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Registration number: 13697044

Bridgstock Kelly Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Bridgstock Kelly Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 7

 

Bridgstock Kelly Limited

Company Information

Directors

Mrs Helen Annabelle Boanas

Mrs Virginia Mary Kelly

Registered office

C/o Bridgstock Limited
Unit 2B Carrwood Road
Chesterfield
S41 9QB

Accountants

The Moffatts Partnership LLP
Suite 1.1, First Floor
Jackson House
Sibson Road
Sale
M33 7RR

 

Bridgstock Kelly Limited

(Registration number: 13697044)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

5,592,785

4,892,179

Current assets

 

Debtors

5

68,431

401,764

Cash at bank and in hand

 

9,229,601

8,321,389

 

9,298,032

8,723,153

Creditors: Amounts falling due within one year

6

(151,595)

(14,528)

Net current assets

 

9,146,437

8,708,625

Net assets

 

14,739,222

13,600,804

Capital and reserves

 

Called up share capital

7

13,685,962

13,685,962

Revaluation reserve

555,672

(136,657)

Retained earnings

497,588

51,499

Shareholders' funds

 

14,739,222

13,600,804

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.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 July 2025 and signed on its behalf by:
 

.........................................
Mrs Virginia Mary Kelly
Director

 

Bridgstock Kelly Limited

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2023

13,685,962

(136,657)

51,499

13,600,804

Profit for the year

-

-

1,138,418

1,138,418

Other comprehensive income

-

692,329

(692,329)

-

Total comprehensive income

-

692,329

446,089

1,138,418

At 31 October 2024

13,685,962

555,672

497,588

14,739,222

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2022

13,685,962

(184,227)

3,601

13,505,336

Profit for the year

-

-

95,468

95,468

Other comprehensive income

-

47,570

(47,570)

-

Total comprehensive income

-

47,570

47,898

95,468

At 31 October 2023

13,685,962

(136,657)

51,499

13,600,804

 

Bridgstock Kelly 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:
C/o Bridgstock Limited
Unit 2B Carrwood Road
Chesterfield
S41 9QB
England

These financial statements were authorised for issue by the Board on 3 July 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 directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Bridgstock Kelly Limited

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

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 directors) during the year, was 1 (2023 - 1).

 

Bridgstock Kelly Limited

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

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2023

4,892,179

4,892,179

Fair value adjustments

692,329

692,329

Additions

8,277

8,277

At 31 October 2024

5,592,785

5,592,785

Carrying amount

At 31 October 2024

5,592,785

5,592,785

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

68,430

68,430

Other debtors

 

1

333,334

   

68,431

401,764

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

148,697

11,768

Accruals and deferred income

2,898

2,760

151,595

14,528

 

Bridgstock Kelly Limited

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

13,685,962

13,685,962

13,685,962

13,685,962

       

8

Parent and ultimate parent undertaking

The company's immediate parent is B Kelly Holdings Limited (Company number: 14316253), incorporated in England and Wales.

 The ultimate controlling party is Mrs Virginia Kelly, who owns 100% of the shares in B Kelly Holdings Limited.