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Company No: 13526505 (England and Wales)

# BLACK BEAR LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

BLACK BEAR LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

BLACK BEAR LTD

## BALANCE SHEET

As at 31 March 2026
BLACK BEAR LTD

## BALANCE SHEET (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 337,727 |  | 347,404
|  | 337,727 |  | 347,404
Current assets |  |  |  |
Stocks | 4 | 69,366 |  | 56,159
Debtors | 5 | 63,063 |  | 74,087
Cash at bank and in hand | 6 | 761 |  | 2,378
|  | 133,190 |  | 132,624
Creditors: amounts falling due within one year | 7 | ( 500,538) |  | ( 435,466)
Net current liabilities |  | (367,348) |  | (302,842)
Total assets less current liabilities |  | (29,621) |  | 44,562
Creditors: amounts falling due after more than one year | 8 | ( 394,844) |  | ( 427,247)
Net liabilities |  | ( 424,465) |  | ( 382,685)
Capital and reserves |  |  |  |
Called-up share capital | 9 | 100 |  | 100
Profit and loss account |  | ( 424,565 ) |  | ( 382,785 )
Total shareholder's deficit |  | ( 424,465) |  | ( 382,685)

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Black Bear Ltd (registered number: 13526505) were approved and authorised for issue by the Director. They were signed on its behalf by:

M S Greaves Director |

11 August 2026

BLACK BEAR LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
BLACK BEAR LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Black Bear Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Communications Road, Greenham Business Park, Newbury, RG19 6AB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 50 years straight line
Plant and machinery | 25 % reducing balance
Office equipment | 25 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the weighted average basis. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 19 |  | 17

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost/Valuation |  |  |  |  |  |  |  |  |
At 01 April 2025 | 358,502 |  | 5,740 |  | 2,404 |  | 13,109 |  | 379,755
At 31 March 2026 | 358,502 |  | 5,740 |  | 2,404 |  | 13,109 |  | 379,755
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 April 2025 | 21,131 |  | 3,107 |  | 918 |  | 7,195 |  | 32,351
Charge for the financial year | 7,169 |  | 658 |  | 371 |  | 1,479 |  | 9,677
At 31 March 2026 | 28,300 |  | 3,765 |  | 1,289 |  | 8,674 |  | 42,028
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2026 | 330,202 |  | 1,975 |  | 1,115 |  | 4,435 |  | 337,727
At 31 March 2025 | 337,371 |  | 2,633 |  | 1,486 |  | 5,914 |  | 347,404

#### 4. Stocks

| 2026 |  | 2025
| £ |  | £
Stocks | 69,366 |  | 56,159

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 10,661 |  | 4,931
Amounts owed by director | 0 |  | 165
Prepayments | 19,753 |  | 31,180
Other debtors | 32,649 |  | 37,811
| 63,063 |  | 74,087

#### 6. Cash and cash equivalents

| 2026 |  | 2025
| £ |  | £
Cash at bank and in hand | 761 |  | 2,378
Less: Bank overdrafts | ( 13,861) |  | ( 11,028)
| (13,100) |  | (8,650)

#### 7. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Bank loans and overdrafts | 65,465 |  | 62,632
Trade creditors | 408,631 |  | 352,729
Accruals | 4,143 |  | 5,241
Other taxation and social security | 20,574 |  | 14,339
Other creditors | 1,725 |  | 525
| 500,538 |  | 435,466

#### 8. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Bank loans | 122,242 |  | 156,232
Other creditors | 272,602 |  | 271,015
| 394,844 |  | 427,247

The bank loans are secured against the specific assets they relate to.

#### 9. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 10. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2026 |  | 2025
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 359 |  | 0

The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,736 (2025: £1,501).

#### 11. Related party transactions

Other related party transactions

| 2026 |  | 2025
| £ |  | £
T & G Wholesale Meats Limited - Non current liability | 272,602 |  | 271,015

T & G Wholesale Meats Limited is a company under common control. The balance is unsecured, interest free and there are no set repayment terms.