Hull City Centre (BID) Limited 05483900 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is promotion of business in the Hull city centre Digita Accounts Production Advanced 6.30.9574.0 true true 05483900 2023-10-01 2024-09-30 05483900 2024-09-30 05483900 core:CurrentFinancialInstruments 2024-09-30 05483900 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05483900 core:OtherPropertyPlantEquipment 2024-09-30 05483900 bus:SmallEntities 2023-10-01 2024-09-30 05483900 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05483900 bus:FilletedAccounts 2023-10-01 2024-09-30 05483900 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05483900 bus:RegisteredOffice 2023-10-01 2024-09-30 05483900 bus:CompanySecretary1 2023-10-01 2024-09-30 05483900 bus:Director1 2023-10-01 2024-09-30 05483900 bus:Director10 2023-10-01 2024-09-30 05483900 bus:Director11 2023-10-01 2024-09-30 05483900 bus:Director15 2023-10-01 2024-09-30 05483900 bus:Director17 2023-10-01 2024-09-30 05483900 bus:Director18 2023-10-01 2024-09-30 05483900 bus:Director20 2023-10-01 2024-09-30 05483900 bus:Director21 2023-10-01 2024-09-30 05483900 bus:Director23 2023-10-01 2024-09-30 05483900 bus:Director25 2023-10-01 2024-09-30 05483900 bus:Director27 2023-10-01 2024-09-30 05483900 bus:Director4 2023-10-01 2024-09-30 05483900 bus:Director5 2023-10-01 2024-09-30 05483900 bus:Director9 2023-10-01 2024-09-30 05483900 bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 05483900 bus:Agent1 2023-10-01 2024-09-30 05483900 core:ToolsEquipment 2023-10-01 2024-09-30 05483900 countries:England 2023-10-01 2024-09-30 05483900 2023-09-30 05483900 core:OtherPropertyPlantEquipment 2023-09-30 05483900 2022-10-01 2023-09-30 05483900 2023-09-30 05483900 core:CurrentFinancialInstruments 2023-09-30 05483900 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 05483900

Hull City Centre (BID) Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Hull City Centre (BID) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Hull City Centre (BID) Limited

Company Information

Directors

Mrs V I Jackson

Mrs J Buffey

Mr T S Powell

Mr J A Harris

Mr N Waterhouse

Mr C M Higgins

Mr D C Donkin

Mr M Rice

Dr I S Kelly

Mr G Taylor

Mrs K E Shillito

Mrs S J Dunion

Mrs S J Smith

Mr M Ross

Company secretary

Mrs S E Dennison

Registered office

Business Development Centre
34 - 38 Beverley Road
Hull
East Yorkshire
HU3 1YE

Accountants

Botterill & Co
Chartered Certified Accountants
First Floor Offices
40 Norwood
Beverley
East Yorkshire
HU17 9EY

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hull City Centre (BID) Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hull City Centre (BID) Limited for the year ended 30 September 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Hull City Centre (BID) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Hull City Centre (BID) Limited and state those matters that we have agreed to state to the Board of Directors of Hull City Centre (BID) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hull City Centre (BID) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hull City Centre (BID) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hull City Centre (BID) Limited. You consider that Hull City Centre (BID) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hull City Centre (BID) Limited. 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 accounts.

......................................

Botterill & Co
Chartered Certified Accountants
First Floor Offices
40 Norwood
Beverley
East Yorkshire
HU17 9EY

25 March 2025

 

Hull City Centre (BID) Limited

(Registration number: 05483900)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

21,769

111,911

Cash at bank and in hand

 

180,846

164,195

 

202,615

276,106

Creditors: Amounts falling due within one year

6

(202,615)

(276,106)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

For the financial year ending 30 September 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................
Dr I S Kelly
Director

 

Hull City Centre (BID) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a company limited by guarantee, incorporated in England, 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 address of its registered office is:
Business Development Centre
34 - 38 Beverley Road
Hull
East Yorkshire
HU3 1YE

The principal place of business is:
Business Development Centre
34 - 38 Beverley Road
Hull
East Yorkshire
HU3 1YE

These financial statements were authorised for issue by the Board on 25 March 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

 

Hull City Centre (BID) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

Straight line over 3 years

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 merchandise sold or 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.

 

Hull City Centre (BID) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Share capital

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

The members of the company guarantee its indebtedness. This liability is limited to a nominal sum of £1 each. The directors may admit further members in accordance with the Articles of Association.

Each member is entitled to one vote at a general meeting, irrespective of the guarantees that he or she may have made.

In the event of a winding up or dissolution of the company, the members are not entitled to a share of the assets or any surplus arising.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Hull City Centre (BID) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

36,110

36,110

At 30 September 2024

36,110

36,110

Depreciation

At 1 October 2023

36,110

36,110

At 30 September 2024

36,110

36,110

Carrying amount

At 30 September 2024

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

240

86,222

Prepayments

2,493

2,384

Other debtors

19,036

23,305

 

21,769

111,911

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

30,991

33,104

Taxation and social security

11,602

14,101

Accruals and deferred income

160,022

228,901

202,615

276,106