The Golden Bear Property Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

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Balance Sheet

As At 30 September 2024

Balance Sheet

Registered number: 03030747

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,500		12,495
Investments	5		1		168,998

			2,501		181,493
CURRENT ASSETS
Debtors	6	15,675		224,628
Cash at bank and in hand		407,705		414,891

		423,380		639,519
Creditors: Amounts Falling Due Within One Year	7	(54,065 )		(51,825 )

NET CURRENT ASSETS (LIABILITIES)			369,315		587,694

TOTAL ASSETS LESS CURRENT LIABILITIES			371,816		769,187

PROVISIONS FOR LIABILITIES
Deferred Taxation			(475 )		(2,374 )

NET ASSETS			371,341		766,813

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			371,339		766,811

SHAREHOLDERS' FUNDS			371,341		766,813

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The Golden Bear Property Limited

Balance Sheet (continued)

As At 30 September 2024

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr E H Kung

Director

23/09/2025

The notes on pages 4 to 7 form part of these financial statements.

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The Golden Bear Property Limited

Notes to the Financial Statements

For The Year Ended 30 September 2024

Notes to the Financial Statements

1. General Information

The Golden Bear Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03030747 .

The registered office is Unit A1 Connaught Business Centre, Hyde Estate Road, London, NW9 6JL .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all the years presented, unless otherwise stated.

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

The financial statements contain information about The Golden Bear Property Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies

as a small company.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Fixtures & Fittings	15 % on reducing balance

2.4. Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably

are measured at cost less impairment.

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The Golden Bear Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary

course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised

cost using the effective interest method, less provision for impairment. A provision for the impairment of trade

debtors is established when there is objective evidence that the company will not be able to collect all

amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if the company does not have

an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve

months after the reporting date. If there is an unconditional right to defer settlement for at least twelve

months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost

using the effective interest method.

Dividends

...CONTINUED

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The Golden Bear Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.7. - continued

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in

the reporting period in which the dividends are declared.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 October 2023	66,986

As at 30 September 2024	66,986

Depreciation
As at 1 October 2023	54,491
Provided during the period	9,995

As at 30 September 2024	64,486

Net Book Value
As at 30 September 2024	2,500

As at 1 October 2023	12,495

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 October 2023	168,998

As at 30 September 2024	168,998

Provision
As at 1 October 2023	-
Impairment losses	168,997

As at 30 September 2024	168,997

Net Book Value
As at 30 September 2024	1

As at 1 October 2023	168,998

Subsidiaries

Details of the company's subsidiaries as at 30 September 2024 are as follows:

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The Golden Bear Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Zcomax Technologies Limited	A1 Connaught Business Centre Hyde Estate Road Hendon England and Wales	Ordinary shares	75.00%	-

Subsidiary undertakings

Zcomax Technologies Limited

The principal activity of Zcomax Technologies Limited is other telecommunications activities.

6. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	-	211,528
Other debtors	15,675	13,100

	15,675	224,628

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,911	692
Other creditors	48,109	50,060
Taxation and social security	1,045	1,073

	54,065	51,825

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

9. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	9,000	10,000

10. Related Party Disclosures

Zcomax Technologies Limited is a company under common control of the director and shareholder, Mr E Kung.

At the year end, a balance is Nil (2023: £211,528) due from Zcomax Technologies Limited.

At the year end, the company owed a balance of £1,109 (2023: £2,559) to Mr E Kung the director and

shareholder of the company.

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Director	Mr E H Kung

Company Number	03030747

Registered Office	Unit A1 Connaught Business Centre
	Hyde Estate Road
	London
	NW9 6JL

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU