| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 23 August 2023 to 31 August 2024 |
| for |
| Bearwell Ltd |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Hine House |
| 25 Regent Street |
| Nottingham |
| Nottinghamshire |
| NG1 5BS |
| Bearwell Ltd (Registered number: 15092849) |
| Balance Sheet |
| 31 August 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Revaluation reserve |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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. |
| 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 | 1,154,854 |
| Revaluations | 3,676 |
| At 31 August 2024 | 1,158,530 |
| NET BOOK VALUE |
| At 31 August 2024 | 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 |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| 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 |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Taxation and social security |
| Other creditors |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the period ended 31 August 2024: |
| £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - |
| Amounts waived | - |
| Balance outstanding at end of period |
| 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 |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - |
| Amounts waived | - |
| Balance outstanding at end of period |