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
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
Bridges Property Limited
Statement of financial position
as at 29 February 2024
Tangible assets
702,631
602,828
Cash at bank and in hand
14,445
11,504
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
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
Bridges Property Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 29 February 2024
600,000
97,859
4,772
702,631
At 28 February 2023
540,000
58,580
4,248
602,828
Bridges Property Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
(3,800)
(4,100)
Accrued income and prepayments
37,508
121,808
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
Taxes and social security
-
46,177
Other creditors
475,351
273,863
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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
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Average number of employees
During the year the average number of employees was 0 (2023: 0).