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Registration number: 08489223

North Bridge Funding Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

North Bridge Funding Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 9

North Bridge Funding Ltd

Company Information

Director | A M Alibhai

Company secretary | S Alibhai

Registered office | C/o Kishens Limited 13 Montpelier Avenue Bexley Kent England DA5 3AP

Accountants | Kishens Limited Chartered Accountants13 Montpelier Avenue Bexley Kent DA5 3AP

North Bridge Funding Ltd

(Registration number: 08489223)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed Assets |  |  |
Tangible Assets | 5 | 50,378 | 67,172
Investments | 6 | 66,667 | 66,667
|  | 117,045 | 133,839
Current assets |  |  |
Debtors |  | 18,470,176 | 18,180,728
Cash at bank and in hand |  | 5,948 | 31,941
|  | 18,476,124 | 18,212,669
Creditors: Amounts falling due within one year |  | (17,794,597) | (17,585,754)
Net current assets |  | 681,527 | 626,915
Total assets less current liabilities |  | 798,572 | 760,754
Creditors: Amounts falling due after more than one year |  | (23,148) | (27,694)
Provisions for liabilities |  | - | (740)
Accruals and deferred income |  | (10,600) | (4,600)
Net assets |  | 764,824 | 727,720
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 764,724 | 727,620
Shareholders' funds |  | 764,824 | 727,720

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

North Bridge Funding Ltd

(Registration number: 08489223)
Abridged Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 June 2026

......................................... A M Alibhai Director

North Bridge Funding Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/o Kishens Limited
13 Montpelier Avenue
Bexley
Kent
DA5 3AP
England

These financial statements were authorised for issue by the director on 26 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

North Bridge Funding Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fittings fixtures and equipment | 25% reducing balance
Motor Vehicle - Electric car | 25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

North Bridge Funding Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Asset class | Amortisation method and rate
Website Cost | Fully amortised

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

North Bridge Funding Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 5).

North Bridge Funding Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 3,072
At 31 March 2025 | 3,072
Amortisation
At 1 April 2024 | 3,072
At 31 March 2025 | 3,072
Carrying amount
At 31 March 2025 | -

5 | Tangible Assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 6,512 | 130,500 | 137,012
At 31 March 2025 | 6,512 | 130,500 | 137,012
Depreciation
At 1 April 2024 | 4,132 | 65,708 | 69,840
Charge for the year | 596 | 16,198 | 16,794
At 31 March 2025 | 4,728 | 81,906 | 86,634
Carrying amount
At 31 March 2025 | 1,784 | 48,594 | 50,378
At 31 March 2024 | 2,380 | 64,792 | 67,172

6 | Investments

North Bridge Funding Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

| Total £
Cost or valuation
At 1 April 2024 | 66,667
Provision
Carrying amount
At 31 March 2025 | 66,667
At 31 March 2024 | 66,667

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Related party transactions

Transactions with the director

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | - | 11,523

9 | Parent and ultimate parent undertaking

The ultimate controlling party is the director A M Alibhai.