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Registration number: 00009604

Hull & Humber Chamber of Commerce Industry & Shipping
(A company limited by guarantee)
Annual Report and Consolidated Financial Statements
for the Year Ended 30 September 2025

Hull & Humber Chamber of Commerce Industry & Shipping

Contents

Company Information | 1
Directors' Report | 2
Consolidated Profit and Loss Account | 3
Consolidated Balance Sheet | 4
Balance Sheet | 5
Consolidated Statement of Changes in Equity | 6
Statement of Changes in Equity | 7
Notes to the Financial Statements | 8 to 13

Hull & Humber Chamber of Commerce Industry & Shipping

Company Information

Directors | Dr I S Kelly Mrs I Keal Mr J A Harris Mr P D Jackson Mr A E Weatherill Mr P Cooper Mrs V Welsh Mr M J Walker Mr C K Akdemir Mr R S Gwilliam

Company secretary | Mrs S E Dennison

Registered office | 34 - 38 Beverley Road Hull East Yorkshire HU3 1YE

Hull & Humber Chamber of Commerce Industry & Shipping

Directors' Report for the Year Ended 30 September 2025

The directors present their report and the for the year ended 30 September 2025.

Principal activity

The principal activity of the group is the promotion and protection of trade, commerce, industry and shipping, the supply of employment and training services and property management.

Directors of the group

The directors who held office during the year were as follows:

Dr I S Kelly

Mrs I Keal

Mr J A Harris

Mr P D Jackson (appointed 7 March 2025)

Mr A E Weatherill

Mr P Andrews (ceased 7 March 2025)

Mr P Cooper (appointed 7 March 2025)

Sir N Dakin (ceased 7 March 2025)

Mrs V Welsh (appointed 12 June 2025)

Mr M J Walker

Mr C K Akdemir

Mrs C C Bennett (ceased 30 April 2025)

Mr R S Gwilliam

Approved and authorised by the Board on 2 December 2025 and signed on its behalf by:

......................................... Dr I S Kelly Director

Hull & Humber Chamber of Commerce Industry & Shipping

Consolidated Profit and Loss Account for the Year Ended 30 September 2025

| Note | 2025 £ | 2024 £
Turnover |  | 1,615,243 | 1,756,055
Cost of sales |  | (454,997) | (635,188)
Gross surplus |  | 1,160,246 | 1,120,867
Administrative expenses |  | (1,037,880) | (1,018,993)
Operating surplus | 3 | 122,366 | 101,874
Gain on financial assets at fair value through profit and loss |  | 79,453 | 117,639
Income from other fixed assets investments |  | 20,725 | 19,312
Other interest receivable and similar income | 4 | 1,083 | 1,488
Interest payable and similar expenses | 5 | (1,778) | (2)
|  | 99,483 | 138,437
Surplus before tax |  | 221,849 | 240,311
Tax on profit | 8 | (326) | 1
Surplus for the financial year |  | 221,523 | 240,312
Profit/(loss) attributable to: |  |  |
Owners of the company |  | 221,523 | 240,312

Hull & Humber Chamber of Commerce Industry & Shipping

(Registration number: 00009604)
Consolidated Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 9 | (30,550) | (31,630)
Tangible assets | 10 | 530,593 | 540,198
Other financial assets |  | 1,119,247 | 1,069,282
|  | 1,619,290 | 1,577,850
Current assets |  |  |
Debtors | 11 | 3,979,589 | 3,591,862
Cash at bank and in hand |  | 514,506 | 862,707
|  | 4,494,095 | 4,454,569
Creditors: Amounts falling due within one year | 13 | (330,701) | (396,873)
Net current assets |  | 4,163,394 | 4,057,696
Net assets |  | 5,782,684 | 5,635,546
Reserves |  |  |
Revaluation reserve |  | 402,324 | 402,324
Other reserves |  | 3,190,627 | 3,265,013
Retained earnings |  | 2,189,733 | 1,968,209
Attributable to owners of the company |  | 5,782,684 | 5,635,546
Surplus |  | 5,782,684 | 5,635,546

