Company Registration No. 12946265 (England and Wales)
Bear Residential Developments Ltd
Unaudited accounts
for the year ended 31 August 2024
Bear Residential Developments Ltd
Unaudited accounts
Contents
Bear Residential Developments Ltd
Statement of financial position
as at 31 August 2024
Investment property
705,748
-
Cash at bank and in hand
2,067
3,257
Creditors: amounts falling due within one year
(778,466)
(41,348)
Net current (liabilities)/assets
(614,753)
144,029
Called up share capital
1
1
Fair value reserve
-
176,401
Profit and loss account
90,994
(32,373)
Shareholders' funds
90,995
144,029
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 May 2025 and were signed on its behalf by
Natalie Gascoyne
Director
Company Registration No. 12946265
Bear Residential Developments Ltd
Notes to the Accounts
for the year ended 31 August 2024
Bear Residential Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12946265. The registered office is Profolk, Bank Chambers, St. Petersgate, Stockport, Cheshire, SK1 1AR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due after more than one year
Amounts due from group undertakings etc.
107,646
140,120
Other debtors
54,000
42,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
591,014
-
Other creditors
186,500
49,500
Loans from directors
52
(11,330)
Within creditors is a development loan from HS Credit Limited, totalling £591,014 as at 31 August 2024. The loan is secured by 1st legal charge over 518 Stretford Road, Stretford, Manchester, M16 9AF.
There is also a second development loan of £125,000 secured by second charge over the same property.
Bear Residential Developments Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
HS Credit Limited
100,000
-
A personal guarantee has been provided on the development loan by HS Credit Limited, up to a maximum value of £100,000.
The company is a 100% subsidiary of Davies Developments Limited (Companies House No: 11897258).
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).