1 January 2024 v2025.6.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP093313762024-01-012024-12-31093313762024-12-31093313762023-12-3109331376core:WithinOneYear2024-12-3109331376core:WithinOneYear2023-12-3109331376core:AfterOneYear2024-12-3109331376core:AfterOneYear2023-12-3109331376core:ShareCapital2024-12-3109331376core:ShareCapital2023-12-3109331376core:RetainedEarningsAccumulatedLosses2024-12-3109331376core:RetainedEarningsAccumulatedLosses2023-12-3109331376bus:Director12024-01-012024-12-3109331376bus:RegisteredOffice2024-01-012024-12-3109331376core:FurnitureFittingsToolsEquipment2024-01-012024-12-3109331376core:MotorVehicles2024-01-012024-12-3109331376core:FurnitureFittings2024-01-012024-12-31093313762023-01-012023-12-3109331376core:LandBuildings2024-01-0109331376core:PlantMachinery2024-01-01093313762024-01-0109331376core:PlantMachinery2024-01-012024-12-3109331376core:LandBuildings2024-12-3109331376core:PlantMachinery2024-12-3109331376core:LandBuildings2023-12-3109331376core:PlantMachinery2023-12-310933137612024-01-012024-12-3109331376countries:EnglandWales2024-01-012024-12-3109331376bus:AuditExemptWithAccountantsReport2024-01-012024-12-3109331376bus:PrivateLimitedCompanyLtd2024-01-012024-12-3109331376bus:SmallEntities2024-01-012024-12-3109331376bus:FullAccounts2024-01-012024-12-31
Company registration number:
09331376
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
Unaudited Filleted Financial Statements for the year ended
31 December 2024
The Sanderson Associates Limited
19 Fulneck Mews, Pudsey, LS28 8SA, United Kingdom
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
for the year ended
31 December 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
and state those matters that we have agreed to state to the Board of Directors of
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
. You consider that
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
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 financial statements of THE BRIDGE PROPERTIES & INVESTMENTS LIMITED. 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 financial statements.
The Sanderson Associates Limited
19 Fulneck Mews
Pudsey
LS28 8SA
United Kingdom
Date:
30 January 2025
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
8,768,304
 
8,785,620
 
Current assets    
Debtors 6
168,354
 
160,909
 
Cash at bank and in hand
142,622
 
207,319
 
310,976
 
368,228
 
Creditors: amounts falling due within one year 7
(1,093,473
)
(1,061,229
)
Net current liabilities
(782,497
)
(693,001
)
Total assets less current liabilities 7,985,807   8,092,619  
Creditors: amounts falling due after more than one year 8
(7,007,115
)
(7,144,610
)
Provisions for liabilities
(84,371
)
(88,700
)
Net assets
894,321
 
859,309
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
894,221
 
859,209
 
Shareholders funds
894,321
 
859,309
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
30 January 2025
, and are signed on behalf of the board by:
Mr Y Muhammad
Director
Company registration number:
09331376
THE BRIDGE PROPERTIES & INVESTMENTS LIMITED
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 1 Prospect Park Grangefield Road
,
Pudsey
,
Leeds
,
LS28 6LF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets and liabilities and investment properties measured at fair value through profit or loss..
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The accounts are prepared under the going concern basis, the validity of which is dependent upon the continued support of the director, Mr A Sheibani, and associated companies.

Turnover

Turnover is measured at fair value and represents the total value, excluding value added tax, of rents receivable during the period and derives from the provision of services falling within the company's ordinary activities

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
20% straight line
Motor vehicles
20% straight line
Fixtures and fittings
20% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions

Provisions Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2024
8,731,835
 
315,069
 
9,046,904
 
Additions -  
6,155
 
6,155
 
At
31 December 2024
8,731,835
 
321,224
 
9,053,059
 
Depreciation      
At
1 January 2024
-  
261,284
 
261,284
 
Charge -  
23,471
 
23,471
 
At
31 December 2024
-  
284,755
 
284,755
 
Carrying amount      
At
31 December 2024
8,731,835
 
36,469
 
8,768,304
 
At 31 December 2023
8,731,835
 
53,785
 
8,785,620
 

6 Debtors

20242023
££
Trade debtors
82,816
 
76,433
 
Other debtors
85,538
 
84,476
 
168,354
 
160,909
 
The debtors above include the following amounts falling due after more than one year:
20242023
££
Trade debtors
82,816
 
76,433
 
Other debtors
85,538
 
84,476
 
168,354
 
160,909
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
136,000
 
136,000
 
Trade creditors
7,143
 
77,844
 
Taxation and social security
16,320
 
22,155
 
Other creditors
934,010
 
825,230
 
1,093,473
 
1,061,229
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
3,644,626
 
3,782,121
 
Other creditors
3,362,489
 
3,362,489
 
7,007,115
 
7,144,610