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Registered number: 02282358
BESPOKE BRIDGING FINANCE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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BESPOKE BRIDGING FINANCE LIMITED
COMPANY INFORMATION
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B. H. Company Secretarial Services
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1st Floor Sackville House
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BESPOKE BRIDGING FINANCE LIMITED
CONTENTS
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Notes to the Financial Statements
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BESPOKE BRIDGING FINANCE LIMITED
REGISTERED NUMBER: 02282358
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
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Creditors: amounts falling due within one year
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NET CURRENT (LIABILITIES)/ASSETS
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TOTAL ASSETS LESS CURRENT LIABILITIES
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Creditors: Amounts Falling Due After More Than One Year
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PROVISIONS FOR LIABILITIES
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Allotted, called ip and fully paid share capital
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EQUITY SHAREHOLDERS (DEFICIT)/FUNDS
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Page 1
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BESPOKE BRIDGING FINANCE LIMITED
REGISTERED NUMBER: 02282358
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
The director considers 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 director acknowledges his 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 income and retained earnings 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 9 September 2026.
The notes on pages 3 to 9 form part of these financial statements.
Page 2
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BESPOKE BRIDGING FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Bespoke Bridging Finance Limited (Company number: 02282358), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private limited company incorporated in England and Wales.
The Company's principal place of business is 50 London House, 7-9 Avenue Road, St Johns Wood, NW8 7PX.
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 following principal accounting policies have been applied:
The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.
At the year end, the Company had net liabilities of £129,914 (2024 net assets: £27,167). Included within amounts owed to group undertakings at the balance sheet date was £190,324 (2024: £190,324) due to a wholly owned subsidiary company.
The company has control over the subsidiary, and the Director of the company has confirmed that the subsidiary will not seek repayment of this loan for a period of at least 12 months from the date of approval of these accounts, unless sufficient funds are available such that doing so will not compromise the going concern position of the company.
The Company should, therefore, be able to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any company placing reliance on other entities for financial support, the director acknowledges that there can be no certainty that this support will continue, although at the date of approval of these financial statements, they have no reason to believe that it will not do so.
On this basis, the director believes that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.
Page 3
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BESPOKE BRIDGING FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of turnover can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
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:
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 the Statement of Income and Retained Earnings.
Short-term debtors are measured at transaction price, less any impairment.
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CASH AND CASH EQUIVALENTS
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Page 4
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BESPOKE BRIDGING FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Short-term creditors are measured at the transaction price.
All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.
Page 5
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BESPOKE BRIDGING FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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CURRENT AND DEFERRED TAXATION
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The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the United Kingdom where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
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The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
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Page 6
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BESPOKE BRIDGING FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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At 1 October 2024 and at 30 September 2025
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Investments in subsidiary companies
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Page 7
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BESPOKE BRIDGING FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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Amounts owed by group undertakings
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CREDITORS: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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CREDITORS: Amounts falling due after more than one year
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Amounts falling due between two and five years
Bank loans (see below)
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Amounts falling due after more than five years
Bank loans (see below)
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Unsecured loan
The bounce back loan with Lloyds bank is repayable by instalments and is unsecured with no fixed and floating charges held over the assets of the Company. The interest charged on the bank loan is at a rate of 2.5% per annum.
The maximum term of the facilities runs to 30 April 2031.
As at 30 September 2025, the long term loan facility consisted of £12,500 (2024: £12,500) included within bank loans due within one year and £22,135 (2024: £29,557) included within bank loans due after more than one year.
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Page 8
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BESPOKE BRIDGING FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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TRANSACTIONS WITH DIRECTORS
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Included within other creditors are amounts due to L. A. Selbo, a director of the Company, of £163,654 (2024: £268,959 other debtors).
The balance was unsecured, repayable on demand and beared interest at the HMRC official rate of 3.75%. Interest receivable recognised during the year in relation to the loan amounted to £6,382 (2024: £9,702).
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RELATED PARTY TRANSACTIONS
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Included within amounts owed to group undertakings are amounts due to a company in which Bespoke Bridging Finance Limited holds a controlling interest of £190,324 (2024: £190,324).
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ULTIMATE CONTROLLING PARTY
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The ultimate controlling party as at 30 September 2025 and 30 September 2024 is L. A. Selbo, by virtue of his shareholding in the company.
Page 9
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