BOKA CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Boka Consultants Ltd is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 198 West End Lane, London, NW6 1SG. The company was incorporated on 28 November 2022 and started trading in November 2023.
The company's principal activity will be that of the provision of hotel and similar accommodation.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound sterling.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The financial statements have been prepared on the going concern basis which assumes that the Company will be able to continue trading for the foreseeable future. The Company has continued support from shareholders and connected companies which is sufficient to ensure the Company is able to meet its business plans and honour its debts as they fall due within the agreed terms for the foreseeable future.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including the directors, during the period was as follows:
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