REGISTERED NUMBER: 08974724 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bromley Bid Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A M Bawn

D Springer

M G Haynes

Miss M Woolnoth

A Wilson

L Strawson

REGISTERED OFFICE:

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

BUSINESS ADDRESS:

Clockwise Bromley

Bromley Old Town Hall

30 Tweedy Road

Bromley

BR1 3FE

REGISTERED NUMBER:

08974724 (England and Wales)

ACCOUNTANTS:

Knights Lowe Ltd

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Tangible assets

4

368

408

CURRENT ASSETS

Debtors

5

45,677

34,640

Cash at bank

112,427

141,800

158,104

176,440

CREDITORS

Amounts falling due within one year

6

13,382

24,200

NET CURRENT ASSETS

144,722

152,240

TOTAL ASSETS LESS CURRENT LIABILITIES

145,090

152,648

RESERVES

Income and expenditure account

145,090

152,648

145,090

152,648

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2025 and were signed on its behalf by:

A M Bawn - Director

1.	STATUTORY INFORMATION

Bromley Bid 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 Bromley Business Improvement District, voluntary contributions and other income generated in the course of promoting Bromley 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.

Fixtures and fittings

-

20% 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.

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

1,087

5,281

6,368

Additions

-

550

550

Disposals

-

(4,329

)

(4,329

)

At 31 March 2025

1,087

1,502

2,589

DEPRECIATION

At 1 April 2024

997

4,963

5,960

Charge for year

90

500

590

Eliminated on disposal

-

(4,329

)

(4,329

)

At 31 March 2025

1,087

1,134

2,221

NET BOOK VALUE

At 31 March 2025

-

368

368

At 31 March 2024

90

318

408

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

45,677

34,640

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

84

416

Taxation and social security

9

5,123

Other creditors

13,289

18,661

13,382

24,200

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

117,238

103,000

Between one and five years

94,558

85,000

211,796

188,000

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.