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REGISTERED NUMBER: 10344321 (England and Wales)











Financial Statements

for the Year Ended 31 January 2025

for

Hemel Hempstead Business Improvement
District Limited

Hemel Hempstead Business Improvement
District Limited (Registered number: 10344321)






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


Hemel Hempstead Business Improvement
District Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: H N Mwanza
J R Doe
Mrs D Southam
P B Stiff
R W Evans





REGISTERED OFFICE: 1 Woodbridge Road
Ipswich
Suffolk
IP4 2EA





BUSINESS ADDRESS: The Management Suite
Marlowes Shopping Centre
Hemel Hempstead
HP1 1DX





REGISTERED NUMBER: 10344321 (England and Wales)





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

Hemel Hempstead Business Improvement
District Limited (Registered number: 10344321)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,593 65

CURRENT ASSETS
Debtors 5 2,009 8,579
Cash at bank 76,932 87,141
78,941 95,720
CREDITORS
Amounts falling due within one year 6 21,536 12,564
NET CURRENT ASSETS 57,405 83,156
TOTAL ASSETS LESS CURRENT LIABILITIES 60,998 83,221

RESERVES
Income and expenditure account 7 60,998 83,221
60,998 83,221

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 14 August 2025 and were signed on its behalf by:





H N Mwanza - Director


Hemel Hempstead Business Improvement
District Limited (Registered number: 10344321)

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

1. STATUTORY INFORMATION

Hemel Hempstead Business Improvement District 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 annual levy payments received from businesses in the Hemel Hempstead Business Improvement District, voluntary contributions and other income generated in the course of promoting Hemel Hempstead Town 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Business Equipment - 25% on cost
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.

Government grants
Grants are accounted for using the accrual model.

Grants relating to revenue are recognised in the Statement of Income and Retained Earnings in the same period as the related costs for which the grant is intended to compensate. Where there are no related costs the grant is recognised in the period in which it becomes receivable.

Grants relating to assets are recognised in the Statement of Income and Retained Earnings over the expected useful life of the asset.

Hemel Hempstead Business Improvement
District Limited (Registered number: 10344321)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Business Computer
Equipment equipment Totals
£    £    £   
COST
At 1 February 2024 - 1,890 1,890
Additions 3,316 803 4,119
At 31 January 2025 3,316 2,693 6,009
DEPRECIATION
At 1 February 2024 - 1,825 1,825
Charge for year 414 177 591
At 31 January 2025 414 2,002 2,416
NET BOOK VALUE
At 31 January 2025 2,902 691 3,593
At 31 January 2024 - 65 65

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 2,009 8,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 42 -
Taxation and social security 5,126 -
Other creditors 16,368 12,564
21,536 12,564

7. RESERVES
Income
and
expenditure
account
£   

At 1 February 2024 83,221
Deficit for the year (22,223 )
At 31 January 2025 60,998

Hemel Hempstead Business Improvement
District Limited (Registered number: 10344321)

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

8. 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.