REGISTERED NUMBER: 07951596 (England and Wales) |
REPORT OF THE DIRECTORS AND |
CONSOLIDATED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 7 APRIL 2024 |
FOR |
BONAS FAMILY HOLDINGS LIMITED |
REGISTERED NUMBER: 07951596 (England and Wales) |
REPORT OF THE DIRECTORS AND |
CONSOLIDATED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 7 APRIL 2024 |
FOR |
BONAS FAMILY HOLDINGS LIMITED |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS |
for the year ended 7 April 2024 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Report of the Independent Auditors | 3 |
Consolidated Income Statement | 5 |
Consolidated Balance Sheet | 6 |
Company Balance Sheet | 7 |
Notes to the Consolidated Financial Statements | 8 |
BONAS FAMILY HOLDINGS LIMITED |
COMPANY INFORMATION |
for the year ended 7 April 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Suite 1 |
1-3 Canfield Place |
London |
NW6 3BT |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
REPORT OF THE DIRECTORS |
for the year ended 7 April 2024 |
The directors present their report with the financial statements of the company and the group for the year ended 7 April 2024. |
PRINCIPAL ACTIVITY |
The principal activity of Bonas Family Holdings Limited ("the Company") is to act as a holding company. |
The Group continues to act as a precious stone broker and merchant. It also continues to create digital experiences using 3D technology. In addition, the Group continues to invest in certain quoted and unquoted stocks and funds. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 8 April 2023 to the date of this report. |
CHARITABLE DONATIONS |
During the year, the group made charitable donations of £Nil (2023: £2,365). |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information. |
AUDITORS |
The auditors, Cameron Baum Hollander Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
BONAS FAMILY HOLDINGS LIMITED |
Opinion |
We have audited the financial statements of Bonas Family Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 7 April 2024 which comprise the Consolidated Income Statement, Consolidated Balance Sheet, Company Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the group's and of the parent company affairs as at 7 April 2024 and of the group's loss for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
Other information |
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Directors has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors. |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
- | the parent company financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
BONAS FAMILY HOLDINGS LIMITED |
Responsibilities of directors |
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so. |
Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
Enquiry of management, those charged with governance and the entity's solicitors around actual and potential litigation and claims. |
Reviewing minutes of meetings of those charged with governance. |
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with |
applicable laws and regulations. |
Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of |
business. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
Use of our report |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Chartered Accountants |
Statutory Auditor |
Suite 1 |
1-3 Canfield Place |
London |
NW6 3BT |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
CONSOLIDATED |
INCOME STATEMENT |
for the year ended 7 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
TURNOVER | 2,753,989 | 5,668,093 |
Cost of sales | 49,365 | 658,701 |
GROSS PROFIT | 2,704,624 | 5,009,392 |
Administrative expenses | 3,861,276 | 4,600,584 |
(1,156,652 | ) | 408,808 |
Other operating income | 546,355 | 115,472 |
OPERATING (LOSS)/PROFIT | 4 | (610,297 | ) | 524,280 |
Loss on sale of investments | 5 | - | 83,028 |
(610,297 | ) | 441,252 |
Income from fixed asset investments | 9,803 | 7,391 |
Interest receivable and similar income | 23,371 | 11,300 |
33,174 | 18,691 |
(577,123 | ) | 459,943 |
Gain/(loss) on revaluation of |
investments | 247,848 | (290,925 | ) |
(329,275 | ) | 169,018 |
Interest payable and similar expenses | 12 | 50,635 |
(LOSS)/PROFIT BEFORE TAXATION | (329,287 | ) | 118,383 |
Tax on (loss)/profit | 77,402 | (102,795 | ) |
(LOSS)/PROFIT FOR THE FINANCIAL YEAR | ( |
) |
(Loss)/profit attributable to: |
Owners of the parent | (237,532 | ) | 224,248 |
Non-controlling interests | (169,157 | ) | (3,070 | ) |
(406,689 | ) | 221,178 |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
CONSOLIDATED BALANCE SHEET |
