Bridging Loans Ltd in Glasgow, G1 2LW

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www.bridgingloansltd.co.uk

Description

Data updated on: 01-11-2023

1975 signifies the establishment of Bridging Loans Ltd, the firm which is located at C/o D M Mcnaught & Co Ltd Chartered Accountants, 166 Buchanan Street, Glasgow. That would make 49 years Bridging Loans has existed in the business, as it was created on 1975-09-04. The firm reg. no. is SC058511 and its zip code is G1 2LW. The company known today as Bridging Loans Ltd, was previously listed under the name of Emriclands (investments). The change has taken place in 2007-08-22. This enterprise's SIC code is 64922 which stands for Activities of mortgage finance companies. June 30, 2022 is the last time company accounts were filed.

The information related to the following firm's MDs suggests that there are five directors: Dorothy F., David L., Miriam C. and 2 other directors who might be found below who became members of the Management Board on 2011-10-11, 2009-05-07 and 1998-06-29. To help the directors in their tasks, this particular company has been using the skills of David L. as a secretary for the last 13 years.

Previous company's names
Bridging Loans Ltd 2007-08-22
Emriclands (investments) Limited 1975-09-04

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-07-31	2012-07-31	2016-06-30	2017-06-30	2018-06-30	2019-06-30	2020-06-30	2021-06-30	2022-06-30	2023-03-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	5 928 501	6 616 381

Balance Sheet
Cash Bank On Hand			777 389	8 632 169	1 200 081	6 023 503	13 167 327	16 087 245	15 504 078	19 580 796
Current Assets			20 559 445	17 946 138	18 703 205	20 700 127	21 640 321	22 350 882	23 188 711	23 530 942
Debtors	14 375 714	13 526 796	19 782 056	9 313 969	17 503 124	14 676 624	8 472 994	6 263 637	7 684 633	3 950 146
Net Assets Liabilities			12 481 995	14 673 034	16 301 114	18 929 669	21 034 382	21 897 879	22 677 280	23 028 019
Net Assets Liabilities Including Pension Asset Liability	5 928 501	6 616 381
Other Debtors			312 920	1 052 084	7 525 147	10 517 369	4 668 989	647 359	310 863	413 900
Property Plant Equipment			64 796	61 950	59 405	57 094	54 968	52 987	51 119	49 787
Tangible Fixed Assets	72 641	74 529

Capital & Reserves
Called Up Share Capital	1 000	1 000
Profit Loss Account Reserve	5 857 941	6 545 821
Shareholder Funds	5 928 501	6 616 381

Other Financial Data
Audit Fees Expenses	4 250	4 380
Taxation Services Fees	18 468	12 488
Accumulated Depreciation Impairment Property Plant Equipment			30 334	33 180	35 725	38 036	40 162	42 143	44 011	45 343
Administrative Expenses	1 166 395	1 439 050
Average Number Employees During Period				11	11	13	13	12	12	11
Bank Borrowings			200 000	400 000	1 000 000	1 000 000
Bank Borrowings Overdrafts	4 705 083	3 296 672	949 678	400 000	1 000 000	1 000 000
Bank Overdrafts	4 705 083	3 296 672	749 678
Bank Overdrafts Secured	4 705 083	3 296 672
Corporation Tax Due Within One Year	201 587	232 694
Creditors			8 426 749	3 834 692	2 961 134	2 327 190	1 160 545	1 005 628	1 062 188	943 649
Creditors Due Within One Year	8 768 784	7 283 259
Debtors Due Within One Year	14 153 998	13 321 792
Decrease Increase In Net Debt During Period	1 706 785	1 408 411
Decrease Increase In Net Debt Resulting From Cash Flows	1 706 785	1 408 411
Depreciation Tangible Fixed Assets Expense	2 855	4 026
Effective Current Tax Rate	28	26
Fixed Assets	370 956	372 844	363 211	617 050	614 505	612 194	610 068	608 087	606 219	494 787
Increase Decrease In Net Cash For Period	1 706 785	1 408 411
Increase From Depreciation Charge For Year Property Plant Equipment				2 846	2 545	2 311	2 126	1 981	1 868	1 332
Interest Payable Similar Charges	150 048	169 815
Investment Property			298 315	555 000	555 000	555 000	555 000	555 000	555 000	445 000
Investment Property Fair Value Model			298 315	555 000	555 000	555 000	555 000	555 000	555 000	445 000
Investments Fixed Assets			100	100	100	100	100	100	100
Investments In Group Undertakings			100	100	100	100	100	100	100	-100
Net Current Assets Liabilities	5 606 930	6 243 537	12 132 696	14 111 446	15 742 071	18 372 937	20 479 776	21 345 254	22 126 523	22 587 293
Net Debt Funds	4 705 083	3 296 672
Net Increase Decrease In Shareholders Funds	516 591	687 880
Number Shares Allotted		1 000
Operating Profit Loss	879 708	1 090 389
Other Creditors			7 192 594	3 180 647	1 812 112	885 057	810 208	892 415	856 157	849 398
Other Creditors Due Within One Year	1 684 707	1 884 707
Other Operating Income	410 780	61 585
Other Taxation Social Security Payable			284 477	254 045	149 022	442 133	350 337	113 213	206 031	94 251
Other Taxation Social Security Within One Year	24 082
Par Value Share		1
Pension Costs	12 140	12 140
Profit Loss For Period	516 591	687 880
Profit Loss On Ordinary Activities Before Tax	729 660	920 574
Property Plant Equipment Gross Cost			95 130	95 130	95 130	95 130	95 130	95 130	95 130
Provisions For Liabilities Balance Sheet Subtotal			13 912	55 462	55 462	55 462	55 462	55 462	55 462	54 061
Provisions For Liabilities Charges	49 385
Revaluation Reserve	69 560	69 560
Share Capital Allotted Called Up Paid	1 000	1 000
Staff Costs	229 229	277 285
Tangible Fixed Assets Additions		5 914
Tangible Fixed Assets Cost Or Valuation	84 582	90 496
Tangible Fixed Assets Depreciation	11 941	15 967
Tangible Fixed Assets Depreciation Charged In Period		4 026
Taxation Expense Credit	210 214	201 587
Tax On Profit Or Loss On Ordinary Activities	213 069	232 694
Total Assets Less Current Liabilities	5 977 886	6 616 381	12 495 907	14 728 496	16 356 576	18 985 131	21 089 844	21 953 341	22 732 742	23 082 080
Total Borrowings			949 678	400 000
Total Reserves	5 927 501	6 615 381
Trade Debtors Trade Receivables			19 469 136	8 261 885	9 977 977	4 159 255	3 804 005	5 616 278	7 373 770	3 536 246
Turnover Gross Operating Revenue	1 635 323	2 467 854
U K Current Corporation Tax	219 634	232 694
Wages Salaries	217 089	265 145
Director Remuneration	105 134	140 452