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Approved and authorised by the Board on 2 December 2025 and signed on its behalf by:

......................................... Dr I S Kelly Director | ......................................... Mr C K Akdemir Director |

Hull & Humber Chamber of Commerce Industry & Shipping

(Registration number: 00009604)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 10 | 1,457 | 5,271
Investments |  | 102 | 102
|  | 1,559 | 5,373
Current assets |  |  |
Debtors | 11 | 546,283 | 513,422
Cash at bank and in hand |  | 202,898 | 187,044
|  | 749,181 | 700,466
Creditors: Amounts falling due within one year | 13 | (153,424) | (149,947)
Net current assets |  | 595,757 | 550,519
Net assets |  | 597,316 | 555,892
Reserves |  |  |
Retained earnings |  | 597,316 | 555,892
Surplus |  | 597,316 | 555,892

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 2 December 2025 and signed on its behalf by:

......................................... Dr I S Kelly Director
......................................... Mr C K Akdemir Director

Hull & Humber Chamber of Commerce Industry & Shipping

Consolidated Statement of Changes in Equity for the Year Ended 30 September 2025
Equity attributable to the parent company

| Revaluation reserve £ | Other reserves £ | Profit and loss account £ | Total £ | Total equity £
At 1 October 2024 | 402,324 | 3,265,013 | 1,968,210 | 5,635,547 | 5,635,547
Surplus for the year | - | - | 221,523 | 221,523 | 221,523
Other comprehensive income | - | (74,386) | - | (74,386) | (74,386)
Total comprehensive income | - | (74,386) | 221,523 | 147,137 | 147,137
At 30 September 2025 | 402,324 | 3,190,627 | 2,189,733 | 5,782,684 | 5,782,684

Hull & Humber Chamber of Commerce Industry & Shipping

Statement of Changes in Equity for the Year Ended 30 September 2025

| Profit and loss account £ | Total £
At 1 October 2024 | 555,892 | 555,892
Surplus for the year | 41,424 | 41,424
Total comprehensive income | 41,424 | 41,424
At 30 September 2025 | 597,316 | 597,316

| Retained earnings £ | Total £
At 1 October 2023 | 514,402 | 514,402
Surplus for the year | 41,490 | 41,490
At 30 September 2024 | 555,892 | 555,892

Hull & Humber Chamber of Commerce Industry & Shipping

Notes to the Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
34 - 38 Beverley Road
Hull
East Yorkshire
HU3 1YE

These financial statements were authorised for issue by the Board on 2 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.
The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Hull & Humber Chamber of Commerce Industry & Shipping

Notes to the Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and Buildings | 2% on cost and 25% on cost
Plant and Machinery | 25% reducing balance, 25% and 20% cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

The company is limited by guarantee and as such has no share capital.
The members of the company guarantee its indebtedness. This liability is limited to a nominal sum of £1 each. The directors may admit members in accordance with the Articles of Association.
Each member is entitled to one vote at a general meeting, irrespective of the guarantee that he or she may have made.
In the event of a winding up or dissolution of the company, the members are not entitled to a share of the assets or of any surplus arising.

3 | Operating surplus

Arrived at after charging/(crediting)

Hull & Humber Chamber of Commerce Industry & Shipping

Notes to the Financial Statements for the Year Ended 30 September 2025

| 2025 £ | 2024 £
Depreciation expense | 9,605 | 17,643
Amortisation expense | (12,365) | (12,365)

4 | Other interest receivable and similar income

| 2025 £ | 2024 £
Interest income on bank deposits | 1,083 | 1,488

5 | Interest payable and similar expenses

| 2025 £ | 2024 £
Foreign exchange gains | 1,778 | 2

6 | Staff costs

The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:

| 2025 No. | 2024 No.
Administration and support | 9 | 9
Sales, marketing and distribution | 3 | 3
Other departments | 8 | 9
| 20 | 21

