Company registration number 12422407 (England and Wales)
BETWEEN THE BRIDGES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022
PAGES FOR FILING WITH REGISTRAR
BETWEEN THE BRIDGES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BETWEEN THE BRIDGES LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2022
28 February 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
4
26,476
49,426
Cash at bank and in hand
165,621
359
192,097
49,785
Creditors: amounts falling due within one year
5
(1,031,424)
(8,000)
Net current (liabilities)/assets
(839,327)
41,785
Creditors: amounts falling due after more than one year
6
(42,647)
(42,500)
Net liabilities
(881,974)
(715)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(882,074)
(815)
Total equity
(881,974)
(715)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 February 2023 and are signed on its behalf by:
Mr A Brooke
Director
Company Registration No. 12422407
BETWEEN THE BRIDGES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022
- 2 -
1
Accounting policies
Company information
Between The Bridges Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Lower Ground,
04 Edinburgh House,
154 - 182 Kennington Lane
,
London
,
SE11 5DP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for the operation of temporary licensed bars, ATM transactions,
sponsorship and management charges in the UK, all net of VAT and trade discounts.
1.3
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company only has financial instruments which are classified as basic financial instruments.
Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are
recognised in profit and loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
BETWEEN THE BRIDGES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2022
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
3
3
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
54
Other debtors
26,422
49,426
26,476
49,426
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
6,373
7,500
Trade creditors
467,761
Other creditors
557,290
500
1,031,424
8,000
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
42,647
42,500