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REGISTERED NUMBER: 09498879 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BRIDGE HOMES (NORWICH) LIMITED

BRIDGE HOMES (NORWICH) LIMITED (REGISTERED NUMBER: 09498879)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRIDGE HOMES (NORWICH) LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTOR: P G Rose





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 09498879 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

BRIDGE HOMES (NORWICH) LIMITED (REGISTERED NUMBER: 09498879)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,843 8,322
Investments 5 20 -
24,863 8,322

CURRENT ASSETS
Debtors 6 1,142,337 414,052
Cash at bank 33,092 166,209
1,175,429 580,261
CREDITORS
Amounts falling due within one year 7 531,393 272,658
NET CURRENT ASSETS 644,036 307,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,899

315,925

CAPITAL AND RESERVES
Called up share capital 25 15
Share premium 325,442 -
Retained earnings 343,432 315,910
668,899 315,925

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 director and authorised for issue on 16 November 2023 and were signed by:




P G Rose - Director


BRIDGE HOMES (NORWICH) LIMITED (REGISTERED NUMBER: 09498879)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Bridge Homes (Norwich) 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.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

BRIDGE HOMES (NORWICH) LIMITED (REGISTERED NUMBER: 09498879)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 20,983
Additions 32,129
Disposals (17,367 )
At 31 March 2023 35,745
DEPRECIATION
At 1 April 2022 12,661
Charge for year 8,281
Eliminated on disposal (10,040 )
At 31 March 2023 10,902
NET BOOK VALUE
At 31 March 2023 24,843
At 31 March 2022 8,322

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 657,566
Impairments (657,546 )
At 31 March 2023 20
NET BOOK VALUE
At 31 March 2023 20

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,553 -
Amounts owed by group undertakings 344,980 -
Amounts recoverable on contracts 788,989 -
Other debtors 6,815 414,052
1,142,337 414,052

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 12,400 55,000
Other creditors 518,993 217,658
531,393 272,658

BRIDGE HOMES (NORWICH) LIMITED (REGISTERED NUMBER: 09498879)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P G Rose.