Company Registration No. 07106417 (England and Wales)
London Bridge 19 Limited
Unaudited accounts
for the year ended 30 September 2023
London Bridge 19 Limited
Unaudited accounts
Contents
London Bridge 19 Limited
Company Information
for the year ended 30 September 2023
Directors
Mr A. Sharon
Mr S. Glynne
Company Number
07106417 (England and Wales)
Registered Office
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of London Bridge 19 Limited for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
London Bridge 19 Limited for the year ended
30 September 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of London Bridge 19 Limited, as a body, in accordance with the terms of our engagement letter dated 21 March 2017. Our work has been undertaken solely to prepare for your approval the accounts of London Bridge 19 Limited and state those matters that we have agreed to state to the Board of Directors of London Bridge 19 Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Bridge 19 Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that London Bridge 19 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of London Bridge 19 Limited. You consider that London Bridge 19 Limited 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 accounts of London Bridge 19 Limited. 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 accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
22 August 2024
London Bridge 19 Limited
Statement of financial position
as at 30 September 2023
Tangible assets
3,340,963
3,305,489
Debtors
3,512,302
2,823,770
Cash at bank and in hand
60,450
698,322
Creditors: amounts falling due within one year
(3,197,591)
(3,144,465)
Net current assets
375,161
377,627
Total assets less current liabilities
3,716,124
3,683,116
Creditors: amounts falling due after more than one year
(2,016,680)
(2,208,817)
Net assets
1,699,444
1,474,299
Called up share capital
300
300
Profit and loss account
1,699,144
1,473,999
Shareholders' funds
1,699,444
1,474,299
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by
Mr A. Sharon
Director
Company Registration No. 07106417
London Bridge 19 Limited
Notes to the Accounts
for the year ended 30 September 2023
London Bridge 19 Limited is a private company, limited by shares, registered in England and Wales, registration number 07106417. The registered office is Brindley Goldstein Ltd, 103 High Street, Waltham Cross, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
Motor vehicles
10% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
33 1/3% Straight Line
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
London Bridge 19 Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2022
3,226,830
27,813
203,555
6,218
3,464,416
Additions
21,977
-
26,746
1,083
49,806
At 30 September 2023
3,248,807
27,813
230,301
7,301
3,514,222
At 1 October 2022
-
1,043
152,948
4,936
158,927
Charge for the year
-
4,015
9,315
1,002
14,332
At 30 September 2023
-
5,058
162,263
5,938
173,259
At 30 September 2023
3,248,807
22,755
68,038
1,363
3,340,963
At 30 September 2022
3,226,830
26,770
50,607
1,282
3,305,489
Amounts falling due within one year
Accrued income and prepayments
18,814
21,280
Amounts falling due after more than one year
Other debtors
3,483,454
2,796,132
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,699,030
1,716,750
Obligations under finance leases and hire purchase contracts
4,629
4,629
Trade creditors
21,960
22,484
Taxes and social security
135,822
115,506
Other creditors
68,163
41,954
Loans from directors
1,160,274
1,176,333
Deferred income
33,291
21,334
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
902,319
1,064,827
Obligations under finance leases and hire purchase contracts
22,188
26,817
Other creditors
1,092,173
1,117,173
London Bridge 19 Limited
Notes to the Accounts
for the year ended 30 September 2023
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
9
Transactions with related parties
The company was under the control of Mr A. Sharon and Mr S. Glynne throughout the current year. Mr A. Sharon is personally interested in 10% of the company's share capital and Mr S. Glynne is personally interested in 14% of the company's share capital.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).