2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 275,597 275,597 275,597 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 13718820 2023-12-01 2024-11-30 13718820 2024-11-30 13718820 2023-11-30 13718820 2022-12-01 2023-11-30 13718820 2023-11-30 13718820 2022-11-30 13718820 bus:Director1 2023-12-01 2024-11-30 13718820 core:AfterOneYear 2024-11-30 13718820 core:AfterOneYear 2023-11-30 13718820 core:WithinOneYear 2024-11-30 13718820 core:WithinOneYear 2023-11-30 13718820 core:ShareCapital 2024-11-30 13718820 core:ShareCapital 2023-11-30 13718820 core:RetainedEarningsAccumulatedLosses 2024-11-30 13718820 core:RetainedEarningsAccumulatedLosses 2023-11-30 13718820 core:CostValuation core:Non-currentFinancialInstruments 2024-11-30 13718820 core:Non-currentFinancialInstruments 2024-11-30 13718820 core:Non-currentFinancialInstruments 2023-11-30 13718820 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 13718820 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-30 13718820 bus:SmallEntities 2023-12-01 2024-11-30 13718820 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13718820 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13718820 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13718820 bus:FullAccounts 2023-12-01 2024-11-30 13718820 core:KeyManagementPersonnel 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 13718820
Findbridge Limited
Filleted Unaudited Financial Statements
30 November 2024
Findbridge Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
275,597
275,597
Investments
6
100
100
----------
----------
275,697
275,697
Current assets
Debtors
7
126,505
131,559
Cash at bank and in hand
250
83,121
----------
----------
126,755
214,680
Creditors: amounts falling due within one year
8
( 106,147)
( 186,881)
----------
----------
Net current assets
20,608
27,799
----------
----------
Total assets less current liabilities
296,305
303,496
Creditors: amounts falling due after more than one year
9
( 213,150)
( 213,150)
----------
----------
Net assets
83,155
90,346
----------
----------
Capital and reserves
Called up share capital
100
100
Profit and loss account
83,055
90,246
---------
---------
Shareholders funds
83,155
90,346
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 30 November 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 .
Findbridge Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 23 July 2025 , and are signed on behalf of the board by:
Mr M Broner
Director
Company registration number: 13718820
Findbridge Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Woodstock Avenue, London, NW11 9RG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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 entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Other than those stated below, there were no material judgements, estimates and assumptions that affected the amounts reported in the year.
Revenue recognition
The turnover of the company is represented by rents and charges receivable in respect of its investment properties.
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.
Tangible assets
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - i. Investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and ii. No depreciation is provided in respect of investment properties applying the fair value model.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Tangible assets
Freehold property
£
Cost
At 1 December 2023 and 30 November 2024
275,597
----------
Carrying amount
At 30 November 2024
275,597
----------
At 30 November 2023
275,597
----------
6. Investments
Shares in group undertakings
£
Cost
At 1 December 2023 and 30 November 2024
100
----
Impairment
At 1 December 2023 and 30 November 2024
----
Carrying amount
At 30 November 2024
100
----
At 30 November 2023
100
----
7. Debtors
2024
2023
£
£
Trade debtors
2,919
839
Amounts owed by group undertakings
116,302
121,021
Other debtors
7,284
9,699
----------
----------
126,505
131,559
----------
----------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,211
Other creditors
104,936
186,881
----------
----------
106,147
186,881
----------
----------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
213,150
213,150
----------
----------
10. Related party transactions
Other creditors includes £86,407 (2023: £174,032) due to the director. The loan is interest free and repayable on demand.