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REGISTERED NUMBER: 07632565 (England and Wales)













35 BRIDGE STREET LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

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










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


35 BRIDGE STREET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A Saunders
C M Thomas





REGISTERED OFFICE: Sunnydale Scurlage, Reynoldston
Gower
Swansea
SA3 1BA





REGISTERED NUMBER: 07632565 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
Oystermouth House Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
35 BRIDGE STREET LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 35 Bridge Street Ltd for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of 35 Bridge Street Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 35 Bridge Street Ltd and state those matters that we have agreed to state to the Board of Directors of 35 Bridge Street Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 35 Bridge Street Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 35 Bridge Street Ltd. You consider that 35 Bridge Street Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 35 Bridge Street Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carr, Jenkins & Hood
Oystermouth House Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS


20 November 2023

35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 318,861 327,824

CURRENT ASSETS
Debtors 5 895 5,750
Cash at bank 684 1,664
1,579 7,414
CREDITORS
Amounts falling due within one year 6 15,404 19,144
NET CURRENT LIABILITIES (13,825 ) (11,730 )
TOTAL ASSETS LESS CURRENT LIABILITIES 305,036 316,094

CREDITORS
Amounts falling due after more than one
year

7

(207,849

)

(217,602

)

PROVISIONS FOR LIABILITIES (22,300 ) (22,300 )
NET ASSETS 74,887 76,192

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 90,548 95,797
Retained earnings (15,761 ) (19,705 )
74,887 76,192

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.

35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

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 20 November 2023 and were signed on its behalf by:





C M Thomas - Director


35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

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


1. STATUTORY INFORMATION

35 Bridge Street Ltd 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 recognised at the fair value of the consideration received or receivable for rent, goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold - 2% straight line
Fixtures, fittings & equipment - 25% reducing balance
Computer equipment - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

3. EMPLOYEES AND DIRECTORS

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

35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 365,000 34,964 399,964
DEPRECIATION
At 1 June 2022 43,800 28,340 72,140
Charge for year 7,300 1,663 8,963
At 31 May 2023 51,100 30,003 81,103
NET BOOK VALUE
At 31 May 2023 313,900 4,961 318,861
At 31 May 2022 321,200 6,624 327,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,000
Other debtors 895 750
895 5,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,144 12,144
Taxation and social security 2,260 6,000
Other creditors 1,000 1,000
15,404 19,144

Bank loans are secured by a fixed and floating charge over the assets of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 97,003 108,756
Other creditors 110,846 108,846
207,849 217,602

35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Bank loans are secured by a fixed and floating charge over the assets of the company.

Included in Other creditors are amounts due to directors of £110,846 (2021: £108,846). Interest is not charged to the company in respect of this balance and there are no set repayment terms.

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022 95,797
Transfer (5,249 )

At 31 May 2023 90,548