0
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-10-01
Sage Accounts Production Advanced 2024 - FRS102_2024
4,240,279
4,240,279
4,240,279
xbrli:pure
xbrli:shares
iso4217:GBP
10388024
2023-10-01
2024-09-30
10388024
2024-09-30
10388024
2023-09-30
10388024
2022-10-01
2023-09-30
10388024
2023-09-30
10388024
2022-09-30
10388024
core:FurnitureFittings
2023-10-01
2024-09-30
10388024
core:MotorVehicles
2023-10-01
2024-09-30
10388024
bus:Director1
2023-10-01
2024-09-30
10388024
core:FurnitureFittings
2023-09-30
10388024
core:MotorVehicles
2023-09-30
10388024
core:FurnitureFittings
2024-09-30
10388024
core:WithinOneYear
2024-09-30
10388024
core:WithinOneYear
2023-09-30
10388024
core:AfterOneYear
2024-09-30
10388024
core:AfterOneYear
2023-09-30
10388024
core:ShareCapital
2024-09-30
10388024
core:ShareCapital
2023-09-30
10388024
core:SharePremium
2024-09-30
10388024
core:SharePremium
2023-09-30
10388024
core:OtherReservesSubtotal
2024-09-30
10388024
core:OtherReservesSubtotal
2023-09-30
10388024
core:RetainedEarningsAccumulatedLosses
2024-09-30
10388024
core:RetainedEarningsAccumulatedLosses
2023-09-30
10388024
core:CostValuation
core:Non-currentFinancialInstruments
2024-09-30
10388024
core:Non-currentFinancialInstruments
2024-09-30
10388024
core:Non-currentFinancialInstruments
2023-09-30
10388024
core:FurnitureFittings
2023-09-30
10388024
core:MotorVehicles
2023-09-30
10388024
bus:SmallEntities
2023-10-01
2024-09-30
10388024
bus:AuditExemptWithAccountantsReport
2023-10-01
2024-09-30
10388024
bus:SmallCompaniesRegimeForAccounts
2023-10-01
2024-09-30
10388024
bus:PrivateLimitedCompanyLtd
2023-10-01
2024-09-30
10388024
bus:FullAccounts
2023-10-01
2024-09-30
10388024
core:OfficeEquipment
2023-10-01
2024-09-30
10388024
core:OfficeEquipment
2023-09-30
10388024
core:OfficeEquipment
2024-09-30
10388024
core:KeyManagementPersonnel
2023-10-01
2024-09-30
COMPANY REGISTRATION NUMBER:
10388024
|
Chesford Bridge House Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Chesford Bridge House Limited |
|
|
Statement of Financial Position |
|
30 September 2024
Fixed assets
|
Tangible assets |
4 |
|
24,578 |
95,372 |
|
Fixed Asset Investments |
5 |
|
4,240,279 |
4,240,279 |
|
|
----------- |
----------- |
|
|
4,264,857 |
4,335,651 |
|
|
|
|
|
Current assets
|
Debtors |
6 |
494,000 |
|
419,219 |
|
Cash at bank and in hand |
8,399 |
|
5,866 |
|
-------- |
|
-------- |
|
502,399 |
|
425,085 |
|
|
|
|
|
|
Prepayments and accrued income |
– |
|
548 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
272,717 |
|
238,717 |
|
-------- |
|
-------- |
|
Net current assets |
|
229,682 |
186,916 |
|
|
----------- |
----------- |
|
Total assets less current liabilities |
|
4,494,539 |
4,522,567 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
2,589,485 |
2,553,374 |
|
|
|
|
|
|
Provisions |
|
172,491 |
182,281 |
|
|
|
|
|
Accruals and deferred income |
|
5,816 |
6,457 |
|
|
----------- |
----------- |
|
Net assets |
|
1,726,747 |
1,780,455 |
|
|
----------- |
----------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
9 |
|
100 |
100 |
|
Share premium account |
|
1,326,724 |
1,326,724 |
|
Non-distributable reserve |
|
517,471 |
517,471 |
|
Profit and loss account |
|
(
117,548) |
(
63,840) |
|
|
----------- |
----------- |
|
Shareholders funds |
|
1,726,747 |
1,780,455 |
|
|
----------- |
----------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Chesford Bridge House Limited |
|
|
Statement of Financial Position (continued) |
|
30 September 2024
These financial statements were approved by the
board of directors
and authorised for issue on
24 June 2025
, and are signed on behalf of the board by:
Company registration number:
10388024
|
Chesford Bridge House Limited |
|
|
Notes to the Financial Statements |
|
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered and trading in England and Wales with company number
10388024
. The address of the registered office is 8 Jury Street, Warwick, CV34 4EW.
