Company registration number 10334641 (England and Wales)
The Boutique Partnership London Limited
Unaudited Financial Statements
For the year ended 31 October 2024
PAGES FOR FILING WITH REGISTRAR
The Boutique Partnership London Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
The Boutique Partnership London Limited
Balance Sheet
As at 31 October 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,554
3,622
Current assets
Stocks
45,000
45,000
Debtors
4
6,500
6,500
Cash at bank and in hand
1,881
1,633
53,381
53,133
Creditors: amounts falling due within one year
5
(16,841)
(9,731)
Net current assets
36,540
43,402
Total assets less current liabilities
40,094
47,024
Creditors: amounts falling due after more than one year
6
(13,183)
(15,544)
Net assets
26,911
31,480
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
26,811
31,380
Total equity
26,911
31,480
The Boutique Partnership London Limited
Balance Sheet (Continued)
As at 31 October 2024
31 October 2024
- 2 -

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 January 2025 and are signed on its behalf by:
Ms V Harris
Ms V Mallinson
Director
Director
Company registration number 10334641 (England and Wales)
The Boutique Partnership London Limited
Notes to the Financial Statements
For the year ended 31 October 2024
- 3 -
1
Accounting policies
Company information

The Boutique Partnership London Limited is a private company limited by shares incorporated in England and Wales. The registered office is 273 Wandsworth Bridge Road, London, SW6 2TX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25 % Straight line
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

The Boutique Partnership London Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and other creditors that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
The Boutique Partnership London Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
- 5 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 November 2023
5,519
Additions
968
At 31 October 2024
6,487
Depreciation and impairment
At 1 November 2023
1,897
Depreciation charged in the year
1,036
At 31 October 2024
2,933
Carrying amount
At 31 October 2024
3,554
At 31 October 2023
3,622
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
6,500
6,500
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
14,070
5,659
Other creditors
2,771
4,072
16,841
9,731
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,183
15,544
The Boutique Partnership London Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
- 6 -
7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
39,000
58,500
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