REGISTERED NUMBER: 07205523 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Nottingham BID Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Nigel Wheatley

John Stephen Jackson

Mr Richard Puneet Singh Johal

Mr Benjamin Dorks

Ms Samantha Gordon

Ms Kelly Marshall-Hill

Mr Aaron Wilson

Ms Melanie Laura Kidd

Mr Jeremy Alan Edward Hague

Ms Natalie Ann Shaw

REGISTERED OFFICE:

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

07205523 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

CURRENT ASSETS

Debtors

4

70,749

106,893

Prepayments and accrued income

111,130

45,178

Cash at bank

680,165

842,436

862,044

994,507

CREDITORS

Amounts falling due within one year

5

393,272

333,873

NET CURRENT ASSETS

468,772

660,634

TOTAL ASSETS LESS CURRENT LIABILITIES

468,772

660,634

ACCRUALS AND DEFERRED INCOME

199,198

563,127

NET ASSETS

269,574

97,507

RESERVES

BID renewal reserve

30,000

30,000

Income and expenditure account

239,574

67,507

269,574

97,507

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 27 September 2025 and were signed on its behalf by:

John Stephen Jackson - Director

1.	STATUTORY INFORMATION

Nottingham BID Company 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.

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

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

9,808

23,937

Other debtors

60,941

82,956

70,749

106,893

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

37,974

-

Tax

1,610

686

Social security and other taxes

9,857

14,323

VAT

11,453

-

Other creditors

332,378

318,864

393,272

333,873

6.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

7.	SHARE CAPITAL

The company has no share capital as it is limited by guarantee. The liability of each member is limited to £1 being the amount each member undertakes to contribute to the assets of the company in the event of it being wound up while he is a member or within one year after he ceases to be a member.

8.	BID RENEWAL RESERVE

A reserve has been created to ensure that there are enough funds designated to cover the cost of the renewal ballot process in 2025 and also to cover the winding down costs should the ballot fail.

An amount of £30,000 has been included for the 2024 year.