BSE BIDCO (Events) Limited 10576203 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is arranging events in and around the town of Bury St Edmunds to increase footfall within the town centre thereby bringing an economic benefit to the local businesses. Digita Accounts Production Advanced 6.30.9574.0 true 10576203 2023-04-01 2024-03-31 10576203 2024-03-31 10576203 core:CurrentFinancialInstruments 2024-03-31 10576203 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10576203 bus:SmallEntities 2023-04-01 2024-03-31 10576203 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10576203 bus:FilletedAccounts 2023-04-01 2024-03-31 10576203 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10576203 bus:RegisteredOffice 2023-04-01 2024-03-31 10576203 bus:Director1 2023-04-01 2024-03-31 10576203 bus:Director2 2023-04-01 2024-03-31 10576203 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 10576203 core:OtherRelatedParties 2023-04-01 2024-03-31 10576203 countries:EnglandWales 2023-04-01 2024-03-31 10576203 2022-04-01 2023-03-31 10576203 2023-03-31 10576203 core:CurrentFinancialInstruments 2023-03-31 10576203 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10576203

BSE BIDCO (Events) Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

BSE BIDCO (Events) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

BSE BIDCO (Events) Limited

Company Information

Directors

M Cordell

W Bryant

Registered office

2nd Floor
2 Woolhall Street
Bury St Edmunds
IP33 1LA

Accountants

Jacobs Allen Limited
Chartered Accountants and Chartered Tax Advisers
59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

 

BSE BIDCO (Events) Limited

(Registration number: 10576203)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

30,215

14,535

Cash at bank and in hand

 

36,921

12,593

 

67,136

27,128

Creditors: Amounts falling due within one year

5

(67,136)

(27,128)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Expediture has been taken.

Approved and authorised by the Board on 8 October 2024 and signed on its behalf by:
 

.........................................
M Cordell
Director

 

BSE BIDCO (Events) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The company is a public benefit entity, it's primary objective, along with BSE BIDCO Limited, is to make Bury St. Edmunds an attractive, vibrant and prosperous place for local businesses, residents and visitors. The company primarily organises events on behalf of BSE BIDCO Limited. It does not provide a financial return for members.

The address of its registered office is:
2nd Floor
2 Woolhall Street
Bury St Edmunds
IP33 1LA

These financial statements were authorised for issue by the Board on 8 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is mainly income arising from events organised on behalf of BSE BIDCO Limited which BSE BIDCO Limited reimburses costs, and charges for attendance at such events and other services made to non BID members is recognised in the period in which the event falls or in which the service is provided, and that income is held for use in delivering other services that fulfil the company's objectives.

Any surplus of income as charged but not spent in a period is to be carried forward with reserves to be spent in a future year to the extent it is anticipated that it will be required to meet budgeted spending plans.

Tax

There is no corporation tax liability for the year as the company is a non profit making organisation. Year end profits are held and used to fund future costs. Corporation tax is due on any investments income made by the company and no such income has arisen this year.

 

BSE BIDCO (Events) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Trade debtors

9,371

7,465

Prepayments

20,462

7,070

Other debtors

382

-

 

30,215

14,535

 

BSE BIDCO (Events) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

6,233

-

Taxation and social security

-

1,581

Accruals and deferred income

17,633

15,169

Other creditors

43,270

10,378

67,136

27,128

6

Related party transactions

Summary of transactions with other related parties

Both directors of BSE BIDCO (Events) Limited are also directors of BSE BIDCO Limited. During the year BSE BIDCO (Events) Limited received further advances of £32,892 from BSE BIDCO Limited where BSE BIDCO Limited had previously paid invoices on its behalf and loaned money to BSE BIDCO (Events) Limited and also during the year the company organised events on behalf of BSE BIDCO Limited with income of £76,893 (2023 - £49,171. As at 31 March 2024, there is a balance owing to BSE BIDCO Limited which amounts to £43,270 (2023 - £10,378). The loan is considered interest free and repayable on demand.