Bear Land Limited - Accounts to registrar - small 17.2

Bear Land Limited - Accounts to registrar - small 17.2

BEAR LAND LIMITED - Company Information

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REGISTERED NUMBER: 08338366 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Bear Land Limited

Bear Land Limited (Registered number: 08338366)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bear Land Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: I B Fagelson





REGISTERED OFFICE: 10-14 Accommodation Road
Golders Green
London
NW11 8ED





REGISTERED NUMBER: 08338366 (England and Wales)





ACCOUNTANTS: Grunberg & Co Limited
Chartered Accountants
10-14 Accommodation Road
Golders Green
London
NW11 8ED
Page 1
Bear Land Limited (Registered number: 08338366)

Statement of Financial Position
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 1,333 2,667

CURRENT ASSETS
Inventories - 3,000
Debtors 4 72,741 69,741
Cash at bank 230 647
72,971 73,388
CREDITORS
Amounts falling due within one year 5 5,098 5,612
NET CURRENT ASSETS 67,873 67,776
TOTAL ASSETS LESS CURRENT
LIABILITIES
69,206
70,443

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Retained earnings (180,794 ) (179,557 )
SHAREHOLDERS' FUNDS 69,206 70,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 September 2017 and were signed by:





I B Fagelson - Director


The notes form part of these financial statements

Page 2
Bear Land Limited (Registered number: 08338366)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Bear Land Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Turnover is recognised at point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, based on weighted average
cost, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Page 3 continued...
Bear Land Limited (Registered number: 08338366)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

3. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 January 2016
and 31 December 2016 4,000
DEPRECIATION
At 1 January 2016 1,333
Charge for year 1,334
At 31 December 2016 2,667
NET BOOK VALUE
At 31 December 2016 1,333
At 31 December 2015 2,667

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 72,741 69,741

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 1,331 1,510
Social security and other taxes 2,867 2,867
Accrued expenses 900 1,235
5,098 5,612

6. FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st
January 2015.

No material transitional adjustments were required in equity or profit and loss for the year.


Page 4