Bridgegate Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11406091 (England and Wales)

BRIDGEGATE INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2020

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. R W Mason

Mr. J N Williams

REGISTERED OFFICE:

Unit 1, 91 Cathedral Road

Cardiff

CF11 9PG

REGISTERED NUMBER:

11406091 (England and Wales)

ACCOUNTANTS:

Carston Chartered Accountants

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

-

14,654

CURRENT ASSETS

Stocks

1,152,903

129,346

Debtors

5

1

7,535

Cash at bank

57,478

12,342

1,210,382

149,223

CREDITORS

Amounts falling due within one year

6

36,072

68,302

NET CURRENT ASSETS

1,174,310

80,921

TOTAL ASSETS LESS CURRENT LIABILITIES

1,174,310

95,575

CREDITORS

Amounts falling due after more than one year

7

1,182,377

106,470

NET LIABILITIES

(8,067

)

(10,895

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(8,069

)

(10,897

)

SHAREHOLDERS' FUNDS

(8,067

)

(10,895

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30th March 2021 and were signed on its behalf by:

Mr. R W Mason - Director

1.	STATUTORY INFORMATION

Bridgegate Investments 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st July 2019

19,539

Disposals

(19,539

)

At 30th June 2020

-

DEPRECIATION

At 1st July 2019

4,885

Eliminated on disposal

(4,885

)

At 30th June 2020

-

NET BOOK VALUE

At 30th June 2020

-

At 30th June 2019

14,654

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

1

7,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

10,648

-

Trade creditors

5,374

26,116

Taxation and social security

703

-

Other creditors

19,347

42,186

36,072

68,302

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

1,182,377

106,470

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary shares

£1

2

2

9.	RELATED PARTY DISCLOSURES

As at the year end Bridgegate Investments Limited owed PDM Property Holdings Limited £7,398 (2019 - £30,437), a company in which Mr. R W Mason has an interest.