REGISTERED NUMBER: 04266432 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

BRIDGE WORKS DEVELOPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S F O'Malley

T A Matthews

N H Dyson

SECRETARY:

T A Matthews

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH16RW

REGISTERED NUMBER:

04266432 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Investment property

4

2,500,000

2,500,000

CURRENT ASSETS

Debtors

5

195

13,616

Cash at bank

11,166

34,678

11,361

48,294

CREDITORS

Amounts falling due within one year

6

105,697

134,742

NET CURRENT LIABILITIES

(94,336

)

(86,448

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,405,664

2,413,552

CREDITORS

Amounts falling due after more than one year

7

(940

)

(10,940

)

PROVISIONS FOR LIABILITIES

(119,986

)

(119,986

)

NET ASSETS

2,284,738

2,282,626

CAPITAL AND RESERVES

Called up share capital

1,002

1,002

Capital redemption reserve

8

243,795

243,795

Fair value reserve

8

960,469

960,469

Retained earnings

8

1,079,472

1,077,360

SHAREHOLDERS' FUNDS

2,284,738

2,282,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 November 2025 and were signed on its behalf by:

T A Matthews - Director

1.	STATUTORY INFORMATION

Bridge Works Development Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable in respect of rentals and cost recoveries, excluding Value Added Tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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 balance sheet date.

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 year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

2,500,000

NET BOOK VALUE

At 31 August 2025

2,500,000

At 31 August 2024

2,500,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2006

304,264

Valuation in 2009

(186,667

)

Valuation in 2012

298,500

Valuation in 2022

788,167

Cost

1,295,736

2,500,000

If the investment property had not been revalued is would have been included at the following historical cost:

2025

2024

£

£

Cost

1,295,736

1,295,736

The directors consider the value of the investment property at the year end to be £2,500,000.

A provision has been made for deferred tax on gains on revaluing the property to its fair value. The total amount provided is £119,986.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

195

13,616

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

-

8,028

Taxation and social security

29,953

54,275

Other creditors

65,744

62,439

105,697

134,742

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

940

10,940

8.

RESERVES

Capital

Retained

redemption

Fair value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 September 2024

1,077,360

243,795

960,469

2,281,624

Profit for the year

92,112

-

-

92,112

Dividends

(90,000

)

-

-

(90,000

)

At 31 August 2025

1,079,472

243,795

960,469

2,283,736