CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Company Registration Number:
11719945 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Company Information

for the Period Ended 31 December 2021




Director: John Palmer
Registered office: 33
Chelsea Bridge Road
Churchill
London
GBR
SW1W 8RG
Company Registration Number: 11719945 (England and Wales)

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Directors' Report Period Ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Principal Activities

High Specification Property Renovations and Developments remain our primary business. We have also begun Land Acquisition & Development specifically for the purpose of affordable Social Housing.

Company policy on the employment of disabled persons

We make a conscious decision to employ not only on ability but eagerness to learn. However there are some challenges construction sites present that will have limitations on who can work on these sites.

Directors

The directors shown below have held office during the whole of the period from 01 January 2021 to 31 December 2021
John Palmer

This report was approved by the board of directors on 3 June 2022
And Signed On Behalf Of The Board By:

Name: John Palmer
Status: Director

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Balance sheet

As at 31 December 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 5,861,137 78,137
Total fixed assets: 5,861,137 78,137
Current assets
Stocks: 2,585,000 97,180
Debtors: 5 491,500
Total current assets: 3,076,500 97,180
Prepayments and accrued income: 785,000 1,380,000
Net current assets (liabilities): 3,861,500 1,477,180
Total assets less current liabilities: 9,722,637 1,555,317
Creditors: amounts falling due after more than one year: 6 ( 1,250,000 )
Provision for liabilities: ( 500,000 ) ( 100,000 )
Accruals and deferred income: ( 3,791,137 )
Total net assets (liabilities): 5,431,500 205,317

The notes form part of these financial statements

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Balance sheet continued

As at 31 December 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 5,431,499 205,316
Shareholders funds: 5,431,500 205,317

For the year ending 31 December 2021 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 3 June 2022
And Signed On Behalf Of The Board By:

Name: John Palmer
Status: Director

The notes form part of these financial statements

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 89 47

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 3. Off balance sheet disclosure

    No

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible assets

Land & buildings Plant & machinery Total
Cost £ £ £
At 01 January 2021 - 78,137 78,137
Additions 5,000,000 870,000 5,870,000
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 December 2021 5,000,000 948,137 5,948,137
Depreciation
At 01 January 2021 - - -
Charge for year - 87,000 87,000
On disposals - ( 0 ) ( 0 )
Other adjustments - - -
At 31 December 2021 - 87,000 87,000
Net book value
At 31 December 2021 5,000,000 861,137 5,861,137
At 31 December 2020 - 78,137 78,137

Acquisition & development of a 47 acre residential site within the M25 and increased demand for our Executive Sub-Terranean Developments were the major contributors to growth.

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Debtors


2021
£

2020
£
Trade debtors 320,000
Prepayments and accrued income 171,500
Total 491,500

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6.Creditors: amounts falling due after more than one year


2021
£

2020
£
Other creditors 1,250,000
Total 1,250,000

Credit obtained was an advance on a future restoration of a property