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REGISTERED NUMBER: 09856952 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ALEXANDRE BOYES LTD

ALEXANDRE BOYES LTD (REGISTERED NUMBER: 09856952)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALEXANDRE BOYES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Miss K L Boyes





REGISTERED OFFICE: Montpelier Lodge
48 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AU





REGISTERED NUMBER: 09856952 (England and Wales)





ACCOUNTANTS: Synergee Limited
Pluto House
6 Vale Avenue
Tunbridge Wells
Kent
TN1 1DJ

ALEXANDRE BOYES LTD (REGISTERED NUMBER: 09856952)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 85,000 -
Tangible assets 5 10,583 10,847
Investments 6 300 300
95,883 11,147

CURRENT ASSETS
Debtors 7 889,927 947,823
Cash in hand 211 211
890,138 948,034
CREDITORS
Amounts falling due within one year 8 (440,478 ) (269,574 )
NET CURRENT ASSETS 449,660 678,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

545,543

689,607

CREDITORS
Amounts falling due after more than one
year

9

(29,000

)

(87,000

)

PROVISIONS FOR LIABILITIES (2,011 ) (2,068 )
NET ASSETS 514,532 600,539

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Share premium 31,467 31,467
Retained earnings 481,965 567,972
SHAREHOLDERS' FUNDS 514,532 600,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALEXANDRE BOYES LTD (REGISTERED NUMBER: 09856952)

BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





Miss K L Boyes - Director


ALEXANDRE BOYES LTD (REGISTERED NUMBER: 09856952)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Alexandre Boyes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Residential sales:
Revenue from estate agency and professional services represents fees receivable and commission earned in respect of all transaction exchanged in the accounting period net of VAT.

Lettings:
Revenue from lettings arrangement fees is recognised in full at the invoice date net of VAT.

Financial services:
Revenue is recognised on commission earned net of agreements or policies lapsed during the period.

Survey, valuation and professional fees:
Revenue from survey, valuation and professional fees is recognised in full at the invoice date net of refunds and VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Tangible fixed assets are held under the cost model, and are stated at their historical cost less accumulated depreciation and impairment losses. Cost includes directly attributable expenditure in bringing the asset into the location and condition necessary for operation.

The assets' residual values; useful lives and depreciation methods are reviewed periodically and prospectively adjusted where appropriate; or where there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount, and are recognised in the statement of income and retained earnings.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

ALEXANDRE BOYES LTD (REGISTERED NUMBER: 09856952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors; loans from banks and other third parties; loans to related parties and investments in non-puttable ordinary shares.

Debt instruments, other than those wholly payable or receivable within one year, including loans and other accounts receivable and payable are initially measured at the present value of future cash flows, and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of consideration expected to be paid or received. If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not at a market rate, the financial asset or liability is initially measured at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument, and subsequently measured at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment, and such impairments is recognised in total comprehensive income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by hire purchase are depreciated over the useful economic life. Assets acquired by finance lease are depreciated over the term of the lease, or useful economic life if shorter.

Finance leases are those where substantially all of the risks and benefits of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of finance charges allocated to future periods. The finance element of the rental payment is charged to the statement of income and retained earnings so as to produce a constant, periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ALEXANDRE BOYES LTD (REGISTERED NUMBER: 09856952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

The company operates a defined contribution pension scheme. A defined contribution scheme is a plan under which the company pays fixed contributions into a separate legal entity. Once the contributions have been paid, the company has no further payment obligations.

Contributions payable to the company's pension scheme are recognised in the statement of income and retained earnings in the period to which they fall due. Amounts not paid by the reporting date are shown within accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Cash and cash equivalents
Cash is represented by cash in hand and bank current and short term deposit accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 85,000
At 28 February 2023 85,000
NET BOOK VALUE
At 28 February 2023 85,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 5,307 19,918 28,062 53,287
Additions - - 3,578 3,578
At 28 February 2023 5,307 19,918 31,640 56,865
DEPRECIATION
At 1 March 2022 3,740 16,668 22,032 42,440
Charge for year 314 813 2,715 3,842
At 28 February 2023 4,054 17,481 24,747 46,282
NET BOOK VALUE
At 28 February 2023 1,253 2,437 6,893 10,583
At 28 February 2022 1,567 3,250 6,030 10,847


ALEXANDRE BOYES LTD (REGISTERED NUMBER: 09856952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 300
NET BOOK VALUE
At 28 February 2023 300
At 28 February 2022 300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 604,060 702,899
Other debtors 285,867 244,924
889,927 947,823

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 71,229 68,249
Trade creditors 20,259 27,273
Amounts owed to group undertakings 102,621 108,815
Taxation and social security 97,516 64,837
Other creditors 148,853 400
440,478 269,574

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,000 87,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 87,000 145,000

The bank loan is secured by a fixed and floating charge over all assets of the company.

ALEXANDRE BOYES LTD (REGISTERED NUMBER: 09856952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Miss K L Boyes
Balance outstanding at start of year 175,576 130,399
Amounts advanced 286,516 180,947
Amounts repaid (176,225 ) (135,770 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 285,867 175,576

Advances to directors are unsecured and repayable on demand. Interest is charged at HMRC's official rate.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss K L Boyes.

The parent company is Ria Futures Limited, a company incorporated in England and Wales. The registered office of the parent company is Montpelier Lodge, 48 Mount Ephraim, Tunbridge Wells, Kent, England, TN4 8AU. Consolidated group accounts are not prepared.