1 September 2023 false No description of principal activity Taxfiler 2024.6 12946265business:PrivateLimitedCompanyLtd2023-09-012024-08-31 129462652023-08-31 129462652023-09-012024-08-31 12946265business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 12946265business:FilletedAccounts2023-09-012024-08-31 129462652024-08-31 129462652023-08-31 12946265core:WithinOneYear2024-08-31 12946265core:WithinOneYear2023-08-31 12946265core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 12946265core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12946265core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-08-31 12946265core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-08-31 12946265core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 12946265core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12946265core:PreviouslyStatedAmount2024-08-31 12946265core:PreviouslyStatedAmount2023-08-31 12946265business:SmallEntities2023-09-012024-08-31 12946265business:Director12023-09-012024-08-31 12946265countries:EnglandWales2023-09-012024-08-31 12946265business:RegisteredOffice2023-09-012024-08-31 12946265core:AfterOneYear2024-08-31 12946265core:AfterOneYear2023-08-31 12946265core:WithinOneYear2023-09-012024-08-31 12946265business:Director112023-09-012024-08-31 12946265business:Director112024-08-31 129462652022-11-012023-08-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
Bear Residential Developments Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
705,748 
- 
Current assets
Debtors
161,646 
182,120 
Cash at bank and in hand
2,067 
3,257 
163,713 
185,377 
Creditors: amounts falling due within one year
(778,466)
(41,348)
Net current (liabilities)/assets
(614,753)
144,029 
Net assets
90,995 
144,029 
Capital and reserves
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
- 3 -
Bear Residential Developments Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Additions
705,748 
At 31 August 2024
705,748 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
107,646 
140,120 
Other debtors
54,000 
42,000 
161,646 
182,120 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
591,014 
- 
Trade creditors
- 
2,278 
Other creditors
186,500 
49,500 
Loans from directors
52 
(11,330)
Accruals
900 
900 
778,466 
41,348 
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.
- 4 -
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 
£ 
£ 
Natalie Gascoyne
HS Credit Limited
100,000 
- 
100,000 
- 
A personal guarantee has been provided on the development loan by HS Credit Limited, up to a maximum value of £100,000.
8
Controlling party
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).
- 5 -