7 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 7 | 50,234 | 63,300 |
Tangible assets | 8 | 154,600 | 171,873 |
Investments | 9 | 545,321 | 488,046 |
750,155 | 723,219 |
CURRENT ASSETS |
Stocks | 184,367 | 184,367 |
Debtors | 10 | 1,779,844 | 2,102,986 |
Investments | 11 | 2,242,499 | 2,047,955 |
Cash at bank and in hand | 1,153,011 | 1,705,637 |
5,359,721 | 6,040,945 |
CREDITORS |
Amounts falling due within one year | 12 | 723,331 | 948,106 |
NET CURRENT ASSETS | 4,636,390 | 5,092,839 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
5,386,545 |
5,816,058 |
CREDITORS |
Amounts falling due after more than one year |
13 |
- |
(72,012 |
) |
PROVISIONS FOR LIABILITIES | (81,712 | ) | (69,517 | ) |
NET ASSETS | 5,304,833 | 5,674,529 |
CAPITAL AND RESERVES |
Called up share capital | 1,159,270 | 1,159,270 |
Capital redemption reserve | 16 | 16 |
Other reserves | 12,720 | 12,720 |
Retained earnings | 5,111,123 | 5,348,655 |
6,283,129 | 6,520,661 |
NON-CONTROLLING INTERESTS | 14 | (978,296 | ) | (846,132 | ) |
TOTAL EQUITY | 5,304,833 | 5,674,529 |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by: |
C Miller - Director |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
COMPANY BALANCE SHEET |
7 April 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 7 |
Tangible assets | 8 |
Investments | 9 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Merger reserve |
Company's profit for the financial year | - | - |
The financial statements were approved by the Board of Directors and authorised for issue on |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
for the year ended 7 April 2024 |
1. | STATUTORY INFORMATION |
Bonas Family Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in UK Pound Sterling, which is functional currency of the group. |
Basis of consolidation |
The financial statements consolidate the accounts of Bonas Family Holdings Limited and all its subsidiary undertakings (the 'Group') using the acquisition method, drawn up to 7 April 2024. |
Turnover and other income |
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover includes commission income from diamond brokerage, consultancy fees and sales from contracts. |
Commission income is recognised on third party assumption of responsibility of the goods and consultancy fee income is recognised in the period in which the services are provided. |
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied: |
- the amount of revenue can be measured reliably; |
- it is probable that the company will receive consideration due under the contract; |
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
- the costs incurred and the costs to complete the contract can be measured reliably. |
Revenue from right-to-use license agreements where the company grants rights to use its intellectual property are recognised at the point in time when the license is transferred to the customer. |
Revenue from right-to-access license agreements that provides ongoing access to the company's intellectual property are recognised over time, reflecting the period over which the customer benefits from the access. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Patents and licences are amortised evenly over their estimated useful life up to a maximum of 5 years from when they are granted. |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
for the year ended 7 April 2024 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, over their expected useful lives as follows: |
Furniture, computers, plant and motor vehicles between 5% and 33 1/3% straight line. |
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement. |
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the income statement. |
Stocks |
Stocks represents precious stones and have been valued at cost and at each balance sheet date are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to sell. The impairment is recognised immediately in the profit and loss account. |
Financial instruments |
Financial assets and liabilities are recognised on the balance sheet when the group becomes party to the contractual provisions of the instrument. Financial instruments are initially recognised at fair value on the date a contract is entered into and are subsequently re-measured at their fair value. |
Changes in the fair value of financial instruments that are designated and qualify as fair value hedges are recorded in the income statement, together with any changes in the fair value of the hedged asset or liability that is attributable to the hedged risk. |
