REGISTERED NUMBER: SC686820 (Scotland)

Unaudited Financial Statements

for the Period 1 February 2025 to 31 December 2025

for

Bridges Properties Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

K A Bridges

M Low

REGISTERED OFFICE:

15 Shairps Business Park

Houston Road

Livingston

EH54 5FD

REGISTERED NUMBER:

SC686820 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

FIXED ASSETS

Tangible assets

4

24,063

26,235

CURRENT ASSETS

Debtors

5

50,830

35,893

Cash at bank

176,157

156,034

226,987

191,927

CREDITORS

Amounts falling due within one year

6

114,931

113,985

NET CURRENT ASSETS

112,056

77,942

TOTAL ASSETS LESS CURRENT LIABILITIES

136,119

104,177

CREDITORS

Amounts falling due after more than one year

7

(6,400

)

(8,050

)

PROVISIONS FOR LIABILITIES

(5,998

)

(5,668

)

NET ASSETS

123,721

90,459

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

123,720

90,458

123,721

90,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 10 July 2026 and were signed on its behalf by:

K A Bridges - Director

1.	STATUTORY INFORMATION

Bridges Properties Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipments

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipments

Totals

£

£

£

COST

At 1 February 2025

19,060

10,907

29,967

Additions

4,775

1,851

6,626

At 31 December 2025

23,835

12,758

36,593

DEPRECIATION

At 1 February 2025

1,555

2,177

3,732

Charge for period

4,959

3,839

8,798

At 31 December 2025

6,514

6,016

12,530

NET BOOK VALUE

At 31 December 2025

17,321

6,742

24,063

At 31 January 2025

17,505

8,730

26,235

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.1.25

£

£

Trade debtors

40,028

33,802

Other debtors

10,132

-

Prepayments

670

2,091

50,830

35,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.1.25

£

£

Other loans

1,800

1,800

Trade creditors

13,514

36,894

Corporation Tax

26,788

26,694

Social security and other taxes

12,707

10,575

VAT

52,448

35,533

Other creditors

4,706

1,583

Accrued expenses

2,968

906

114,931

113,985

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.1.25

£

£

Other loans - 2-5 years

6,400

8,050

8.	RELATED PARTY DISCLOSURES

During the period, total dividends of £39,303 (2025 - £30,315) were paid to the directors .

Included within creditors under 'other loans' are amounts due to a close family member of a director/shareholder. The total balance due at the reporting period is £8,200 (Prior year end £9,850).

The loan is interest free, unsecured and has no fixed repayment terms.