IRIS Accounts Production v23.3.0.418 SC245645 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2456452022-02-28SC2456452023-02-28SC2456452022-03-012023-02-28SC2456452021-02-28SC2456452021-03-012022-02-28SC2456452022-02-28SC245645ns10:Originalns15:Scotland2022-03-012023-02-28SC245645ns14:PoundSterlingns10:Original2022-03-012023-02-28SC245645ns10:Originalns10:Director12022-03-012023-02-28SC245645ns10:Original2022-03-012023-02-28SC245645ns10:Original2023-02-28SC245645ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC245645ns10:Originalns10:SmallEntities2022-03-012023-02-28SC245645ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC245645ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC245645ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-28SC245645ns10:Originalns10:FullAccounts2022-03-012023-02-28SC245645ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-28SC245645ns10:CompanySecretary1ns10:Original2022-03-012023-02-28SC245645ns10:Originalns10:RegisteredOffice2022-03-012023-02-28SC245645ns10:Original2022-02-28SC245645ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC245645ns10:Originalns5:CurrentFinancialInstruments2022-02-28SC245645ns10:Originalns5:Non-currentFinancialInstruments2023-02-28SC245645ns10:Originalns5:Non-currentFinancialInstruments2022-02-28SC245645ns5:ShareCapitalns10:Original2023-02-28SC245645ns5:ShareCapitalns10:Original2022-02-28SC245645ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC245645ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC245645ns10:Originalns5:FurnitureFittings2022-03-012023-02-28SC245645ns10:Originalns5:ComputerEquipment2022-03-012023-02-28SC245645ns10:Original2021-03-012022-02-28SC245645ns10:Originalns5:PlantMachinery2022-02-28SC245645ns10:Originalns5:FurnitureFittings2022-02-28SC245645ns10:Originalns5:ComputerEquipment2022-02-28SC245645ns10:Original2022-02-28SC245645ns10:Originalns5:PlantMachinery2022-03-012023-02-28SC245645ns10:Originalns5:PlantMachinery2023-02-28SC245645ns10:Originalns5:FurnitureFittings2023-02-28SC245645ns10:Originalns5:ComputerEquipment2023-02-28SC245645ns10:Originalns5:PlantMachinery2022-02-28SC245645ns10:Originalns5:FurnitureFittings2022-02-28SC245645ns10:Originalns5:ComputerEquipment2022-02-28SC245645ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-28SC245645ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-02-28SC245645ns10:Originalns10:OrdinaryShareClass12023-02-28SC245645ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC245645ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: SC245645 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Blackbridge Limited

Blackbridge Limited (Registered number: SC245645)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blackbridge Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr Malcolm Laurence Foster





SECRETARY: Mrs Sarah Foster





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC245645 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Blackbridge Limited (Registered number: SC245645)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,206 1,533
Investment property 5 472,891 472,891
474,097 474,424

CURRENT ASSETS
Prepayments and accrued income 510 810
Cash at bank 44,692 30,236
45,202 31,046
CREDITORS
Amounts falling due within one year 6 127,801 130,878
NET CURRENT LIABILITIES (82,599 ) (99,832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,498

374,592

CREDITORS
Amounts falling due after more than one
year

7

232,995

232,995
NET ASSETS 158,503 141,597

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 158,502 141,596
SHAREHOLDERS' FUNDS 158,503 141,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Blackbridge Limited (Registered number: SC245645)

Balance Sheet - continued
28 February 2023


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





Mr Malcolm Laurence Foster - Director


Blackbridge Limited (Registered number: SC245645)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings and equipment - 15% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


Blackbridge Limited (Registered number: SC245645)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fittings
Integral and Computer
Features equipment equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 3,427 260 3,704 7,391
DEPRECIATION
At 1 March 2022 2,493 189 3,176 5,858
Charge for year 140 11 176 327
At 28 February 2023 2,633 200 3,352 6,185
NET BOOK VALUE
At 28 February 2023 794 60 352 1,206
At 28 February 2022 934 71 528 1,533

Blackbridge Limited (Registered number: SC245645)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 March 2022
and 28 February 2023 472,891
NET BOOK VALUE
At 28 February 2023 472,891
At 28 February 2022 472,891

The directors are of the opinion that the value of the company's investment properties is fairly stated at the original acquisition cost of the properties.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,499 -
Other creditors 125,302 130,878
127,801 130,878

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 232,995 232,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage more than five years 232,995 232,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

Blackbridge Limited (Registered number: SC245645)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RESERVES
Retained
earnings
£   

At 1 March 2022 141,596
Profit for the year 18,906
Dividends (2,000 )
At 28 February 2023 158,502

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Malcolm Laurence Foster.