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REGISTERED NUMBER: 01645079 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

GIBBON BRIDGE LIMITED

GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIBBON BRIDGE LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Miss J Simpson
Mrs J L Bamber
Mr G L Buxton
Mrs G M Holland
Mr P F Holland
Mr R Lowe
Mrs P A Smith
Mr E G Walmsley


SECRETARY: Mr P F Holland


REGISTERED OFFICE: The Gibbon Bridge Hotel
Chipping
Forest of Bowland
Preston
Lancashire
PR3 2TQ


REGISTERED NUMBER: 01645079 (England and Wales)


BANKERS: The Royal Bank of Scotland
Drummond House
1 Redheughs Avenue
Edinburgh
EH12 9RH


SOLICITORS: Forbes Solicitors
Rutherford House
4 Wellington Street (St. Johns)
Blackburn
Lancashire
BB1 8DD

GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,105,459 2,141,211

CURRENT ASSETS
Stocks 13,950 16,022
Debtors 5 25,714 21,865
Cash at bank and in hand 69,892 341,466
109,556 379,353
CREDITORS
Amounts falling due within one year 6 620,038 692,664
NET CURRENT LIABILITIES (510,482 ) (313,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,594,977

1,827,900

CREDITORS
Amounts falling due after more than one
year

7

(195,181

)

(271,511

)

PROVISIONS FOR LIABILITIES - (9,130 )
NET ASSETS 1,399,796 1,547,259

CAPITAL AND RESERVES
Called up share capital 103 103
Share premium 61,015 61,015
Capital redemption reserve 4 4
Retained earnings 1,338,674 1,486,137
SHAREHOLDERS' FUNDS 1,399,796 1,547,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079)

BALANCE SHEET - continued
30 April 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:





Mr P F Holland - Director


GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Gibbon Bridge 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.
Caravans - 10 % to 15% on cost
Fixtures and fittings - 10-50% on cost
Tractors & Gardening Equipment - 25% on reducing balance

Depreciation is provided on freehold land and buildings at a rate designed to write off the cost of the asset over its expected useful life. The cost of freehold land and buildings to be written off, is the cost of the asset less the estimated residual value of the asset at the end of its useful economic life.The company carries out a policy of regular maintenance on the land and buildings and, in the opinion of the Director, the estimated residual value at the end of its useful life will not be less than cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property Caravans machinery
£    £    £   
COST
At 1 May 2023 2,049,150 30,538 57,734
Additions - - -
At 30 April 2024 2,049,150 30,538 57,734
DEPRECIATION
At 1 May 2023 - 18,761 51,656
Charge for year - 3,205 2,340
At 30 April 2024 - 21,966 53,996
NET BOOK VALUE
At 30 April 2024 2,049,150 8,572 3,738
At 30 April 2023 2,049,150 11,777 6,078

Fixtures Tractors
and & Gardening
fittings Equipment Totals
£    £    £   
COST
At 1 May 2023 2,342,825 27,970 4,508,217
Additions 5,654 574 6,228
At 30 April 2024 2,348,479 28,544 4,514,445
DEPRECIATION
At 1 May 2023 2,268,879 27,710 2,367,006
Charge for year 36,179 256 41,980
At 30 April 2024 2,305,058 27,966 2,408,986
NET BOOK VALUE
At 30 April 2024 43,421 578 2,105,459
At 30 April 2023 73,946 260 2,141,211

GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 873 2,342
Other debtors 24,841 19,523
25,714 21,865

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 110,227 109,975
Trade creditors 71,541 76,548
Taxation and social security 52,030 84,112
Other creditors 386,240 422,029
620,038 692,664

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 163,181 271,511
Other creditors 32,000 -
195,181 271,511

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 37,066 36,900
Between one and five years 32,195 62,844
69,261 99,744

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 273,408 381,486

The company's bankers hold a mortgage debenture over all the company's assets.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Miss J Simpson.

The company is under the control of the Director who owns in excess of 90% of the issued share capital.