SUNDERLAND BID LIMITED - Filleted accounts

Registered number

08802680

SUNDERLAND BID LIMITED

Unaudited Filleted Accounts

31 March 2025

SUNDERLAND BID LIMITED
Registered number:		08802680
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	5		16,403			17,342

Current assets
Debtors	6	150,618			108,302
Cash at bank and in hand		35,298			11,280
		185,916			119,582

Creditors: amounts falling due within one year	7	(190,447)			(121,622)

Net current liabilities			(4,531)			(2,040)

Total assets less current liabilities			11,872			15,302

Creditors: amounts falling due after more than one year	8		-			-



Net assets			11,872			15,302

Capital and reserves
Profit and loss account			11,872			15,302

Members Funds			11,872			15,302

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The Statement of Income and Expenditure has not been delivered to the Registrar of Companies.




Mr A Patchett
Director
Approved by the board on 22 October 2025

SUNDERLAND BID LIMITED
Notes to the Accounts
for the year ended 31 March 2025



1	Accounting policies

	Other information

	Sunderland BID Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
	The Yard Suite 0.2
	Gill Bridge Avenue
	Sunderland
	SR1 3AW

	Statement of Compliance

	The accounts have been prepared under the historical cost convention and in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

	Basis of preparation
	These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

	Revenue recognition
	Turnover is measured at the fair value of the consideration received or receivable for goods supplied, services rendered and levies received, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the provision of services and receipt of levies are recognised on an accruals basis. Revenues are recognised over the period that the services are provided.

	Grant income
	Income from grants is recognised on an accruals basis. Grants are recognised within the Financial Statements in the period where there is reasonable assurance that the grant conditions will be met and that all conditions attaching to the grant will be complied with. When the grant relates to an expense, it is recognised as income over the period necessary to match the grant on a systematic basis to the costs that it intends to compensate.

	Tangible assets
	Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
	An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

	Depreciation
	Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	15% Reducing Balance
	Event Equipment	15% Reducing Balance

	Financial instruments
	A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
	For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
	Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

	Defined contribution plans
	Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

	Operating leases
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Company Limited by Guarantee
	The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.


3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			9		7


4	Profit Before Taxation
	Profit before taxation is stated after charging:
				2025		2024
£					£
	Depreciation of tangible assets			2,685		2,907


5	Tangible fixed assets
		Fixtures & Fittings		Event Equipment		Total
£			£		£
	Cost
	At 1 April 2024	40,852		3,073		43,925
	Additions	67		1,679		1,746
	At 31 March 2025	40,919		4,752		45,671

	Depreciation
	At 1 April 2024	25,930		653		26,583
	Charge for the year	2,250		435		2,685
	At 31 March 2025	28,180		1,088		29,268

	Net book value
	At 31 March 2025	12,739		3,664		16,403
	At 31 March 2024	14,922		2,420		17,342


6	Debtors			2025		2024
£					£

	Trade debtors			23,293		58,315
	Other debtors			127,325		49,987
				150,618		108,302


7	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			34,835		91,401
	Taxation and social security costs			15,275		15,829
	Other creditors			140,337		14,392
				190,447		121,622


8	Creditors: amounts falling due after one year			2025		2024
£					£

	Other creditors			-		-


9	Operating Leases			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases
	Not later than 1 year			16,937		16,829
	Later than 1 year and not later than 5 years			50,811		67,316
				67,748		84,145