Company Registration No. 10231689 (England and Wales)
Putney Bidco Limited
Unaudited accounts
for the year ended 31 March 2021
Putney Bidco Limited
Unaudited accounts
Contents
Putney Bidco Limited
Company Information
for the year ended 31 March 2021
Directors
Eleanor Jane Evans
Nicola Jane Grant
Michael John Donall Murphy
Anne Elizabeth Partridge
Veronika Noble Wilson
Councillor Jonathan Peter Cook
Anthony Hicks
Chris Cary
Shweta Razdan
Company Number
10231689 (England and Wales)
Registered Office
PUTNEY BID OFFICE, CREWROOM STUDIOS EMBA
PUTNEY
LONDON
SW15 1LB
ENGLAND
Accountants
Business Clan Ltd
16 West Barnes Lane
West Wimbledon
London
SW20 0BU
Putney Bidco Limited
Statement of financial position
as at
31 March 2021
Tangible assets
4,136
6,540
Cash at bank and in hand
57,753
36,867
Creditors: amounts falling due within one year
(15,477)
(21,516)
Net current assets
48,922
99,851
Total assets less current liabilities
53,058
106,391
Creditors: amounts falling due after more than one year
-
(67,488)
Profit and loss account
53,058
38,903
Members' funds
53,058
38,903
For the year ending 31 March 2021 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2021 and were signed on its behalf by
Veronika Noble Wilson
Director
Company Registration No. 10231689
Putney Bidco Limited
Notes to the Accounts
for the year ended 31 March 2021
Putney Bidco Limited is a private company, limited by guarantee, registered in England and Wales, registration number 10231689. The registered office is PUTNEY BID OFFICE, CREWROOM STUDIOS EMBA, PUTNEY, LONDON, SW15 1LB, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Putney Bidco Limited 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33%
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Putney Bidco Limited
Notes to the Accounts
for the year ended 31 March 2021
Putney BIDCO Limited is the business improvement district for Putney town centre. The results for the year and the financial position of the company are as shown below.
Total levy income collected for 2020-2021 was £175,000 (Previous year 2019-2020 was £258,768), with a levy rate of 1.25%. COVID19 had a significant impact on all our businesses and so collection was lower than previous years.
2020/2021 was the fourth year of the BIDS five year term.
We have delivered projects and services with three main aims:
Promoting Putney as a welcoming place to shop, live and work
Make Putney a safer and cleaner town centre
Encourage Putney businesses to work together?
The annual accounts were presented at the AGM on 7th July, 2021 (Previous year AGM - 10th June, 2020) and approved at the board meeting on 8th September, 2021.
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Tangible fixed assets
Total
Charge for the year
2,404
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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.
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Average number of employees
During the year the average number of employees was 4 (2020: 3).