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AUTOGRAPH HOMES (BRIDGE FARM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
Autograph Homes (Bridge Farm) Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. Its registered office is located at Unit 3 The Stables, Says Court Farm Badminton Road, Frampton Cotterell, Bristol, England, BS36 2NY
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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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:
The directors have reviewed the business plans, cash flow forecasts and projected profit and loss accounts of Autograph Homes (Bridge Farm) Limited. As at the balance sheet date, the company was in a net liability position of £188,384 (2024: £188,384).
The directors have considered the impact of this net liability position as part of their going concern assessment and have reviewed the company's forecast trading performance, expected cash flows and available sources of funding. Based on this review, the directors believe that the company has adequate resources to continue operations for the foreseeable future, being a period of not less than twelve months from the date of signing these financial statements.
Accordingly, the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.
Work in progress is stated at the lower of cost and net realisable value. Land held for development and the costs of the development are initially recognised at the transaction cost. The company allocates site-wide development costs between units on a site by site basis. These costs are carried at transactional cost until turnover in respect of the unit is recognised.
At each reporting date, work in progress is assessed for impairment. If it is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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