IRIS Accounts Production v24.3.0.553 07632565 Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076325652023-05-31076325652024-05-31076325652023-06-012024-05-31076325652022-05-31076325652022-06-012023-05-31076325652023-05-3107632565ns15:EnglandWales2023-06-012024-05-3107632565ns14:PoundSterling2023-06-012024-05-3107632565ns10:Director12023-06-012024-05-3107632565ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107632565ns10:SmallEntities2023-06-012024-05-3107632565ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107632565ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107632565ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107632565ns10:FullAccounts2023-06-012024-05-3107632565ns10:Director22023-06-012024-05-3107632565ns10:RegisteredOffice2023-06-012024-05-3107632565ns5:CurrentFinancialInstruments2024-05-3107632565ns5:CurrentFinancialInstruments2023-05-3107632565ns5:Non-currentFinancialInstruments2024-05-3107632565ns5:Non-currentFinancialInstruments2023-05-3107632565ns5:ShareCapital2024-05-3107632565ns5:ShareCapital2023-05-3107632565ns5:RevaluationReserve2024-05-3107632565ns5:RevaluationReserve2023-05-3107632565ns5:RetainedEarningsAccumulatedLosses2024-05-3107632565ns5:RetainedEarningsAccumulatedLosses2023-05-3107632565ns5:LandBuildings2023-05-3107632565ns5:PlantMachinery2023-05-3107632565ns5:LandBuildings2023-06-012024-05-3107632565ns5:PlantMachinery2023-06-012024-05-3107632565ns5:LandBuildings2024-05-3107632565ns5:PlantMachinery2024-05-3107632565ns5:LandBuildings2023-05-3107632565ns5:PlantMachinery2023-05-3107632565ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3107632565ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3107632565ns5:CurrentFinancialInstruments2023-06-012024-05-3107632565ns5:Non-currentFinancialInstruments2023-06-012024-05-3107632565ns5:RevaluationReserve2023-05-31
REGISTERED NUMBER: 07632565 (England and Wales)













35 BRIDGE STREET LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


35 BRIDGE STREET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A Saunders
C M Thomas





REGISTERED OFFICE: Sunnydale Scurlage, Reynoldston
Gower
Swansea
SA3 1BA





REGISTERED NUMBER: 07632565 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310,313 318,861

CURRENT ASSETS
Debtors 5 983 895
Cash at bank 3,271 684
4,254 1,579
CREDITORS
Amounts falling due within one year 6 13,798 15,404
NET CURRENT LIABILITIES (9,544 ) (13,825 )
TOTAL ASSETS LESS CURRENT LIABILITIES 300,769 305,036

CREDITORS
Amounts falling due after more than one
year

7

(218,471

)

(207,849

)

PROVISIONS FOR LIABILITIES (22,300 ) (22,300 )
NET ASSETS 59,998 74,887

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 90,548 90,548
Retained earnings (30,650 ) (15,761 )
59,998 74,887

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

BALANCE SHEET - continued
31 MAY 2024


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 17 October 2024 and were signed on its behalf by:





C M Thomas - Director


35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

35 Bridge Street 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 recognised at the fair value of the consideration received or receivable for rent, goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold - 2% straight line
Fixtures, fittings & equipment - 25% reducing balance
Computer equipment - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

3. EMPLOYEES AND DIRECTORS

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

35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 365,000 34,964 399,964
DEPRECIATION
At 1 June 2023 51,100 30,003 81,103
Charge for year 7,300 1,248 8,548
At 31 May 2024 58,400 31,251 89,651
NET BOOK VALUE
At 31 May 2024 306,600 3,713 310,313
At 31 May 2023 313,900 4,961 318,861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 983 895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,144 12,144
Taxation and social security 604 2,260
Other creditors 1,050 1,000
13,798 15,404

Bank loans are secured by a fixed and floating charge over the assets of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 85,624 97,003
Other creditors 132,847 110,846
218,471 207,849

Bank loans are secured by a fixed and floating charge over the assets of the company.

Included in Other creditors are amounts due to directors of £132,847 (2023: £110,846). Interest is not charged to the company in respect of this balance and there are no set repayment terms.

35 BRIDGE STREET LTD (REGISTERED NUMBER: 07632565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 90,548