Company Registration No. 03929711 (England and Wales)
Bridge Wharf Limited
Unaudited accounts
for the year ended 28 February 2017
Bridge Wharf Limited
Unaudited accounts
Contents
Bridge Wharf Limited
Company Information
for the year ended 28 February 2017
Directors
Nicholas Heyes
Andrew Smythe
Company Number
03929711 (England and Wales)
Registered Office
PRIORY COURT 83 PRIORY ROAD
LOWER COMPTON
PLYMOUTH
DEVON
PL3 5ER
Accountants
PBS Accounting
Falcon Business Centre
Eagle Road, Plympton
Plymouth
Devon
PL7 5JY
Bridge Wharf Limited
Statement of financial position
as at
28 February 2017
Tangible assets
469,847
469,847
Cash at bank and in hand
56
56
Creditors: amounts falling due within one year
(80,307)
(74,185)
Net current liabilities
(77,870)
(73,303)
Total assets less current liabilities
391,977
406,544
Creditors: amounts falling due after more than one year
(269,057)
(283,615)
Net assets
122,920
122,929
Called up share capital
2,000
2,000
Profit and loss account
120,920
120,929
Shareholders' funds
122,920
122,929
For the year ending 28 February 2017 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 directors acknowledge their 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.
Approved by the Board on 10 July 2017.
Andrew Smythe
Director
Company Registration No. 03929711
Bridge Wharf Limited
Notes to the Accounts
for the year ended 28 February 2017
Bridge Wharf Limited is a private company, limited by shares, registered in England and Wales, registration number 03929711. The principal place of business is Bridge Wharf, 156/156a Caledonian Road, London, N1 9UU.
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.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015
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.
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:
Investments in shares are included at fair value.
The Directors have a reasonable expectation that the company has adequate resources for the future. Accordingly they continue to adopt the going concern basis in preparing the annual reports and accounts.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Bridge Wharf Limited
Notes to the Accounts
for the year ended 28 February 2017
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 28 February 2017
469,847
At 28 February 2017
469,847
At 29 February 2016
469,847
5
Investments
Other investments
Valuation at 1 March 2016
10,000
Valuation at 28 February 2017
-
Disposal of shares in investment company made during the year for nil consideration
Accrued income and prepayments
619
-
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
10,892
15,280
Trade creditors
1,113
2,497
Loans from directors
67,097
56,408
Bridge Wharf Limited
Notes to the Accounts
for the year ended 28 February 2017
8
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
266,559
280,918
Taxes and social security
2,498
2,697
Aggregate of amounts that fall due for payment after five years
142,349
161,191
Commercial Mortage secured on the property
9
Share capital
2017
2016
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).