Registration number:
Boca U.K. Intermediate Holdings Limited
for the Year Ended 30 April 2024
Pages for filing with Registrar
Boca U.K. Intermediate Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Boca U.K. Intermediate Holdings Limited
Company Information
Directors |
T Goodes J Kuai C Mcaloney |
Company secretary |
T Goodes |
Registered office |
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Registered number |
08821235 |
Auditors |
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Boca U.K. Intermediate Holdings Limited
(Registration number: 08821235)
Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Capital and reserves |
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Called up share capital |
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82,983 |
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Capital redemption reserve |
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19,837 |
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Profit and loss account |
( |
(102,734) |
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Total equity |
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86 |
Approved and authorised by the
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Boca U.K. Intermediate Holdings Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
The company is an intermediate holding company for the Korn Ferry group.
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements were prepared in accordance with the provisions of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with FRS102, the company has taken advantage of the exemptions from the following disclosure requirements:
- Section 7 'Statement of cash flows' - presentation of a Statement of Cash Flows and related notes and disclosures
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £000.
Boca U.K. Intermediate Holdings Limited
Notes to the Financial Statements for the Year Ended 30 April 2024 (continued)
2 |
Accounting policies (continued) |
Going concern
The directors have prepared the financial statements on a going concern basis, which assumes that the company will have sufficient financial resources in order to meet its liabilities for a period of at least 12 months from the date of approving these financial statements. The company relies on the support of the wider group headed by Korn Ferry. Korn Ferry has confirmed that it will continue to provide the support the company requires so that the company can meet its liabilities as they fall due.
Based on the support provided by the parent undertaking, and taking into consideration the financial position of the company and wider group, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Group accounts not prepared
Tax
The tax expense represents the sum of the current tax expense and deferred tax expense. 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Investments
Investments in subsidiaries are measured at cost less impairment.
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. Capital investments in the company by its parent company, other than those for shares, are credited to a capital contribution reserve.
Boca U.K. Intermediate Holdings Limited
Notes to the Financial Statements for the Year Ended 30 April 2024 (continued)
2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for expenses during the year. However the nature of estimation means that actual outcomes could differ from the those estimates. There have been no judgements that have had a significant effect on amounts recognised in the financial statements. |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Auditors' remuneration |
The auditor's remuneration for the audit of these financial statements is incurred by other companies in the group.
Investments in subsidiaries |
2024 |
2023 |
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Investments in subsidiaries |
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The above balances represent the total of the company's financial assets which are equity instruments measured at cost less impairment.
Subsidiaries |
£ 000 |
Cost |
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At 1 May 2023 and 30 April 2023 |
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Provision |
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At 1 May 2023 and 30 April 2023 |
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Impairment expense |
( |
At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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Boca U.K. Intermediate Holdings Limited
Notes to the Financial Statements for the Year Ended 30 April 2024 (continued)
5 |
Investments in subsidiaries (continued) |
Details of subsidiary undertakings
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Ryder Court, 14 Ryder Street, London, SW1Y 6QB |
Ordinary |
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United Kingdom |
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Level 7, 702, 124-130 Pitt Street, Sydney, NSW, 2000 |
Ordinary |
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Australia |
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Level 7, 702, 124-130 Pitt Street, Sydney, NSW, 2000 |
Ordinary |
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Australia |
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44 Chipman Hill Suite 1000, PO Box 7289 Stn A, Saint John, NB, E2L 4S6 |
Ordinary |
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Canada |
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Prinzenallee 3, 40549 Duesseldorf |
Ordinary |
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Germany |
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Fleurystraße 7, 92224 Amberg |
Ordinary |
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Germany |
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Unit No. 1/8 and 119, The Presidency, Ground Floor, St. Marks Road, Bangalore -560001, Karnataka |
Ordinary |
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India |
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111 Somerset Road, #10-06, Tripleone Somerset, Singapore (238164) |
Ordinary |
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Singapore |
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Ryder Court, 14 Ryder Street, London, SW1Y 6QB |
Ordinary |
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United Kingdom |
Boca U.K. Intermediate Holdings Limited
Notes to the Financial Statements for the Year Ended 30 April 2024 (continued)
5 |
Investments in subsidiaries (continued) |
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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Ryder Court, 14 Ryder Street, London, SW1Y 6QB |
Ordinary |
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United Kingdom |
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Ryder Court, 14 Ryder Street, London, SW1Y 6QB |
Ordinary |
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United Kingdom |
* By virtue of the company’s ownership of Boca U.K. Holding Limited.
Reserves |
Profit and loss account
This balance represents the cumulative profit and loss made by the company net of distributions to owners.
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Capital contribution reserve
The reserve presents cumulative contributions to capital by the owners, other than investments in share capital which are shown as such.
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. 000 |
£ 000 |
No. 000 |
£ 000 |
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82,983 |
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82,983 |
Ordinary shares have attached to them full rights in respect of voting, dividends, and the receipt of distribution upon winding-up and they are non-redeemable.
Boca U.K. Intermediate Holdings Limited
Notes to the Financial Statements for the Year Ended 30 April 2024 (continued)
Related party transactions |
Directors' remuneration
The directors received no remuneration from the company for the year ended 30 April 2024 (2023 - £Nil).
Key management compensation
Key management received no compensation from the company for the year ended 30 April 2024 (2023 - £Nil).
Financial instruments |
Categorisation of financial instruments
2024 |
2023 |
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Financial assets that are equity instruments measured at cost less impairment |
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Parent and ultimate parent undertaking |
The parent of both the largest and the smallest group in which these financial statements are consolidated is Korn Ferry. The address of the principal executive office of Korn Ferry is: 1900 Avenue of the Stars, Suite 2600, Los Angeles, California, USA.
Audit report |
As the profit and loss account has been omitted from the filing copy of the financial statements the following information is in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.
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• The auditor was