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REGISTERED NUMBER: 13581560 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

BRIDGELAND ENTERTAINMENT LIMITED

BRIDGELAND ENTERTAINMENT LIMITED (REGISTERED NUMBER: 13581560)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIDGELAND ENTERTAINMENT LIMITED

Company Information
for the year ended 31 August 2023







Directors: Mr R S Garcha
Mr M S Sidhu





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 13581560 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

BRIDGELAND ENTERTAINMENT LIMITED (REGISTERED NUMBER: 13581560)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 51,955 50,901
Tangible assets 5 69,372 70,108
121,327 121,009

Current assets
Stocks 7,500 7,500
Debtors 6 28,487 390,071
Cash at bank and in hand 8,060 23,929
44,047 421,500
Creditors
Amounts falling due within one year 7 215,467 441,263
Net current liabilities (171,420 ) (19,763 )
Total assets less current liabilities (50,093 ) 101,246

Creditors
Amounts falling due after more than one
year

8

210,646

200,000
Net liabilities (260,739 ) (98,754 )

Capital and reserves
Called up share capital 10 2 2
Retained earnings (260,741 ) (98,756 )
Shareholders' funds (260,739 ) (98,754 )

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

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

BRIDGELAND ENTERTAINMENT LIMITED (REGISTERED NUMBER: 13581560)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr R S Garcha - Director


BRIDGELAND ENTERTAINMENT LIMITED (REGISTERED NUMBER: 13581560)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

Bridgeland Entertainment 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost after initial recognition, intangible assets are measured at cost less any accumulated amortisation and andy accumulated impairment losses.

The intangible assets within the company are being amortised evenly over their estimated useful life of ten years and fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


BRIDGELAND ENTERTAINMENT LIMITED (REGISTERED NUMBER: 13581560)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


2. Accounting policies - continued
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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
Although the company has net liabilities of £260,739, the directors will continue to support the company and they are confident that the company will become profitable in future years. The accounts have therefore been produced on a going concern basis.

3. Employees and directors

The average number of employees during the year was 23 (2022 - 5 ) .

4. Intangible fixed assets
assets
£   
Cost
At 1 September 2022 55,759
Additions 6,336
At 31 August 2023 62,095
Amortisation
At 1 September 2022 4,858
Amortisation for year 5,282
At 31 August 2023 10,140
Net book value
At 31 August 2023 51,955
At 31 August 2022 50,901

BRIDGELAND ENTERTAINMENT LIMITED (REGISTERED NUMBER: 13581560)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


5. Tangible fixed assets
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 September 2022 37,137 27,486 7,765 72,388
Additions - 6,052 6,494 12,546
At 31 August 2023 37,137 33,538 14,259 84,934
Depreciation
At 1 September 2022 391 1,330 559 2,280
Charge for year 2,477 7,276 3,529 13,282
At 31 August 2023 2,868 8,606 4,088 15,562
Net book value
At 31 August 2023 34,269 24,932 10,171 69,372
At 31 August 2022 36,746 26,156 7,206 70,108

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors - 250,028
VAT - 56,153
Prepayments and accrued income 28,487 83,890
28,487 390,071

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,098 -
Trade creditors 81,132 373,212
Social security and other taxes 3,150 4,962
VAT 9,580 -
Other creditors 7,513 -
Directors' current accounts 68,036 24,631
Accruals and deferred income 35,958 38,458
215,467 441,263

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 2-5 years 30,646 -
Other creditors 180,000 200,000
210,646 200,000

BRIDGELAND ENTERTAINMENT LIMITED (REGISTERED NUMBER: 13581560)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 209,384 147,500
Between one and five years 754,303 590,000
In more than five years 1,312,500 1,413,542
2,276,187 2,151,042

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary 50p 2 2