Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-02-03The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse00truetrue 14638487 2023-02-02 14638487 2023-02-03 2023-12-31 14638487 2022-02-03 2023-02-02 14638487 2023-12-31 14638487 c:Director1 2023-02-03 2023-12-31 14638487 d:CurrentFinancialInstruments 2023-12-31 14638487 d:Non-currentFinancialInstruments 2023-12-31 14638487 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14638487 d:ShareCapital 2023-12-31 14638487 d:RetainedEarningsAccumulatedLosses 2023-12-31 14638487 c:FRS102 2023-02-03 2023-12-31 14638487 c:AuditExempt-NoAccountantsReport 2023-02-03 2023-12-31 14638487 c:FullAccounts 2023-02-03 2023-12-31 14638487 c:PrivateLimitedCompanyLtd 2023-02-03 2023-12-31 14638487 e:PoundSterling 2023-02-03 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14638487










TYNE BRIDGING FINANCE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
TYNE BRIDGING FINANCE LIMITED
REGISTERED NUMBER: 14638487

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
1,471,318

Debtors: amounts falling due within one year
 4 
4,996,614

Cash at bank and in hand
 5 
153,342

  
6,621,274

Creditors: amounts falling due within one year
 6 
(6,300,463)

Net current assets
  
 
 
320,811

Total assets less current liabilities
  
320,811

  

Net assets
  
320,811


Capital and reserves
  

Called up share capital 
  
5

Profit and loss account
  
320,806

  
320,811


Page 1

 
TYNE BRIDGING FINANCE LIMITED
REGISTERED NUMBER: 14638487
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2024.




................................................
J G J Beckwith
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TYNE BRIDGING FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Tyne Bridging Finance Limited is a private company (14638487) limited by shares incorporated in England and Wales. The registered office is Mercantile House, Silverlink, Wallsend, United Kingdom, NE28 9ND.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
TYNE BRIDGING FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 0.

Page 4

 
TYNE BRIDGING FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Debtors

2023
£

Due after more than one year

Trade debtors
1,471,318

1,471,318


2023
£

Due within one year

Trade debtors
4,996,614

4,996,614



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
153,342

153,342



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
60,888

Corporation tax
101,140

Other creditors
6,133,995

Accruals and deferred income
4,440

6,300,463


Page 5

 
TYNE BRIDGING FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Related party transactions

At the period end £5,084,000 was owed to Keith Pattinson Limited, a company which is ultimately controlled by K A Pattinson, the majority shareholder of the Company. During the year interest of £60,888 was charged by Keith Pattinson Limited. This loan is unsecured, attracts interest of 3% per annum and is repayable on demand.  
                                                                                                                                                                                                 At the period end £999,996 was owed to K A Pattinson, the majority shareholder of the Company. This loan is unsecured, attracts interest of 3% per annum and is repayble on demand. 
At the period end £49,999 was owed to J Beckwith, a Director and shareholder of the Company. This amount is unsecured, interest free and repayable on demand. 

 
Page 6