Company registration number 15496968 (England and Wales)
Bear & Bear Property Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Pages For Filing With Registrar
Bear & Bear Property Ltd
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
Bear & Bear Property Ltd
Balance Sheet
As At 28 February 2026
Page 1
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
14,058
18,744
Investment property
6
250,000
222,332
264,058
241,076
Current assets
Debtors
7
548
638
Cash at bank and in hand
17,919
15,847
18,467
16,485
Creditors: amounts falling due within one year
8
(232,533)
(236,116)
Net current liabilities
(214,066)
(219,631)
Total assets less current liabilities
49,992
21,445
Provisions for liabilities
(10,431)
-
Net assets
39,561
21,445
Capital and reserves
Called up share capital
2
2
Other reserves
20,751
-
0
Profit and loss reserves
18,808
21,443
Total equity
39,561
21,445
Bear & Bear Property Ltd
Balance Sheet (Continued)
As At 28 February 2026
Page 2

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 June 2026 and are signed on its behalf by:
Mr R D Webster
Director
Company registration number 15496968 (England and Wales)
Bear & Bear Property Ltd
Notes To The Financial Statements
For The Year Ended 28 February 2026
Page 3
1
Accounting policies
Company information

Bear & Bear Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Carriage House, Mill Street, Maidstone, Kent, ME15 6YE.

1.1
Reporting period

The company is reporting a comparative period of longer than one year as this was the first period that the company h ad traded. The company intends to report to 28th February each year.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, with the sole exception of investment properties which although are initially measured at cost are then subsequently held at fair value at the end of the reporting year, with any changes in fair value being reported through the statement of profit and loss. The principle accounting policies adopted are set out below.

1.3
Turnover

Rental revenue comprises gross rentals net of value added tax and other sales tax, less an appropriate deduction for actual and expected returns and discounts. Gross rentals are recognised on a straight line basis over the lease term on an accrual basis.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Rental Income

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Rental Income

Rental income is recognized on a straight-line basis over the term of the lease agreements. Gross rental income, including payments from tenants, is recognized in the income statement. Deductible expenses, including maintenance and repairs, property taxes, and insurance, are deducted from gross rental income to arrive at net rental income.

Bear & Bear Property Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
1
Accounting policies
(Continued)
Page 4
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Bear & Bear Property Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
1
Accounting policies
(Continued)
Page 5
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Bear & Bear Property Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
1
Accounting policies
(Continued)
Page 6
1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
Bear & Bear Property Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
Page 7
4
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
1,305
703
Deferred tax
Origination and reversal of timing differences
10,431
-
0
Total tax charge
11,736
703
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2025 and 28 February 2026
20,810
Depreciation and impairment
At 1 March 2025
2,066
Depreciation charged in the year
4,686
At 28 February 2026
6,752
Carrying amount
At 28 February 2026
14,058
At 28 February 2025
18,744
6
Investment property
2026
£
Fair value
At 1 March 2025
222,332
Revaluations
27,668
At 28 February 2026
250,000

Investment property comprises properties at a fair value of £2 50,000. The valuation has been arrived at by the

directors of the company. The valuation was made on an open market value basis by reference to market

evidence of transaction prices for similar properties.

Bear & Bear Property Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
Page 8
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
548
638
8
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
1,305
703
Other creditors
231,228
235,413
232,533
236,116
9
Directors' transactions

Interest free loans have been granted by the directors to the company as follows:

Loans
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Mr R D Webster -
-
234,199
(5,279)
228,920
234,199
(5,279)
228,920
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