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REGISTERED NUMBER: SC245645 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Blackbridge Limited

Blackbridge Limited (Registered number: SC245645)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blackbridge Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr Malcolm Laurence Foster





SECRETARY: Mrs Sarah Foster





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC245645 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Blackbridge Limited (Registered number: SC245645)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 902 1,206
Investment property 5 516,019 472,891
516,921 474,097

CURRENT ASSETS
Prepayments and accrued income - 510
Cash at bank 18,852 44,692
18,852 45,202
CREDITORS
Amounts falling due within one year 6 124,008 127,801
NET CURRENT LIABILITIES (105,156 ) (82,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,765

391,498

CREDITORS
Amounts falling due after more than one
year

7

232,995

232,995
NET ASSETS 178,770 158,503

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 178,769 158,502
SHAREHOLDERS' FUNDS 178,770 158,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Blackbridge Limited (Registered number: SC245645)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2024 and were signed by:





Mr Malcolm Laurence Foster - Director


Blackbridge Limited (Registered number: SC245645)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Blackbridge Limited is a private company, limited by shares , registered in Scotland. 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.
Fittings and equipment - 15% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Blackbridge Limited (Registered number: SC245645)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fittings
Integral and Computer
Features equipment equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 3,427 260 3,704 7,391
DEPRECIATION
At 1 March 2023 2,633 200 3,352 6,185
Charge for year 119 9 176 304
At 29 February 2024 2,752 209 3,528 6,489
NET BOOK VALUE
At 29 February 2024 675 51 176 902
At 28 February 2023 794 60 352 1,206

Blackbridge Limited (Registered number: SC245645)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 March 2023 472,891
Additions 43,128
At 29 February 2024 516,019
NET BOOK VALUE
At 29 February 2024 516,019
At 28 February 2023 472,891

The directors are of the opinion that the value of the company's investment properties is fairly stated at the original acquisition cost of the properties.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,060 2,499
Other creditors 118,948 125,302
124,008 127,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 232,995 232,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage more than five years 232,995 232,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

Blackbridge Limited (Registered number: SC245645)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. RESERVES
Retained
earnings
£   

At 1 March 2023 158,502
Profit for the year 21,267
Dividends (1,000 )
At 29 February 2024 178,769

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Malcolm Laurence Foster.