Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Andrew David Banner-Price 01/01/2023 Martin Robert Brook 01/01/2017 Pippa Louise Craddock 01/01/2017 Richard Andrew Cuming 01/01/2017 Carolyn Dawn Custerson 01/12/2016 Claire Anne-Marie Flower 01/01/2017 Jason Darrell Garside 28/11/2019 Timothy Michael Godfrey 01/12/2016 Christopher Duncan Hart 01/01/2017 James William Parker 01/01/2023 Anthony Dean Payne-Neale 21/02/2019 Lisa Jane Tuck 27/04/2023 Kelly Widley 30/11/2017 04 June 2025 The principal activity of the Company during the financial year was that of marketing the English Riviera and managing and delivering the English Riviera Visitor Information Services. 10237792 2024-12-31 10237792 bus:Director1 2024-12-31 10237792 bus:Director2 2024-12-31 10237792 bus:Director3 2024-12-31 10237792 bus:Director4 2024-12-31 10237792 bus:Director5 2024-12-31 10237792 bus:Director6 2024-12-31 10237792 bus:Director7 2024-12-31 10237792 bus:Director8 2024-12-31 10237792 bus:Director9 2024-12-31 10237792 bus:Director10 2024-12-31 10237792 bus:Director11 2024-12-31 10237792 bus:Director12 2024-12-31 10237792 bus:Director13 2024-12-31 10237792 2023-12-31 10237792 core:CurrentFinancialInstruments 2024-12-31 10237792 core:CurrentFinancialInstruments 2023-12-31 10237792 core:RetainedEarningsAccumulatedLosses 2024-12-31 10237792 core:RetainedEarningsAccumulatedLosses 2023-12-31 10237792 core:OfficeEquipment 2023-12-31 10237792 core:OfficeEquipment 2024-12-31 10237792 core:WithinOneYear 2024-12-31 10237792 core:WithinOneYear 2023-12-31 10237792 core:BetweenOneFiveYears 2024-12-31 10237792 core:BetweenOneFiveYears 2023-12-31 10237792 2024-01-01 2024-12-31 10237792 bus:FilletedAccounts 2024-01-01 2024-12-31 10237792 bus:SmallEntities 2024-01-01 2024-12-31 10237792 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10237792 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 10237792 bus:Director1 2024-01-01 2024-12-31 10237792 bus:Director2 2024-01-01 2024-12-31 10237792 bus:Director3 2024-01-01 2024-12-31 10237792 bus:Director4 2024-01-01 2024-12-31 10237792 bus:Director5 2024-01-01 2024-12-31 10237792 bus:Director6 2024-01-01 2024-12-31 10237792 bus:Director7 2024-01-01 2024-12-31 10237792 bus:Director8 2024-01-01 2024-12-31 10237792 bus:Director9 2024-01-01 2024-12-31 10237792 bus:Director10 2024-01-01 2024-12-31 10237792 bus:Director11 2024-01-01 2024-12-31 10237792 bus:Director12 2024-01-01 2024-12-31 10237792 bus:Director13 2024-01-01 2024-12-31 10237792 core:OfficeEquipment core:TopRangeValue 2024-01-01 2024-12-31 10237792 2023-01-01 2023-12-31 10237792 core:OfficeEquipment 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 10237792 (England and Wales)

ENGLISH RIVIERA BID COMPANY LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ENGLISH RIVIERA BID COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ENGLISH RIVIERA BID COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
ENGLISH RIVIERA BID COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,858 3,198
1,858 3,198
Current assets
Stocks 1,139 930
Debtors 4 105,479 64,376
Cash at bank and in hand 123,372 134,971
229,990 200,277
Creditors: amounts falling due within one year 5 ( 99,388) ( 64,056)
Net current assets 130,602 136,221
Total assets less current liabilities 132,460 139,419
Net assets 132,460 139,419
Reserves
Profit and loss account 132,460 139,419
Total reserves 132,460 139,419

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of English Riviera Bid Company Limited (registered number: 10237792) were approved and authorised for issue by the Board of Directors on 04 June 2025. They were signed on its behalf by:

Christopher Duncan Hart
Director
ENGLISH RIVIERA BID COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ENGLISH RIVIERA BID COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

English Riviera Bid Company Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Vaughan Parade, Torquay, TQ2 5JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 7

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2024 9,679 9,679
At 31 December 2024 9,679 9,679
Accumulated depreciation
At 01 January 2024 6,481 6,481
Charge for the financial year 1,340 1,340
At 31 December 2024 7,821 7,821
Net book value
At 31 December 2024 1,858 1,858
At 31 December 2023 3,198 3,198

4. Debtors

2024 2023
£ £
Trade debtors 11,247 8,558
Prepayments and accrued income 81,706 44,297
VAT recoverable 12,526 11,521
105,479 64,376

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 48,780 24,094
Accruals and deferred income 45,377 35,703
Other taxation and social security 5,183 4,207
Other creditors 48 52
99,388 64,056

6. Liability of members

The members of the English Riviera Bid Company Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 16,200 16,200
between one and five years 16,200 32,400
32,400 48,600

8. Related party transactions

Transactions with the entity's directors

During the year the entity paid:
- £18,330 (2023: £18,330) to an entity in which a Director has a participating interest, in relation to chairman and legal fees.
-£3,990 (2023:£3,990) to an entity in which a Director has a participating interest, in relation to accountancy fees.
- £7,500 (2023: £7,500) to a Director in relation to events coordinator support.
- £1,125 (2023: £1,125) to a Director in relation to marketing and consultancy support.