37 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10157457 2023-10-01 2024-09-30 10157457 2024-09-30 10157457 2023-09-30 10157457 2022-10-01 2023-09-30 10157457 2023-09-30 10157457 2022-09-30 10157457 core:PlantMachinery 2023-10-01 2024-09-30 10157457 bus:Director2 2023-10-01 2024-09-30 10157457 bus:Director1 2023-10-01 2024-09-30 10157457 core:PlantMachinery 2023-09-30 10157457 core:PlantMachinery 2024-09-30 10157457 core:WithinOneYear 2024-09-30 10157457 core:WithinOneYear 2023-09-30 10157457 core:ShareCapital 2024-09-30 10157457 core:ShareCapital 2023-09-30 10157457 core:RetainedEarningsAccumulatedLosses 2024-09-30 10157457 core:RetainedEarningsAccumulatedLosses 2023-09-30 10157457 core:PlantMachinery 2023-09-30 10157457 bus:Director1 2023-09-30 10157457 bus:Director1 2024-09-30 10157457 bus:Director1 2022-09-30 10157457 bus:Director1 2023-09-30 10157457 bus:Director1 2022-10-01 2023-09-30 10157457 bus:SmallEntities 2023-10-01 2024-09-30 10157457 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10157457 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10157457 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10157457 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 10157457
LITTLE BEARS CHAPEL HOUSE LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 September 2024
LITTLE BEARS CHAPEL HOUSE LIMITED
Company number: 10157457
CONTENTS
Statement of financial position
Notes to the financial statements
LITTLE BEARS CHAPEL HOUSE LIMITED
Company number: 10157457
STATEMENT OF FINANCIAL POSITION
AS AT 30TH SEPTEMBER 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 11,946 10,121
_______ _______
11,946 10,121
Current assets
Debtors 6 19,664 23,134
Cash at bank and in hand 208,686 96,006
_______ _______
228,350 119,140
Creditors: amounts falling due
within one year 7 ( 146,353) ( 41,984)
_______ _______
Net current assets 81,997 77,156
_______ _______
Total assets less current liabilities 93,943 87,277
Provisions for liabilities ( 2,986) ( 2,202)
_______ _______
Net assets 90,957 85,075
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 90,857 84,975
_______ _______
Shareholders funds 90,957 85,075
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
................
Michael Smith
Director
Company registration number: 10157457
LITTLE BEARS CHAPEL HOUSE LIMITED
Company number: 10157457
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 2 Frenton Close, Newcastle Upon Tyne, NE5 1LH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 37 (2023: 38 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1st October 2023 15,331 15,331
Additions 3,936 3,936
_______ _______
At 30th September 2024 19,267 19,267
_______ _______
Depreciation
At 1st October 2023 5,210 5,210
Charge for the year 2,111 2,111
_______ _______
At 30th September 2024 7,321 7,321
_______ _______
Carrying amount
At 30th September 2024 11,946 11,946
_______ _______
At 30th September 2023 10,121 10,121
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 19,664 23,134
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 12,093 7,935
Corporation tax 38,436 13,695
Social security and other taxes - 2,670
Other creditors 95,824 17,684
_______ _______
146,353 41,984
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Opening balance Amounts advanced Amounts repaid Closing balance
£ £ £ £
Mrs Danielle Shaw 22,176 15,144 ( 22,176) 15,144
_______ _______ _______ _______
2023
Opening balance Amounts advanced Amounts repaid Closing balance
£ £ £ £
Mrs Danielle Shaw 27,474 22,176 ( 27,474) 22,176
_______ _______ _______ _______