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Registered number: 09221542














BRIDGECORE DEVELOPMENTS LIMITED

 
UNAUDITED

PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
BRIDGECORE DEVELOPMENTS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7

 
BRIDGECORE DEVELOPMENTS LIMITED
REGISTERED NUMBER:09221542

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,718
7,160

  
6,718
7,160

Current assets
  

Debtors: amounts falling due within one year
 5 
61,405
122,933

Cash at bank and in hand
 6 
230,185
264,886

  
291,590
387,819

Creditors: amounts falling due within one year
 7 
(22,419)
(89,480)

Net current assets
  
 
 
269,171
 
 
298,339

Total assets less current liabilities
  
275,889
305,499

Provisions for liabilities
  

Deferred tax
 8 
(1,680)
(1,790)

  
 
 
(1,680)
 
 
(1,790)

Net assets
  
274,209
303,709


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
273,209
302,709

  
274,209
303,709

1

 
BRIDGECORE DEVELOPMENTS LIMITED
REGISTERED NUMBER:09221542
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 profit and loss account 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 10 July 2025.




................................................
P Skottowe
Director

The notes on pages 3 to 7 form part of these financial statements.
2

 
BRIDGECORE DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Bridgecore Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 09221542
The registered office address is 11 Watts Lane, Teddington, TW11 8HQ.
The principal activity of the company continued to be that of development of building projects.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The following principal accounting policies have been applied:

 
2.2

Turnover

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

 
2.3

Interest income

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

3

 
BRIDGECORE DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
reducing balance method
Computer equipment
-
33%
reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

4

 
BRIDGECORE DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

 Creditors

Short term creditors are measured at the transaction price. 

 
2.9

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 January 2024
1,357
19,790
21,147


Additions
-
2,095
2,095



At 31 December 2024

1,357
21,885
23,242



Depreciation


At 1 January 2024
869
13,119
13,988


Charge for the year on owned assets
161
2,375
2,536



At 31 December 2024

1,030
15,494
16,524



Net book value



At 31 December 2024
327
6,391
6,718



At 31 December 2023
489
6,671
7,160

5

 
BRIDGECORE DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
4,097
75,216

Other debtors
6,785
16,212

Prepayments and accrued income
50,523
31,505

61,405
122,933



6.


Cash

2024
2023
£
£

Cash at bank
230,185
264,886



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,097
64,152

Corporation tax
9,528
6,462

Other taxation and social security
2,097
11,013

Other creditors
1,796
3,154

Accruals
4,901
4,699

22,419
89,480



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(1,790)
(1,442)


Charged to profit or loss
110
(348)



At end of year
(1,680)
(1,790)

6

 
BRIDGECORE DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,680)
(1,790)

(1,680)
(1,790)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



10.


Related party transactions

At the year end, an amount of £1,324 (2023 - £1,556) was owed to the director. 
Dividends amounting to £52,000 (2023 - £44,000) were paid to the director during the year.

 
7