REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Belgian-Luxembourg Chamber of Commerce |
in Great Britain (Incorporated) |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Belgian-Luxembourg Chamber of Commerce |
in Great Britain (Incorporated) |
Belgian-Luxembourg Chamber of Commerce |
in Great Britain (Incorporated) (Registered number: 00129632) |
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 |
Belgian-Luxembourg Chamber of Commerce |
in Great Britain (Incorporated) |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Belgian-Luxembourg Chamber of Commerce |
in Great Britain (Incorporated) (Registered number: 00129632) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account | 7 |
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. |
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 |
Belgian-Luxembourg Chamber of Commerce |
in Great Britain (Incorporated) (Registered number: 00129632) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Belgian-Luxembourg Chamber of Commerce in Great Britain (Incorporated) is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The company's directors have made plans for 2023 and the years beyond to generate new sources of income and reduce costs. |
The directors consider that the company has adequate working capital for the foreseeable future and this coupled with the implementation of the directors plans detailed above, mean that they consider that the company is a going concern and that the financial statements can be prepared on that basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Belgian-Luxembourg Chamber of Commerce |
in Great Britain (Incorporated) (Registered number: 00129632) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors | 13,981 | 38,667 |
Other creditors | 82,505 | 25,598 |
Creditors due to clients - salary administration | 1,639,731 | 1,581,258 |
Creditors due to clients - salary deposits | 377,422 | 340,430 |
Taxation and social security | 1,020 | 11,833 |
Accruals and deferred income | 263,827 | 100,323 |
2,378,486 | 2,098,109 |
Belgian-Luxembourg Chamber of Commerce |
in Great Britain (Incorporated) (Registered number: 00129632) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
At 1 January 2023 |
Surplus for the year |
At 31 December 2023 |
8. | RELATED PARTY DISCLOSURES |
During the year the Chamber paid £27,500 (2022 - £27,500) for rent to Gbelux Ltd a company in which the director, Mr M Vanhoonacker is also a director and shareholder. The Chamber also paid a further £102,000 (2022 - £23,585) to Gbelux Ltd for management services. The balance due to Gbelux Ltd at the year-end is £NIL (2022 - £NIL). |
During the year the Chamber raised sales invoices to Gbelux Ltd totalling £5,280 (2022 - £15,800) for membership. The balance due from Gbelux Ltd at the year-end is £NIL (2022 - £2,628). |
During the year the Chamber paid £13,000 (2022 - £46,415) for management services to MYUKOffice Ltd a company in which the director, Mr M Vanhoonacker is also a director and shareholder. The balance due to MYUKOffice Ltd at the year-end is £NIL (2022 - £NIL). |
During the year the Chamber raised sales invoices to MYUKOffice Ltd totalling £630 (2022 - £975) for membership. The balance due from MYUKOffice Ltd at the year-end is £630 (2022 - £600). |
During the year the Chamber received management services totalling £18,644 (2022 - £17,547) from CDLC Services a company in which the director, Mr M Vanhoonacker is also a director and shareholder. The balance due to CDLC Services at the year-end is £NIL (2021 - £17,547). |
During the year the Chamber paid Psau Services Ltd £136,500 (2022 - £81,000) for management and legal services. Mr P Sauvage, a director of the Chamber is also a director and shareholder of Psau Services Ltd. The balance due to PSAU Services Ltd at the year-end is £NIL (2022 - £NIL). |
9. | ULTIMATE CONTROLLING PARTY |
The company is under the control of its members. |
10. | 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. |