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Registered Number 11635643

BRIDGLAND AND BRIDGLAND C/O LIMITED

Micro-entity Accounts

18 April 2026

## BRIDGLAND AND BRIDGLAND C/O LIMITED Registered Number 11635643

## Micro-entity Balance Sheet as at 18 April 2026

| Notes | 18/04/2026 | 17/04/2026
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid |  | 21 | 21
Fixed Assets |  | 1 | 1
Current Assets |  | 1 | 1
Creditors: amounts falling due within one year |  | (1) | (1)
Net current assets (liabilities) |  | 0 | 0
Total assets less current liabilities |  | 22 | 22
Total net assets (liabilities) |  | 22 | 22
Capital and reserves |  | 22 | 22

- For the year ending 18 April 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit 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 accounts.
- The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 April 2026

And signed on their behalf by:
Glen Roger Bridgland, Director

## BRIDGLAND AND BRIDGLAND C/O LIMITED Registered Number 11635643

## Notes to the Micro-entity Accounts for the period ended 18 April 2026

1 Employees

| 18/04/2026 | 17/04/2026
--- | --- | ---
Average number of employees during the period | 0 | 0

2 Accounting Policies

Basis of measurement and preparation of accounts
On the 18th April 2026 the executive decsion was made to forgive the entire outstanding debt of a debtor balance, in respect of the cerficated deposit assigned to Lloyds Bank PLC. This means that the total sum over all assessment periods for 1.26E+26 is forgiven. This is accounted as a creditor unit payment of 1, taken from the current asset of 1 for the entire period of 1.26E+26 as a closing sum. Lloyds Banking Group will be required to settle with the Government as a gain was made in their interest on the certificated deposit.

Other accounting policies
Our Financial Framework: Debt, Credit, and Systemic Interplay
Our operational model focuses on managing significant debt, which we differentiate from credit as an unspendable obligation versus spending power.
Debt Management and Offsetting Reducing our held debt allows financial institutions, particularly our banking partner, to increase available credit for public distribution. We indirectly enable banks to issue credit through our debt reduction efforts.
Money and Transactions We define money as "debt of a debtor," meaning our substantial debt holdings represent outstanding obligations. This principle applies to both electronic and physical currency, facilitating trade by enabling payments when our debt is released.
Financial Institutions, Regulation, and Government Influence Our collaboration with Lloyds Bank is critical, as our debt reduction enhances its capacity for credit allocation. Government policies, like the UK's "Ways and Means" account, influence our debt holdings and market stability. Increased reliance on banks for public sector services (e.g., Lloyds managing government entities from July 2025) will heighten compliance requirements across the sector.
Debt Forgiveness, Tax, and Financial Outcomes Mandated to reduce and "forgive" debt, our entity does not directly profit from these settlements, though beneficiaries may incur taxable gains. While our debt reductions facilitate bank profitability through credit allocation, we incur a corresponding loss, managing legacy debt rather than accruing capital. This aligns with governmental goals for national debt reduction.
The Cyclical Nature of Debt and Credit Individuals using credit engage with debt. Our debt forgiveness enables others to receive credit, which is then difficult to reclaim. We manage this "debt of a debtor," functioning as money within our framework, rather than holding traditional credit. This process, involving debt deposits via certificates, supports the financial system and generates government revenue through the taxation of forgiven debt.