Registration number: 03485566

Bridgelease ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Bridgelease ltd

Company Information

Director

Mr Cris Boyce

Registered office

Blue Horizon Ilsham Marine Drive Torquay Devon TQ1 2HT

Accountants

Neil Wilson & Co Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Bridgelease ltd

(Registration number: 03485566)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	692,500	692,500
Current assets
Debtors	5	516,320	508,610
Cash at bank and in hand		13,023	6,609
		529,343	515,219
Creditors: Amounts falling due within one year	6	(137,042)	(150,560)
Net current assets		392,301	364,659
Net assets		1,084,801	1,057,159
Capital and reserves
Called up share capital	7	1,000	1,000
Revaluation reserve		5,770	5,770
Retained earnings		1,078,031	1,050,389
Shareholders' funds		1,084,801	1,057,159

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 October 2026
 

......................................... Mr Cris Boyce Director

Bridgelease ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Blue Horizon
Ilsham Marine Drive
Torquay
Devon
TQ1 2HT

These financial statements were authorised for issue by the director on 5 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Bridgelease ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold properties	0%

Investment property

Investment properties are shown at their open market value. The surplus or deficit arising
from the annual revaluation is transferred to the investment revaluation reserve unless a
deficit, or its reversal, on an individual investment property is expected to be permanent in
which case it is recognised in the profit and loss account for the year.

This is in accordance with the Financial Reporting Standard 102 1A which, unlike the
Companies Act 2006, does not require depreciation of investment properties. Investment
properties are held for their investment potential and not for use by the company and so their
current value is of prime importance. The departure from the provisions of the Act is required
in order to give a true and fair view.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Bridgelease ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 March 2025	692,500	692,500
At 28 February 2026	692,500	692,500
Depreciation
Carrying amount
At 28 February 2026	692,500	692,500
At 28 February 2025	692,500	692,500

Included within the net book value of land and buildings above is £692,500 (2025 - £692,500) in respect of freehold land and buildings.
 

5

Debtors

Current	Note	2026 £	2025 £
Trade debtors		-	(622)
Amounts owed by related parties	9	503,843	503,843
Prepayments		4,477	5,389
Other debtors		8,000	-
		516,320	508,610

Bridgelease ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	4,941	3,339
Accruals and deferred income	1,250	1,380
Other creditors	130,851	145,841
	137,042	150,560

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

8

Dividends

9	Related party transactions

Transactions with the director

2026	At 1 March 2025 £	Advances to director £	At 28 February 2026 £
Mr Cris Boyce
Director loan	(133,726)	108,080	(25,646)

2025	At 1 March 2024 £	Advances to director £	Repayments by director £	At 28 February 2025 £
Mr Cris Boyce
Director loan	(169,874)	36,295	(147)	(133,726)