Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-0168100 - Buying and selling of own real estate22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02838125 2023-10-01 2024-09-30 02838125 2022-10-01 2023-09-30 02838125 2024-09-30 02838125 2023-09-30 02838125 1 2023-10-01 2024-09-30 02838125 d:Director4 2023-10-01 2024-09-30 02838125 c:CurrentFinancialInstruments 2024-09-30 02838125 c:CurrentFinancialInstruments 2023-09-30 02838125 c:Non-currentFinancialInstruments 2024-09-30 02838125 c:Non-currentFinancialInstruments 2023-09-30 02838125 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 02838125 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 02838125 c:Non-currentFinancialInstruments c:AfterOneYear 2024-09-30 02838125 c:Non-currentFinancialInstruments c:AfterOneYear 2023-09-30 02838125 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-09-30 02838125 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-09-30 02838125 c:ShareCapital 2024-09-30 02838125 c:ShareCapital 2023-09-30 02838125 c:RetainedEarningsAccumulatedLosses 2024-09-30 02838125 c:RetainedEarningsAccumulatedLosses 2023-09-30 02838125 d:OrdinaryShareClass1 2023-10-01 2024-09-30 02838125 d:OrdinaryShareClass1 2024-09-30 02838125 d:OrdinaryShareClass1 2023-09-30 02838125 d:FRS102 2023-10-01 2024-09-30 02838125 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02838125 d:AbridgedAccounts 2023-10-01 2024-09-30 02838125 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02838125 2 2023-10-01 2024-09-30 02838125 6 2023-10-01 2024-09-30 02838125 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02838125









BRIDE HALL SECURITIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BRIDE HALL SECURITIES LIMITED
REGISTERED NUMBER: 02838125

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
10
10

  
10
10

Current assets
  

Stocks
 5 
-
52,971

Debtors: amounts falling due within one year
 6 
755,749
1,877,614

Cash at bank and in hand
 7 
17,849
1,672

  
773,598
1,932,257

Creditors: amounts falling due within one year
 8 
(439,723)
(500,000)

Net current assets
 9 
 
 
333,875
 
 
1,432,257

Total assets less current liabilities
  
333,885
1,432,267

Creditors: amounts falling due after more than one year
  
(10)
(1,544,825)

Net assets/(liabilities)
  
333,875
(112,558)


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
333,873
(112,560)

  
333,875
(112,558)


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 on 17 June 2025.



 
BRIDE HALL SECURITIES LIMITED
REGISTERED NUMBER: 02838125
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024



VP Phillips
Director

The notes on pages 1 to 6 form part of these financial statements.


 
BRIDE HALL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Bride Hall Securities Limited ("the Company) is a limited Company domiciled and incorporated in England and Wales. The company's registered office address is provided in the company information page.  
The company's principal activity is property development.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis which is dependent on the continued support of the ultimate parent company, Bride Hall Group Limited.  The directors of Bride Hall Group Limited have confirmed that the company will continue to provide such support for 12 months from the date the financial statements are signed.

Page 1

 
BRIDE HALL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

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

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
BRIDE HALL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Inventories

Inventories are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Administration
2
2

Page 3

 
BRIDE HALL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
10



At 30 September 2024
10





5.


Stocks

2024
2023
£
£

Work in progress (goods to be sold)
-
52,971

-
52,971



6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
155,749
-

Amounts owed by joint ventures and associated undertakings
600,000
1,000,000

Other debtors
-
22,520

Prepayments and accrued income
-
855,094

755,749
1,877,614



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,849
1,672

17,849
1,672


Page 4

 
BRIDE HALL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
165,000
285,000

Corporation tax
93,865
-

Accruals and deferred income
180,858
215,000

439,723
500,000



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
10
10

Amounts owed to group undertakings
-
1,544,815

10
1,544,825



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
10
10


10
10



10
10



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


Page 5

 
BRIDE HALL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Post balance sheet events

There have been no significant events affecting the Company since the year end.


13.


Controlling party

The ultimate parent company is Bride Hall Group Limited, a company registered in England.  Financial statements for Bride Hall Group Limited can be obtained from Companies House. 

Page 6