REGISTERED NUMBER: 13952117 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Herefordshire County BID Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P M Darnley

Mrs J Hilditch DL

G P Jones

Mrs K Morgan

F Myers MBE

M J F Pudge

Mrs A M Vaughan

A J N Blandford

E J O'Driscoll

Miss E A R M Pillidge

REGISTERED OFFICE:

11 Corn Square

Leominster

HR6 8YP

REGISTERED NUMBER:

13952117 (England and Wales)

AUDITORS:

R J Francis & Co Limited

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

4,153

3,058

CURRENT ASSETS

Debtors

5

24,962

73,524

Cash at bank

547,435

318,463

572,397

391,987

CREDITORS

Amounts falling due within one year

6

104,082

148,134

NET CURRENT ASSETS

468,315

243,853

TOTAL ASSETS LESS CURRENT LIABILITIES

472,468

246,911

CREDITORS

Amounts falling due after more than one year

7

149,500

175,000

NET ASSETS

322,968

71,911

RESERVES

Income and expenditure account

322,968

71,911

322,968

71,911

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 11 November 2025 and were signed on its behalf by:

M J F Pudge - Director

G P Jones - Director

1.	STATUTORY INFORMATION

Herefordshire County BID Ltd 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

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

-

20% on reducing balance

Computer equipment

-

20% 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

2,352

1,871

4,223

Additions

-

1,847

1,847

At 31 March 2025

2,352

3,718

6,070

DEPRECIATION

At 1 April 2024

470

695

1,165

Charge for year

377

375

752

At 31 March 2025

847

1,070

1,917

NET BOOK VALUE

At 31 March 2025

1,505

2,648

4,153

At 31 March 2024

1,882

1,176

3,058

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,482

7,142

Other debtors

21,480

66,382

24,962

73,524

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

37,374

51,011

Taxation and social security

-

17,708

Other creditors

66,708

79,415

104,082

148,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

149,500

175,000

Post year end, Herefordshire Council agreed the loan balance would be reduced from £210,000 to £110,000.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

A A Houston (Senior Statutory Auditor)

for and on behalf of R J Francis & Co Limited

9.	RELATED PARTY DISCLOSURES

During the period the company paid room hire costs to the Green Dragon Hotel totalling £166 (2024: £2,161) and rent costs to Hop Pocket Self Storage Ltd totalling £1,106. In addition volunteer memberships were paid by companies of which directors are also directors of totalling £240 (2024: £557).