Projad Bridge Limited 14471802 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is activities of other holding companies not elsewhere classified. Digita Accounts Production Advanced 6.30.9574.0 true 14471802 2023-07-01 2024-06-30 14471802 2024-06-30 14471802 core:RetainedEarningsAccumulatedLosses 2024-06-30 14471802 core:RevaluationReserve 2024-06-30 14471802 core:ShareCapital 2024-06-30 14471802 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14471802 bus:SmallEntities 2023-07-01 2024-06-30 14471802 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14471802 bus:FullAccounts 2023-07-01 2024-06-30 14471802 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14471802 bus:RegisteredOffice 2023-07-01 2024-06-30 14471802 bus:Director1 2023-07-01 2024-06-30 14471802 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14471802 core:RevaluationReserve 2023-07-01 2024-06-30 14471802 core:OfficeEquipment 2023-07-01 2024-06-30 14471802 countries:EnglandWales 2023-07-01 2024-06-30 14471802 2022-11-09 2023-06-30 14471802 2023-06-30 14471802 core:RetainedEarningsAccumulatedLosses 2023-06-30 14471802 core:RevaluationReserve 2023-06-30 14471802 core:ShareCapital 2023-06-30 14471802 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 14471802

Projad Bridge Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2024

 

Projad Bridge Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Projad Bridge Limited

(Registration number: 14471802)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

650

-

Other financial assets

5

169,211

-

 

169,861

-

Current assets

 

Debtors

50,000

100

Cash at bank and in hand

 

106,422

-

 

156,422

100

Creditors: Amounts falling due within one year

(5,193)

-

Net current assets

 

151,229

100

Total assets less current liabilities

 

321,090

100

Provisions for liabilities

(3,732)

-

Net assets

 

317,358

100

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

18,504

-

Profit and loss account

298,754

-

Total equity

 

317,358

100

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 25 November 2024 and signed on its behalf by:
 

Mr P D Hanlon

Director

 

Projad Bridge Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Walnut Tree Local Centre
Fyfield Barrow
Walnut Tree
Milton Keynes
Buckinghamshire
MK7 7AN

These financial statements were authorised for issue by the Board on 25 November 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Projad Bridge Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Total
£

Cost or valuation

Additions

664

At 30 June 2024

664

Depreciation

Charge for the year

14

At 30 June 2024

14

Carrying amount

At 30 June 2024

650

5

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

Fair value adjustments

14,803

Additions

155,034

Disposals

(626)

At 30 June 2024

169,211

Carrying amount

At 30 June 2024

169,211

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

18,504

18,504