Registration number:
BSE BIDCO (Events) Limited
(A company limited by guarantee)
for the Year Ended 31 March 2022
BSE BIDCO (Events) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
BSE BIDCO (Events) Limited
Company Information
Directors |
M Cordell W Bryant |
Registered office |
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Accountants |
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BSE BIDCO (Events) Limited
(Registration number: 10576203)
Balance Sheet as at 31 March 2022
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2021 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets/(liabilities) |
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Reserves |
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Surplus/(deficit) |
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For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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BSE BIDCO (Events) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The company's primary objective is to provide services for the general public, community or social benefit and where any equity is provided with a view to supporting the company's primary objectives rather than with a view to providing financial return to members.
The address of its registered office is:
These financial statements were authorised for issue by the
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 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 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 is mainly income arising from charges for attendance at events and other services made to non BID members is recognised in the period in which the event falls or in which the service is provided, and that income is held for use in delivering other services that fulfil the company's objectives.
Any surplus of income as charged but not spent in a period is to be carried forward with reserves to be spent in a future year to the extent it is anticipated that it will be required to meet budgeted spending plans.
Tax
There is no corporation tax liability for the year as the company is a non profit making organisation. Year end profits are held and used to fund future costs. Corporation tax is due on any investments income made by the company and no such income has arisen this year.
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.
BSE BIDCO (Events) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Trade debtors
Trade debtors are amounts due from customers for 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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
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2021 |
Trade debtors |
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Prepayments |
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BSE BIDCO (Events) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Creditors |
Creditors: amounts falling due within one year
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
Summary of transactions with other related parties
Both directors of BSE BIDCO (Events) Limited are also directors of BSE BIDCO Limited. During the year BSE BIDCO (Events) Limited repaid £2,618 of the money owing to BSE BIDCO Limited where BSE BIDCO Limited had previously paid invoices on behalf of and loaned money to BSE BIDCO (Events) Limited and also during the period the company charged BSE BIDCO LImited £58,007 for events income. As at 31 March 2022, there is a balance owing which amounts to £2,500 (2021 - £5,118). The loan is considered interest free and repayable on demand.