REGISTERED NUMBER: 03179012 (England and Wales)

Bridgford Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr E J Tarbatt

REGISTERED OFFICE:

12 Bridgford Road

West Bridgford

Nottingham

Nottinghamshire

NG2 6AB

REGISTERED NUMBER:

03179012 (England and Wales)

ACCOUNTANTS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

FIXED ASSETS

Tangible assets

5

378,537

383,172

Investment property

6

27,762,365

27,762,365

28,140,902

28,145,537

CURRENT ASSETS

Stocks

2,535,828

2,434,036

Debtors

7

937,568

620,326

Cash at bank

28,970

535,692

3,502,366

3,590,054

CREDITORS

Amounts falling due within one year

8

704,840

717,446

NET CURRENT ASSETS

2,797,526

2,872,608

TOTAL ASSETS LESS CURRENT LIABILITIES

30,938,428

31,018,145

CREDITORS

Amounts falling due after more than one year

9

(10,890,342

)

(10,854,663

)

PROVISIONS FOR LIABILITIES

(4,529,501

)

(4,527,840

)

NET ASSETS

15,518,585

15,635,642

CAPITAL AND RESERVES

Called up share capital

11

492

492

Retained earnings

12

15,518,093

15,635,150

SHAREHOLDERS' FUNDS

15,518,585

15,635,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

Mr E J Tarbatt - Director

1.	STATUTORY INFORMATION

Bridgford Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss.

If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

463,740

79,136

159,528

14,020

716,424

Additions

25,199

3,808

104,734

4,742

138,483

Disposals

(78,350

)

-

(43,420

)

(5,296

)

(127,066

)

At 31 December 2024

410,589

82,944

220,842

13,466

727,841

DEPRECIATION

At 1 January 2024

223,138

31,135

69,924

9,055

333,252

Charge for year

39,378

7,771

36,680

3,203

87,032

Eliminated on disposal

(44,398

)

-

(21,943

)

(4,639

)

(70,980

)

At 31 December 2024

218,118

38,906

84,661

7,619

349,304

NET BOOK VALUE

At 31 December 2024

192,471

44,038

136,181

5,847

378,537

At 31 December 2023

240,602

48,001

89,604

4,965

383,172

Tangible fixed assets held under hire purchase contracts have a net book value at 31 December 2024 of £115,430 (2023 - £74,050)

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

27,762,365

NET BOOK VALUE

At 31 December 2024

27,762,365

At 31 December 2023

27,762,365

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

18,216,625

Cost

9,545,740

27,762,365

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

614,584

346,665

Other debtors

322,984

273,661

937,568

620,326

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

44,899

15,032

Trade creditors

39,348

160,480

Taxation and social security

145,716

96,354

Other creditors

474,877

445,580

704,840

717,446

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

10,845,263

10,845,263

Hire purchase contracts

45,079

9,400

10,890,342

10,854,663

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

10,845,263

10,845,263

Hire purchase contracts

89,978

24,432

10,935,241

10,869,695

Bank loans are secured by way of legal mortgage on the investment property and fixed charges over certain fixed assets.

Hire purchase contracts are secured over the assets to which they concern.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

492

Ordinary

1

492

492

12.

RESERVES

Retained

earnings

£

At 1 January 2024

15,635,150

Deficit for the year

(17,057

)

Dividends

(100,000

)

At 31 December 2024

15,518,093

Included within the retained earnings is £13,662,469 (2023 - £13,662,469) of reserves which relate to the revaluation of fixed assets and are therefore undistributable. This is made up of adjustments to fair value of £18,216,625 less deferred tax on the revaluation of £4,554,156.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year ended 31st December 2024, a loan existed between the company and its director and as at 31st December 2024 the director owes the company £29,462 (2023 - £11,013 owed to the director). The balance has been cleared after the year end by way of dividend.