Beargate Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 03697081

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	90,163		106,140
Cash at bank and in hand		5,136		3,466

		95,299		109,606
Creditors: Amounts Falling Due Within One Year	6	(24,130 )		(69,728 )

NET CURRENT ASSETS (LIABILITIES)			71,169		39,878

TOTAL ASSETS LESS CURRENT LIABILITIES			71,169		39,878

NET ASSETS			71,169		39,878

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			71,069		39,778

SHAREHOLDERS' FUNDS			71,169		39,878

For the year ending 30 April 2025 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 Tony Holman

Director

2 October 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Beargate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03697081 . The registered office is Canada House, First Floor, 20/20 Business Park, Maidstone, Kent, ME16 0LS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.4. 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:

Fixtures & Fittings

25% reducing balance

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Beargate Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 May 2024	6,189

As at 30 April 2025	6,189

Depreciation
As at 1 May 2024	6,189

As at 30 April 2025	6,189

Net Book Value
As at 30 April 2025	-

As at 1 May 2024	-

5. Debtors

	2025	2024
	£	£
Due within one year
Director's loan account	55,129	71,106
Amounts owed by associates	11,036	11,036

	66,165	82,142
Due after more than one year
Corporation tax recoverable assets	23,998	23,998

	90,163	106,140

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	205	435
Corporation tax	12,834	49,584
Other taxes and social security	1,928	17,030
VAT	9,131	2,647
Other creditors	32	32

	24,130	69,728

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Beargate Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

8. Directors Advances, Credits and Guarantees

Included within Debtors/(Creditors) are the following loans to/from directors:

	As at 1 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2025
	£	£	£	£	£
Mr Tony Holman	71,106	54,400	(70,377 )	-	55,129

The above loan is unsecured, repayable on demand. The HMRC official rate of interest is charged on the outstanding balance.

9. Related Party Transactions

During the year the company invoiced a related party for consultancy services £124,000 (2024: £80,133). At the year end the balance owed to the company in respect of consultancy services was £nil (2024: £nil). Loans received from the related company in prior years amounted to £15,000 and at the year end the balance owed to the related party was £11,036 (2024: £11,036).

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr T Holman and Mrs T Holman by virtue of their equal ownership of 100% of the issued share capital in the company.

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