CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Company Registration Number:
11719945 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Chelsea Bridge Construction Company Limited is dedicated to the construction, acquisition, and restoration of executive and ambassadorial residences, alongside subterranean developments, which range from single-story swimming pool basements to three-floor underground structures. Our core mission involves reinvesting all profits into social and affordable housing initiatives. Recently, we have expanded our footprint with significant contracts in the Middle East and Africa, reaffirming our commitment to delivering high-quality infrastructure while prioritising community sustainability.

Political and charitable donations

Chelsea Bridge Construction Company Limited does not make donations to political parties or charities. Instead, we are committed to reinvesting our profits into building affordable and social housing. Our apolitical stance aligns with our mission to support community development through sustainable construction practices.

Company policy on disabled employees

Chelsea Bridge Construction Company Limited is committed to fostering an inclusive workplace for all employees, including those with disabilities. We ensure equal opportunities in recruitment, training, and career development. Reasonable adjustments are made to accommodate the needs of disabled employees, promoting their full participation and contributions to the company. Our aim is to create a supportive environment where all employees can thrive, regardless of their abilities, in alignment with our commitment to diversity and equality in the workplace.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

John Palmer


Secretary John Palmer

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 June 2024

And signed on behalf of the board by:
Name: John Palmer
Status: Secretary

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 15,000,000 7,000,000
Tangible assets: 4 23,500,585 9,500,000
Investments: 5 5,500,000 27,590,000
Total fixed assets: 44,000,585 44,090,000
Current assets
Stocks: 6 10,570,000 8,100,072
Debtors: 7 3,785,000 35,700
Investments: 8 9,812,499 2,308,198
Total current assets: 24,167,499 10,443,970
Net current assets (liabilities): 24,167,499 10,443,970
Total assets less current liabilities: 68,168,084 54,533,970
Provision for liabilities: ( 20,000,000 ) ( 1,950,000 )
Total net assets (liabilities): 48,168,084 52,583,970
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 48,168,083 52,583,969
Total Shareholders' funds: 48,168,084 52,583,970

The notes form part of these financial statements

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 7 June 2024
and signed on behalf of the board by:

Name: John Palmer
Status: Director

The notes form part of these financial statements

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 43 47

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 7,000,000 0 7,000,000
Additions 15,000,000 15,000,000
Disposals ( 7,000,000 ) ( 7,000,000 )
Revaluations
Transfers 0 0
At 31 December 2023 15,000,000 0 15,000,000
Amortisation
At 1 January 2023 0 0 0
Charge for year
On disposals
Other adjustments
At 31 December 2023 0 0 0
Net book value
At 31 December 2023 15,000,000 0 15,000,000
At 31 December 2022 7,000,000 0 7,000,000

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 7,266,810 1,250,330 656,000 23,215 303,645 9,500,000
Additions 20,002,551 2,015,449 1,007,580 50,005 425,000 23,500,585
Disposals ( 9,500,000 ) ( 9,500,000 )
Revaluations
Transfers
At 31 December 2023 17,769,361 3,265,779 1,663,580 73,220 728,645 23,500,585
Depreciation
At 1 January 2023
Charge for year
On disposals
Other adjustments
At 31 December 2023
Net book value
At 31 December 2023 17,769,361 3,265,779 1,663,580 73,220 728,645 23,500,585
At 31 December 2022 7,266,810 1,250,330 656,000 23,215 303,645 9,500,000

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed assets investments note

Chelsea Bridge Construction Company Limited’s fixed asset investments include properties and equipment essential for our construction activities. These assets are recorded at cost less accumulated depreciation and are regularly assessed for impairment. We prioritise maintaining and enhancing our fixed assets to support ongoing and future residential and commercial civil engineering projects.

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Stocks

2023 2022
£ £
Stocks 10,500,000 8,000,000
Payments on account 70,000 100,072
Total 10,570,000 8,100,072

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Debtors

2023 2022
£ £
Trade debtors 3,785,000 35,700
Total 3,785,000 35,700

CHELSEA BRIDGE CONSTRUCTION COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Current assets investments note

Chelsea Bridge Construction Company Limited invests in land for the development of affordable housing and acquires older properties for renovation and resale. These investments are integral to our mission of providing sustainable living solutions while generating returns through property enhancements. Regular assessments ensure alignment with our strategic objectives and contribute to our financial health.