ACCOUNTS - Final Accounts preparation

Registered number: 11798242

LIFE BRIDGING AND COMMERCIAL SOLUTIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


LIFE BRIDGING AND COMMERCIAL SOLUTIONS LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


LIFE BRIDGING AND COMMERCIAL SOLUTIONS LIMITED REGISTERED NUMBER:11798242

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

	2025	2024
Note	£	£

Fixed assets
Tangible assets	4	14,802	924
Current assets
Debtors: amounts falling due within one year	5	145,317	146,968
Cash at bank and in hand		172,417	-
Curent liabilities
Creditors: amounts falling due within one year	6	(258,953)	(128,985)

Net assets		73,583	18,907

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		73,582	18,906
		73,583	18,907

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2025.

D Sovitch

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


LIFE BRIDGING AND COMMERCIAL SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Life Bridging and Commercial Solutions Limited is a limited liability company registered in England and Wales. Its registered office is at 3 Penta Court, Station Road, Borehamwood, Herts, United Kingdom, WD6 1SL.
The financial statements are presented in £ sterling, which is the functional currency of the company.
The principal activity of the company during the year was that of financial advisory.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliable measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Mortgages - completion of the loan
Protection - the policy is put on risk
Client fees - offer of the mortgage
Other consultancy fees - completion of the assignment

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2


LIFE BRIDGING AND COMMERCIAL SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25%
				Computer equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits..

2.8

Dividends

Equity dividends are recognised when they become legally payable.

Page 3


LIFE BRIDGING AND COMMERCIAL SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 April 2024	1,607	5,098	6,705
Additions	15,899	-	15,899
At 31 March 2025	17,506	5,098	22,604
Depreciation
At 1 April 2024	1,040	4,741	5,781
Charge for the year on owned assets	1,664	357	2,021
At 31 March 2025	2,704	5,098	7,802
Net book value
At 31 March 2025	14,802	-	14,802
At 31 March 2024	567	357	924

Debtors

					2025	2024
					£	£


Trade debtors	6,391	6,928
Amounts owed by group undertakings	70,344	106,165
Other debtors	50,908	2,798
Prepayments and accrued income	17,674	31,077
	145,317	146,968

Page 4


LIFE BRIDGING AND COMMERCIAL SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	23,985	54,935
Other taxation and social security	152,562	73,028
Other creditors	262	22
Accruals and deferred income	82,144	1,000
	258,953	128,985

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1	1	1

8.	Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,119 (2024 - Nil).
Contributions totalling £262 (2024 - Nil) were payable to the fund at the reporting date and are included in
creditors.

9.	Related party transactions
	The Company forms part of a wholly-owned group and accordingly has taken advantage of the exemption allowed under section 33.1A of FRS 102 not to disclose transactions with other group companies.

Page 5