BSE BIDCO (Events) Limited 10576203 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is arranging events in and around the town of Bury St Edmunds to increase footfall within the town centre thereby bringing an economic benefit to the local businesses. Digita Accounts Production Advanced 6.30.9574.0 true 10576203 2021-04-01 2022-03-31 10576203 2022-03-31 10576203 core:CurrentFinancialInstruments 2022-03-31 10576203 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10576203 bus:SmallEntities 2021-04-01 2022-03-31 10576203 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 10576203 bus:FullAccounts 2021-04-01 2022-03-31 10576203 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 10576203 bus:RegisteredOffice 2021-04-01 2022-03-31 10576203 bus:Director1 2021-04-01 2022-03-31 10576203 bus:Director2 2021-04-01 2022-03-31 10576203 bus:CompanyLimitedByGuarantee 2021-04-01 2022-03-31 10576203 countries:EnglandWales 2021-04-01 2022-03-31 10576203 2020-04-01 2021-03-31 10576203 2021-03-31 10576203 core:CurrentFinancialInstruments 2021-03-31 10576203 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 10576203

BSE BIDCO (Events) Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

BSE BIDCO (Events) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

BSE BIDCO (Events) Limited

Company Information

Directors

M Cordell

W Bryant

Registered office

2nd Floor
2 Woolhall Street
Bury St Edmunds
IP33 1LA

Accountants

Jacobs Allen Limited
59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

 

BSE BIDCO (Events) Limited

(Registration number: 10576203)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

3,944

9,244

Cash at bank and in hand

 

6,276

9,716

 

10,220

18,960

Creditors: Amounts falling due within one year

5

(10,220)

(18,960)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

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:

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 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 Board on 26 July 2022 and signed on its behalf by:
 

.........................................
M Cordell
Director

 

BSE BIDCO (Events) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

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:
2nd Floor
2 Woolhall Street
Bury St Edmunds
IP33 1LA

These financial statements were authorised for issue by the Board on 26 July 2022.

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 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Debtors

Current

2022
£

2021
£

Trade debtors

2,844

2,562

Prepayments

1,100

6,682

 

3,944

9,244

 

BSE BIDCO (Events) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

800

4,426

Taxation and social security

410

2,703

Accruals and deferred income

6,474

6,677

Other creditors

2,536

5,154

10,220

18,960

6

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.