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REGISTERED NUMBER: 09867848 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bridge Invest Ltd

Bridge Invest Ltd (Registered number: 09867848)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bridge Invest Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Ronak Ruparell





REGISTERED OFFICE: Level 1
Devonshire House
1 Mayfair Place
Mayfair
London
W1J 8AJ





REGISTERED NUMBER: 09867848 (England and Wales)





ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ

Bridge Invest Ltd (Registered number: 09867848)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,192 6,627

CURRENT ASSETS
Debtors 5 52,021,019 62,055,409
Cash at bank 1,990,752 1,255,663
54,011,771 63,311,072
CREDITORS
Amounts falling due within one year 6 51,762,797 62,469,706
NET CURRENT ASSETS 2,248,974 841,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,255,166

847,993

PROVISIONS FOR LIABILITIES 1,547 1,260
NET ASSETS 2,253,619 846,733

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,253,519 846,633
2,253,619 846,733

Bridge Invest Ltd (Registered number: 09867848)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 3 September 2024 and were signed by:





Mr Ronak Ruparell - Director


Bridge Invest Ltd (Registered number: 09867848)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Bridge Invest 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Bridge Invest Ltd (Registered number: 09867848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 6,120 28,832 34,952
Additions - 2,305 2,305
At 31 March 2024 6,120 31,137 37,257
DEPRECIATION
At 1 April 2023 4,516 23,809 28,325
Charge for year 321 2,419 2,740
At 31 March 2024 4,837 26,228 31,065
NET BOOK VALUE
At 31 March 2024 1,283 4,909 6,192
At 31 March 2023 1,604 5,023 6,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loans receivable 613,120 17,801
Amount owed by related company - 4,812
Loan owed from borrowers 49,711,169 58,727,932
Other debtors 108,975 84,600
Accruals 283,893 402,847
Prepayments 1,303,862 2,817,417
52,021,019 62,055,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accounts payable 26,214 13,552
Client payable account 3,781 124,522
Money received in advance 1,526,376 3,209,901
Loan owed to investors 49,711,169 58,727,932
Tax 476,128 344,953
Pension control account 10,818 -
Other creditors 8,311 48,846
51,762,797 62,469,706

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr Ronak Ruparell
Balance outstanding at start of year - 33,332
Amounts advanced - 100,000
Amounts repaid - (133,332 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Bridge Invest Ltd (Registered number: 09867848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

As of the balance sheet date, there were no outstanding loan between directors and the company.

ULTIMATE CONTROLLING PARTY

As on the balance sheet date, the ultimate controlling persons are Mr Vivek Jeswani and Mr Ronak Ruparell.