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Registration number: 09845760

Guardbridge Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Guardbridge Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Guardbridge Limited

Company Information

Director

Mr Clive Pelbrough-Power

Registered office

167-169 Great Portland Street
5th Floor
London
W1W 5PF

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Guardbridge Limited

(Registration number: 09845760)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,693

6,523

Investment property

6

3,200,000

3,000,000

 

3,201,693

3,006,523

Current assets

 

Debtors

7

8,748

6,973

Cash at bank and in hand

 

61,273

31,767

 

70,021

38,740

Creditors: Amounts falling due within one year

8

(8,422)

(7,524)

Net current assets

 

61,599

31,216

Total assets less current liabilities

 

3,263,292

3,037,739

Creditors: Amounts falling due after more than one year

8

(2,663,056)

(2,651,243)

Provisions for liabilities

(161,674)

(123,674)

Net assets

 

438,562

262,822

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

689,243

527,243

Retained earnings

(250,781)

(264,521)

Shareholders' funds

 

438,562

262,822

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 27 May 2025
 

 

Guardbridge Limited

(Registration number: 09845760)
Balance Sheet as at 31 October 2024 (continued)

.........................................
Mr Clive Pelbrough-Power
Director

 

Guardbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
167-169 Great Portland Street
5th Floor
London
W1W 5PF

These financial statements were authorised for issue by the director on 27 May 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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, Fittings & Equipment

25% Straight Line

Computer Equipment

25% Straight Line

 

Guardbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents and Licences

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Guardbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

5,984

5,696

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

107,842

107,842

Additions

1,154

1,154

At 31 October 2024

108,996

108,996

Depreciation

At 1 November 2023

101,319

101,319

Charge for the year

5,984

5,984

At 31 October 2024

107,303

107,303

Carrying amount

At 31 October 2024

1,693

1,693

At 31 October 2023

6,523

6,523

6

Investment properties

2024
£

At 1 November

3,000,000

Fair value adjustments

200,000

At 31 October

3,200,000

The fair value of the properties at the year end has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in the location the properties are situated.

There has been no valuation of investment property by an independent valuer.

 

Guardbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

164

-

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

1,122

1,062

Prepayments

 

7,462

5,911

 

8,748

6,973

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,306

3,862

Accruals and deferred income

3,020

2,596

Other creditors

96

1,066

8,422

7,524

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

2,663,056

2,651,243

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

162,000

162,000

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

230,416

230,416

 

Guardbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,001,366

2,001,308

Other borrowings

661,690

649,935

2,663,056

2,651,243