Company registration number 15299039 (England and Wales)
BIRMINGHAM CHINATOWN BUSINESS ASSOCIATION
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BIRMINGHAM CHINATOWN BUSINESS ASSOCIATION
COMPANY INFORMATION
Directors
Mr K B Lam
(Appointed 21 November 2023)
Mr S Wang
(Appointed 22 May 2024)
Company number
15299039
Registered office
98 Bristol Road
Birmingham
West Midlands
B5 7XH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
PO Box 1000
BX1 1LT
BIRMINGHAM CHINATOWN BUSINESS ASSOCIATION
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
BIRMINGHAM CHINATOWN BUSINESS ASSOCIATION
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BIRMINGHAM CHINATOWN BUSINESS ASSOCIATION FOR THE PERIOD ENDED 31 DECEMBER 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Birmingham Chinatown Business Association for the period ended 31 December 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Birmingham Chinatown Business Association, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Birmingham Chinatown Business Association and state those matters that we have agreed to state to the board of directors of Birmingham Chinatown Business Association, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Birmingham Chinatown Business Association and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Birmingham Chinatown Business Association has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Birmingham Chinatown Business Association. You consider that Birmingham Chinatown Business Association is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Birmingham Chinatown Business Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
4 March 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
BIRMINGHAM CHINATOWN BUSINESS ASSOCIATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
334
Current assets
Debtors
4
209
Cash at bank and in hand
13,325
13,534
Creditors: amounts falling due within one year
5
(690)
Net current assets
12,844
Net assets
13,178
Reserves
Income and expenditure account
13,178
Members' funds
13,178
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 March 2025 and are signed on its behalf by:
Mr K B Lam
Director
Company registration number 15299039 (England and Wales)
BIRMINGHAM CHINATOWN BUSINESS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Birmingham Chinatown Business Association is a private company limited by guarantee incorporated in England and Wales. The registered office is 98 Bristol Road, Birmingham, West Midlands, B5 7XH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of 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. The principal accounting policies adopted are set out below.
1.2
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33% on cost
1.4
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
2
BIRMINGHAM CHINATOWN BUSINESS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 21 November 2023
Additions
499
At 31 December 2024
499
Depreciation and impairment
At 21 November 2023
Depreciation charged in the period
165
At 31 December 2024
165
Carrying amount
At 31 December 2024
334
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
209
5
Creditors: amounts falling due within one year
2024
£
Other creditors
690
6
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.