Bridgewater Property Investment Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12498518 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 4 MARCH 2020 TO 31 MARCH 2021

FOR

BRIDGEWATER PROPERTY INVESTMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

W J Johnstone

REGISTERED OFFICE:

375 Eaton Road

West Derby

Liverpool

Merseyside

L12 2AH

REGISTERED NUMBER:

12498518 (England and Wales)

ACCOUNTANTS:

John Kerr - Chartered Accountants

375 Eaton Road

West Derby

Liverpool

Merseyside

L12 2AH

FIXED ASSETS

Tangible assets

4

780

Investment property

5

87,862

88,642

CURRENT ASSETS

Debtors

6

2,137

Cash at bank

164,239

166,376

CREDITORS

Amounts falling due within one year

7

262,636

NET CURRENT LIABILITIES

(96,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,618

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(7,718

)

(7,618

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 December 2021 and were signed by:

W J Johnstone - Director

1.	STATUTORY INFORMATION

Bridgewater Property Investment 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 - going concern

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.

The company meets its day to day working capital requirements through interest free loans provided by the director.

On the basis of the director monitoring the ongoing cash flow information and the intention of the director to continue to provide ongoing financial support to the company, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the financing facilities by the director.

Tangible fixed assets

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

Equipment

-

20% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property

Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

3.

EMPLOYEES

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

Additions

975

At 31 March 2021

975

DEPRECIATION

Charge for period

195

At 31 March 2021

195

NET BOOK VALUE

At 31 March 2021

780

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

87,862

At 31 March 2021

87,862

NET BOOK VALUE

At 31 March 2021

87,862

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

2,137

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

262,636