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Registration number: 08821235

Boca U.K. Intermediate Holdings Limited

Annual Report and Financial Statements

for the Year Ended 30 April 2024

Pages for filing with Registrar

 

Boca U.K. Intermediate Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Boca U.K. Intermediate Holdings Limited

Company Information

Directors

T Goodes

J Kuai

C Mcaloney

Company secretary

T Goodes

Registered office

Ryder Court
14 Ryder Street
London
SW1Y 6QB

Registered number

08821235

Auditors

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Boca U.K. Intermediate Holdings Limited

(Registration number: 08821235)
Balance Sheet as at 30 April 2024

Note

2024
£ 000

2023
£ 000

Fixed assets

 

Investments

5

96

86

Capital and reserves

 

Called up share capital

7

82,983

82,983

Capital redemption reserve

6

19,837

19,837

Profit and loss account

6

(102,724)

(102,734)

Total equity

 

96

86

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
T Goodes
Company secretary and director

   
     
 

Boca U.K. Intermediate Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ryder Court
14 Ryder Street
London
SW1Y 6QB
United Kingdom

The company is an intermediate holding company for the Korn Ferry group.

2

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

The financial statements contain information about Boca U.K. Intermediate Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Korn Ferry, a company registered in Delaware, USA.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Auditors' remuneration

The auditor's remuneration for the audit of these financial statements is incurred by other companies in the group.

5

Investments in subsidiaries

2024
£ 000

2023
£ 000

Investments in subsidiaries

96

86

The above balances represent the total of the company's financial assets which are equity instruments measured at cost less impairment.

Subsidiaries

£ 000

Cost

At 1 May 2023 and 30 April 2023

102,820

Provision

At 1 May 2023 and 30 April 2023

102,734

Impairment expense

(10)

At 30 April 2024

102,724

Carrying amount

At 30 April 2024

96

At 30 April 2023

86

 

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

     

2024

2023

Subsidiary undertakings

Boca U.K. Holding Limited

Ryder Court, 14 Ryder Street, London, SW1Y 6QB

Ordinary

100%

100%

 

United Kingdom

     

Miller Heiman Group (ANZ) Pty Ltd*

Level 7, 702, 124-130 Pitt Street, Sydney, NSW, 2000

Ordinary

100%

100%

 

Australia

     

Achieve Forum (AUS) Australia Pty Ltd*

Level 7, 702, 124-130 Pitt Street, Sydney, NSW, 2000

Ordinary

100%

100%

 

Australia

     

TwentyEighty Strategy Execution (Canada), Inc*

44 Chipman Hill Suite 1000, PO Box 7289 Stn A, Saint John, NB, E2L 4S6

Ordinary

100%

100%

 

Canada

     

TwentyEighty Strategy Execution (Germany) GmbH*

Prinzenallee 3, 40549 Duesseldorf

Ordinary

100%

100%

 

Germany

     

Miller Heiman Europe GmbH*

Fleurystraße 7, 92224 Amberg

Ordinary

100%

100%

 

Germany

     

ESI Performance Improvement Private Ltd*

Unit No. 1/8 and 119, The Presidency, Ground Floor, St. Marks Road, Bangalore -560001, Karnataka

Ordinary

100%

100%

 

India

     

Miller Heiman Group (Asia) Pte Ltd Pty (Singapore)*

111 Somerset Road, #10-06, Tripleone Somerset, Singapore (238164)

Ordinary

100%

100%

 

Singapore

     

Achieve Forum (UK) Ltd*

Ryder Court, 14 Ryder Street, London, SW1Y 6QB

Ordinary

100%

100%

 

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

Miller Heiman Group (UK) Limited*

Ryder Court, 14 Ryder Street, London, SW1Y 6QB

Ordinary

100%

100%

 

United Kingdom

     

TwentyEighty Strategy Execution (UK) Ltd*

Ryder Court, 14 Ryder Street, London, SW1Y 6QB

Ordinary

100%

100%

 

United Kingdom

     

* By virtue of the company’s ownership of Boca U.K. Holding Limited.

6

Reserves

Profit and loss account

This balance represents the cumulative profit and loss made by the company net of distributions to owners.

Capital contribution reserve

The reserve presents cumulative contributions to capital by the owners, other than investments in share capital which are shown as such.

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No. 000

£ 000

No. 000

£ 000

Ordinary of £1 each

82,983

82,983

82,983

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)

8

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).

9

Financial instruments

Categorisation of financial instruments

2024
 £ 000

2023
 £ 000

Financial assets that are equity instruments measured at cost less impairment

96

86

10

Parent and ultimate parent undertaking

The company's immediate parent undertaking is Korn Ferry Global Holdings (UK) Limited, incorporated in the United Kingdom. The ultimate parent and controlling party is Korn Ferry, incorporated in Delaware, USA.

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.


 

11

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.

The Independent Auditor's Report was unqualified.
The name of the Senior Statutory Auditor who signed the audit report on 30 January 2025 was Stuart Crisp.
• The auditor was Corrigan Accountants Limited.