Company registration number SC253697
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BRIDGE INDUSTRIAL ESTATE LIMITED
CONTENTS
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BRIDGE INDUSTRIAL ESTATE LIMITED
The following reproduces the text of the Report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRIDGE INDUSTRIAL ESTATE LIMITED
FOR THE YEAR ENDED 31 MAY 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bridge Industrial Estate Limited for the year ended 31 May 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/technical-resources/
framework-for-the-preparation-of-accounts-revised-april-2010.
This report is made solely to the Board of Directors of Bridge Industrial Estate Limited, as a body, in accordance with the terms of our engagement letter dated
6 October 2008. Our work has been undertaken solely
to prepare for your approval the financial statements of Bridge Industrial Estate Limited and state those matters that we have agreed to state to the Board of Directors of Bridge Industrial Estate Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at
http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-april-2010
. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bridge Industrial Estate Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Bridge Industrial Estate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bridge Industrial Estate Limited. You consider that Bridge Industrial Estate Limited is exempt from the statutory audit requirement for the year.
We
have not been instructed to carry out an audit or review of the financial statements of Bridge Industrial Estate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Peasiehill Road
Arbroath
Angus
DD11 2NJ
Page 1
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BRIDGE INDUSTRIAL ESTATE LIMITED
REGISTERED NUMBER:
SC253697
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2016
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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BRIDGE INDUSTRIAL ESTATE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
1.
ACCOUNTING POLICIES
Page 3
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BRIDGE INDUSTRIAL ESTATE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
2.
FIXED ASSET INVESTMENTS
3.
CREDITORS:
Amounts falling due within one year
HSBC Bank Plc hold a first and only legal charge over the property and a floating charge over all the company assets. The company has guaranteed the obligations to the bank of the parent company Bolney Grange Industrial Estate Limited. The amount due under guarantee is £512,338, (2015 - £474,832).
4.
CREDITORS:
Amounts falling due after more than one year HSBC Bank Plc hold a first and only legal charge over the property and a floating charge over all the company assets. The company has guaranteed the obligations to the bank of the parent company Bolney Grange Industrial Estate Limited. The amount due under guarantee is £512,338, (2015 - £474,832).
5.
SHARE CAPITAL
6.
ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY
The ultimate parent company is Bolney Grange Industrial Estate Limited, a company registered in Scotland.
Page 4
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