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REGISTERED NUMBER: 14124151 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 23 MAY 2022 TO 31 MARCH 2023

FOR

THE JEWELLERY QUARTER BID LIMITED

THE JEWELLERY QUARTER BID LIMITED (REGISTERED NUMBER: 14124151)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 MAY 2022 TO 31 MARCH 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Statement of Financial Position 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


THE JEWELLERY QUARTER BID LIMITED

COMPANY INFORMATION
FOR THE PERIOD 23 MAY 2022 TO 31 MARCH 2023







DIRECTORS: H C Skouby
H C Bicknell
L J Martin
J Barton
N C Newton-Sherlock





SECRETARY: L Crane





REGISTERED OFFICE: Studio S2
The Jointworks
62-64 Albion Street
Birmingham
B1 3EA





REGISTERED NUMBER: 14124151 (England and Wales)





ACCOUNTANTS: Holder Blackthorn LLP
Blackthorn House
St Pauls Square
Birmingham
B3 1RL

THE JEWELLERY QUARTER BID LIMITED (REGISTERED NUMBER: 14124151)

REPORT OF THE DIRECTORS
FOR THE PERIOD 23 MAY 2022 TO 31 MARCH 2023

The directors present their report with the financial statements of the company for the period 23 May 2022 to 31 March 2023.

INCORPORATION
The company was incorporated on 23 May 2022 and commenced trading on 1 September 2022.

DIRECTORS
The directors who have held office during the period from 23 May 2022 to the date of this report are as follows:

H C Skouby - appointed 23 May 2022
H C Bicknell - appointed 1 September 2022
L J Martin - appointed 1 September 2022

J Barton and N C Newton-Sherlock were appointed as directors after 31 March 2023 but prior to the date of this report.

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

WHAT IS A BUSINESS IMPROVEMENT DISTRICT?
A Business Improvement District (BID) is a geographically defined area where the business community pool their resources to invest in projects and services that improve the business environment and experiences of visitors. The BID is operated by an independent business-led, not for profit company that is committed to the area's ongoing improvement. The services that the BID delivers are additional to those provided by the local authority, they are not intended to replace them.
- A BID is funded by a fair and transparent levy on all eligible business occupiers within the BID area.
- A BID can only be implemented when businesses have voted in a ballot and a majority is achieved by both the number of voters, and the rateable value, of those who vote.
- A BID can operate for a maximum of five years after which a renewal ballot will need to be conducted.
- Our aim is to use any local firm, supplier or contractor wherever possible, taking into account value for money. This will ensure that we continue to invest and grow our local economy with the funds we raise.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





H C Skouby - Director


10 March 2024

THE JEWELLERY QUARTER BID LIMITED (REGISTERED NUMBER: 14124151)

INCOME STATEMENT
FOR THE PERIOD 23 MAY 2022 TO 31 MARCH 2023

£   

INCOME 287,399

Operating expenses 183,722
OPERATING SURPLUS and
SURPLUS BEFORE TAXATION 103,677

Tax on surplus -
SURPLUS FOR THE FINANCIAL PERIOD 103,677

THE JEWELLERY QUARTER BID LIMITED (REGISTERED NUMBER: 14124151)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

Notes £   
CURRENT ASSETS
Debtors 4 170,975
Cash at bank 242,808
413,783
CREDITORS
Amounts falling due within one year 5 155,672
NET CURRENT ASSETS 258,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,111

RESERVES
Income and expenditure account 258,111
258,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared 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 10 March 2024 and were signed on its behalf by:





H C Skouby - Director


THE JEWELLERY QUARTER BID LIMITED (REGISTERED NUMBER: 14124151)

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 23 MAY 2022 TO 31 MARCH 2023

Retained Total
earnings equity
£    £   

Changes in equity
Total comprehensive income 103,677 103,677
Transfer of capital 154,434 154,434
Balance at 31 March 2023 258,111 258,111

THE JEWELLERY QUARTER BID LIMITED (REGISTERED NUMBER: 14124151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 MAY 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

The Jewellery Quarter BID Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

As the company is limited by guarantee and does not have a 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
Income is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Income is measures as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Taxation
Tax is recognised in the Statement of Income and Retained Earnings except that a charge attributable to an item of income and expenses recognised in other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly to equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 19,800
Other debtors 151,175
170,975

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 51,944
Taxation and social security 49,777
Other creditors 53,951
155,672

6. TRANSFER OF CAPITAL

The transfer of capital represents the Business Improvement Levy funds transferred from the previous company operating the Jewellery Quarter Business Improvement District.