2.
Statement of compliance
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historic experience and various other factors that are believed to be reasonable under the circumstances. rent from other sources. Actual results may differ from these estimates. The significant judgements, estimates and assumptions are: No significant judgements have had to be made by the directors in preparing these accounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
15% reducing balance |
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
15% reducing balance |
|
|
|
|
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4.
Tangible assets
|
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
|
|
|
|
|
At 1 October 2023 |
50,584 |
83,600 |
2,672 |
136,856 |
|
Disposals |
– |
(
83,600) |
– |
(
83,600) |
|
------- |
------- |
------ |
-------- |
|
At 30 September 2024 |
50,584 |
– |
2,672 |
53,256 |
|
------- |
------- |
------ |
-------- |
|
Depreciation |
|
|
|
|
|
At 1 October 2023 |
22,687 |
16,981 |
1,816 |
41,484 |
|
Charge for the year |
4,047 |
– |
128 |
4,175 |
|
Disposals |
– |
(
16,981) |
– |
(
16,981) |
|
------- |
------- |
------ |
-------- |
|
At 30 September 2024 |
26,734 |
– |
1,944 |
28,678 |
|
------- |
------- |
------ |
-------- |
|
Carrying amount |
|
|
|
|
|
At 30 September 2024 |
23,850 |
– |
728 |
24,578 |
|
------- |
------- |
------ |
-------- |
|
At 30 September 2023 |
27,897 |
66,619 |
856 |
95,372 |
|
------- |
------- |
------ |
-------- |
|
|
|
|
|
5.
Fixed asset investments
|
Investment Property |
|
£ |
|
Cost |
|
|
At 1 October 2023 and 30 September 2024 |
4,240,279 |
|
----------- |
|
Impairment |
|
|
At 1 October 2023 and 30 September 2024 |
– |
|
----------- |
|
|
|
Carrying amount |
|
|
At 30 September 2024 |
4,240,279 |
|
----------- |
|
At 30 September 2023 |
4,240,279 |
|
----------- |
|
|
Property
The investment property was valued by the director on an open market basis at £4,240,279 as at 30 September 2024 (2023: £4,240,279). The historical cost of the investment property was £3,550,316 (2023: £3,550,316).
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
494,000 |
419,219 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
8,000 |
8,000 |
|
Trade creditors |
1,200 |
1,200 |
|
Social security and other taxes |
44,517 |
44,517 |
|
Other creditors |
219,000 |
185,000 |
|
-------- |
-------- |
|
272,717 |
238,717 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
2,589,485 |
2,553,374 |
|
----------- |
----------- |
|
|
|
9.
Called up share capital
|
|
2024 |
|
2023 |
|
|
|
|
£ |
|
£ |
|
Ordinary A Shares of £0.01 each |
7,002 |
70 |
7,002 |
70 |
|
Ordinary B Shares of £0.01 each |
1,000 |
10 |
1,000 |
10 |
|
Ordinary C Shares of £0.01 each |
1,000 |
10 |
1,000 |
10 |
|
Ordinary D Shares of £0.01 each |
1,000 |
10 |
1,000 |
10 |
|
|
------- |
---- |
------- |
---- |
|
|
10,002 |
100 |
10,002 |
100 |
|
|
------- |
---- |
------- |
---- |
|
|
|
|
|
|
10.
Charges on assets
Investment Property
Investment Properties with a carrying value of £4,240,279 are pledged as security for the company bank loans.
11.
Director's advances, credits and guarantees
At the reporting date the directors loan account was in debit by £336,396 (2023: £265,315). There is no fixed term for repayment and interest is charged at HMRC's advised rate. Transactions during the year can be summarised as follows:
|
|
2024 |
|
|
£ |
|
Opening balance brought forward |
(265,315) |
|
Advances in period |
(67,000) |
|
Interest charged |
(4,081) |
|
Closing balance carried forward |
(336,396) |
|
|
|
12.
Related party transactions
The company was under the control of Mr V. Tara during the current and previous period.