-31 13532969 frs-bus:Director1 2023-08-01 2024-07-31 13532969 frs-countries:EnglandWales 2023-08-01 2024-07-31 13532969 2022-07-31 13532969 2023-07-31 13532969 2022-08-01 2023-07-31 13532969 frs-core:CurrentFinancialInstruments 2023-07-31 13532969 frs-core:Non-currentFinancialInstruments 2023-07-31 13532969 frs-core:ShareCapital 2023-07-31 13532969 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13532969
Bear & Lobster Property Ltd.
Unaudited Financial Statements
For The Year Ended 31 July 2024
Calculated Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13532969
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,561 3,552
Investment Properties 5 308,473 308,473
311,034 312,025
CURRENT ASSETS
Debtors 6 7,105 876
Cash at bank and in hand 1,074 4,289
8,179 5,165
Creditors: Amounts Falling Due Within One Year 7 (3,741 ) (1,626 )
NET CURRENT ASSETS (LIABILITIES) 4,438 3,539
TOTAL ASSETS LESS CURRENT LIABILITIES 315,472 315,564
Creditors: Amounts Falling Due After More Than One Year 8 (328,660 ) (321,112 )
NET LIABILITIES (13,188 ) (5,548 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (13,288 ) (5,648 )
SHAREHOLDERS' FUNDS (13,188) (5,548)
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Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Stephanie Dix
Director
31/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bear & Lobster Property Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 13532969 . The registered office is 133 Sea Road, Westgate-On-Sea, CT8 8PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Straight line, effective life 5 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 4,956
As at 31 July 2024 4,956
Depreciation
As at 1 August 2023 1,404
Provided during the period 991
As at 31 July 2024 2,395
Net Book Value
As at 31 July 2024 2,561
As at 1 August 2023 3,552
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5. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 308,473
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 688 876
Other debtors 6,417 -
7,105 876
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 3,741 1,626
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 216,825 216,825
Directors loan account 890 578
Amounts owed to related parties 110,945 103,709
328,660 321,112
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included within Creditors is the loan balance of £890 (2023: £578) from the Director, Stephanie Dix, at the end of the year. The loan is unsecured, interest free and repayable on demand.
Included within Creditors is the loan balance of £110,945 (2023: £103,709) from the Shareholder, Sunchit Mathur, at the end of the year. The loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Stephanie Dix by virtue of her ownership of 76% of the issued share capital in the company.
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