Company registration number 01792109 (England and Wales)
BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 12
BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
73,302
39,337
Tangible assets
5
862,915
870,922
Investments
6
1
1
936,218
910,260
Current assets
Debtors falling due after more than one year
7
5,095,806
4,255,131
Debtors falling due within one year
7
2,262,938
2,619,320
Cash at bank and in hand
3,487,779
3,337,767
10,846,523
10,212,218
Creditors: amounts falling due within one year
8
(527,438)
(892,313)
Net current assets
10,319,085
9,319,905
Total assets less current liabilities
11,255,303
10,230,165
Creditors: amounts falling due after more than one year
9
(1,766,389)
(2,146,167)
Net assets
9,488,914
8,083,998
Capital and reserves
Other reserves
8,691,066
7,247,848
Profit and loss reserves
797,848
836,150
9,488,914
8,083,998

The directors of the company have elected not to include a copy of the Director's Report and the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 June 2023 and are signed on its behalf by:
Mr S A Waud
Director
Company Registration No. 01792109
BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
Funding reserve
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2021
6,188,781
797,486
6,986,267
Year ended 31 March 2022:
Profit and total comprehensive income for the year
-
38,664
38,664
Transfers
1,244,298
-
0
1,244,298
Other movements
(185,231)
-
(185,231)
Balance at 31 March 2022
7,247,848
836,150
8,083,998
Year ended 31 March 2023:
Profit and total comprehensive income for the year
-
18,213
18,213
Grant receipts
1,503,945
-
0
1,503,945
Transfers
56,515
(56,515)
-
Other movements
(117,242)
-
(117,242)
Balance at 31 March 2023
8,691,066
797,848
9,488,914
The other movement included within funding reserve relates to equity accounting for impaired debts on the funding reserve, as described more fully in note 1.14.
BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Business & Enterprise Finance Limited is a private company limited by guarantee incorporated in England and Wales. The registered office City Hub, 9-11 Peckover Street, Little Germany, Bradford, BD1 5BD. The company is a single member company limited by guarantee, the liability of the member is £1.

1.1
Accounting convention

These financial statements have been prepared in accordance with The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

The financial statements of the company are consolidated in the financial statements of West and North Yorkshire Chamber of Commerce and Industry. These consolidated financial statements are available from its registered office, Devere House, Vicar Lane, Little Germany, Bradford BD1 5AH.

The company has taken advantage of the disclosure exemptions of Section 33.1A of FRS 102 which permit it to not present details of its transactions with members of the group, on the grounds that those entities are related by virtue having the same control as defined by 33.11(b).

1.2
Going concern

The executive team is regularly monitoring the financial position of the company and the wider economic environment. There is a heightened risk of bad debts as a result of current economic pressure, however, the company benefits from guarantees on loans advanced through both the Enterprise Finance Guarantee Scheme (“EFGS”), a Government scheme which effectively underwrites 75% of loans, the Coronavirus Business Interruption Loan Scheme ("CBILS"), a Government scheme which effectively underwrites 80% of loans, and the Recovery Loan Scheme (RLS 1,2 & 3) operating on an 80%, 70%, and 70% cap respectively. The company has continued to review and update its bad debt provisioning to ensure there is an appropriate provision in existence for loans in default or at risk of default. true

The company continues to be profitable and budgets and cash flow projections indicate continued profitability and positive cash flows. The company’s capital is provided through both public and commercial sources and a significant proportion of loans are guaranteed by Government under EFGS, CBILS and RLS and will continue to be so for the next financial period.

Given the above, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and not less than one year from the date of approval.

1.3
Turnover

Income represents contract income, rental income and earned interest and fees chargeable in respect of the provision of loan finance to customers. All turnover is shown net of VAT.

 

Contract income is accrued when the underlying conditions of the contract are met and income is deemed to be receivable.

 

Rental income is included within the financial statements as it becomes receivable.

 

Income from interest and fees is calculated in line with the underlying agreement and recognised on an accruals basis.

BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
20% - 33% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
50 years
Fixtures and fittings
20% - 100% straight line

Whilst rental income is earned from the City Hub property, it has been classified as a tangible fixed asset, rather than an investment property, as the primary purpose of the property, which is subject to restrictions on use, is to offer affordable office space for the benefit of local businesses and their development and growth, which is closely linked with the primary trade of this company.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
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 current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 6 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 7 -
1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Government grants

Government grants received for the purpose of providing loans in accordance with the company's principal activity are either credited to a deferral account or included within other loans and released to a Funding Reserve upon the fulfilment of various conditions relating to the grant.

 

Grants of a revenue nature are credited to income in the period in which the associated expenditure is incurred.

BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 8 -
1.14

Other reserves - Funding reserve

Funding provided under Government/EU backed business support initiatives for the purpose of providing loans to individuals and businesses who would otherwise be excluded from mainstream finance is credited to the balance sheet according to conditions attaching to the funding. Where funding has long term restrictions in its use and the probability of clawback by the funder is considered remote it is credited to a funding reserve, otherwise funding is credited to a deferred income account within other loans.

