Silverfin false 28/02/2023 01/12/2021 28/02/2023 E M Nella 27/11/2020 S Nella 01/11/2022 19 October 2023 The principal activity of the Company during the financial period was residents property management. 13046671 2023-02-28 13046671 bus:Director1 2023-02-28 13046671 bus:Director2 2023-02-28 13046671 2021-11-30 13046671 core:CurrentFinancialInstruments 2023-02-28 13046671 core:CurrentFinancialInstruments 2021-11-30 13046671 core:Non-currentFinancialInstruments 2023-02-28 13046671 core:Non-currentFinancialInstruments 2021-11-30 13046671 core:ShareCapital 2023-02-28 13046671 core:ShareCapital 2021-11-30 13046671 core:RetainedEarningsAccumulatedLosses 2023-02-28 13046671 core:RetainedEarningsAccumulatedLosses 2021-11-30 13046671 core:Vehicles 2021-11-30 13046671 core:Vehicles 2023-02-28 13046671 2020-11-30 13046671 bus:OrdinaryShareClass1 2023-02-28 13046671 bus:OrdinaryShareClass2 2023-02-28 13046671 2021-12-01 2023-02-28 13046671 bus:FullAccounts 2021-12-01 2023-02-28 13046671 bus:SmallEntities 2021-12-01 2023-02-28 13046671 bus:AuditExemptWithAccountantsReport 2021-12-01 2023-02-28 13046671 bus:PrivateLimitedCompanyLtd 2021-12-01 2023-02-28 13046671 bus:Director1 2021-12-01 2023-02-28 13046671 bus:Director2 2021-12-01 2023-02-28 13046671 core:Vehicles 2021-12-01 2023-02-28 13046671 2020-12-01 2021-11-30 13046671 core:Non-currentFinancialInstruments 2021-12-01 2023-02-28 13046671 bus:OrdinaryShareClass1 2021-12-01 2023-02-28 13046671 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 13046671 bus:OrdinaryShareClass2 2021-12-01 2023-02-28 13046671 bus:OrdinaryShareClass2 2020-12-01 2021-11-30 13046671 bus:OrdinaryShareClass3 2021-12-01 2023-02-28 13046671 bus:OrdinaryShareClass3 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13046671 (England and Wales)

BONI MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial period from 01 December 2021 to 28 February 2023
Pages for filing with the registrar

BONI MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial period from 01 December 2021 to 28 February 2023

Contents

BONI MANAGEMENT LIMITED

BALANCE SHEET

As at 28 February 2023
BONI MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 28.02.2023 30.11.2021
£ £
Fixed assets
Tangible assets 4 53,234 0
53,234 0
Current assets
Debtors 5 10 0
Cash at bank and in hand 5,704 18,555
5,714 18,555
Creditors: amounts falling due within one year 6 ( 27,072) ( 4,578)
Net current (liabilities)/assets (21,358) 13,977
Total assets less current liabilities 31,876 13,977
Creditors: amounts falling due after more than one year 7 ( 35,412) 0
Provision for liabilities 8 ( 1,576) 0
Net (liabilities)/assets ( 5,112) 13,977
Capital and reserves
Called-up share capital 9 100 10
Profit and loss account ( 5,212 ) 13,967
Total shareholders' (deficit)/funds ( 5,112) 13,977

For the financial period ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Boni Management Limited (registered number: 13046671) were approved and authorised for issue by the Board of Directors on 19 October 2023. They were signed on its behalf by:

S Nella
Director
BONI MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2021 to 28 February 2023
BONI MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2021 to 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Boni Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Murray House, Murray Road, Orpington, BR5 3QY, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Reporting period length

Reporting period length is from 1st December 2021 to 28th February 2023.

Turnover

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 company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company 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 company's activities.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

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.

Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at
initial recognition.

All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

3. Employees

Period from
01.12.2021 to
28.02.2023
Year ended
30.11.2021
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 1

4. Tangible assets

Vehicles Total
£ £
Cost
At 01 December 2021 0 0
Additions 60,839 60,839
At 28 February 2023 60,839 60,839
Accumulated depreciation
At 01 December 2021 0 0
Charge for the financial period 7,605 7,605
At 28 February 2023 7,605 7,605
Net book value
At 28 February 2023 53,234 53,234
At 30 November 2021 0 0

5. Debtors

28.02.2023 30.11.2021
£ £
Other debtors 10 0

6. Creditors: amounts falling due within one year

28.02.2023 30.11.2021
£ £
Taxation and social security 21,759 3,276
Obligations under finance leases and hire purchase contracts 3,012 0
Other creditors 2,301 1,302
27,072 4,578

7. Creditors: amounts falling due after more than one year

28.02.2023 30.11.2021
£ £
Obligations under finance leases and hire purchase contracts 35,412 0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

28.02.2023 30.11.2021
£ £
At the beginning of financial period/year 0 0
Charged to the Profit and Loss Account ( 1,576) 0
At the end of financial period/year ( 1,576) 0

9. Called-up share capital

28.02.2023 30.11.2021
£ £
Allotted, called-up and fully-paid
90 Ordinary A shares of £ 1.00 each (30.11.2021: nil shares) 90 0
10 Ordinary B shares of £ 1.00 each (30.11.2021: nil shares) 10 0
nil Ordinary shares (30.11.2021: 10 shares of £ 1.00 each) 0 10
100 10

During the year 90 A Ordinary shares were issues having nominal value of £1 at par.