Company registration number 08497652 (England and Wales)
BRIDGEVIEW INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
BRIDGEVIEW INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BRIDGEVIEW INVESTMENTS LIMITED
BALANCE SHEET
AS AT
29 APRIL 2024
29 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
1,180,000
1,155,000
Current assets
Debtors
5
4,412
4,412
Cash at bank and in hand
247
143
4,659
4,555
Creditors: amounts falling due within one year
6
(454,811)
(476,434)
Net current liabilities
(450,152)
(471,879)
Total assets less current liabilities
729,848
683,121
Creditors: amounts falling due after more than one year
7
(761,044)
(758,577)
Net liabilities
(31,196)
(75,456)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(31,296)
(75,556)
Total equity
(31,196)
(75,456)
For the financial year ended 29 April 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 27 January 2025 and are signed on its behalf by:
Mr S Grist
Director
Company registration number 08497652 (England and Wales)
BRIDGEVIEW INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024
- 2 -
1
Accounting policies
Company information
Bridgeview Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tanner's Grange, Tanyard Hill, Shorne, Gravesend, DA12 3EN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention modified to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received in respect of rental income arising in the normal course of business.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
BRIDGEVIEW INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
- 3 -
4
Investment property
2024
£
Fair value
At 30 April 2023
1,155,000
Revaluations
25,000
At 29 April 2024
1,180,000
Investment property comprises 6 properties held for rental purposes. The fair value of investment property has been arrived at on the basis of a valuation carried out at the year end by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
4,412
4,412
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
27,649
Other creditors
454,811
448,785
454,811
476,434
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
761,044
758,577
Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
761,044
758,577