 

Where loans have been made using this funding any losses arising are charged to the funding reserve or deferred income account as appropriate.

 

In the prior year, the company received a capital distribution of ERDF legacy funds from The Partnership Investment Fund Limited. These funds were initially taken to deferred income but as they arose from Government/EU backed business support and are of a long term nature they have been taken to the funding reserve.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Provisioning against loan book recoverability

The company’s trade is the provision of finance to individuals and business who are largely unable to obtain finance from alternative sources. Consequently there is an increased risk of debts becoming irrecoverable. The company’s policy on loan receivables is to pursue all available methods to recover the balance outstanding. Once all methods have been exhausted, the balance is written off in full to the profit and loss account or taken to the funding reserve as detailed at note 1.14. A detailed layered review approach has been adopted for provisioning, considering payment profiles, security held (including government underwriting on certain loans), industry/sector information and financial information of the debtor. If at this stage there is no evidence of recoverability, the loan is provided to the extent it is unsecured.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
28
27
BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 9 -
4
Intangible fixed assets
Other
£
Cost
At 1 April 2022
86,098
Additions
54,910
At 31 March 2023
141,008
Amortisation and impairment
At 1 April 2022
46,761
Amortisation charged for the year
20,945
At 31 March 2023
67,706
Carrying amount
At 31 March 2023
73,302
At 31 March 2022
39,337
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2022
1,913,053
242,436
2,155,489
Additions
-
0
20,154
20,154
At 31 March 2023
1,913,053
262,590
2,175,643
Depreciation and impairment
At 1 April 2022
1,063,053
221,514
1,284,567
Depreciation charged in the year
17,000
11,161
28,161
At 31 March 2023
1,080,053
232,675
1,312,728
Carrying amount
At 31 March 2023
833,000
29,915
862,915
At 31 March 2022
850,000
20,922
870,922

Freehold land with an estimated cost of £180,705 (2022 - £180,705) is not depreciated.

 

Capital grants totaling  £1,310,703 (2022 - £1,310,703) were received historically in respect of the freehold property known as City Hub. Capital grants were initially recognised in deferred income and then fully released to the profit and loss account to match historical impairments in value to the underlying freehold property.

 

The grants remain conditional upon certain terms and conditions around the ongoing use and subsequent disposal of City Hub. Charges are held by the funders against the property in respect of these grants.

BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 10 -
6
Fixed asset investments
2023
2022
Notes
£
£
Investments
11
1
1
7
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,244
56,683
Amounts due from group undertakings
695,645
925,104
Other debtors
1,566,049
1,637,533
2,262,938
2,619,320
Amounts falling due after more than one year:
Amounts due from group undertakings
250,000
250,000
Other debtors
4,845,806
4,005,131
5,095,806
4,255,131
Total debtors
7,358,744
6,874,451

Other debtors include £6,083,805 (2022 - £5,402,997) of loans which are made on a commercial basis. These loans are recognised net of unearned interest on the basis that borrowers can repay their funding early, with no financial penalty being incurred.

 

The loans included within other debtors are net of a bad debt provision totalling £907,190 (2022 - £894,115 ).

8
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
242,500
534,445
Trade creditors
27,988
31,726
Amounts owed to group undertakings
92,714
205,577
Taxation and social security
1,526
1,750
Other creditors
162,710
118,815
527,438
892,313

Bank loans are secured as detailed in note 9.

BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 11 -
9
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,766,389
642,222
Other creditors
-
0
1,503,945
1,766,389
2,146,167

The company has three long term loan facilities as detailed below.

 

The first loan facility (RGF6) was new in the prior year and was for £460,000. At the balance sheet date, £408,888 (2022- £460,000) of this facility remained outstanding. Interest is charged at a rate of 3.5% above Bank of England base rate and repayments commenced December 2022 at £12,778 per month.

 

The second loan facility (RGF7) was new in the year and was for £856,000. At the balance sheet date, £600,000 this facility was outstanding. Interest is charged at a rate of 3.5% above Bank of England base rate and repayments commence November 2023 at £17,833 per month.

 

The third loan facility (PIF) was new in the year and was for £4,000,000 with £3,000,000 still available to be drawn down. At the balance sheet date, £1,000,000 this facility was outstanding. Interest is charged at a rate of 3.5% above Bank of England base rate and repayments commence February 2025 at £1,000,000 per annum.

 

In the prior year there were two additional loans of £366,667 (RGF4) and £350,000 (RGF5). These were both repaid in the year

 

The loans have been guaranteed by way of a debenture over the assets of the company .

10
Financial commitments, guarantees and contingent liabilities

The company is guarantor for up to £1 for its subsidiaries, Business & Enterprise Finance (NE) Limited, Goole Development Trust and BEF-NPIF GP Limited.

 

Additionally, the company is guarantor for borrowings held by BEF BSC Ltd, should BEF BSC Ltd default on its borrowing repayments. For a loan from CIFL totalling £5,150,000 the company has provided a guarantee of 5% of the outstanding balance, this totalled £257,500. For a second loan from Unity there is a charge over the company's shares in BEF BSC Ltd, these were valued at £1 at the year end date. Neither of these loans are in default and no liability has been recognsied by the company for these guarantees.

