Silverfin false 31/03/2023 01/04/2022 31/03/2023 Amanda Brown 13/02/2023 22/07/2021 Noel Gerard Byrne 31/03/2023 12/02/2020 Tolly Considine 20/09/2022 19/03/2019 Steven Patrick Cox 20/06/2019 Andy Drummond 28/08/2019 Steven Paul Elsom 28/08/2019 Lesley Ann Ferguson 27/10/2023 23/11/2017 John Michael Gilbert 06/07/2023 Susan Ann Glossop 06/07/2023 09/10/2019 Anne-Marie Claire Hogan 01/06/2023 22/07/2021 Philip John Morrey 12/02/2019 Christopher Alan Ogston 22/07/2021 Benjamin Ruthven Pym 22/07/2021 Sarah Rushton 06/07/2023 Lloyd Charles Shipp 12/02/2020 Victoria June Snell 06/07/2023 Wasantha Indunil Wijenayaka 06/07/2023 Edward Paul Winchester 06/07/2023 14 November 2023 The principal activity of the company is keeping Newmarket an attractive, vibrant and prosperous place to do business. The company is not for profit making and is mainly funded by a BID levy payable by its members. 10158066 2023-03-31 10158066 bus:Director1 2023-03-31 10158066 bus:Director2 2023-03-31 10158066 bus:Director3 2023-03-31 10158066 bus:Director4 2023-03-31 10158066 bus:Director5 2023-03-31 10158066 bus:Director6 2023-03-31 10158066 bus:Director7 2023-03-31 10158066 bus:Director8 2023-03-31 10158066 bus:Director9 2023-03-31 10158066 bus:Director10 2023-03-31 10158066 bus:Director11 2023-03-31 10158066 bus:Director12 2023-03-31 10158066 bus:Director13 2023-03-31 10158066 bus:Director14 2023-03-31 10158066 bus:Director15 2023-03-31 10158066 bus:Director16 2023-03-31 10158066 bus:Director17 2023-03-31 10158066 bus:Director18 2023-03-31 10158066 core:CurrentFinancialInstruments 2023-03-31 10158066 core:CurrentFinancialInstruments 2022-03-31 10158066 2022-03-31 10158066 core:ShareCapital 2023-03-31 10158066 core:ShareCapital 2022-03-31 10158066 core:RetainedEarningsAccumulatedLosses 2023-03-31 10158066 core:RetainedEarningsAccumulatedLosses 2022-03-31 10158066 2022-04-01 2023-03-31 10158066 bus:FullAccounts 2022-04-01 2023-03-31 10158066 bus:SmallEntities 2022-04-01 2023-03-31 10158066 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10158066 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10158066 bus:Director1 2022-04-01 2023-03-31 10158066 bus:Director2 2022-04-01 2023-03-31 10158066 bus:Director3 2022-04-01 2023-03-31 10158066 bus:Director4 2022-04-01 2023-03-31 10158066 bus:Director5 2022-04-01 2023-03-31 10158066 bus:Director6 2022-04-01 2023-03-31 10158066 bus:Director7 2022-04-01 2023-03-31 10158066 bus:Director8 2022-04-01 2023-03-31 10158066 bus:Director9 2022-04-01 2023-03-31 10158066 bus:Director10 2022-04-01 2023-03-31 10158066 bus:Director11 2022-04-01 2023-03-31 10158066 bus:Director12 2022-04-01 2023-03-31 10158066 bus:Director13 2022-04-01 2023-03-31 10158066 bus:Director14 2022-04-01 2023-03-31 10158066 bus:Director15 2022-04-01 2023-03-31 10158066 bus:Director16 2022-04-01 2023-03-31 10158066 bus:Director17 2022-04-01 2023-03-31 10158066 bus:Director18 2022-04-01 2023-03-31 10158066 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Company No: 10158066 (England and Wales)

NEWMARKET BID LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

NEWMARKET BID LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

NEWMARKET BID LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
NEWMARKET BID LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Steven Patrick Cox
Andy Drummond
Steven Paul Elsom
John Michael Gilbert
Philip John Morrey
Christopher Alan Ogston
Benjamin Ruthven Pym
Sarah Rushton
Lloyd Charles Shipp
Victoria June Snell
Wasantha Indunil Wijenayaka
Edward Paul Winchester
REGISTERED OFFICE Suite 9 Rookery House
The Guineas Shopping Centre
Newmarket
CB8 8EQ
United Kingdom
COMPANY NUMBER 10158066 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
NEWMARKET BID LIMITED

BALANCE SHEET

As at 31 March 2023
NEWMARKET BID LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
2023 2022
£ £
Current assets
Debtors 3 7,557 10,412
Cash at bank and in hand 82,315 130,819
89,872 141,231
Creditors: amounts falling due within one year 4 ( 16,927) ( 27,477)
Net current assets 72,945 113,754
Total assets less current liabilities 72,945 113,754
Net assets 72,945 113,754
Capital and reserves
Called-up share capital 0 0
Profit and loss account 72,945 113,754
Total shareholders' funds 72,945 113,754

For the financial year ending 31 March 2023 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 Newmarket BID Limited (registered number: 10158066) were approved and authorised for issue by the Board of Directors on 14 November 2023. They were signed on its behalf by:

Steven Paul Elsom
Director
NEWMARKET BID LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
NEWMARKET BID LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
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

Newmarket BID Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Suite 9 Rookery House, The Guineas Shopping Centre, Newmarket, CB8 8EQ, 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 Balance Sheet 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.

Impairment of assets

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

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

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2023 2022
£ £
Trade debtors 708 6,948
Other debtors 6,849 3,464
7,557 10,412

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 13,889 12,638
Other taxation and social security 0 3,292
Other creditors 3,038 11,547
16,927 27,477

5. Related party transactions

Other related party transactions

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.00