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Registered number: 10669564









AGENT PROVOCATEUR INTERNATIONAL LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 APRIL 2024

 
AGENT PROVOCATEUR INTERNATIONAL LIMITED
REGISTERED NUMBER: 10669564

BALANCE SHEET
AS AT 28 APRIL 2024

28 April
30 April
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
379,222
379,222

  
379,222
379,222

Current assets
  

Debtors: amounts falling due within one year
 5 
1,899,959
2,134,204

  
1,899,959
2,134,204

Creditors: amounts falling due within one year
 6 
(12,197,020)
(13,548,898)

Net current liabilities
  
 
 
(10,297,061)
 
 
(11,414,694)

Total assets less current liabilities
  
(9,917,839)
(11,035,472)

  

Net liabilities
  
(9,917,839)
(11,035,472)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(9,917,939)
(11,035,572)

  
(9,917,839)
(11,035,472)


Page 1

 
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: 




B C Banks
Director

Date: 30 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
AGENT PROVOCATEUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 APRIL 2024

1.


General information

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

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Going concern

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.

 
2.3

Revenue

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
AGENT PROVOCATEUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 APRIL 2024

2.Accounting policies (continued)

 
2.5

Debtors

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.

 
2.6

Creditors

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
379,222



At 28 April 2024
379,222





5.


Debtors

28 April
30 April
2024
2023
£
£


Amounts owed by group undertakings
1,899,959
2,134,204

1,899,959
2,134,204


Page 4

 
AGENT PROVOCATEUR INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 APRIL 2024

6.


Creditors: Amounts falling due within one year

28 April
30 April
2024
2023
£
£

Amounts owed to group undertakings
12,189,020
13,548,898

Accruals and deferred income
8,000
-

12,197,020
13,548,898


SDI Four Limited have a fixed and floating charge over the company's assets in respect of loans advanced to the Four (Holdings) group.


7.


Related party transactions

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.


8.


Controlling party

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.


9.


Auditors' information

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.

 
Page 5