0 false false false false false false false false false true false false true true true true true true true true No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 800,000 800,000 63,720 63,720 xbrli:pure xbrli:shares iso4217:GBP 07824274 2022-04-01 2023-03-31 07824274 2023-03-31 07824274 2022-03-31 07824274 2022-03-31 07824274 bus:RegisteredOffice 2022-04-01 2023-03-31 07824274 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 07824274 bus:Director1 2022-04-01 2023-03-31 07824274 bus:Director2 2022-04-01 2023-03-31 07824274 core:NetGoodwill 2023-03-31 07824274 core:WithinOneYear 2023-03-31 07824274 core:WithinOneYear 2022-03-31 07824274 core:ShareCapital 2023-03-31 07824274 core:ShareCapital 2022-03-31 07824274 core:RetainedEarningsAccumulatedLosses 2023-03-31 07824274 core:RetainedEarningsAccumulatedLosses 2022-03-31 07824274 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 07824274 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-03-31 07824274 bus:SmallEntities 2022-04-01 2023-03-31 07824274 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07824274 bus:FullAccounts 2022-04-01 2023-03-31 07824274 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07824274 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07824274 core:NetGoodwill 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 07824274
BOUTIQUE CAPITAL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
BOUTIQUE CAPITAL LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3 to 6
BOUTIQUE CAPITAL LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr J Hoad
Mr M White
Registered office
Lynton House
7 - 12 Tavistock Square
London
WC1H 9BQ
Accountants
BSG Valentine (UK) LLP
Chartered accountants
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
BOUTIQUE CAPITAL LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
853
1,706
CURRENT ASSETS
Debtors
7
4,924
3,944
Cash at bank and in hand
6,455
20,381
--------
--------
11,379
24,325
CREDITORS: amounts falling due within one year
8
5,403
6,208
--------
--------
NET CURRENT ASSETS
5,976
18,117
-------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
6,829
19,823
-------
--------
NET ASSETS
6,829
19,823
-------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
6,729
19,723
-------
--------
SHAREHOLDERS FUNDS
6,829
19,823
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 October 2023 , and are signed on behalf of the board by:
Mr J Hoad
Director
Company registration number: 07824274
BOUTIQUE CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7 - 12 Tavistock Square, London, WC1H 9BQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Over 5 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Intangible assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
800,000
---------
Amortisation
At 1 April 2022 and 31 March 2023
800,000
---------
Carrying amount
At 31 March 2023
---------
At 31 March 2022
---------
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2022 and 31 March 2023
4,611
4,611
-------
-------
Depreciation
At 1 April 2022
2,905
2,905
Charge for the year
853
853
-------
-------
At 31 March 2023
3,758
3,758
-------
-------
Carrying amount
At 31 March 2023
853
853
-------
-------
At 31 March 2022
1,706
1,706
-------
-------
6. Investments
Shares in participating interests
£
Cost
At 1 April 2022 and 31 March 2023
63,720
--------
Impairment
At 1 April 2022 and 31 March 2023
63,720
--------
Carrying amount
At 31 March 2023
--------
At 31 March 2022
--------
7. Debtors
2023
2022
£
£
Other debtors
4,924
3,944
-------
-------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
5,403
6,208
-------
-------
9. Directors' advances, credits and guarantees
As at the balance sheet date an amount of £20 was owing to the company by the directors.
10. Controlling party
The company was under the control of the directors throughout the current period.