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REGISTERED NUMBER: SC686820 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Bridges Properties Limited

Bridges Properties Limited (Registered number: SC686820)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bridges Properties Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: K A Bridges





REGISTERED OFFICE: 15 Shairps Business Park
Houston Road
Livingston
EH54 5FD





REGISTERED NUMBER: SC686820 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Bridges Properties Limited (Registered number: SC686820)

Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 26,235 5,422

CURRENT ASSETS
Debtors 5 35,893 14,844
Cash at bank 156,034 54,401
191,927 69,245
CREDITORS
Amounts falling due within one year 6 113,985 44,436
NET CURRENT ASSETS 77,942 24,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,177

30,231

CREDITORS
Amounts falling due after more than one year 7 (8,050 ) (9,850 )

PROVISIONS FOR LIABILITIES (5,668 ) -
NET ASSETS 90,459 20,381

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 90,458 20,380
90,459 20,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 April 2025 and were signed by:




K A Bridges - Director


Bridges Properties Limited (Registered number: SC686820)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Bridges Properties Limited is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipments - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 3 ) .

Bridges Properties Limited (Registered number: SC686820)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipments Totals
£    £    £   
COST
At 1 February 2024 3,797 2,804 6,601
Additions 15,263 8,103 23,366
At 31 January 2025 19,060 10,907 29,967
DEPRECIATION
At 1 February 2024 551 628 1,179
Charge for year 1,004 1,549 2,553
At 31 January 2025 1,555 2,177 3,732
NET BOOK VALUE
At 31 January 2025 17,505 8,730 26,235
At 31 January 2024 3,246 2,176 5,422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 33,802 12,878
Prepayments 2,091 1,966
35,893 14,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other loans 1,800 1,800
Trade creditors 36,894 14,343
Corporation tax 26,694 -
Social security and other taxes 10,575 4,090
VAT 35,533 20,525
Other creditors 1,583 2,046
Accrued expenses 906 1,632
113,985 44,436

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Other loans - 2-5 years 8,050 9,850

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,315 (2024 - £7,051) were paid to the director .