ST. PETERS QUARTER DERBY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R J Davies

Mr C A J Memmott

Miss J F M Sayers

Miss H J Wathall MBE

Mr S L Wildash

Mr J Wright

REGISTERED OFFICE:

2nd Floor

12 The Strand

Cathedral Quarter

Derby

Derbyshire

DE1 1BA

REGISTERED NUMBER:

07071824 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

4

356

-

CURRENT ASSETS

Debtors

5

72,910

50,325

Cash at bank and in hand

117,207

170,478

190,117

220,803

CREDITORS

Amounts falling due within one year

6

62,626

108,062

NET CURRENT ASSETS

127,491

112,741

TOTAL ASSETS LESS CURRENT LIABILITIES

127,847

112,741

RESERVES

Income and expenditure account

127,847

112,741

127,847

112,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 1 September 2025 and were signed on its behalf by:

Miss H J Wathall MBE - Director

1.	STATUTORY INFORMATION

St. Peters Quarter Derby 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 (£).

At 31 March 2025 there were 36 (2024 - 47) members of the company each of whom has undertaken to contribute an amount not exceeding £1 in the event of the company winding up.

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.

Significant judgements and estimates

Bad debts

In the current and previous period, bad debts in respect of BID levy income have been provided for based upon a percentage applied to the stage of recovery.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company's main source of income is levy on businesses in the St Peters Quarter.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Going concern

The company made a surplus of £15,106 for the year ended 31st March 2025 (2024: deficit of £4,174). It can be noted that included within current liabilities is deferred income amounting to £24,482 (2024: £35,062) which will be taken to the profit and loss account in future years.The Directors have prepared the accounts on a going concern basis which assumes that the company will continue to trade for the foreseeable future. The validity of the assumption is based on the directors' assessment of future cash forecasts and expected income projections.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

28,360

-

28,360

Additions

-

475

475

At 31 March 2025

28,360

475

28,835

DEPRECIATION

At 1 April 2024

28,360

-

28,360

Charge for year

-

119

119

At 31 March 2025

28,360

119

28,479

NET BOOK VALUE

At 31 March 2025

-

356

356

At 31 March 2024

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,125

46,923

VAT

5,700

-

Prepayments and Accrued Income

51,085

3,402

72,910

50,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,394

27,628

VAT

-

1,328

Accruals and deferred income

54,232

79,106

62,626

108,062