11
Subsidiaries

Details of the company's subsidiaries at 31 March 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
BEF-FFE CIP LLP
England and Wales
Partner
50.00
Business & Enterprise Finance (NE) Limited
England and Wales
Company limited by guarantee
100.00
Goole Development Trust
England and Wales
Company limited by guarantee
100.00
BEF-NPIF GP Ltd
England and Wales
Company limited by guarantee
100.00
BEF BSC Ltd
England and Wales
Ordinary
100.00
BUSINESS & ENTERPRISE FINANCE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
11
Subsidiaries
(Continued)
- 12 -

All subsidiaries have the registered office address of City Hub, 9-11 Peckover Street, Little Germany, Bradford, BD1 5BD.

12
Associates

Details of the company's associates at 31 March 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
NPIF YHTV Microfinance LP
England and Wales
General Partner
50.00

The registered office address is City Hub, 9-11, Peckover Street, Little Germany, Bradford, BD1 5BD.

13
Parent company

By virtue of its single member guarantee the immediate and ultimate parent company is West and North Yorkshire Chamber of Commerce and Industry ("WNYCC"), a company registered in England and Wales, the registered office of which is Devere House, Vicar Lane, Little Germany, Bradford, BD1 5AH.

 

The financial statements of this company and its subsidiaries are consolidated into the financial statements of WNYCC. Copies of the group financial statements are available from WNYCC's registered office.

14
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Alan Sidebottom.
The auditor was Azets Audit Services Limited.
The audit report was signed on 19 June 2023
2023-03-312022-04-01false19 June 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityThis audit opinion is unqualifiedMr S A WaudMs Alexandra BeardsleyMr Timothy HamiltonMr Laurence BeardmoreMr James MasonMr S M JacksonMr M J LynchMr L R UnderwoodMr S J NicholsonMrs Sandra Needham017921092022-04-012023-03-31017921092023-03-31017921092022-03-3101792109core:IntangibleAssetsOtherThanGoodwill2023-03-3101792109core:IntangibleAssetsOtherThanGoodwill2022-03-3101792109core:LandBuildings2023-03-3101792109core:OtherPropertyPlantEquipment2023-03-3101792109core:LandBuildings2022-03-3101792109core:OtherPropertyPlantEquipment2022-03-3101792109core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3101792109core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-3101792109core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3101792109core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3101792109core:CurrentFinancialInstruments2023-03-3101792109core:CurrentFinancialInstruments2022-03-3101792109core:Non-currentFinancialInstruments2023-03-3101792109core:Non-currentFinancialInstruments2022-03-3101792109core:OtherMiscellaneousReserve2023-03-3101792109core:OtherMiscellaneousReserve2022-03-3101792109core:OtherMiscellaneousReserve2021-03-3101792109core:RetainedEarningsAccumulatedLosses2021-03-31017921092021-03-3101792109core:RetainedEarningsAccumulatedLosses2023-03-3101792109bus:Director12022-04-012023-03-31017921092021-04-012022-03-3101792109core:RetainedEarningsAccumulatedLosses2021-04-012022-03-3101792109core:RetainedEarningsAccumulatedLosses2022-04-012023-03-3101792109core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3101792109core:LandBuildingscore:OwnedOrFreeholdAssets2022-04-012023-03-3101792109core:FurnitureFittings2022-04-012023-03-3101792109core:IntangibleAssetsOtherThanGoodwill2022-03-3101792109core:LandBuildings2022-03-3101792109core:OtherPropertyPlantEquipment2022-03-31017921092022-03-3101792109core:LandBuildings2022-04-012023-03-3101792109core:OtherPropertyPlantEquipment2022-04-012023-03-3101792109core:Subsidiary12022-04-012023-03-3101792109core:Subsidiary22022-04-012023-03-3101792109core:Subsidiary32022-04-012023-03-3101792109core:Subsidiary42022-04-012023-03-3101792109core:Subsidiary52022-04-012023-03-3101792109core:Subsidiary112022-04-012023-03-3101792109core:Subsidiary222022-04-012023-03-3101792109core:Subsidiary332022-04-012023-03-3101792109core:Subsidiary442022-04-012023-03-3101792109core:Subsidiary552022-04-012023-03-3101792109core:Associate12022-04-012023-03-3101792109core:Associate112022-04-012023-03-3101792109bus:PrivateLimitedCompanyLtd2022-04-012023-03-3101792109bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3101792109bus:FRS1022022-04-012023-03-3101792109bus:Audited2022-04-012023-03-3101792109bus:Director22022-04-012023-03-3101792109bus:Director32022-04-012023-03-3101792109bus:Director42022-04-012023-03-3101792109bus:Director52022-04-012023-03-3101792109bus:Director62022-04-012023-03-3101792109bus:Director72022-04-012023-03-3101792109bus:Director82022-04-012023-03-3101792109bus:Director92022-04-012023-03-3101792109bus:Director102022-04-012023-03-3101792109bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP