1 March 2022 false No description of principal activity Taxfiler 2023.10 11663531business:CompanyLimitedByGuarantee2022-03-012023-02-28 116635312022-02-28 116635312022-03-012023-02-28 11663531business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 11663531business:AbridgedAccounts2022-03-012023-02-28 116635312023-02-28 11663531business:Director12022-03-012023-02-28 11663531business:Director22022-03-012023-02-28 11663531business:Director32022-03-012023-02-28 11663531business:Director42022-03-012023-02-28 11663531business:Director52022-03-012023-02-28 11663531business:Director72022-03-012023-02-28 11663531business:Director82022-03-012023-02-28 11663531business:Director92022-03-012023-02-28 11663531business:Director112022-03-012023-02-28 11663531business:RegisteredOffice2022-03-012023-02-28 116635312022-02-28 11663531core:WithinOneYear2023-02-28 11663531core:WithinOneYear2022-02-28 11663531core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-02-28 11663531core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2022-02-28 11663531core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11663531core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 11663531core:PreviouslyStatedAmount2023-02-28 11663531core:PreviouslyStatedAmount2022-02-28 11663531business:SmallEntities2022-03-012023-02-28 11663531countries:EnglandWales2022-03-012023-02-28 11663531core:ComputerEquipment2022-03-012023-02-28 116635312021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11663531 (England and Wales)
Discover Twickenham BID Limited Unaudited accounts for the year ended 28 February 2023
Discover Twickenham BID Limited Unaudited accounts Contents
Page
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Discover Twickenham BID Limited Company Information for the year ended 28 February 2023
Directors
Kevin Stuart Jones Dr Antimos Ouzounoglou Stuart Sandys Maja Klaudia Lubkowska Ricardo Stanley Garcia Fiona Oakley Marie Sandrine Singh Philip Rodney Giesler William Vickery Alexander
Company Number
11663531 (England and Wales)
Registered Office
16 West Barnes Lane London SW20 0BU
Accountants
Business Clan Ltd 16 West Barnes Lane West Wimbledon London SW20 0BU
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Discover Twickenham BID Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,291 
595 
Current assets
Debtors
4,187 
22,719 
Cash at bank and in hand
113,884 
44,388 
118,071 
67,107 
Creditors: amounts falling due within one year
(30,107)
(19,274)
Net current assets
87,964 
47,833 
Net assets
89,255 
48,428 
Reserves
Fair value reserve
33,000 
33,000 
Profit and loss account
56,255 
15,428 
Members' funds
89,255 
48,428 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Kevin Stuart Jones Director Company Registration No. 11663531
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Discover Twickenham BID Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Discover Twickenham BID Limited is a private company, limited by guarantee, registered in England and Wales, registration number 11663531. The registered office is 16 West Barnes Lane, London, SW20 0BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33%
Reserves
Included in total reserves is a reserve ring-fenced for the BID renewal process which takes place every 3 years. For the purposes of these accounts the BID Renewal Reserve is called the Fair Value Reserve and stands at £33,000. A transfer is made each year from the surplus on the income and expenditure account to the BID renewal reserve. This is done to ensure sufficient funds are available to facilitate the BID renewal process at the end of the current BID term. In the year to 28 February 2023 £11,000 was paid towards the BID renewal process and the BID Renewal Reserve was topped up to £33,000.
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Discover Twickenham BID Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2022
738 
Additions
940 
At 28 February 2023
1,678 
Depreciation
At 1 March 2022
143 
Charge for the year
244 
At 28 February 2023
387 
Net book value
At 28 February 2023
1,291 
At 28 February 2022
595 
5
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
6
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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