London Riverside (BID) Limited
London Riverside (BID) Limited
Registered number: 05922458
Unaudited Financial Statements
For The Year Ended
31 March 2022
London Riverside (BID) Limited
Unaudited Financial Statements
For The Year Ended
31 March 2022
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
London Riverside (BID) Limited
Balance Sheet
As at
31 March 2022
Balance Sheet
Registered number:
05922458
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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Income and Expenditure Account |
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MEMBERS' FUNDS | 228,281 | 214,480 | |||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Director
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Director
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The notes on pages 2 to 3 form part of these financial statements.
London Riverside (BID) Limited
Notes to the Financial Statements
For The Year Ended
31 March 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable of services provided, BID levy, sponsorship and grants in the normal course of business, and is net of value added taxes.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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Fixtures & Fittings |
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1.4.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Taxable profit differs from net profit as reported in the profit and loss because it excludes terms of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: NIL)
3.
Tangible Assets
Plant & Machinery | |
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Cost | |
As at
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Additions |
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As at
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Depreciation | |
As at
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Provided during the period |
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As at
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Net Book Value | |
As at
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As at
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London Riverside (BID) Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2022
4.
Debtors
2022 | 2021 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.
Creditors
2022 | 2021 | ||
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£ | £ | ||
Trade creditors |
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Corporation tax |
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Accruals and deferred income |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7.
General Information
London Riverside (BID) Limited
is a private company, limited by guarantee, incorporated in England & Wales, registered number
05922458
. The registered office is RECYCLING HOUSE, FERRY LANE SOUTH, RAINHAM, ESSEX, RM13 9DB.