Company registration number 10581871 (England and Wales)
6-ADDISON BRIDGE PLACE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
6-ADDISON BRIDGE PLACE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
6-ADDISON BRIDGE PLACE LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
2,428,353
2,414,646
Debtors
3
3,429
8,510
Cash at bank and in hand
52,686
59,193
2,484,468
2,482,349
Creditors: amounts falling due within one year
4
(1,236,046)
(1,236,040)
Net current assets
1,248,422
1,246,309
Creditors: amounts falling due after more than one year
5
(1,230,808)
(1,230,808)
Net assets
17,614
15,501
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
16,614
14,501
Total equity
17,614
15,501

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 August 2025
Mr K Lawal
Director
Company registration number 10581871 (England and Wales)
6-ADDISON BRIDGE PLACE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

6-ADDISON Bridge Place Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 95/97 Lower Addiscombe Road, Croydon, Surrey, CR0 6PT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Stocks

Development properties are defined as those properties in respect of which construction and development have not been completed at the balance sheet date and are classified as work in progress within stocks until sold.

 

Development properties are recognised at the point of legal exchange, and are stated at the lower of cost and net realisable value where cost consists of the purchase price of the land or property and direct expenditure incurred in developing the property.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

6-ADDISON BRIDGE PLACE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,969
7,972
Other debtors
460
538
3,429
8,510
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
16,674
13,940
Taxation and social security
4,191
3,461
Other creditors
1,215,181
1,218,639
1,236,046
1,236,040
6-ADDISON BRIDGE PLACE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,230,808
1,230,808

The company has one charge. The loan is secured by a legal charge over 6 Addison Bridge place which contains both a fixed charge and negative pledge.

 

The balance of the loan at the year end amounted to £1,230,808 (2024 - £1,230,808)

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