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REGISTERED NUMBER: 10031483 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Bridgestock Developments Limited

Bridgestock Developments Limited (Registered number: 10031483)

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


Bridgestock Developments Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: Mrs S Newton
P Newton





REGISTERED OFFICE: Faraday House Wolfreton Drive
Anlaby
Hull
United Kingdom
HU10 7BY





REGISTERED NUMBER: 10031483 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Bridgestock Developments Limited (Registered number: 10031483)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,160 2,200
Investment property 5 100,477 848,727
130,637 850,927

CURRENT ASSETS
Stocks 1,552,962 578,888
Debtors 6 63,071 63,139
Cash at bank 6,230 365,571
1,622,263 1,007,598
CREDITORS
Amounts falling due within one year 7 767,033 1,283,336
NET CURRENT ASSETS/(LIABILITIES) 855,230 (275,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

985,867

575,189

CREDITORS
Amounts falling due after more than one year 8 428,099 -
NET ASSETS 557,768 575,189

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 557,668 575,089
557,768 575,189

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 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.

Bridgestock Developments Limited (Registered number: 10031483)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





P Newton - Director


Bridgestock Developments Limited (Registered number: 10031483)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Bridgestock Developments Limited 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

Bridgestock Developments Limited (Registered number: 10031483)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 4,061
Additions 35,500
At 29 February 2024 39,561
DEPRECIATION
At 1 March 2023 1,861
Charge for year 7,540
At 29 February 2024 9,401
NET BOOK VALUE
At 29 February 2024 30,160
At 28 February 2023 2,200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 848,727
Reclassification/transfer (748,250 )
At 29 February 2024 100,477
NET BOOK VALUE
At 29 February 2024 100,477
At 28 February 2023 848,727

Investment property was valued at fair value basis during the year by the Directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 63,071 63,139

Bridgestock Developments Limited (Registered number: 10031483)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,514 -
Trade creditors 2,765 150,679
Taxation and social security 254 36,290
Other creditors 752,500 1,096,367
767,033 1,283,336

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 21,108 -
Other creditors 406,991 -
428,099 -

9. RELATED PARTY DISCLOSURES

At the year end the company owed £720,250 (2023 - £603,173) to a company which is under common control. This is a non interest bearing loan with no formal terms of repayment.

At the year end the company owed the directors £406,991 (2023 - £389,054), this is a non interest bearing loan with no formal terms of repayment.