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REGISTERED NUMBER: 10364589 (England and Wales)


















BLUE BEAR PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE BEAR PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J A Jackson-Stops
G S Hanbury





REGISTERED OFFICE: Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
Northamptonshire
MK19 6AN





REGISTERED NUMBER: 10364589 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 14,291 -
Tangible assets 5 1,387,819 1,261,117
1,402,110 1,261,117

CURRENT ASSETS
Debtors 6 38,610 50,130
Cash at bank 173,300 78,677
211,910 128,807
CREDITORS
Amounts falling due within one year 7 912,885 863,451
NET CURRENT LIABILITIES (700,975 ) (734,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

701,135

526,473

CREDITORS
Amounts falling due after more than one
year

8

(1,059,761

)

(893,771

)

PROVISIONS FOR LIABILITIES (16,199 ) -
NET LIABILITIES (374,825 ) (367,298 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (374,925 ) (367,398 )
(374,825 ) (367,298 )

BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





J A Jackson-Stops - Director


BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Blue Bear Property Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost
Short leasehold - 20% on cost
Improvements to property - 5% on cost
Plant and machinery - 10% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Financial assistance has been given to the company by its directors. The directors considers that this will continue for the foreseeable future. In view of this the financial statements have been prepared on the basis of going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 24,505
At 30 September 2024 24,505
AMORTISATION
Charge for year 10,214
At 30 September 2024 10,214
NET BOOK VALUE
At 30 September 2024 14,291

5. TANGIBLE FIXED ASSETS
Improveme
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 October 2023 12,665 14,693 494,289
Additions 4,708 - 170,049
Disposals - - -
At 30 September 2024 17,373 14,693 664,338
DEPRECIATION
At 1 October 2023 1,541 14,693 216,608
Charge for year 1,737 - 29,457
Eliminated on disposal - - -
At 30 September 2024 3,278 14,693 246,065
NET BOOK VALUE
At 30 September 2024 14,095 - 418,273
At 30 September 2023 11,124 - 277,681

BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 1,187,000 12,043 24,977 1,745,667
Additions 242,608 - 2,549 419,914
Disposals (189,707 ) (12,043 ) (16,263 ) (218,013 )
At 30 September 2024 1,239,901 - 11,263 1,947,568
DEPRECIATION
At 1 October 2023 233,721 8,363 9,624 484,550
Charge for year 118,390 - 1,999 151,583
Eliminated on disposal (62,708 ) (8,363 ) (5,313 ) (76,384 )
At 30 September 2024 289,403 - 6,310 559,749
NET BOOK VALUE
At 30 September 2024 950,498 - 4,953 1,387,819
At 30 September 2023 953,279 3,680 15,353 1,261,117

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 630,973 12,043 643,016
Additions 175,990 - 175,990
Disposals - (12,043 ) (12,043 )
At 30 September 2024 806,963 - 806,963
DEPRECIATION
At 1 October 2023 92,852 8,363 101,215
Charge for year 80,697 - 80,697
Eliminated on disposal - (8,363 ) (8,363 )
At 30 September 2024 173,549 - 173,549
NET BOOK VALUE
At 30 September 2024 633,414 - 633,414
At 30 September 2023 538,121 3,680 541,801

BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,782 10,120
Other debtors 27,828 40,010
38,610 50,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,885 6,624
Finance leases (see note 9) 145,053 244,787
Trade creditors 119,084 108,865
Taxation and social security 10,968 1,920
Other creditors 630,895 501,255
912,885 863,451

Included within other creditors are loans from connected companies. A loan for £283,218 (2023 - £109,052) is owed to Burcote Property Limited and a loan for £222,433 (2023 - £273,933) is owed to Osgood Property Limited. There is no interest charged on these loans.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,605 32,903
Finance leases (see note 9) 178,263 166,549
Other creditors 853,893 694,319
1,059,761 893,771

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 145,053 244,787
Between one and five years 178,263 166,549
323,316 411,336

BLUE BEAR PROPERTY LIMITED (REGISTERED NUMBER: 10364589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 306,190 -
Between one and five years 520,059 -
826,249 -