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REGISTERED NUMBER: 11082503 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2025

for

BID Leicester Limited

BID Leicester Limited (Registered number: 11082503)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BID Leicester Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr R M Osborn
Mr C J Stafford
Mr A R Fraser
Ms S E Thomson
Ms S Harrison
Mr S Hagger
Mr M L Pearson
Mr S Gill
Mrs C Wright
Mr P Brown
Mr S Madlani
Ms M Menezes





REGISTERED OFFICE: St Martins House
7 Peacock Lane
Leicester
Leicestershire
LE1 5PZ





REGISTERED NUMBER: 11082503 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

BID Leicester Limited (Registered number: 11082503)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,604 749
5,604 749

CURRENT ASSETS
Debtors 6 60,627 137,018
Cash at bank 311,397 222,878
372,024 359,896
CREDITORS
Amounts falling due within one year 7 51,573 37,592
NET CURRENT ASSETS 320,451 322,304
TOTAL ASSETS LESS CURRENT LIABILITIES 326,055 323,053

RESERVES
Income and expenditure account 9 326,055 323,053
MEMBERS' FUNDS 326,055 323,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:



Mr A R Fraser - Director


BID Leicester Limited (Registered number: 11082503)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

BID Leicester Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents levy payments received from businesses in the Leicester Business Improvement District, voluntary contributions and other income generated in the course of promoting Leicester city centre.

Levy payments are recognised on a straight line basis over the year to which they relate with any necessary adjustments being made through deferred income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and bank facilities.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

BID Leicester Limited (Registered number: 11082503)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 February 2024
and 31 January 2025 10,100
AMORTISATION
At 1 February 2024
and 31 January 2025 10,100
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2024 6,766
Additions 6,040
Disposals (870 )
At 31 January 2025 11,936
DEPRECIATION
At 1 February 2024 6,017
Charge for year 1,185
Eliminated on disposal (870 )
At 31 January 2025 6,332
NET BOOK VALUE
At 31 January 2025 5,604
At 31 January 2024 749

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,535 858
Other debtors 57,092 136,160
60,627 137,018

BID Leicester Limited (Registered number: 11082503)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 24,547 24,349
Other creditors 27,026 13,243
51,573 37,592

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 7,333 7,333

9. RESERVES
Income
and
expenditure
account
£   

At 1 February 2024 323,053
Surplus for the year 3,002
At 31 January 2025 326,055

10. LIMITED BY GUARANTEE

The company is limited by guarantee. Each member of the company under clause 3 of the Articles of Association has agreed to contribute up to £1 in the event of a winding up.