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REGISTERED NUMBER: 03480095 (England and Wales)















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: Professor K R Jackson
Ms L L Ko



Registered office: 16 Upper Grosvenor Street
London
W1K 7PL



Registered number: 03480095 (England and Wales)



Accountants: Benjamin Taylor Diner Limited
120 New Cavendish Street,
London
W1W 6XX



Advisory committee: Mr Keith Jackson (Chairman)
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 4 271 657
Cash at bank 800 76
1,071 733
Creditors
Amounts falling due within one year 5 (1,071 ) (733 )
Total assets less current liabilities - -


Reserves - -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Ms L L Ko - Director


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
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.

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 1 (2022 - 1 ) .

4. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Other debtors 271 657

5. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Other creditors 1,071 733

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.