REGISTERED NUMBER: 08409718 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ST IVES BID LTD

A COMPANY LIMITED BY GUARANTEE

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

890

-

CURRENT ASSETS

Debtors

5

20,938

751

Cash at bank and in hand

39,882

44,694

60,820

45,445

CREDITORS

Amounts falling due within one year

6

5,321

28,705

NET CURRENT ASSETS

55,499

16,740

TOTAL ASSETS LESS CURRENT LIABILITIES

56,389

16,740

RESERVES

Income and expenditure account

56,389

16,740

56,389

16,740

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 18 December 2025 and were signed on its behalf by:

Mrs A S Ward - Director

1.	STATUTORY INFORMATION

St Ives Bid Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08409718

Registered office:

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

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.

Income

Income represents net invoiced sales of services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 3 years

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 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,475

Additions

994

At 31 March 2025

2,469

DEPRECIATION

At 1 April 2024

1,475

Charge for year

104

At 31 March 2025

1,579

NET BOOK VALUE

At 31 March 2025

890

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,938

751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,430

20,797

Taxation and social security

569

5,466

Other creditors

3,322

2,442

5,321

28,705

7.	RELATED PARTY DISCLOSURES

Cornwall County Council, a bid member, collected the levy fees on behalf of St Ives BID Ltd for which a charge of £2,550. was payable. At the period end £49,833 of levy fees are due from the Council of which £32,979 has been received in advance from businesses in advance of 2025/26, the net figure of £16,854 is disclosed in trade debtors.

In the opinion of the directors there were no further related party transactions considered to be of significance to the company.

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of its board of directors. All decisions require a majority vote with the chair person having the casting vote if necessary.

9.	LIMITED BY GUARANTEE

The company is limited by guarantee and each member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.

10.	CONTINGENT ASSETS

As at the year end BID levy and costs of £2,771 (2024: £2,868) remained unpaid by BID members. This has not been recognised as a debtor in the accounts as it is contingent on Cornwall Council being able to collect this money and only becomes payable to St Ives BID Ltd when this has been achieved.