Lifebridge Group Ltd 15045476 false 2023-08-02 2024-11-30 2024-11-30 The principal activity of the company is Accommodation for young people with additional needs Digita Accounts Production Advanced 6.30.9574.0 true false true 15045476 2023-08-02 2024-11-30 15045476 2024-11-30 15045476 bus:OrdinaryShareClass1 2024-11-30 15045476 core:RetainedEarningsAccumulatedLosses 2024-11-30 15045476 core:ShareCapital 2024-11-30 15045476 core:CurrentFinancialInstruments 2024-11-30 15045476 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 15045476 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-11-30 15045476 bus:SmallEntities 2023-08-02 2024-11-30 15045476 bus:AuditExemptWithAccountantsReport 2023-08-02 2024-11-30 15045476 bus:FilletedAccounts 2023-08-02 2024-11-30 15045476 bus:SmallCompaniesRegimeForAccounts 2023-08-02 2024-11-30 15045476 bus:RegisteredOffice 2023-08-02 2024-11-30 15045476 bus:Director1 2023-08-02 2024-11-30 15045476 bus:OrdinaryShareClass1 2023-08-02 2024-11-30 15045476 bus:PrivateLimitedCompanyLtd 2023-08-02 2024-11-30 15045476 1 2023-08-02 2024-11-30 15045476 countries:EnglandWales 2023-08-02 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15045476

Lifebridge Group Ltd

Unaudited Filleted Financial Statements

for the Period from 2 August 2023 to 30 November 2024

 

Lifebridge Group Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Lifebridge Group Ltd

(Registration number: 15045476)
Balance Sheet as at 30 November 2024

Note

2024
£

       

Current assets

   

Debtors

4

 

3,995

Cash at bank and in hand

   

5,470

   

9,465

Creditors: Amounts falling due within one year

5

 

(23,871)

Net liabilities

   

(14,406)

Capital and reserves

   

Called up share capital

7

5

 

Retained earnings

(14,411)

 

Shareholders' deficit

   

(14,406)

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 April 2025 and signed on its behalf by:
 

.........................................
K Ashfaq
Director

 

Lifebridge Group Ltd

Notes to the Unaudited Financial Statements for the Period from 2 August 2023 to 30 November 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:
c/o York House
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PE

The principal place of business is:
74-75 Shelton Street
Covent Garden
London
WC5H 9JQ

These financial statements were authorised for issue by the Board on 8 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These 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.

The company's functional and presentation currency is pound sterling.

Going concern

The company has the ongoing support of the directors who have confirmed they will not call for repayment of their loans on terms that would be prejudicial to the companies continuing activities. Having considered the validity of the going concern concept in relation to these accounts, the directors have concluded that the company will continue in operation for the forseeable future and have therefore prepared the financial statements on a going concern basis.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Lifebridge Group Ltd

Notes to the Unaudited Financial Statements for the Period from 2 August 2023 to 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.

4

Debtors

Current

2024
£

Other debtors

3,995

 

3,995

 

Lifebridge Group Ltd

Notes to the Unaudited Financial Statements for the Period from 2 August 2023 to 30 November 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

6

20,000

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

601

Accruals and deferred income

 

3,270

 

23,871

6

Loans and borrowings

Current loans and borrowings

2024
£

Other borrowings

20,000

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Shares of £1 each

5

5

   

8

Related party transactions

Expenditure with and payables to related parties

2024

Key management
£

Amounts payable to related party

20,000

9

Parent and ultimate parent undertaking

The company's immediate parent is Lifebridge Group Holdings Limited, incorporated in England and Wales.