Company No: 08068417 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	3,268		2,100
Investments	5	4,600		58,651
		7,868		60,751
Current assets
Debtors	6	259,927		85,245
Cash at bank and in hand		9,815		23,163
		269,742		108,408
Creditors: amounts falling due within one year	7	( 102,470)		( 179,980)
Net current assets/(liabilities)		167,272		(71,572)
Total assets less current liabilities		175,140		(10,821)
Net assets/(liabilities)		175,140		( 10,821)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		175,040		( 10,921 )
Total shareholders' funds/(deficit)		175,140		( 10,821)

For the financial year ending 31 May 2025 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 financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Bridges Financial Management Limited (registered number: 08068417) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr P Bridges Director

12 December 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bridges Financial Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Waterford 5 Greenwood Avenue, Lilliput, Poole, BH14 8QD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	25 years straight line
Office equipment	2 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset. If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 June 2024	985,000		985,000
At 31 May 2025	985,000		985,000
Accumulated amortisation
At 01 June 2024	985,000		985,000
At 31 May 2025	985,000		985,000
Net book value
At 31 May 2025	0		0
At 31 May 2024	0		0

4. Tangible assets

	Land and buildings		Office equipment		Total
	£		£		£
Cost
At 01 June 2024	145,814		44,918		190,732
Additions	0		3,379		3,379
Disposals	( 145,814)		( 9,423)		( 155,237)
At 31 May 2025	0		38,874		38,874
Accumulated depreciation
At 01 June 2024	145,814		42,818		188,632
Charge for the financial year	0		1,051		1,051
Disposals	( 145,814)		( 8,263)		( 154,077)
At 31 May 2025	0		35,606		35,606
Net book value
At 31 May 2025	0		3,268		3,268
At 31 May 2024	0		2,100		2,100

5. Fixed asset investments

	2025		2024
	£		£
Other investments and loans	4,600		58,651

6. Debtors

	2025		2024
	£		£
Trade debtors	7,500		11,500
Amounts owed by associates	67,329		0
Amounts owed by directors	185,098		73,745
	259,927		85,245

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	15,000		28,846
Trade creditors	3,364		47
Amounts owed to associates	23,466		99,461
Accruals	3,588		3,564
Corporation tax	46,462		34,864
Deferred tax liability	817		525
Other taxation and social security	9,432		11,513
Obligations under finance leases and hire purchase contracts	341		1,160
	102,470		179,980

8. Related party transactions

Transactions with the entity's directors

At the year end the directors owed the company £185,098 (2024 - £73,745). Interest has been charged at 2.25%. The loan is repayable on demand.

Other related party transactions

At the year end, the company owed £23,466 (2024 - £28,566) to an associated company, MCM Bespoke Investment Services Limited in the form of interest free loan's, repayable on demand. However, at the year a trade debtor of £7,500 (2024 - £11,500) was owed to the company by MCM Bespoke Investment Services Limited.

At the year end, the company was owed £67,329 by to an associated company, PJB 397 Limited, in the form of interest free loan's, repayable on demand (2024 - £70,895 owed to PJB 397 Limited).

All sales during the year were made to an associated company, being MCM Bespoke Investment Services Limited.