The group has entered into forward foreign exchange contracts that are fair value hedges for foreign currency denominated receivables and payables. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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. |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
for the year ended 7 April 2024 |
2. | ACCOUNTING POLICIES - continued |
Research and development |
In the research phase of an internal project, if it is not possible to demonstrate that the project will generate future economic benefits, all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its costs can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years. |
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. |
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 at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits |
A company in the group 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. |
The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans. |
Short term benefits: |
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received. |
Annual bonus plans: |
The company recognises a provision and an expense for bonuses where the company has a legal or constructive obligation as a result of past events and a reliable estimate can be made. |
Defined contribution pension plans: |
The Company operates a defined contribution plan. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate fund. Under defined contribution plans, the company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. |
For defined contribution plans, the company pays contributions to privately administered pension plans on a contractual or voluntary basis. The company has no further payment obligations once the contributions have been paid. The contributions are recognised as employee benefit expense when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in the future payments is available. |
Investments |
Investments in subsidiaries are measured at cost less accumulated impairment. Where merger relief is applicable, the cost of the investment in a subsidiary undertaking is measured at the nominal value of the shares issued together with the fair value of any additional compensation are included at cost less amounts written off, or director's valuation if lower. |
Investments comprise investments in unquoted equity instruments which are measured at fair value. Changes in fair value are recognised in the income statement. Fair value is estimated by using a valuation technique. |
Investments in unlisted Company shares, whose market value can be reliably determined, are re-measured to market value at each balance sheet date. Gains and losses on re-measurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. |
Investments in listed Company shares are measured to market value at each balance sheet date. Gains and losses on re-measurement are recognised in the statement of Comprehensive Income for the period. |
Comparatives |
Where the presentation of figures has been amended in the current year, the comparative figures have been amended accordingly. |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
for the year ended 7 April 2024 |
2. | ACCOUNTING POLICIES - continued |
Income from long term contracts |
The group recognises revenue due on long term contracts based on the stage of completion of its individual projects, and, where applicable, discounted for the time value of money. The stage of completion of each contract is determined by a technical assessment carried out by qualified senior staff. Amounts due from customers on any such contract work is recorded within debtors within accrued income; and gross amounts due to customers on contracts billed ahead of stage completion are included within creditors as accruals and deferred income. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | OPERATING (LOSS)/PROFIT |
The operating loss (2023 - operating profit) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets | 49,539 | 48,103 |
Patents and licences amortisation | 18,893 | 14,295 |
Auditors' remuneration | 55,400 | 68,145 |
Auditors' remuneration for non audit work | 9,870 | 15,000 |
Foreign exchange differences | (4,727 | ) | 39,175 |
5. | EXCEPTIONAL ITEMS |
2024 | 2023 |
£ | £ |
Loss on sale of investments | - | (83,028 | ) |
6. | INDIVIDUAL INCOME STATEMENT |
As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
7. | INTANGIBLE FIXED ASSETS |
Group |
Other |
intangible |
assets |
£ |
COST |
At 8 April 2023 | 217,152 |
Additions | 5,827 |
At 7 April 2024 | 222,979 |
AMORTISATION |
