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REGISTERED NUMBER: 07753631 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

THE BOUTIQUE CHALET COMPANY LTD.

THE BOUTIQUE CHALET COMPANY LTD. (REGISTERED NUMBER: 07753631)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


THE BOUTIQUE CHALET COMPANY LTD.

Company Information
for the year ended 30 April 2024







DIRECTORS: C Hamblin
S M Hamblin





REGISTERED OFFICE: 11 Beauford Square
Bath
BA1 1HJ





REGISTERED NUMBER: 07753631 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Boutique Chalet Company Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Boutique Chalet Company Ltd. for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Boutique Chalet Company Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Boutique Chalet Company Ltd. and state those matters that we have agreed to state to the Board of Directors of The Boutique Chalet Company Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Boutique Chalet Company Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Boutique Chalet Company Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Boutique Chalet Company Ltd.. You consider that The Boutique Chalet Company Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Boutique Chalet Company Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


31 January 2025

THE BOUTIQUE CHALET COMPANY LTD. (REGISTERED NUMBER: 07753631)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,544 3,983

CURRENT ASSETS
Stocks - 777
Debtors 5 467,203 122,076
Cash at bank and in hand 1,504,211 1,662,497
1,971,414 1,785,350
CREDITORS
Amounts falling due within one year 6 1,593,661 1,254,562
NET CURRENT ASSETS 377,753 530,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,297

534,771

PROVISIONS FOR LIABILITIES 7 339 976
NET ASSETS 378,958 533,795

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 377,958 532,795
SHAREHOLDERS' FUNDS 378,958 533,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 31 January 2025 and were signed on its behalf by:



C Hamblin - Director


THE BOUTIQUE CHALET COMPANY LTD. (REGISTERED NUMBER: 07753631)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

The Boutique Chalet Company Ltd. 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.

The presentation currency is pound sterling, the company however operate primarily in Euros.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

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 at the contractual start date of the service provision.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


THE BOUTIQUE CHALET COMPANY LTD. (REGISTERED NUMBER: 07753631)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling using the average rate for the year. Exchange differences are taken into account in arriving at the operating result.

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.

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those under hire purchase contract are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 10 ) .

THE BOUTIQUE CHALET COMPANY LTD. (REGISTERED NUMBER: 07753631)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor
Equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 1,241 3,402 16,755 21,398
Disposals - - (11,863 ) (11,863 )
Exchange differences 181 (89 ) - 92
At 30 April 2024 1,422 3,313 4,892 9,627
DEPRECIATION
At 1 May 2023 310 2,712 14,393 17,415
Charge for year 280 168 109 557
Eliminated on disposal - - (9,701 ) (9,701 )
Exchange differences (8 ) (71 ) (109 ) (188 )
At 30 April 2024 582 2,809 4,692 8,083
NET BOOK VALUE
At 30 April 2024 840 504 200 1,544
At 30 April 2023 931 690 2,362 3,983

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,910 30,740
Other debtors 353,293 91,336
467,203 122,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 143,333
Trade creditors 528,985 604,742
Taxation and social security 438,904 293,903
Other creditors 625,772 212,584
1,593,661 1,254,562

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 339 976

Deferred
tax
£   
Balance at 1 May 2023 976
Accelerated capital allowances (637 )
Balance at 30 April 2024 339

THE BOUTIQUE CHALET COMPANY LTD. (REGISTERED NUMBER: 07753631)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
450 A Ordinary £1 450 450
170 B Ordinary £1 170 170
180 C Ordinary £1 180 180
100 D Ordinary £1 100 100
100 E Ordinary £1 100 100
1,000 1,000

Each share is ranked pari passu.