Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302025-05-29false2023-10-01The nature of company's operation and principal activities are that of provision of services and facilities for the carrying on of dealing in diamonds, pearls, gemstone and jewellery.34truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02852999 2023-10-01 2024-09-30 02852999 2022-10-01 2023-09-30 02852999 2024-09-30 02852999 2023-09-30 02852999 c:Director5 2023-10-01 2024-09-30 02852999 c:Director6 2023-10-01 2024-09-30 02852999 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 02852999 d:Buildings d:LongLeaseholdAssets 2024-09-30 02852999 d:Buildings d:LongLeaseholdAssets 2023-09-30 02852999 d:FurnitureFittings 2023-10-01 2024-09-30 02852999 d:FurnitureFittings 2024-09-30 02852999 d:FurnitureFittings 2023-09-30 02852999 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02852999 d:OfficeEquipment 2023-10-01 2024-09-30 02852999 d:OfficeEquipment 2024-09-30 02852999 d:OfficeEquipment 2023-09-30 02852999 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02852999 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02852999 d:CurrentFinancialInstruments 2024-09-30 02852999 d:CurrentFinancialInstruments 2023-09-30 02852999 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02852999 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02852999 d:RetainedEarningsAccumulatedLosses 2024-09-30 02852999 d:RetainedEarningsAccumulatedLosses 2023-09-30 02852999 c:FRS102 2023-10-01 2024-09-30 02852999 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02852999 c:FullAccounts 2023-10-01 2024-09-30 02852999 c:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 02852999 d:WithinOneYear 2024-09-30 02852999 d:WithinOneYear 2023-09-30 02852999 d:BetweenOneFiveYears 2024-09-30 02852999 d:BetweenOneFiveYears 2023-09-30 02852999 d:MoreThanFiveYears 2024-09-30 02852999 d:MoreThanFiveYears 2023-09-30 02852999 2 2023-10-01 2024-09-30 02852999 d:OtherDeferredTax 2024-09-30 02852999 d:OtherDeferredTax 2023-09-30 02852999 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 02852999










THE LONDON DIAMOND BOURSE AND CLUB LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
THE LONDON DIAMOND BOURSE AND CLUB LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 02852999

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
57,512
61,269

  
57,512
61,269

Current assets
  

Stocks
  
415
843

Debtors: amounts falling due within one year
 5 
214,948
135,863

Cash at bank and in hand
 6 
406,122
360,156

  
621,485
496,862

Creditors: amounts falling due within one year
 7 
(279,419)
(225,908)

Net current assets
  
 
 
342,066
 
 
270,954

Total assets less current liabilities
  
399,578
332,223

Provisions for liabilities
  

Deferred tax
  
(697)
-

  
 
 
(697)
 
 
-

Net assets
  
398,881
332,223


Capital and reserves
  

Profit and loss account
  
398,881
332,223

  
398,881
332,223


Page 1

 
THE LONDON DIAMOND BOURSE AND CLUB LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 02852999
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 May 2025.




L J Malka
D S Troostwyk
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THE LONDON DIAMOND BOURSE AND CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

London Diamond Bourse and Club Limited is a private company limited by guarantee incorporated in England, United Kingdom. The address of the registered office is given in the company information of these financial statements. The nature of the company's operations and principal activities are that of  provision of services and facilities for the carrying on of dealing in diamonds, pearls, gemstones and jewellery.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of memberships and other services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
THE LONDON DIAMOND BOURSE AND CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.



Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the term of the lease
Fixtures and fittings
-
25% on reducing balance
Computer equipment
-
33% on reducing balance

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
THE LONDON DIAMOND BOURSE AND CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 5

 
THE LONDON DIAMOND BOURSE AND CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Improvements to property
Fixtures, fittings & equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
124,140
90,996
55,043
270,179


Additions
-
-
3,238
3,238



At 30 September 2024

124,140
90,996
58,281
273,417



Depreciation


At 1 October 2023
68,657
89,095
51,158
208,910


Charge for the year on owned assets
4,169
475
2,351
6,995



At 30 September 2024

72,826
89,570
53,509
215,905



Net book value



At 30 September 2024
51,314
1,426
4,772
57,512



At 30 September 2023
55,483
1,901
3,885
61,269

Page 6

 
THE LONDON DIAMOND BOURSE AND CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
182,493
92,690

Other debtors
-
11,080

Prepayments and accrued income
32,455
32,093

214,948
135,863



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
406,122
360,156

406,122
360,156



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,857
40,691

Corporation tax
18,184
-

Other taxation and social security
31,336
22,593

Other creditors
9,456
2,415

Accruals and deferred income
218,586
160,209

279,419
225,908


Page 7

 
THE LONDON DIAMOND BOURSE AND CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Deferred taxation




2024


£






Charged to profit or loss
(697)



At end of year
(697)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(697)
-

(697)
-



9.


Company status

The company is a private company limited by guarantee 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.


10.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
70,646
-

Later than 1 year and not later than 5 years
282,584
-

Later than 5 years
317,907
-

671,137
-

 
Page 8