Silverfin false 31/12/2021 31/12/2021 01/01/2021 Helen Brenton 24/02/2021 30/11/2017 Martin Brook 01/01/2017 Pippa Craddock 01/01/2017 Richard Cuming 01/01/2017 Carolyn Custerson 01/12/2016 Claire Flower 01/01/2017 Jason Garside 28/11/2019 Timothy Godfrey 01/12/2016 Christopher Hart 01/01/2017 Simon Jolly 30/11/2017 Kevin Mowat 01/01/2017 Anthony Payne-Neale 21/02/2019 Kelly Widley 30/11/2017 28 July 2022 The principal activity of the Company during the financial year was that of marketing the English Riviera and managing and delivering the English Riviera Visitor Information Services. 10237792 2021-12-31 10237792 bus:Director1 2021-12-31 10237792 bus:Director2 2021-12-31 10237792 bus:Director3 2021-12-31 10237792 bus:Director4 2021-12-31 10237792 bus:Director5 2021-12-31 10237792 bus:Director6 2021-12-31 10237792 bus:Director7 2021-12-31 10237792 bus:Director8 2021-12-31 10237792 bus:Director9 2021-12-31 10237792 bus:Director10 2021-12-31 10237792 bus:Director11 2021-12-31 10237792 bus:Director12 2021-12-31 10237792 bus:Director13 2021-12-31 10237792 2020-12-31 10237792 core:CurrentFinancialInstruments 2021-12-31 10237792 core:CurrentFinancialInstruments 2020-12-31 10237792 core:RetainedEarningsAccumulatedLosses 2021-12-31 10237792 core:RetainedEarningsAccumulatedLosses 2020-12-31 10237792 core:OfficeEquipment 2020-12-31 10237792 core:OfficeEquipment 2021-12-31 10237792 core:WithinOneYear 2021-12-31 10237792 core:WithinOneYear 2020-12-31 10237792 core:BetweenOneFiveYears 2021-12-31 10237792 core:BetweenOneFiveYears 2020-12-31 10237792 2021-01-01 2021-12-31 10237792 bus:FullAccounts 2021-01-01 2021-12-31 10237792 bus:SmallEntities 2021-01-01 2021-12-31 10237792 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 10237792 bus:CompanyLimitedByGuarantee 2021-01-01 2021-12-31 10237792 bus:Director1 2021-01-01 2021-12-31 10237792 bus:Director2 2021-01-01 2021-12-31 10237792 bus:Director3 2021-01-01 2021-12-31 10237792 bus:Director4 2021-01-01 2021-12-31 10237792 bus:Director5 2021-01-01 2021-12-31 10237792 bus:Director6 2021-01-01 2021-12-31 10237792 bus:Director7 2021-01-01 2021-12-31 10237792 bus:Director8 2021-01-01 2021-12-31 10237792 bus:Director9 2021-01-01 2021-12-31 10237792 bus:Director10 2021-01-01 2021-12-31 10237792 bus:Director11 2021-01-01 2021-12-31 10237792 bus:Director12 2021-01-01 2021-12-31 10237792 bus:Director13 2021-01-01 2021-12-31 10237792 core:OfficeEquipment core:TopRangeValue 2021-01-01 2021-12-31 10237792 2020-01-01 2020-12-31 10237792 core:OfficeEquipment 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Company No: 10237792 (England and Wales)

ENGLISH RIVIERA BID COMPANY LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

ENGLISH RIVIERA BID COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

ENGLISH RIVIERA BID COMPANY LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2021
ENGLISH RIVIERA BID COMPANY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTORS Martin Brook
Pippa Craddock
Richard Cuming
Carolyn Custerson
Claire Flower
Jason Garside
Timothy Godfrey
Christopher Hart
Simon Jolly
Kevin Mowat
Anthony Payne-Neale
Kelly Widley
REGISTERED OFFICE 5 Vaughan Parade
Torquay
Devon
England
TQ2 5JG
United Kingdom
COMPANY NUMBER 10237792 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
Century House
Nicholson Road
Torquay
TQ2 7TD
ENGLISH RIVIERA BID COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2021
ENGLISH RIVIERA BID COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 3,948 5,065
3,948 5,065
Current assets
Debtors 4 120,938 9,571
Cash at bank and in hand 137,092 264,336
258,030 273,907
Creditors
Amounts falling due within one year 5 ( 190,622) ( 105,716)
Net current assets 67,408 168,191
Total assets less current liabilities 71,356 173,256
Net assets 71,356 173,256
Reserves
Profit and loss account 71,356 173,256
Total reserves 71,356 173,256

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of English Riviera Bid Company Limited (registered number: 10237792) were approved and authorised for issue by the Board of Directors on 28 July 2022. They were signed on its behalf by:

Timothy Godfrey
Director
ENGLISH RIVIERA BID COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
ENGLISH RIVIERA BID COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

English Riviera Bid Company Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales (Company Number 10237792). The address of the Company's registered office is 5 Vaughan Parade, Torquay, Devon, England, TQ2 5JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2021 6,986 6,986
Additions 337 337
At 31 December 2021 7,323 7,323
Accumulated depreciation
At 01 January 2021 1,921 1,921
Charge for the financial year 1,454 1,454
At 31 December 2021 3,375 3,375
Net book value
At 31 December 2021 3,948 3,948
At 31 December 2020 5,065 5,065

4. Debtors

2021 2020
£ £
Trade debtors 237 237
Prepayments 100,253 9,293
VAT recoverable 20,422 0
Other debtors 26 41
120,938 9,571

5. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 153,151 17,569
Other creditors 90 2,109
Accruals 34,384 16,461
Other taxation and social security 2,997 69,577
190,622 105,716

6. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2021 2020
£ £
- within one year 1,654 376
- between one and five years 0 84
1,654 460

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

7. Company Status

The company is a private company limited by guarantee 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.