7 | Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 167,835 | 159,535

8 | Taxation

Tax charged/(credited) in the consolidated profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 326 | (1)

9 | Intangible assets

Group

Hull & Humber Chamber of Commerce Industry & Shipping

Notes to the Financial Statements for the Year Ended 30 September 2025

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | (43,508) | (43,508)
At 30 September 2025 | (43,508) | (43,508)
Amortisation
At 1 October 2024 | (11,878) | (11,878)
Amortisation charge | (1,080) | (1,080)
At 30 September 2025 | (12,958) | (12,958)
Carrying amount
At 30 September 2025 | (30,550) | (30,550)
At 30 September 2024 | (31,630) | (31,630)

10 | Tangible assets

Group

| Land and buildings £ | Other tangible assets £ | Total £
Cost or valuation
At 1 October 2024 | 781,924 | 457,338 | 1,239,262
At 30 September 2025 | 781,924 | 457,338 | 1,239,262
Depreciation
At 1 October 2024 | 246,824 | 452,240 | 699,064
Charge for the year | 5,700 | 3,905 | 9,605
At 30 September 2025 | 252,524 | 456,145 | 708,669
Carrying amount
At 30 September 2025 | 529,400 | 1,193 | 530,593
At 30 September 2024 | 535,100 | 5,098 | 540,198

Included within the net book value of land and buildings above is £529,400 (2024 - £535,100) in respect of freehold land and buildings and £Nil (2024 - £Nil) in respect of short leasehold land and buildings.

Hull & Humber Chamber of Commerce Industry & Shipping

Notes to the Financial Statements for the Year Ended 30 September 2025

Company

| Other tangible assets £ | Total £
Cost or valuation
At 1 October 2024 | 166,990 | 166,990
At 30 September 2025 | 166,990 | 166,990
Depreciation
At 1 October 2024 | 161,719 | 161,719
Charge for the year | 3,814 | 3,814
At 30 September 2025 | 165,533 | 165,533
Carrying amount
At 30 September 2025 | 1,457 | 1,457
At 30 September 2024 | 5,271 | 5,271

11 | Debtors

|  | Group | Company
Current | Note | 2025 £ | 2024 £ | 2025 £ | 2024 £
Trade debtors |  | 3,930,758 | 3,535,789 | 115,057 | 128,153
Amounts owed by related parties |  | - | - | 398,395 | 360,765
Other debtors |  | 4,965 | 4,340 | - | -
Prepayments |  | 17,471 | 11,923 | 6,436 | 3,730
Accrued income |  | 26,395 | 39,810 | 26,395 | 20,774
|  | 3,979,589 | 3,591,862 | 546,283 | 513,422

12 | Cash and cash equivalents

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Cash at bank | 514,506 | 862,707 | 202,898 | 187,044
Bank overdrafts | - | (82) | - | -
Cash and cash equivalents in statement of cash flows | 514,506 | 862,625 | 202,898 | 187,044

Hull & Humber Chamber of Commerce Industry & Shipping

Notes to the Financial Statements for the Year Ended 30 September 2025

13 | Creditors

|  | Group | Company
| Note | 2025 £ | 2024 £ | 2025 £ | 2024 £
Due within one year |  |  |  |  |
Loans and borrowings |  | - | 82 | - | -
Trade creditors |  | 69,076 | 89,494 | 47,643 | 52,929
Amounts due to related parties |  | - | - | - | 768
Social security and other taxes |  | 55,851 | 50,022 | 32,276 | 33,986
Other payables |  | 4,455 | 2,626 | 4,455 | 2,626
Accruals |  | 194,879 | 237,249 | 69,045 | 59,633
Income tax liability | 8 | 675 | 350 | 5 | 5
Deferred income |  | 5,765 | 17,050 | - | -
|  | 330,701 | 396,873 | 153,424 | 149,947