IRIS Accounts Production v25.4.12.37 00623528 Board of Directors 8.4.24 7.4.25 7.4.25 31.3.26 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00623528 2024-04-07 00623528 2025-04-07 00623528 2024-04-08 2025-04-07 00623528 2023-04-07 00623528 2023-04-08 2024-04-07 00623528 2024-04-07 00623528 ns15:EnglandWales 2024-04-08 2025-04-07 00623528 ns14:PoundSterling 2024-04-08 2025-04-07 00623528 ns10:Director1 2024-04-08 2025-04-07 00623528 ns10:PrivateLimitedCompanyLtd 2024-04-08 2025-04-07 00623528 ns10:SmallEntities 2024-04-08 2025-04-07 00623528 ns10:Audited 2024-04-08 2025-04-07 00623528 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-08 2025-04-07 00623528 ns10:SmallCompaniesRegimeForAccounts 2024-04-08 2025-04-07 00623528 ns10:FullAccounts 2024-04-08 2025-04-07 00623528 ns10:Director2 2024-04-08 2025-04-07 00623528 ns10:CompanySecretary1 2024-04-08 2025-04-07 00623528 ns10:RegisteredOffice 2024-04-08 2025-04-07 00623528 ns5:CurrentFinancialInstruments 2025-04-07 00623528 ns5:CurrentFinancialInstruments 2024-04-07 00623528 ns5:Non-currentFinancialInstruments 2025-04-07 00623528 ns5:Non-currentFinancialInstruments 2024-04-07 00623528 ns5:ShareCapital 2025-04-07 00623528 ns5:ShareCapital 2024-04-07 00623528 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-04-07 00623528 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-04-07 00623528 ns5:RetainedEarningsAccumulatedLosses 2025-04-07 00623528 ns5:LandBuildings 2024-04-07 00623528 ns5:PlantMachinery 2024-04-07 00623528 ns5:LandBuildings 2024-04-08 2025-04-07 00623528 ns5:PlantMachinery 2024-04-08 2025-04-07 00623528 ns5:LandBuildings 2025-04-07 00623528 ns5:PlantMachinery 2025-04-07 00623528 ns5:LandBuildings 2024-04-07 00623528 ns5:PlantMachinery 2024-04-07 00623528 ns5:CostValuation 2024-04-07 00623528 ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-04-07 00623528 ns5:CostValuation 2025-04-07 00623528 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-07 00623528 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-07 00623528 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2025-04-07 00623528 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2024-04-07

REGISTERED NUMBER: 00623528 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 7 APRIL 2025 |

| FOR |

| BONAS & COMPANY LIMITED |

| BONAS & COMPANY LIMITED (REGISTERED NUMBER: 00623528) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 7 April 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| BONAS & COMPANY LIMITED |

COMPANY INFORMATION

for the year ended 7 April 2025

| DIRECTORS: | C Miller

| G A Jones

| SECRETARY: | C Miller

| REGISTERED OFFICE: | 9 Ely Place

| London

| EC1N 6RY

| REGISTERED NUMBER: | 00623528 (England and Wales)

| AUDITORS: | Cameron Baum Hollander Limited

| Chartered Accountants

| Statutory Auditor

| Suite A

| 1-3 Canfield Place

| London

| NW6 3BT

| BONAS & COMPANY LIMITED (REGISTERED NUMBER: 00623528) |

STATEMENT OF FINANCIAL POSITION

7 April 2025

| 2025 | 2024 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 76,506 |  | 50,494 |  |

Investments | 5 | 1,839,943 |  | 2,521,824 |  |

1,916,449 |  | 2,572,318 |  |

CURRENT ASSETS

Stocks | 179,251 |  | 184,367 |  |

Debtors | 6 | 5,147,549 |  | 3,154,457 |  |

Investments | 7 | 1,581,709 |  | 2,242,499 |  |

Cash at bank and in hand | 234,866 |  | 779,485 |  |

7,143,375 |  | 6,360,808 |  |

CREDITORS

Amounts falling due within one year | 8 | 650,041 |  | 659,793 |  |

NET CURRENT ASSETS | 6,493,334 |  | 5,701,015 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,409,783 |  | 8,273,333 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 1,113 |  | 1,113 |  |

NET ASSETS | 8,408,670 |  | 8,272,220 |  |

CAPITAL AND RESERVES

Called up share capital | 5,800,100 |  | 5,800,100 |  |

Other reserves | 12,720 |  | 12,720 |  |

Retained earnings | 2,595,850 |  | 2,459,400 |  |

SHAREHOLDERS' FUNDS | 8,408,670 |  | 8,272,220 |  |

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 March 2026 and were signed on its behalf by:

C Miller - Director

| BONAS & COMPANY LIMITED (REGISTERED NUMBER: 00623528) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 7 April 2025

1. | STATUTORY INFORMATION

| Bonas & Company Limited 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.

