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Registered number: 04664515
Bridgman Investments Partnership Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 04664515
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 889,175 812,239
889,175 812,239
CURRENT ASSETS
Stocks 5 1,525,545 1,525,545
Debtors 6 800 800
Cash at bank and in hand 1,739 555
1,528,084 1,526,900
Creditors: Amounts Falling Due Within One Year 7 (1,103,549 ) (1,026,963 )
NET CURRENT ASSETS (LIABILITIES) 424,535 499,937
TOTAL ASSETS LESS CURRENT LIABILITIES 1,313,710 1,312,176
Creditors: Amounts Falling Due After More Than One Year 8 (954,451 ) (954,451 )
NET ASSETS 359,259 357,725
CAPITAL AND RESERVES
Called up share capital 9 80 80
Revaluation reserve 10 144,087 144,087
Capital redemption reserve 20 20
Income Statement 215,072 213,538
SHAREHOLDERS' FUNDS 359,259 357,725
Page 1
Page 2
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Daren Simcox
Director
19/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bridgman Investments Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04664515 . The registered office is 18 Tiverton Road, Ruislip, Middlesex, HA4 0BW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost
As at 1 March 2023 812,239
Additions 76,936
As at 28 February 2024 889,175
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 889,175
As at 1 March 2023 812,239
5. Stocks
2024 2023
£ £
Work in progress 1,525,545 1,525,545
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 800 800
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors 296,120 296,120
Accruals and deferred income 1,500 1,500
Directors' loan accounts 651,410 574,823
Amounts owed to associates 154,520 154,520
1,103,549 1,026,963
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 954,451 954,451
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 80 80
10. Reserves
Revaluation Reserve
£
As at 1 March 2023 144,087
As at 28 February 2024 144,087
Page 4