London Riverside (BID) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 05922458

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		469,893		39,507

			469,893		39,507
CURRENT ASSETS
Debtors	5	59,414		70,207
Cash at bank and in hand		135,019		330,047

		194,433		400,254
Creditors: Amounts Falling Due Within One Year	6	(20,693 )		(41,492 )

NET CURRENT ASSETS (LIABILITIES)			173,740		358,762

TOTAL ASSETS LESS CURRENT LIABILITIES			643,633		398,269

NET ASSETS			643,633		398,269

Income and Expenditure Account			643,633		398,269

MEMBERS' FUNDS			643,633		398,269

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr D Keeble Director	Mr I Dervish Director
18/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

London Riverside (BID) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05922458 . The registered office is Recycling House, Ferry Lane South, Rainham, Essex, RM13 9DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable of services provided, BID levy, sponsorship and grants in the normal course of business, and is net of value added taxes. Turnover recognised for the year includes £316,795 relating to grant funding.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Straight Line over lease term
Plant & Machinery	Straight Line over 4 years

2.4. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Taxable profit differs from net profit as reported in the profit and loss because it excludes terms of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 8 (2024: 7)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2024	-	250,463	250,463
Additions	472,596	35,615	508,211

As at 31 March 2025	472,596	286,078	758,674

Depreciation
As at 1 April 2024	-	210,956	210,956
Provided during the period	59,161	18,664	77,825

As at 31 March 2025	59,161	229,620	288,781

Net Book Value
As at 31 March 2025	413,435	56,458	469,893

As at 1 April 2024	-	39,507	39,507

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London Riverside (BID) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	889	876
Other debtors	58,525	69,331

	59,414	70,207

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,957	3,420
Corporation tax	736	748
Accruals and deferred income	2,000	37,324

	20,693	41,492

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7. Company 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.

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