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Company Registration No. 11054573 (England and Wales)
Bridge Advisors Ltd Unaudited accounts for the year ended 30 November 2023
Bridge Advisors Ltd Unaudited accounts Contents
Page
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Bridge Advisors Ltd Company Information for the year ended 30 November 2023
Director
Toby Burfitt Walker
Company Number
11054573 (England and Wales)
Registered Office
75 Cardross Street London W6 0DP United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Bridge Advisors Ltd Accountants' report
Accountants' report to the director of Bridge Advisors Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bridge Advisors Ltd for the year ended 30 November 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Bridge Advisors Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Bridge Advisors Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bridge Advisors Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bridge Advisors Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bridge Advisors Ltd. You consider that Bridge Advisors Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bridge Advisors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 30 November 2023
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Bridge Advisors Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,266 
17,341 
Current assets
Debtors
218,736 
203,149 
Cash at bank and in hand
43 
20 
218,779 
203,169 
Creditors: amounts falling due within one year
(28,352)
(15,181)
Net current assets
190,427 
187,988 
Total assets less current liabilities
202,693 
205,329 
Creditors: amounts falling due after more than one year
(229,547)
(214,422)
Net liabilities
(26,854)
(9,093)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(26,855)
(9,094)
Shareholders' funds
(26,854)
(9,093)
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
Toby Burfitt Walker Director Company Registration No. 11054573
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Bridge Advisors Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Bridge Advisors Ltd is a private company, limited by shares, registered in England and Wales, registration number 11054573. The registered office is 75 Cardross Street , London , W6 0DP, United Kingdom.
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:
Motor vehicles
20% straight line
Computer equipment
33.3% straight line
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Interest income
Interest income is recognised in profit or loss using the effective interest method.
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Bridge Advisors Ltd Notes to the Accounts for the year ended 30 November 2023
Finance cost
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Financial Instrument
The company only enters into transactions that result in the recognition of financial assets and financial liabilities such as trade and other accounts receivable and payable, loans from banks and other third parties, loans to or from related parties and investments in non-puttable ordinary shares.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
25,377 
899 
26,276 
At 30 November 2023
25,377 
899 
26,276 
Depreciation
At 1 December 2022
8,036 
899 
8,935 
Charge for the year
5,075 
- 
5,075 
At 30 November 2023
13,111 
899 
14,010 
Net book value
At 30 November 2023
12,266 
- 
12,266 
At 30 November 2022
17,341 
- 
17,341 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
3,000 
3,000 
Amounts falling due after more than one year
Other debtors
215,736 
200,149 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,433 
6,072 
Loans from directors
21,839 
9,109 
Accruals
1,080 
- 
28,352 
15,181 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,716 
7,688 
Other creditors
222,831 
206,734 
229,547 
214,422 
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Bridge Advisors Ltd Notes to the Accounts for the year ended 30 November 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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