At 8 April 2023 | 153,852 |
Charge for year | 18,893 |
At 7 April 2024 | 172,745 |
NET BOOK VALUE |
At 7 April 2024 | 50,234 |
At 7 April 2023 | 63,300 |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
for the year ended 7 April 2024 |
8. | TANGIBLE FIXED ASSETS |
Group |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 8 April 2023 | 47,727 | 779,079 | 826,806 |
Additions | - | 27,708 | 27,708 |
Disposals | - | (32,417 | ) | (32,417 | ) |
Exchange differences | - | (2,069 | ) | (2,069 | ) |
At 7 April 2024 | 47,727 | 772,301 | 820,028 |
DEPRECIATION |
At 8 April 2023 | 3,818 | 651,115 | 654,933 |
Charge for year | 4,773 | 44,766 | 49,539 |
Eliminated on disposal | - | (39,044 | ) | (39,044 | ) |
At 7 April 2024 | 8,591 | 656,837 | 665,428 |
NET BOOK VALUE |
At 7 April 2024 | 39,136 | 115,464 | 154,600 |
At 7 April 2023 | 43,909 | 127,964 | 171,873 |
9. | FIXED ASSET INVESTMENTS |
Group |
Other |
investments |
£ |
COST OR VALUATION |
At 8 April 2023 | 488,046 |
Revaluations | 57,656 |
Exchange differences | (381 | ) |
At 7 April 2024 | 545,321 |
NET BOOK VALUE |
At 7 April 2024 | 545,321 |
At 7 April 2023 | 488,046 |
Cost or valuation at 7 April 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2024 | 545,321 |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
for the year ended 7 April 2024 |
9. | FIXED ASSET INVESTMENTS - continued |
Company |
Shares in |
group |
undertakings |
£ |
COST |
At 8 April 2023 |
and 7 April 2024 |
NET BOOK VALUE |
At 7 April 2024 |
At 7 April 2023 |
10. | DEBTORS |
Group |
2024 | 2023 |
£ | £ |
Amounts falling due within one year: |
Trade debtors | 214,237 | 523,854 |
Other debtors | 343,872 | 346,219 |
558,109 | 870,073 |
Amounts falling due after more than one | year: |
Other debtors | 1,221,735 | 1,232,913 |
Aggregate amounts | 1,779,844 | 2,102,986 |
11. | CURRENT ASSET INVESTMENTS |
Group |
2024 | 2023 |
£ | £ |
Listed investments | 1,892,279 | 1,697,735 |
Unlisted investments | 350,220 | 350,220 |
2,242,499 | 2,047,955 |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Group |
2024 | 2023 |
£ | £ |
Trade creditors | 177,444 | 102,094 |
Taxation and social security | 208,887 | 121,539 |
Other creditors | 337,000 | 724,473 |
723,331 | 948,106 |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
for the year ended 7 April 2024 |
13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
Group |
2024 | 2023 |
£ | £ |
Other creditors | - | 72,012 |
14. | NON-CONTROLLING INTERESTS |
The non-controlling interests were in Holition Limited - 27.10% (2023: 27.10%) and Plouton Ltd - 50% (2023: 50%). |
15. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements. |
BONAS FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 07951596) |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
for the year ended 7 April 2024 |
16. | SUBSIDIARY UNDERTAKINGS |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Country of | Class of | Group | Company |
registration/ |
Nature of |
share capital |
Holdin g |
Holding |
operation | business | held | % | % |
Bonas & Company Ltd | England and Wales |
Precious stone broker and merchant |
Ordinary shares | 100 | - |
Bonas Group Limited | England and Wales |
Holding company | Ordinary shares | 100 | 100 |
Bonas Marketing India Private Limited |
India | Consultancy services | Ordinary shares | 100 | - |
Bonas Botswana Consulting (Pty) Limited |
Botswana | Administrative expenses | Ordinary shares | 99.99 | - |
Clerkhill Limited | England and Wales |
Investment trading | Ordinary shares | 100 | - |
H Couzyn Limited | England and Wales |
Precious stone broker and merchant |
Ordinary shares | 100 | - |
Holition Limited | England and Wales |
3D technology | Ordinary shares | 72.90 | - |
Plouton Limited | England and Wales |
Consultancy services | Ordinary shares | 50 | - |
Holition Beauty Limited | England and Wales |
Non-trading | Ordinary shares | 72.90 | - |
The aggregate of the share capital and reserves as at 7 April 2024 and of the profit and loss for the year ended on that date for the subsidiary undertakings were as follows: |
Aggregate of share |
capital and reserves |
Profit(/loss |
) |
£ | £ |
Bonas & Company Limited | 8,454,005 | 464,266 |
Bonas Group Limited | 5,801,313 | - |
Bonas Marketing India Private Limited | 312,378 | 5,532 |
Bonas Botswana Consulting (Pty) Limited | 339,031 | 12,396 |
Clerkhill Limited | 191,601 | 43,194 |
H Couzyn Limited | 122,378 | 199 |
Holition Limited | (770,959 | ) | (624,052 | ) |
Plouton Limited (dissolved on 2nd July 2024) | - | (78 | ) |
Holition Beauty Limited | 100 | - |