Registered number: 10669564
AGENT PROVOCATEUR INTERNATIONAL LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 28 APRIL 2024
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AGENT PROVOCATEUR INTERNATIONAL LIMITED
REGISTERED NUMBER: 10669564
BALANCE SHEET
AS AT 28 APRIL 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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AGENT PROVOCATEUR INTERNATIONAL LIMITED
REGISTERED NUMBER: 10669564
BALANCE SHEET (CONTINUED)
AS AT 28 APRIL 2024
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 by:
The notes on pages 3 to 5 form part of these financial statements.
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AGENT PROVOCATEUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 APRIL 2024
Agent Provocateur International Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6-10 Market Road, London, United Kingdom, N7 9PW.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
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 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 company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
Agent Provocateur International Limited is a wholly owned subsidiary of Agent Provocateur Limited and the results of Agent Provocateur International Limited are included in the consolidated financial statements of Four (Holdings) Limited, the ultimate holding company, which are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.
The following principal accounting policies have been applied:
At the period end, the company had a net deficit position of £9,917,839 (2023 - £11,035,472). The accounts have been prepared on the going concern basis as it has been confirmed that additional financial resources will be made available, if necessary, from group companies if and when required to enable the company to meet its liabilities as and when they fall due.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has access to adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is recognised at the fair value of the consideration received or receivable and represents amounts receivable for lingerie and accessories provided in the normal course of business net of trade discounts, VAT and other sales related taxes as per the transfer pricing agreement in place.
Investments in subsidiaries are measured at cost less accumulated impairment.
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AGENT PROVOCATEUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 APRIL 2024
2.Accounting policies (continued)
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 directors, during the period was 2 (2023 - 2).
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Investments in subsidiary companies
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Amounts owed by group undertakings
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AGENT PROVOCATEUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 APRIL 2024
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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SDI Four Limited have a fixed and floating charge over the company's assets in respect of loans advanced to the Four (Holdings) group.
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Related party transactions
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The company has taken advantage of the exemption available in accordance with FRS 102 Section 33 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, as the company and the other subsidiaries are wholly owned subsidiary undertakings of the group to which they are party to the transactions.
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The parent company is Agent Provocateur Limited, a company incorporated in England and Wales.
The ultimate parent company is Four (Holdings) Limited, a company incorporated in England and Wales.
The smallest and largest group in which the group accounts is consolidated is within Four (Holdings) Limited, whose accounts are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.
The auditors' report on the financial statements for the period ended 28 April 2024 was unqualified.
The audit report was signed on 30 January 2025 by Jonathan Franks FCA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.
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