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Company registration number: 14024429
Bridgwater Invesco Ltd
Trading as Bridgwater Invesco Ltd
Unaudited filleted financial statements
30 April 2024
Bridgwater Invesco Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Bridgwater Invesco Ltd
Directors and other information
Directors
Mrs Sarah Hammond
Company number 14024429
Registered office 90 Bramcote Drive West
Beeston
Nottingham
NG9 1DU
Business address 90 Bramcote Drive West
Beeston
Nottingham
NG9 1DU
Accountant Murray & Co
2 Gillison Close
Melling
Carnforth
Lancs
LA6 2RD
Bridgwater Invesco Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Bridgwater Invesco Ltd
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Bridgwater Invesco Ltd for the year ended 30 April 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Bridgwater Invesco Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Bridgwater Invesco Ltd and state those matters that we have agreed to state to the board of directors of Bridgwater Invesco Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Bridgwater Invesco Ltd and its board of directors as a body for my work or for this report.
It is your duty to ensure that Bridgwater Invesco Ltd 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 Bridgwater Invesco Ltd. You consider that Bridgwater Invesco Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Bridgwater Invesco Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Murray & Co
Chartered Certified Accountants
2 Gillison Close
Melling
Carnforth
Lancs
LA6 2RD
28 January 2025
Bridgwater Invesco Ltd
Statement of financial position
30 April 2024
30/04/24 30/04/23
Note £ £ £ £
Fixed assets
Investments 4 1,269,966 748,097
_______ _______
1,269,966 748,097
Current assets
Cash at bank and in hand 299,993 49,991
_______ _______
299,993 49,991
Creditors: amounts falling due
within one year 5 ( 994) -
_______ _______
Net current assets 298,999 49,991
_______ _______
Total assets less current liabilities 1,568,965 798,088
_______ _______
Net assets 1,568,965 798,088
_______ _______
Capital and reserves
Called up share capital 101 101
Profit and loss account 1,568,864 797,987
_______ _______
Shareholders funds 1,568,965 798,088
_______ _______
For the year ending 30 April 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Mrs Sarah Hammond
Director
Company registration number: 14024429
Bridgwater Invesco Ltd
Statement of changes in equity
Year ended 30 April 2024
Called up share capital Profit and loss account Total
£ £ £
At 4 April 2022 - - -
Profit for the year 797,987 797,987
_______ _______ _______
Total comprehensive income for the year - 797,987 797,987
Issue of shares 101 101
_______ _______ _______
Total investments by and distributions to owners 101 - 101
_______ _______ _______
At 30 April 2023 and 1 May 2023 101 797,987 798,088
Profit for the year 785,877 785,877
_______ _______ _______
Total comprehensive income for the year - 785,877 785,877
Dividends paid and payable ( 15,000) ( 15,000)
_______ _______ _______
Total investments by and distributions to owners - ( 15,000) ( 15,000)
_______ _______ _______
At 30 April 2024 101 1,568,864 1,568,965
_______ _______ _______
Bridgwater Invesco Ltd
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bridgwater Invesco Ltd, 90 Bramcote Drive West, Beeston, Nottingham, NG9 1DU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial 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 entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings and participating interests Other investments other than loans Total
£ £ £
Cost
At 1 May 2023 100 747,997 748,097
Additions - 463,440 463,440
Disposals - ( 15,000) ( 15,000)
Fair value adjustment - 73,429 73,429
_______ _______ _______
At 30 April 2024 100 1,269,866 1,269,966
_______ _______ _______
Impairment
At 1 May 2023 and 30 April 2024 - - -
_______ _______ _______
Carrying amount
At 30 April 2024 100 1,269,866 1,269,966
_______ _______ _______
At 30 April 2023 100 747,997 748,097
_______ _______ _______
5. Creditors: amounts falling due within one year
30/04/24 30/04/23
£ £
Corporation tax 366 -
Other creditors 628 -
_______ _______
994 -
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 30/04/24
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mrs Sarah Hammond - ( 1,476) 848 ( 628)
_______ _______ _______ _______
Period ended 30/04/23
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mrs Sarah Hammond - - - -
_______ _______ _______ _______
7. Controlling party
The company is under the ultimate control of Mrs S Hammond by virtue of her controlling shareholding in the company.