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Registered number: 03760785
Bridges Caversham Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Inchmead Accountants
100 Berkshire Place
Winnersh
Wokingham
RG41 5RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03760785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 48,343 64,458
Tangible Assets 5 212,458 232,238
260,801 296,696
CURRENT ASSETS
Debtors 6 65,192 39,116
Investments 7 14,898 -
Cash at bank and in hand 163,522 248,905
243,612 288,021
Creditors: Amounts Falling Due Within One Year 8 (126,113 ) (95,827 )
NET CURRENT ASSETS (LIABILITIES) 117,499 192,194
TOTAL ASSETS LESS CURRENT LIABILITIES 378,300 488,890
Creditors: Amounts Falling Due After More Than One Year 9 (47,527 ) (88,000 )
NET ASSETS 330,773 400,890
CAPITAL AND RESERVES
Called up share capital 10 70 70
Profit and Loss Account 330,703 400,820
SHAREHOLDERS' FUNDS 330,773 400,890
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Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Richards
Director
11 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bridges Caversham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03760785 . The registered office is 1 Church Road, Caversham, Reading , RG4 7AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 
Rendering of services
Revenue from property sales is recognised at the point in time when legal title is transferred to the buyer. This is typically at the closing date of the sale when all the contractual obligations are fulfilled, and the buyer has taken possession of the property. 
Revenue from providing rental management services is recognised monthly over the lease term of the property.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 15 years straightline
Plant & Machinery 4 years straightline
Computer Equipment 3 years straightline
The property was aquired at the end of the financial year and therefore no depreciation was charged. 
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 80,572
As at 30 November 2024 80,572
Amortisation
As at 1 December 2023 16,114
Provided during the period 16,115
As at 30 November 2024 32,229
Net Book Value
As at 30 November 2024 48,343
As at 1 December 2023 64,458
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 225,000 11,815 5,478 242,293
As at 30 November 2024 225,000 11,815 5,478 242,293
Depreciation
As at 1 December 2023 - 8,229 1,826 10,055
Provided during the period 15,000 2,954 1,826 19,780
As at 30 November 2024 15,000 11,183 3,652 29,835
Net Book Value
As at 30 November 2024 210,000 632 1,826 212,458
As at 1 December 2023 225,000 3,586 3,652 232,238
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,192 19,116
Other debtors 20,000 20,000
65,192 39,116
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7. Current Asset Investments
2024 2023
£ £
Unlisted investments 14,898 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,528 16,728
Other creditors 275 526
Taxation and social security 111,310 78,573
126,113 95,827
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 47,527 88,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 70 70
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 156,500 100,000
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