REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
The Hong Kong - UK Business Forum Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
The Hong Kong - UK Business Forum Ltd |
The Hong Kong - UK Business Forum Ltd (Registered number: 03480095) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
The Hong Kong - UK Business Forum Ltd |
Company Information |
for the Year Ended 31 December 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
120 New Cavendish Street, |
London |
W1W 6XX |
Advisory committee: |
Mr Adrian Kingwell (Vice Chairman) |
Mr Richard Thurbin (Secretary) |
Mr Christopher Jackson |
Ms Cherrie Lo |
The Hong Kong - UK Business Forum Ltd (Registered number: 03480095) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
Total assets less current liabilities |
Reserves | - | - |
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 were approved by the Board of Directors and authorised for issue on |
The Hong Kong - UK Business Forum Ltd (Registered number: 03480095) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | Statutory information |
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 16 Upper Grosvenor Street, London, W1K 7PL. |
The Company is always known as the Forum. The Forum's principal activity is to promote increased business links, economic co-operation and two-way trade between Hong Kong and the UK. The Forum also promotes increased cultural links, friendship, co-operation and understanding between business people in Hong Kong and the UK. The Forum holds meetings, workshops, seminars, discussion groups, speakers lunches and dinners at which members meet with their counterparts from Hong Kong. |
The Forum seeks to maintain a close liaison with appropriate officials in the government departments and representative bodies concerned with furthering two-way trade between Hong Kong and the UK. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents subscriptions receivable and funding by Hong Kong Trade Development Council during the year. |
Going concern |
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Debtors: amounts falling due within one year |
31.12.23 | 31.12.22 |
£ | £ |
Other debtors |
5. | Creditors: amounts falling due within one year |
31.12.23 | 31.12.22 |
£ | £ |
Other creditors |
The Hong Kong - UK Business Forum Ltd (Registered number: 03480095) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
6. | Reserves |
Income |
and |
expenditure |
account |
£ |
Surplus for the year |
At 31 December 2023 |
The income and expenditure account reserve records retained earnings and accumulated losses. |
7. | Related party disclosures |
During the year the company received funding from the Hong Kong Trade Development Council (an entity to which the company is financially dependent) amounting to £1,459 (2023: £863). |
As at 31st December 2023 the company was owed £211 (2022: £624) by the Hong Kong Trade Development Council. |
8. | Company limited by guarantee |
The members have a liability not exceeding £1 a member. |