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REGISTERED NUMBER: 15092849 (England and Wales)















Unaudited Financial Statements

for the Period 23 August 2023 to 31 August 2024

for

Bearwell Ltd

Bearwell Ltd (Registered number: 15092849)






Contents of the Financial Statements
for the Period 23 August 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bearwell Ltd

Company Information
for the Period 23 August 2023 to 31 August 2024







DIRECTORS: Mr J K Powell
Mrs B S Powell





REGISTERED OFFICE: Hine House
Regent Street
Nottingham
NG1 5BS





REGISTERED NUMBER: 15092849 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS

Bearwell Ltd (Registered number: 15092849)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Investments 4 1,158,530
Investment property 5 3,255,954
4,414,484

CURRENT ASSETS
Debtors 6 38,040
Cash at bank 23,493
61,533
CREDITORS
Amounts falling due within one year 7 86,363
NET CURRENT LIABILITIES (24,830 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,389,654

PROVISIONS FOR LIABILITIES 919
NET ASSETS 4,388,735

CAPITAL AND RESERVES
Called up share capital 6,024
Share premium 1,068,440
Revaluation reserve 2,757
Retained earnings 3,311,514
4,388,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 20 May 2025 and were signed on its behalf by:





Mr J K Powell - Director


Bearwell Ltd (Registered number: 15092849)

Notes to the Financial Statements
for the Period 23 August 2023 to 31 August 2024

1. STATUTORY INFORMATION

Bearwell Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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 period was NIL.

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
Additions 1,079,854 75,000 1,154,854
Revaluations - 3,676 3,676
At 31 August 2024 1,079,854 78,676 1,158,530
NET BOOK VALUE
At 31 August 2024 1,079,854 78,676 1,158,530

Bearwell Ltd (Registered number: 15092849)

Notes to the Financial Statements - continued
for the Period 23 August 2023 to 31 August 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 August 2024 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2024 - 3,676 3,676
Cost 1,079,854 75,000 1,154,854
1,079,854 78,676 1,158,530

Other investments includes £1,079,854 in respect of the acquisition value of a 25.1% holding of ordinary shares in JK Powell Ltd, an unquoted trading company which has common directors with Bearwell Ltd. These were acquired on 26 February 2024, in a share for share exchange.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 3,255,954
At 31 August 2024 3,255,954
NET BOOK VALUE
At 31 August 2024 3,255,954

The property has not been depreciated, as in the opinion of the directors, the value of the property has not been subject to any impairment since the date that it was acquired by the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 36,000
Other debtors 2,040
38,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 54,861
Other creditors 31,502
86,363

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2024:

£   
Mrs B S Powell
Balance outstanding at start of period -
Amounts advanced 1,020
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 1,020

Bearwell Ltd (Registered number: 15092849)

Notes to the Financial Statements - continued
for the Period 23 August 2023 to 31 August 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr J K Powell
Balance outstanding at start of period -
Amounts advanced 1,020
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 1,020