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REGISTERED NUMBER: 14419722 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Bridgeford Holdings Limited

Bridgeford Holdings Limited (Registered number: 14419722)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bridgeford Holdings Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S Mundy
J Slattery





REGISTERED OFFICE: Larne House
Sevenhampton
Wiltshire
SN6 7QA





REGISTERED NUMBER: 14419722 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Bridgeford Holdings Limited (Registered number: 14419722)

Balance Sheet
31 October 2024

Notes £    £   
FIXED ASSETS
Investments 4 101
Investment property 5 1,470,326
1,470,427

CURRENT ASSETS
Debtors 6 162,238
Cash at bank 13,235
175,473
CREDITORS
Amounts falling due within one year 7 469,009
NET CURRENT LIABILITIES (293,536 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,176,891

CREDITORS
Amounts falling due after more than one year 8 1,171,650
NET ASSETS 5,241

Bridgeford Holdings Limited (Registered number: 14419722)

Balance Sheet - continued
31 October 2024

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 5,141
5,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




J Slattery - Director



S Mundy - Director


Bridgeford Holdings Limited (Registered number: 14419722)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Bridgeford Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Bridgeford Holdings Limited (Registered number: 14419722)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 101
At 31 October 2024 101
NET BOOK VALUE
At 31 October 2024 101

Bridgeford Holdings Limited (Registered number: 14419722)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,470,326
At 31 October 2024 1,470,326
NET BOOK VALUE
At 31 October 2024 1,470,326

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 89,923
Rent deposits 3,231
Directors' current accounts 99
Prepayments and accrued income 68,985
162,238

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 465,739
Accrued expenses 3,270
469,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans more 5 yrs non-inst 1,171,650

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,171,650

Bridgeford Holdings Limited (Registered number: 14419722)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 1,171,650

LendInvest BTL Ltd hold a fixed charge over the investment properties.