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REGISTERED NUMBER: 07148591 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

BRIDGE BISTRO (WADEBRIDGE) LIMITED

BRIDGE BISTRO (WADEBRIDGE) LIMITED (REGISTERED NUMBER: 07148591)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIDGE BISTRO (WADEBRIDGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: P D Wilson
Mrs V A Wilson





REGISTERED OFFICE: 5/7 Berry Road
Newquay
Cornwall
TR7 1AD





REGISTERED NUMBER: 07148591 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

BRIDGE BISTRO (WADEBRIDGE) LIMITED (REGISTERED NUMBER: 07148591)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 291,052

CURRENT ASSETS
Debtors 5 - 1,541
Cash at bank 248,981 122,794
248,981 124,335
CREDITORS
Amounts falling due within one year 6 115,767 158,461
NET CURRENT ASSETS/(LIABILITIES) 133,214 (34,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,214

256,926

CREDITORS
Amounts falling due after more than one
year

7

-

(64,295

)

PROVISIONS FOR LIABILITIES - (4,572 )
NET ASSETS 133,214 188,059

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,114 187,959
SHAREHOLDERS' FUNDS 133,214 188,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRIDGE BISTRO (WADEBRIDGE) LIMITED (REGISTERED NUMBER: 07148591)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by:





P D Wilson - Director


BRIDGE BISTRO (WADEBRIDGE) LIMITED (REGISTERED NUMBER: 07148591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Bridge Bistro (Wadebridge) 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.

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.
Freehold property - not provided
Short leasehold - Straight line over 20 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

No depreciation is charged in respect of the company's freehold property, as it is the company's policy to maintain it's freehold premises in such a continual state of good repair, that the value is not adversely affected by the passage of time.

Consequently, the directors are of the opinion that the residual value of the freehold property will be at least it's historical cost, and that any charge for depreciation would therefore be negligible.

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 balance sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BRIDGE BISTRO (WADEBRIDGE) LIMITED (REGISTERED NUMBER: 07148591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 11 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 266,985 156 111,873 3,536 382,550
Disposals (266,985 ) (156 ) (111,873 ) (3,536 ) (382,550 )
At 31 May 2023 - - - - -
DEPRECIATION
At 1 June 2022 - 94 87,952 3,452 91,498
Eliminated on disposal - (94 ) (87,952 ) (3,452 ) (91,498 )
At 31 May 2023 - - - - -
NET BOOK VALUE
At 31 May 2023 - - - - -
At 31 May 2022 266,985 62 23,921 84 291,052

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors - 846
Prepayments and accrued income - 695
- 1,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts - 9,004
Tax 2,690 10,815
VAT 520 -
Directors' current accounts 111,201 136,823
Accrued expenses 1,356 1,819
115,767 158,461

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years - 9,408
Bank loans - 2-5 years - 35,021
Bank loans > 5 years - 19,866
- 64,295

BRIDGE BISTRO (WADEBRIDGE) LIMITED (REGISTERED NUMBER: 07148591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.23 31.5.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years - 19,866

8. RELATED PARTY DISCLOSURES

The company is controlled by its directors, by virtue of the fact that they own 100% of the company's ordinary issued share capital.