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REGISTERED NUMBER: 07979203 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Boutique Spa Queensway Limited

Boutique Spa Queensway Limited (Registered number: 07979203)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boutique Spa Queensway Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Aly Thobani
Mrs N M Thobani





REGISTERED OFFICE: 33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 07979203 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Boutique Spa Queensway Limited (Registered number: 07979203)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 371,278 386,791

CURRENT ASSETS
Debtors 5 132,891 -
Cash at bank and in hand 14,514 21,844
147,405 21,844
CREDITORS
Amounts falling due within one year 6 96,620 90,986
NET CURRENT ASSETS/(LIABILITIES) 50,785 (69,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,063

317,649

CREDITORS
Amounts falling due after more than one year 7 220,660 30,624
NET ASSETS 201,403 287,025

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,303 286,925
201,403 287,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Boutique Spa Queensway Limited (Registered number: 07979203)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Aly Thobani - Director


Boutique Spa Queensway Limited (Registered number: 07979203)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Boutique Spa Queensway Limited 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.

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.

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 - 33% on cost and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 34 ) .

Boutique Spa Queensway Limited (Registered number: 07979203)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 341,252 372,982 714,234
DEPRECIATION
At 1 September 2022 - 327,443 327,443
Charge for year - 15,513 15,513
At 31 August 2023 - 342,956 342,956
NET BOOK VALUE
At 31 August 2023 341,252 30,026 371,278
At 31 August 2022 341,252 45,539 386,791

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Other debtors 132,891 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 47,122 9,167
Trade creditors (1 ) -
Taxation and social security 17,971 54,483
Other creditors 31,528 27,336
96,620 90,986

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans 220,660 30,624

8. RELATED PARTY DISCLOSURES

Included in debtors as at balance sheet date is amount due from Thobani Investments Limited of £102,604 and from Thobani Asset Group Limited of £22,089.
Mr A Thobani is a director of both Thobani Investments Limited and Thobani Asset Group Limited.