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REGISTERED NUMBER: 00129632 (England and Wales)












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: M Vanhoonacker
P M Sauvage





SECRETARY: M Vanhoonacker





REGISTERED OFFICE: Westwood House
Annie Med Lane
South Cave
Brough
East Yorkshire
HU15 2HG





REGISTERED NUMBER: 00129632 (England and Wales)






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 4,111 3,428

CURRENT ASSETS
Debtors 5 474,890 467,409
Cash at bank 1,969,905 1,693,412
2,444,795 2,160,821
CREDITORS
Amounts falling due within one year 6 2,378,486 2,097,888
NET CURRENT ASSETS 66,309 62,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,420

66,361

RESERVES
Income and expenditure account 7 70,420 66,361
70,420 66,361

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 19 September 2024 and were signed on its behalf by:





M Vanhoonacker - Director


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 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.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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 6 (2022 - 6 ) .

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 7,440 25,834 33,274
Additions 2,208 1,255 3,463
At 31 December 2023 9,648 27,089 36,737
DEPRECIATION
At 1 January 2023 7,398 22,448 29,846
Charge for year 317 2,463 2,780
At 31 December 2023 7,715 24,911 32,626
NET BOOK VALUE
At 31 December 2023 1,933 2,178 4,111
At 31 December 2022 42 3,386 3,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 435,395 435,707
Other debtors 39,495 31,702
474,890 467,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20232022
££
Trade creditors13,98138,667
Other creditors82,50525,598
Creditors due to clients - salary administration1,639,7311,581,258
Creditors due to clients - salary deposits377,422340,430
Taxation and social security1,02011,833
Accruals and deferred income263,827100,323

2,378,4862,098,109

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 66,361
Surplus for the year 4,059
At 31 December 2023 70,420

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.