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REGISTERED NUMBER: 02722384 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Keswick Bridge Limited

Keswick Bridge Limited (Registered number: 02722384)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Keswick Bridge Limited (Registered number: 02722384)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,230,000 1,455,000

CURRENT ASSETS
Stock 145,166 154,717
Debtors 5 667 1,740
Cash at bank 79,002 62,744
224,835 219,201
CREDITORS
Amounts falling due within one year 6 (10,155 ) (14,833 )
NET CURRENT ASSETS 214,680 204,368
TOTAL ASSETS LESS CURRENT LIABILITIES 1,444,680 1,659,368

PROVISIONS FOR LIABILITIES (291,887 ) (265,064 )
NET ASSETS 1,152,793 1,394,304

CAPITAL AND RESERVES
Called up share capital 37,500 37,500
Share premium 500 500
Fair value reserve 7 875,661 1,122,684
Retained earnings 239,132 233,620
SHAREHOLDERS' FUNDS 1,152,793 1,394,304

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

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

Keswick Bridge Limited (Registered number: 02722384)

Balance Sheet - continued
31 December 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 13 July 2024 and were signed on its behalf by:




Mr S Bowman - Director Mr D C J Rowntree - Director




Mr S J Mitchenall - Director


Keswick Bridge Limited (Registered number: 02722384)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Keswick Bridge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02722384

Registered office: Brundholme Road
Keswick
Cumbria
CA12 4NL

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods and services are recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods and services.

Stocks
Stock of the remaining unsold weeks have been valued by the Directors at their selling price less a percentage for marketing expenses and sales commissions.
It also includes 97 lodge weeks that were originally acquired in 1993 which the Directors believe have no value

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 4 (2022 - 4 ) .

Keswick Bridge Limited (Registered number: 02722384)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Computer
land equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 1,455,000 4,174 1,459,174
Revaluations (225,000 ) - (225,000 )
At 31 December 2023 1,230,000 4,174 1,234,174
DEPRECIATION
At 1 January 2023
and 31 December 2023 - 4,174 4,174
NET BOOK VALUE
At 31 December 2023 1,230,000 - 1,230,000
At 31 December 2022 1,455,000 - 1,455,000

Cost or valuation at 31 December 2023 is represented by:

Freehold Computer
land equipment Totals
£    £    £   
Valuation in 2016 48,000 - 48,000
Valuation in 2017 1,344,548 - 1,344,548
Valuation in 2023 (225,000 ) - (225,000 )
Cost 62,452 4,174 66,626
1,230,000 4,174 1,234,174

Freehold Land was valued on an open market basis on 16 June 2023 by Edwin Thompson LLP, Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 1,579
Other debtors 667 161
667 1,740

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 83 180
Taxation and social security 6,718 8,281
Other creditors 3,354 6,372
10,155 14,833

Keswick Bridge Limited (Registered number: 02722384)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RESERVES
Fair
value
reserve
£   
At 1 January 2023 1,122,684
Freehold land revaluation (247,023 )

At 31 December 2023 875,661