Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activityfalse1falsetrue22023-04-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11895719 2023-04-01 2024-03-31 11895719 2022-04-01 2023-03-31 11895719 2024-03-31 11895719 2023-03-31 11895719 c:Director1 2023-04-01 2024-03-31 11895719 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 11895719 d:FreeholdInvestmentProperty 2024-03-31 11895719 d:FreeholdInvestmentProperty 2023-03-31 11895719 d:CurrentFinancialInstruments 2024-03-31 11895719 d:CurrentFinancialInstruments 2023-03-31 11895719 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11895719 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11895719 d:ShareCapital 2024-03-31 11895719 d:ShareCapital 2023-03-31 11895719 d:RetainedEarningsAccumulatedLosses 2024-03-31 11895719 d:RetainedEarningsAccumulatedLosses 2023-03-31 11895719 c:FRS102 2023-04-01 2024-03-31 11895719 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11895719 c:FullAccounts 2023-04-01 2024-03-31 11895719 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11895719 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11895719









BRIDGE APPROACH INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BRIDGE APPROACH INVESTMENTS LTD
REGISTERED NUMBER: 11895719

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
1,770,601
1,393,128

  
1,770,601
1,393,128

Current assets
  

Debtors: amounts falling due within one year
 5 
-
5,694

Cash at bank and in hand
 6 
162
2,875

  
162
8,569

Creditors: amounts falling due within one year
 7 
(1,851,161)
(1,443,117)

Net current liabilities
  
 
 
(1,850,999)
 
 
(1,434,548)

Total assets less current liabilities
  
(80,398)
(41,420)

  

Net liabilities
  
(80,398)
(41,420)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(80,498)
(41,520)

Total equity
  
(80,398)
(41,420)


Page 1

 
BRIDGE APPROACH INVESTMENTS LTD
REGISTERED NUMBER: 11895719
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Andrews
Director

Date: 27 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BRIDGE APPROACH INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Bridge Approach Investments Limited is a private company limited by shares. The company is incorporated in England and the its registered office address is Aston House, Cornwall Avenue, London N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BRIDGE APPROACH INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and
Page 4

 
BRIDGE APPROACH INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,393,128


Additions at cost
377,473



At 31 March 2024
1,770,601

The 2024 valuations were made by the directors, on an open market value for existing use basis.




5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
5,694


Page 5

 
BRIDGE APPROACH INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
162
2,875



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,272,843
983,666

Amounts owed to group undertakings
35,584
-

Other creditors
481,411
458,731

Accruals and deferred income
61,323
720

1,851,161
1,443,117


 
Page 6