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Company Registration No. 10626624 (England and Wales)
Bridges Property Limited Unaudited accounts for the year ended 29 February 2024
Bridges Property Limited Unaudited accounts Contents
Page
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Bridges Property Limited Company Information for the year ended 29 February 2024
Directors
Mr L Bridges Mr J Bridges
Company Number
10626624 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU
Accountants
Diamond Accountancy Services Ltd 22 Chestnut Lane Clifton Campville Tamworth Staffordshire B79 0BN
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Bridges Property Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
702,631 
602,828 
Current assets
Inventories
103,000 
- 
Debtors
46,598 
118,058 
Cash at bank and in hand
14,445 
11,504 
164,043 
129,562 
Creditors: amounts falling due within one year
(512,265)
(352,779)
Net current liabilities
(348,222)
(223,217)
Total assets less current liabilities
354,409 
379,611 
Creditors: amounts falling due after more than one year
(356,456)
(375,593)
Net (liabilities)/assets
(2,047)
4,018 
Capital and reserves
Profit and loss account
(2,047)
4,018 
Shareholders' funds
(2,047)
4,018 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Mr L Bridges Director Company Registration No. 10626624
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Bridges Property Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Bridges Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10626624. The registered office is 20-22 Wenlock Road, London, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Computer equipment
25% Straight Line Method
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 March 2023
540,000 
142,538 
15,018 
697,556 
Additions
- 
71,841 
2,443 
74,284 
Revaluations
60,000 
- 
- 
60,000 
At 29 February 2024
600,000 
214,379 
17,461 
831,840 
Depreciation
At 1 March 2023
- 
83,958 
10,770 
94,728 
Charge for the year
- 
32,562 
1,919 
34,481 
At 29 February 2024
- 
116,520 
12,689 
129,209 
Net book value
At 29 February 2024
600,000 
97,859 
4,772 
702,631 
At 28 February 2023
540,000 
58,580 
4,248 
602,828 
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Bridges Property Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,540 
- 
Trade debtors
(3,800)
(4,100)
Accrued income and prepayments
37,508 
121,808 
Other debtors
1,350 
350 
46,598 
118,058 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
Obligations under finance leases and hire purchase contracts
21,162 
21,162 
Trade creditors
4,786 
611 
Taxes and social security
- 
46,177 
Other creditors
475,351 
273,863 
Accruals
318 
318 
512,265 
352,779 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
344,844 
354,653 
Obligations under finance leases and hire purchase contracts
11,612 
20,940 
356,456 
375,593 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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