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Company No: 09856952 (England and Wales)

ALEXANDRE BOYES LIMITED

Abridged Unaudited Financial Statements
For the financial year ended 29 February 2024

ALEXANDRE BOYES LIMITED

Abridged Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

ALEXANDRE BOYES LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
ALEXANDRE BOYES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 February 2024
DIRECTOR Kate Boyes
REGISTERED OFFICE Montpelier Lodge
48 Mount Ephraim
Tunbridge Wells
TN4 8AU
Kent
United Kingdom
COMPANY NUMBER 09856952 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
ALEXANDRE BOYES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 29 February 2024
ALEXANDRE BOYES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 February 2024
Note 29.02.2024 28.02.2023
£ £
Fixed assets
Intangible assets 4 68,000 85,000
Tangible assets 5 6,701 10,585
Investments 6 300 300
75,001 95,885
Current assets
Debtors 939,686 889,927
Cash at bank and in hand 211 211
939,897 890,138
Creditors: amounts falling due within one year ( 670,153) ( 440,480)
Net current assets 269,744 449,658
Total assets less current liabilities 344,745 545,543
Creditors: amounts falling due after more than one year 0 ( 29,000)
Provision for liabilities 0 ( 2,011)
Net assets 344,745 514,532
Capital and reserves
Called-up share capital 1,100 1,100
Share premium account 31,467 31,467
Profit and loss account 312,178 481,965
Total shareholder's funds 344,745 514,532

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Alexandre Boyes Limited (registered number: 09856952) were approved and authorised for issue by the Director on 25 November 2024. They were signed on its behalf by:

Kate Boyes
Director
ALEXANDRE BOYES LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
ALEXANDRE BOYES LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
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

Alexandre Boyes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Montpelier Lodge, 48 Mount Ephraim, Tunbridge Wells, TN4 8AU, Kent, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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.

Employee benefits

Defined contribution schemes
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 current liabilities in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 - 25 % reducing balance
4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

Investments
Investments in subsidiary undertakings are recognised at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

29.02.2024 28.02.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 8

3. Profit before taxation

Profit before taxation is stated after charging/(crediting):

29.02.2024 28.02.2023
£ £
Depreciation - owned assets 3,883 3,842

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 March 2023 85,000 85,000
At 29 February 2024 85,000 85,000
Accumulated amortisation
At 01 March 2023 0 0
Charge for the financial year 17,000 17,000
At 29 February 2024 17,000 17,000
Net book value
At 29 February 2024 68,000 68,000
At 28 February 2023 85,000 85,000

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2023 56,865 56,865
At 29 February 2024 56,865 56,865
Accumulated depreciation
At 01 March 2023 46,280 46,280
Charge for the financial year 3,883 3,883
rounding 1 1
At 29 February 2024 50,164 50,164
Net book value
At 29 February 2024 6,701 6,701
At 28 February 2023 10,585 10,585

6. Fixed asset investments

Investments in subsidiaries

29.02.2024
£
Cost
At 01 March 2023 300
At 29 February 2024 300
Carrying value at 29 February 2024 300
Carrying value at 28 February 2023 300

7. Related party transactions

Transactions with the entity's director

29.02.2024 28.02.2023
£ £
Miss K L Boyes 324,668 285,867

Advances

As at 31 March 2024, the director owed £324,668 (2023: £285,867) to the company. In the year then ended, £324,668 was advanced, £285,867 has been repaid, £nil has been written off, and £nil has been waived.

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

Other related party transactions

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.

8. 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.