Company registration number 03800585 (England and Wales)
LONDON BRIDGE DEVELOPMENT CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LONDON BRIDGE DEVELOPMENT CONTRACTORS LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
LONDON BRIDGE DEVELOPMENT CONTRACTORS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
500,004
500,004
Current assets
Debtors
5
54,132
53,440
Cash at bank and in hand
59,311
59,915
113,443
113,355
Creditors: amounts falling due within one year
6
(515,924)
(517,380)
Net current liabilities
(402,481)
(404,025)
Net assets
97,523
95,979
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
97,423
95,879
Total equity
97,523
95,979

The notes on pages 3 to 6 form part of these financial statements.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The 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 the provisions of FRS 102 Section 1A - small entities.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 October 2025 and are signed on its behalf by:
S J Chrispin
Director
Company registration number 03800585 (England and Wales)
LONDON BRIDGE DEVELOPMENT CONTRACTORS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
100
94,366
94,466
Year ended 31 March 2024:
Profit and total comprehensive income
-
1,513
1,513
Balance at 31 March 2024
100
95,879
95,979
Year ended 31 March 2025:
Profit and total comprehensive income
-
1,544
1,544
Balance at 31 March 2025
100
97,423
97,523

The notes on pages 3 to 6 form part of these financial statements.

LONDON BRIDGE DEVELOPMENT CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

London Bridge Development Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Norwich Street, London, EC4A 1BD.

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 a mounts 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
Going concern

The financial statements have been prepared on the going concern basis. The directors are continually reviewing their plans and forecasts and believe that the going concern basis is appropriate. The shareholders have agreed to continue to support the Company for a period of at least 12 months from the date of approval of these financial statements. The financial statements do not include any adjustments that might be required if the application of the going concern basis proves to be inappropriate.

1.3
Turnover

Turnover comprises revenue recognised by the Company in respect of overhead costs recharged to related parties, net of VAT.

1.4
Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

1.5
Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.9
Taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

LONDON BRIDGE DEVELOPMENT CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

1.10
Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount arid the present value of estimated cash flows discounted atthe asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

2
Judgements and key sources of estimation uncertainty

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Fixed asset investments

The Company assesses at each reporting date whether an asset may be impaired. If any such indication exists the Company estimates recoverable amount of the asset. If the recoverable amount is less than its carrying amount, the carrying amount of the asset is impaired and it is reduced to its recoverable amount through an impairment in profit and loss unless the asset is carried at a revalued amount where the impairment loss of a revalued asset is a revaluation decrease.

3
Employees

The company had no employees other than the directors (2024 - Nil).

LONDON BRIDGE DEVELOPMENT CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
500,004
500,004

The investment in London Bridge Development Limited, More London Development Limited and LBD 2 Limited represents 100% of the issued share capital of those companies. London Bridge Development Limited and LBD 2 Limited are incorporated in Great Britain and are involved in developing building projects and the provision of management services to the property industry. More London Development Limited is dormant.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
54,132
53,440
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,715
4,142
Amounts owed to group undertakings
508,112
508,112
Other creditors
6,097
5,126
515,924
517,380

Amounts owed to group undertakings are interest free and repayable on demand.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
100
100
100
100
8
Related party transactions
Transactions with related parties

The Company has taken exemption under FRS 102 section 1AC.35 from disclosing transactions with group companies, on the grounds that each Company party to the transactions is wholly owned within the group.

During the year, £19,992 (2024: £19,992) was paid to directors of the Company for their consulting services to the Company.

During the year, consultancy fees of £53,027 (2024: £51,972) were charged to London Bridge Holdings Limited, a Company under common control. £53,027 (2024: £51,972) was due from that Company at the balance sheet date and is included in other debtors.

LONDON BRIDGE DEVELOPMENT CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
9
Ultimate parent undertaking and controlling party

The immediate and ultimate parent company is London Development Holdings Limited whose registered address is Ocean Centre, Montagu Foreshore, East Bay Street, Nassau, New Providence, The Bahamas. The ultimate controlling party is a Bahamian Trust that is controlled by Cayside (PTC) Limited.

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