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REGISTERED NUMBER: 07418286 (England and Wales)









Unaudited Financial Statements

for the Period

1 May 2023 to 31 December 2023

for

Leeds Hotels And Venues Association
Limited

Leeds Hotels And Venues Association
Limited (Registered number: 07418286)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Leeds Hotels And Venues Association
Limited (Registered number: 07418286)

Balance Sheet
31 December 2023

2023 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 58,105 15,662
Cash at bank 19,153 45,181
77,258 60,843
CREDITORS
Amounts falling due within one year 5 63,963 40,401
NET CURRENT ASSETS 13,295 20,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,295

20,442

RESERVES
Retained earnings 13,295 20,442
13,295 20,442

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

The members have not required the company to obtain an audit of its financial statements for the period 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 profit or loss 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





W Topley - Director


Leeds Hotels And Venues Association
Limited (Registered number: 07418286)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 December 2023

1. STATUTORY INFORMATION

Leeds Hotels And Venues Association Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07418286

Registered office: c/o Bonner & Hindley
Unit 9 Acorn Business Park
Killingbeck Drive
Leeds
West Yorkshire
LS14 6UF

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention.

Turnover
Income from membership fees is recognised in the period to which the membership covers, with any amounts received in advance being included in other creditors.
Income from event sales and sponsorship is recognised in the period in which the event is held.

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, other creditors and inter-company balances.

Trade debtors, other debtors, cash and bank balances, trade creditors, other creditors and inter-company balances are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Leeds Hotels And Venues Association
Limited (Registered number: 07418286)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be recieved for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 49,222 9,042
Other debtors 8,883 6,620
58,105 15,662

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 12,183 3,065
Taxation and social security 4,277 2,519
Other creditors 47,503 34,817
63,963 40,401

6. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

Each member is entitled to one vote.

The liability of the members in the event of a winding up is nil.