REGISTERED NUMBER: 00129632 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Belgian-Luxembourg Chamber of Commerce

in Great Britain (Incorporated)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Vanhoonacker

P M Sauvage

SECRETARY:

M Vanhoonacker

REGISTERED OFFICE:

Westwood House

Annie Med Lane

South Cave

Brough

East Yorkshire

HU15 2HG

REGISTERED NUMBER:

00129632 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,880

4,111

CURRENT ASSETS

Debtors

5

293,063

474,890

Cash at bank

2,095,138

1,969,905

2,388,201

2,444,795

CREDITORS

Amounts falling due within one year

6

2,244,190

2,378,486

NET CURRENT ASSETS

144,011

66,309

TOTAL ASSETS LESS CURRENT LIABILITIES

147,891

70,420

RESERVES

Income and expenditure account

7

147,891

70,420

147,891

70,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 18 September 2025 and were signed on its behalf by:

M Vanhoonacker - Director

1.	STATUTORY INFORMATION

Belgian-Luxembourg Chamber of Commerce in Great Britain (Incorporated) 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.

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.

Going Concern

The company's directors have made plans for 2024 and the years beyond to generate new sources of income and reduce costs.

The directors consider that the company has adequate working capital for the foreseeable future and this coupled with the implementation of the directors plans detailed above, mean that they consider that the company is a going concern and that the financial statements can be prepared on that basis.

Turnover

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

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

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

9,648

27,089

36,737

Additions

-

1,875

1,875

At 31 December 2024

9,648

28,964

38,612

DEPRECIATION

At 1 January 2024

7,715

24,911

32,626

Charge for year

569

1,537

2,106

At 31 December 2024

8,284

26,448

34,732

NET BOOK VALUE

At 31 December 2024

1,364

2,516

3,880

At 31 December 2023

1,933

2,178

4,111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

195,300

435,395

Other debtors

97,763

39,495

293,063

474,890

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

9,933

13,981

Other creditors

37,079

82,505

Creditors due to clients - salary administration

1,307,472

1,639,731

Creditors due to clients - salary deposits

747,183

377,422

Taxation and social security

8,378

1,020

Accruals and deferred income

83,200

263,827

2,193,245

2,378,486

7.

RESERVES

Income

and

expenditure

account

£

At 1 January 2024

70,420

Surplus for the year

77,471

At 31 December 2024

147,891

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

M Vanhoonacker

Balance outstanding at start of year

-

-

Amounts advanced

200,500

-

Amounts repaid

(149,197

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

51,303

-

Interest was charged on the directors loan at a market rate of interest.

9.	RELATED PARTY DISCLOSURES

During the year the Chamber paid £28,250 (2023 - £27,500) for rent to Gbelux Ltd a company in which the director, Mr M Vanhoonacker is also a director and shareholder. The Chamber also paid a further £98,600 (2023 - £102,000) to Gbelux Ltd for management services. The balance due to Gbelux Ltd at the year-end is £11,400 (2023 - £NIL).

During the year the Chamber raised sales invoices to Gbelux Ltd totalling £NIL (2023 - £5,280) for membership. The balance due from Gbelux Ltd at the year-end is £NIL (2023 - £NIL).

During the year the Chamber provided loans to Gbelux Ltd totalling £117,500 (2023 - £NIL). At the balance sheet date, the amount owed to the Chamber by Gbelux Ltd in relation to these loans is £NIL.

During the year the Chamber paid £15,000 (2023 - £13,000) for management services to MYUKOffice Ltd a company in which the director, Mr M Vanhoonacker is also a director and shareholder. The balance due to MYUKOffice Ltd at the year-end is £NIL. (2023 - £NIL).

During the year the Chamber raised sales invoices to MYUKOffice Ltd totalling £NIL (2023 - £630) for membership. The balance due from MYUKOffice Ltd at the year-end is £NIL (2023 - £630).

During the year the Chamber received management services totalling £8,808 (2023 - £18,644) from CDLC Services a company in which the director, Mr M Vanhoonacker is also a director and shareholder. The balance due to CDLC Services at the year-end is £NIL (2023 - £NIL).

During the year the Chamber paid PSAU Services Ltd £114,800 (2023 - £136,500) for management and legal services. Mr P Sauvage, a director of the Chamber is also a director and shareholder of PSAU Services Ltd. The balance due to PSAU Services Ltd at the year-end is £NIL (2023 - £NIL).

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of its members.

11.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.