Bear Island Ltd - Accounts

Bear Island Ltd
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	1,929	1,915
		1,929	1,915
Current assets
Debtors	4	141,646	0
Cash at bank and in hand		970,886	414,609
		1,112,532	414,609
Creditors: amount falling due within one year	5	(362,216)	(192,878)
Net current assets		750,316	221,731

Total assets less current liabilities		752,245	223,646
Provisions for liabilities	6	(482)	(479)
Net assets		751,763	223,167

Capital and reserves
Called up share capital		1	1
Profit and loss account		751,762	223,166
Shareholders' funds		751,763	223,167

For the 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question 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 accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 22 September 2026 and were signed by:

-------------------------------
Adam Atkins
Director

Bear Island Ltd
Notes to the Financial Statements
For the year ended 28 February 2026

General Information

Bear Island Ltd is a private company, limited by shares, registered in England and Wales, registration number 15473024, registration address 51 Primrose Walk, Ewell, Epsom, Surrey, KT17 2EZ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2025 : 0).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 March 2025	2,553	2,553
Additions	1,166	1,166
Disposals	-	-
Transfers	(426)	(426)
At 28 February 2026	3,293	3,293
Depreciation
At 01 March 2025	638	638
Charge for year	726	726
On disposals	-	-
At 28 February 2026	1,364	1,364
Net book values
Closing balance as at 28 February 2026	1,929	1,929
Opening balance as at 01 March 2025	1,915	1,915

Debtors: amounts falling due within one year

	2026 £		2025 £
Trade Debtors	141,646		0
	141,646		0

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	482	219
Corporation Tax	195,922	103,141
PAYE & Social Security	175	0
Other Creditors	1	(1)
Directors' Current Accounts	147,768	89,519
VAT	17,868	0
	362,216	192,878

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	482		479
	482		479