Company Registration No. 12507756 (England and Wales)
BRIDGECOURT PROPERTIES (YORKSHIRE) LTD
Unaudited accounts
for the year ended 31 March 2023
BRIDGECOURT PROPERTIES (YORKSHIRE) LTD
Unaudited accounts
Contents
BRIDGECOURT PROPERTIES (YORKSHIRE) LTD
Company Information
for the year ended 31 March 2023
Company Number
12507756 (England and Wales)
Registered Office
21 HYDE PARK ROAD
LEEDS
LS6 1PY
ENGLAND
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
BRIDGECOURT PROPERTIES (YORKSHIRE) LTD
Statement of financial position
as at 31 March 2023
Tangible assets
3,921,685
3,921,685
Cash at bank and in hand
84,605
8,155
Creditors: amounts falling due within one year
(199,206)
(10,252)
Net current assets/(liabilities)
33,499
(1,997)
Total assets less current liabilities
3,955,184
3,919,688
Creditors: amounts falling due after more than one year
(1,458,503)
(1,478,480)
Net assets
2,496,681
2,441,208
Called up share capital
100
100
Share premium
2,399,449
2,399,449
Profit and loss account
97,132
41,659
Shareholders' funds
2,496,681
2,441,208
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 January 2024 and were signed on its behalf by
Mohammed ISMAIL
Director
Company Registration No. 12507756
BRIDGECOURT PROPERTIES (YORKSHIRE) LTD
Notes to the Accounts
for the year ended 31 March 2023
BRIDGECOURT PROPERTIES (YORKSHIRE) LTD is a private company, limited by shares, registered in England and Wales, registration number 12507756. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at fair value.
BRIDGECOURT PROPERTIES (YORKSHIRE) LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
At 31 March 2023
3,921,685
At 31 March 2023
3,921,685
At 31 March 2022
3,921,685
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
13,012
9,892
Loans from directors
17,000
-
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,458,503
1,478,480
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