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.

| The financial statements are prepared in UK Pound Sterling, which is functional currency of the company.

| Turnover

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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 and consultancy fees. 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.

| Other income includes office rent contributions and management fees. Office rent contributions is recognised in the period that it relates to and management fees is recognised in the period in which the services are provided.

| 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:

| Motor vehicles, fixture and fittings, and computer equipment between 20% and 25% 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.

| Investments in subsidiaries

| Investments in subsidiary undertakings are measured at cost less accumulated impairment.

| Other fixed asset investments are measured at fair value at each balance sheet date where fair value can be measured reliably, with changes in fair value recognised in profit or loss.

| Where fair value cannot be measured reliably, such investments are measured at cost less impairment.

| 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.

| BONAS & COMPANY LIMITED (REGISTERED NUMBER: 00623528) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 7 April 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial assets and basic financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

| Basic financial assets, including trade debtors, other debtors, cash at bank and loans receivable, and basic financial liabilities, including trade creditors and other creditors, are initially measured at the transaction price. Where the arrangement constitutes a financing transaction, the financial asset or financial liability is initially measured at the present value of the future receipts or payments discounted at a market rate of interest for a similar debt instrument.

| Such instruments are subsequently measured at amortised cost using the effective interest method.

| At each reporting date, financial assets measured at amortised cost are assessed for objective evidence of impairment. If there is objective evidence of impairment, the impairment loss recognised in profit or loss is the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate.

| Derivative financial instruments, including forward foreign exchange contracts, are measured at fair value through profit or loss. Where applicable, changes in the fair value of derivatives designated in a fair value hedge relationship, and the corresponding change in the fair value of the hedged item attributable to the hedged risk, are recognised in profit or loss.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

| BONAS & COMPANY LIMITED (REGISTERED NUMBER: 00623528) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 7 April 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and employee benefits

| 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. This can include discretionary bonuses which have been approved at the year end.

| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in the Income statement when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

| The Company is a member of a multi-employer plan and pays contributions into "Bonas and Company Limited" Retirement Benefits Scheme, a defined benefit group scheme for employees of three associated companies. The company is unable to identify its shares of the underlying assets and liabilities of this scheme and hence accounts for pension costs in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard in the United Kingdom and the Republic of Ireland" as if they were a defined contribution scheme.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 8 April 2024 | 47,727 |  | 96,276 |  | 144,003 |  |

| Additions | - |  | 50,521 |  | 50,521 |  |

| Disposals | - |  | (45,438 | ) | (45,438 | ) |

| At 7 April 2025 | 47,727 |  | 101,359 |  | 149,086 |  |

| DEPRECIATION

| At 8 April 2024 | 8,591 |  | 84,918 |  | 93,509 |  |

| Charge for year | 4,773 |  | 14,056 |  | 18,829 |  |

| Eliminated on disposal | - |  | (39,758 | ) | (39,758 | ) |

| At 7 April 2025 | 13,364 |  | 59,216 |  | 72,580 |  |

| NET BOOK VALUE

| At 7 April 2025 | 34,363 |  | 42,143 |  | 76,506 |  |

| At 7 April 2024 | 39,136 |  | 11,358 |  | 50,494 |  |

| BONAS & COMPANY LIMITED (REGISTERED NUMBER: 00623528) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 7 April 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 8 April 2024 | 2,521,824 |  |

| Impairments | (681,881 | ) |

| At 7 April 2025 | 1,839,943 |  |

| NET BOOK VALUE

| At 7 April 2025 | 1,839,943 |  |

| At 7 April 2024 | 2,521,824 |  |

6. | DEBTORS

2025 | 2024 |

| as restated |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 2,470 |  | 74,388 |  |

| Amounts owed by group undertakings | 135,134 |  | 1,102,969 |  |

| Other debtors | 3,879,366 |  | 198,885 |  |

4,016,970 |  | 1,376,242 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | - |  | 760,000 |  |

| Other debtors | 1,130,579 |  | 1,018,215 |  |

1,130,579 |  | 1,778,215 |  |

| Aggregate amounts | 5,147,549 |  | 3,154,457 |  |

7. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

| as restated |

£ | £ |

| Listed investments | 1,481,709 |  | 1,892,279 |  |

| Unlisted investments | 100,000 |  | 350,220 |  |

1,581,709 |  | 2,242,499 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as restated |

£ | £ |

| Trade creditors | 343,955 |  | 128,057 |  |

| Amounts owed to group undertakings | 148,319 |  | 307,162 |  |

| Taxation and social security | 50,314 |  | 136,908 |  |

| Other creditors | 107,453 |  | 87,666 |  |

650,041 |  | 659,793 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| as restated |

£ | £ |

| Amounts owed to group undertakings | 1,113 |  | 1,113 |  |

| BONAS & COMPANY LIMITED (REGISTERED NUMBER: 00623528) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 7 April 2025

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Geoffrey Hollander (Senior Statutory Auditor)

| for and on behalf of Cameron Baum Hollander Limited

11. | 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 transactions with fellow group undertakings on the grounds that it is a wholly owned subsidiary of Bonas Family Holdings Limited, a company preparing consolidated accounts which are publicly available.

12. | ULTIMATE PARENT UNDERTAKING

| As at 7 April 2025, the smallest and largest group of undertakings of which the company was a member and for which group accounts will be drawn up was that headed by the ultimate parent undertaking, Bonas Family Holdings Limited, a company registered in England and Wales.

13. | 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 |  |

|  | registration/ |  | Nature of |  | share capital |  | Holding |  |

|  | operation |  | business |  | held |  | % |  |

| Bonas Marketing India Private Limited |  | India |  | Consultancy services |  | Ordinary shares |  | 100 |  |

| Bonas Botswana Consulting (Pty) Limited |  | Botswana |  | Administrative expenses |  | Ordinary shares |  | 99.99 |  |

| The aggregate of the share capital and reserves as at 7 April 2025 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 Marketing India Private Limited |  | 307,504 |  | 10,951 |  |

| Bonas Botswana Consulting (Pty) Limited |  | 136,122 |  | 9,893 |  |