Bridge View SH LL10 Limited - Period Ending 2021-02-28

Bridge View SH LL10 Limited
(Registration number: 11497941)

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Bridge View SH LL10 Limited
(Registration number: 11497941)

Company Information

Director

Miss A E Fulner

Company secretary

Investment Land Limited

Registered office

28 Alexandra Terrace Exmouth Devon EX8 1BD

Accountants

Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Bridge View SH LL10 Limited
(Registration number: 11497941)

Balance Sheet as at 28 February 2021

	Note	2021 £	2019 £
Current assets
Stocks	4	193,146	193,146
Debtors	5	589	589
		193,735	193,735
Creditors: Amounts falling due within one year	6	(69,183)	(69,183)
Total assets less current liabilities		124,552	124,552
Creditors: Amounts falling due after more than one year	6	(125,000)	(125,000)
Net liabilities		(448)	(448)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(450)	(450)
Total equity		(448)	(448)

For the financial period ending 28 February 2021 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 period in question in accordance with section 476; and
•	The director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 November 2021
 

.........................................

Miss A E Fulner
Director

Bridge View SH LL10 Limited
(Registration number: 11497941)

Notes to the Unaudited Financial Statements for the Period from 1 September 2019 to 28 February 2021

1	General information

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

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The directors have considered the impact of COVID-19 and do not consider it to have a material impact on the balances included within the financial statements.

In addition, the Directors do not consider it to cast any significant doubt upon the company's ability to continue to trade as a going concern.

The directors have taken both reactive and proactive measures in order to mitigate any risks associated with COVID-19 including managing cash flow to ensure that debts can be paid when they fall due, managing staffing levels and monitoring key customer and supplier activity.

The directors have implemented a robust system of procedures and controls in order to deal with any associated risks.
 

Going concern

The director acknowledges the negative reserves at the balance sheet date and have pledged to continue to support the company so that it can meet its obligations as they arise. Therefore the financial statements have been prepared on a going concern basis.

Bridge View SH LL10 Limited
(Registration number: 11497941)

Notes to the Unaudited Financial Statements for the Period from 1 September 2019 to 28 February 2021

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

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 period, was 1 (2019 - 1).

4

Stocks

	2021 £	2019 £
Other stocks	193,146	193,146

Bridge View SH LL10 Limited
(Registration number: 11497941)

Notes to the Unaudited Financial Statements for the Period from 1 September 2019 to 28 February 2021

5

Debtors

	Note	2021 £	2019 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		2	2
Other debtors		587	587
Total current trade and other debtors		589	589

6

Creditors

	Note	2021 £	2019 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		68,716	68,716
Other creditors		17	17
Accrued expenses		450	450
		69,183	69,183

	2021 £	2019 £
Due after one year
Other non-current financial liabilities	125,000	125,000