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Registered number: 10136529
Bear Hug Sports Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Bear Hug Sports Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Bear Hug Sports Ltd
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 10136529

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 7,223 |  | -
Tangible Assets | 5 |  | 1,703 |  | 345
|  |  | 8,926 |  | 345
CURRENT ASSETS
Stocks | 6 | 45,976 |  | 17,909 |
Debtors | 7 | 129,687 |  | 221,849 |
Cash at bank and in hand |  | 31,672 |  | 31,182 |
|  | 207,335 |  | 270,940 |
Creditors: Amounts Falling Due Within One Year | 8 | (237,969 ) |  | (312,135 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (30,634 ) |  | (41,195 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (21,708 ) |  | (40,850 )
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (133,784 ) |  | (155,848 )
NET LIABILITIES |  |  | (155,492 ) |  | (196,698 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,044 |  | 1,019
Share premium account |  |  | 144,956 |  | 55,981
Profit and Loss Account |  |  | (301,492 ) |  | (253,698 )
SHAREHOLDERS' FUNDS |  |  | (155,492) |  | (196,698)

Page 1
Page 2
Bear Hug Sports Ltd
Balance Sheet (continued)
As At 30 April 2025
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 members have 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 Hywel George Director
19 October 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Bear Hug Sports Ltd
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Bear Hug Sports Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10136529 . The registered office is Unit 1b, Gemini Works Pontnewynydd Industrial Estate, Pontnewynydd, NP4 6YW.
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 company has net lliabilities of £155,492 (FY 24 £196,698). The director has considered carefully whether sufficient funds will be available to allow the company to pay its debts as and when they fall due. The director is satisified that the company has access to funds to adequately provide working capital that is sufficient to allow the company to continue to trade and the director therefore concludes that the application of the going concern basis remains appropriate.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are related to the company's rebrand and subsequent reskin of its website and social media assets. It is amortised to the profit and loss account equally over its estimated economic life of three years.
2.5. 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:

Plant & Machinery | 100% written off within twelve months of purchase
Fixtures & Fittings | 25% reducing balance method
Computer Equipment | 25% reducing balance method

2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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.
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Bear Hug Sports Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
2.8. 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 2)
4 2
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 May 2024 | -
Additions | 8,667
As at 30 April 2025 | 8,667
Amortisation
As at 1 May 2024 | -
Provided during the period | 1,444
As at 30 April 2025 | 1,444
Net Book Value
As at 30 April 2025 | 7,223
As at 1 May 2024 | -

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Page 5
Bear Hug Sports Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
5. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 May 2024 | - | 1,128 | - | 1,128
Additions | 442 | - | 2,498 | 2,940
Disposals | - | - | (1,249 ) | (1,249 )
As at 30 April 2025 | 442 | 1,128 | 1,249 | 2,819
Depreciation
As at 1 May 2024 | - | 783 | - | 783
Provided during the period | 221 | 86 | 26 | 333
As at 30 April 2025 | 221 | 869 | 26 | 1,116
Net Book Value
As at 30 April 2025 | 221 | 259 | 1,223 | 1,703
As at 1 May 2024 | - | 345 | - | 345

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 45,976 |  | 17,909

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,848 |  | 9,375
Other debtors | 56,485 |  | 150,708
| 58,333 |  | 160,083
Due after more than one year
Other debtors | 71,354 |  | 61,766
| 129,687 |  | 221,849

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 51,032 |  | 148,870
Bank loans and overdrafts | 6,705 |  | 10,000
Other loans | 113,932 |  | 47,094
Other creditors | 25,490 |  | 53,035
Taxation and social security | 40,810 |  | 53,136
| 237,969 |  | 312,135

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Bear Hug Sports Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 30,991 |  | 34,401
Other loans | 81,809 |  | 102,050
Other creditors | 20,984 |  | 19,397
| 133,784 |  | 155,848

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,044 |  | 1,019

11. Directors Advances, Credits and Guarantees
Included within creditors is the following loan from the director:

| As at 1 May 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 April 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Hywel George | 19,397 | 1,594 | 7 | - | 20,984

The above loan is unsecured. Interest accrues on the loan at the rate of 5% per annum but there is no obligation to pay the interest as it accrues. Mr George has agreed not demand repayment of the capital amount and accrued interest for a period no shorter than 12 months and one day following the date of the balance sheet.
12. Related Party Transactions
During the year, the company paid to Langham Enterprise, a business operated by Mr HR George £24,330 (FY 24: £42,185). These payments were in respect of consultancy services. The balance owed to Langham Enterprise at the balance sheet date was £nil (FY 24: £nil).
Including in other loans to the company is a loan payable to the Little Lunch Company, a business operated by Mrs C George. The balance owed by the company at the balance sheet date was £3,422.64 (FY 24: £20,991). The loan was advanced on flexible terms with no fixed repayment schedule in place.
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