Silverfin false 28/02/2023 01/03/2022 28/02/2023 W J Thomas 20/06/2015 F W Thomas 20/06/2015 17 November 2023 The principal activity of the Company during the financial year was property development. 09649793 2023-02-28 09649793 bus:Director1 2023-02-28 09649793 bus:Director2 2023-02-28 09649793 core:CurrentFinancialInstruments 2023-02-28 09649793 core:CurrentFinancialInstruments 2022-02-28 09649793 2022-02-28 09649793 core:ShareCapital 2023-02-28 09649793 core:ShareCapital 2022-02-28 09649793 core:RetainedEarningsAccumulatedLosses 2023-02-28 09649793 core:RetainedEarningsAccumulatedLosses 2022-02-28 09649793 bus:OrdinaryShareClass1 2023-02-28 09649793 2022-03-01 2023-02-28 09649793 bus:FullAccounts 2022-03-01 2023-02-28 09649793 bus:SmallEntities 2022-03-01 2023-02-28 09649793 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 09649793 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09649793 bus:Director1 2022-03-01 2023-02-28 09649793 bus:Director2 2022-03-01 2023-02-28 09649793 2021-03-01 2022-02-28 09649793 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 09649793 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09649793 (England and Wales)

L'AUBERGE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

L'AUBERGE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

L'AUBERGE HOLDINGS LIMITED

BALANCE SHEET

As at 28 February 2023
L'AUBERGE HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
2023 2022
£ £
Current assets
Debtors 4 689,549 674,170
Cash at bank and in hand 218,512 319,603
908,061 993,773
Creditors: amounts falling due within one year 5 ( 87,909) ( 200,868)
Net current assets 820,152 792,905
Total assets less current liabilities 820,152 792,905
Net assets 820,152 792,905
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 820,052 792,805
Total shareholders' funds 820,152 792,905

For the financial year 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 L'Auberge Holdings Limited (registered number: 09649793) were approved and authorised for issue by the Board of Directors on 17 November 2023. They were signed on its behalf by:

W J Thomas
Director
L'AUBERGE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
L'AUBERGE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

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

General information and basis of accounting

The company is a private company limited by share capital, incorporated in England.

The address of its registered office and principal place of business is:
Cobs Lea
Chart Lane
Brasted Chart
WESTERHAM
Kent
TN16 1LR
England

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including section 1A of Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102 1A'), and with the Companies Act 2006.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

After reviewing the company's forecasts and projections, the directors have 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for rental income 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.

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 corporation 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.

Stocks

Work in progress is stated at the lower of cost and net realisable value, after due regard for obsolete stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Trade and other debtors

Trade and other debtors and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the transaction.

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

Classification
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.

Recognition and measurement
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.

Impairment
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.

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Debtors

2023 2022
£ £
Trade debtors 0 621
Amounts owed by Group undertakings 678,152 668,152
Other debtors 11,397 5,397
689,549 674,170

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 6,391 98,978
Other creditors 81,518 101,890
87,909 200,868

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100

7. Investments in subsidiary undertakings

Details of undertakings

At the balance sheet date, the company held 100% (2022: 100%) of the ordinary share capital and voting rights of L'Auberge Assets Proprietary Limited, a company incorporated in South Africa.