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Registered number: 08532080










Bosquet Capital Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 May 2024

 
Bosquet Capital Limited
Registered number: 08532080

Balance sheet
As at 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
405,950
352,198

  
405,950
352,198

Current assets
  

Debtors: amounts falling due within one year
 5 
11,440
13,940

Bank & cash balances
  
21,222
34,919

  
32,662
48,859

Creditors: amounts falling due within one year
 6 
(396,982)
(385,779)

Net current liabilities
  
 
 
(364,320)
 
 
(336,920)

Total assets less current liabilities
  
41,630
15,278

  

Net assets
  
41,630
15,278


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
41,530
15,178

  
41,630
15,278


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 August 2024.


Mr R A Nathan
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Bosquet Capital Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

1.


General information

The company is registered as a private company limited by shares, incorporated and domiciled in England & Wales. The company's registered office is at 2nd Floor, 168 Shoreditch High Street, London, E1 6RA.
The company's principal activity during the year was that of consultancy and investments. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 2

 
Bosquet Capital Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Financial instruments

The Company only enters into basic financial instrument 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 ordinary shares.

 
2.10

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
Bosquet Capital Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 June 2023
352,198


Additions
72,242


Disposals
(18,490)



At 31 May 2024
405,950




The market value of the listed investments at 31 May 2024 was £437,219 (2023:  £352,532).
The company also owns all of the issued share capital of Tutorkraft Limited, a dormant company, which has a NIL value.

Page 4

 
Bosquet Capital Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
2,500

Amounts owed by group undertakings
1,440
1,440

Amounts owed by associated undertakings
10,000
10,000

11,440
13,940



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
3,495
4,700

Other creditors
390,612
378,454

Accruals and deferred income
2,875
2,625

396,982
385,779


As at 31 May 2024 the director was owed £246,612 (2023: £234,454) which is included within other creditors.


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



8.


Related party transactions

At the year end Tutorkraft Limited, a subsidiary undertaking, owed £1,440 (2023: £1,440).


9.


Controlling party

Bosquet Capital Limited is the parent undertaking of a small group, as defined by the Companies Act, and has taken advantage of section 405 which permits an exemption from producing consolidated accounts.
 
The ultimate controlling party is Mr R A Nathan who jointly with Mrs N Nathan owns 100% of the issued
share capital in the company.


Page 5