REGISTERED NUMBER: 08631592 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

GLOBAL BRIDGING LENDING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T J Cooley

T J Pothecary

Mrs J E Sullivan

L Covill

SECRETARY:

Foot Anstey Secretarial Limited

REGISTERED OFFICE:

3rd Floor

2 Glass Wharf

Bristol

BS2 0EL

REGISTERED NUMBER:

08631592 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mrs Anugrah Sharma BSc FCA

AUDITORS:

A & N (Haslemere) Limited - Statutory Auditors

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

CURRENT ASSETS

Debtors

3

4,337,924

7,003,713

Cash at bank

2,028,497

19,109

6,366,421

7,022,822

CREDITORS

Amounts falling due within one year

4

5,546,399

6,321,616

NET CURRENT ASSETS

820,022

701,206

TOTAL ASSETS LESS CURRENT LIABILITIES

820,022

701,206

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

820,021

701,205

SHAREHOLDERS' FUNDS

820,022

701,206

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

T J Cooley - Director

1.	ACCOUNTING POLICIES

General information and basis of preparation

Global Bridging Lending Ltd ("the Company") is a private company limited by shares incorporated in England, United Kingdom. The address of the registered office is given in the company information on page 1. The Company is a wholly owned subsidiary of Global Bridging PLC ("the Parent Company") .

The principal activity of the Company is the provision of bridging and short term lending to developers and professional property investors.

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 (1a), the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102 (1a)) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention and are presented in sterling which is the functional currency of the Company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

FRS 102 - Reduced Disclosure Exemptions

This Company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The Company has therefore taken advantage of an exemption from the following disclosure requirement:

Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures.

Significant judgements and estimates

In the application of the Company's accounting policies, the directors make some judgements, estimates and assumptions about the assets and liabilities, however these are largely based on contractual transactions.

There are no critical accounting judgements or estimates that the directors have made in the process of applying the Company's accounting policies.

Turnover

Turnover comprises interest income, management and arrangement fees on financial assets. Interest income is recognised from the date the funds are advanced and in accordance with the fixed rate interest through the year. Arrangement and management fees are recognised on the commencement of the loan agreement.

Financial instruments

The Company classifies its financial assets at fair value through profit and loss or as loan debtors and amounts owed by group undertakings. Financial liabilities are classified as other loans and amounts owed to group undertakings at transaction cost. All financial assets and liabilities entered into are due within one year.

Other basic financial assets and liabilities, including cash and bank balances and accrued/received interest and expenses are recognised at transaction price which is considered equivalent to fair value.

Loan debtors constitute non-derivative short term bridging loans provided at fixed interest commercial rates and are classified as basic financial instruments. These are measured at transaction price net of any costs and impairment and are considered to be equivalent to fair value.

Other financial liabilities are short term non-derivative financial liabilities with fixed or determinable payments. These are recognised when cash is received from investors. The liabilities are carried at transaction cost. This is considered to be equivalent to fair value.

Taxation

Taxation expense for the year comprises current tax recognised in the year. Current tax is the amount of tax payable in respect of the taxable profit for the year or prior years and is calculated using tax rates and laws that have been enacted or substantively enacted by the year end.

Impairment

The Company reviews its portfolio of loan debtors to assess impairment on a regular basis during the year. The criteria used are whether there are any arrears in contractual payments of principal or interest; cash flow difficulties experienced by the borrower and the need for the initiation of collection. In determining whether an impairment loss should be recognised the directors considers whether there is a measurable decrease in the recoverable debt.

No impairment provision has been made against loans and advances to customers or other receivables during the period.

Determining whether secured debt is impaired requires an estimation of the value of the underlying security, an assessment of future related expected cashflows, the financial position of the borrower and the carrying balance of the debt. This is considered on an individual loan by loan basis. The directors are satisfied with the degree of certainty that this approach provides.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

4,054,800

6,412,186

Other debtors

283,124

591,527

4,337,924

7,003,713

Other debtors represents trade debtor accumulated interest due.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Amounts owed to group undertakings

450,000

330,000

Taxation and social security

39,605

56,626

Other creditors

5,056,794

5,934,990

5,546,399

6,321,616

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

Other creditors include external funding secured against relevant collateral provided by the ultimate borrower and loan notes.

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Other Loans

1,538,915

2,858,162

Loan Notes

3,514,519

3,074,628

5,053,434

5,932,790

Loans to the Company at the year end include loan arrangements where additional external funding is secured via a subcharge on the collateral to the Company on the advancement of the loan at commercial rates and redeemable within one year. The Other Loans due include accrued interest £ 108,716(2024 £274,288). There is a custodial fixed and floating charge on the assets of the Company on behalf of all Loan note holders. The Loan Notes balances due include accrued interest of £326,456 (2024 £249,878).

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

1

Ordinary

£1

1

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Anugrah Sharma BSc FCA (Senior Statutory Auditor)

for and on behalf of A & N (Haslemere) Limited - Statutory Auditors

8.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption available in paragraph 33.1A of FRS 102: Related party disclosures and has not disclosed transactions with other wholly owned Group companies. Transactions between Group companies that eliminate in the consolidated financial statements are not disclosed.

The directors, shareholders and connected parties are owed £2,999,885 (2024 £2,553,543). These debts are "pari passu" with other loan note holders and include accrued interest due at 31 July 2025 of £237,865 (2024 £221,645). During the year interest of £199,981 (2024 £238,108) was paid to these parties. Loan notes are redeemable at any time, by any party subject to a minimum of two months notice.

Global Bridging PLC is regarded by the directors as being the Company's ultimate parent company.