Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseShop00truetrue 04452098 2021-01-01 2021-12-31 04452098 2020-01-01 2020-12-31 04452098 2021-12-31 04452098 2020-12-31 04452098 2020-01-01 04452098 c:Director1 2021-01-01 2021-12-31 04452098 d:ComputerSoftware 2021-12-31 04452098 d:ComputerSoftware 2020-12-31 04452098 d:CurrentFinancialInstruments 2021-12-31 04452098 d:CurrentFinancialInstruments 2020-12-31 04452098 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04452098 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 04452098 d:ShareCapital 2021-12-31 04452098 d:ShareCapital 2020-12-31 04452098 d:ShareCapital 2020-01-01 04452098 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 04452098 d:RetainedEarningsAccumulatedLosses 2021-12-31 04452098 d:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 04452098 d:RetainedEarningsAccumulatedLosses 2020-12-31 04452098 d:RetainedEarningsAccumulatedLosses 2020-01-01 04452098 c:FRS102 2021-01-01 2021-12-31 04452098 c:Audited 2021-01-01 2021-12-31 04452098 c:FullAccounts 2021-01-01 2021-12-31 04452098 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 04452098 c:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 04452098 d:ComputerSoftware d:OwnedIntangibleAssets 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 04452098










DONKEY WORLD LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
DONKEY WORLD LIMITED
REGISTERED NUMBER: 04452098

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020 (unaudited)
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,180
7,782

  
4,180
7,782

Current assets
  

Stocks
  
439,002
322,133

Debtors: amounts falling due within one year
 5 
156,978
638,686

Cash at bank and in hand
  
532,290
226,149

  
1,128,270
1,186,968

Creditors: amounts falling due within one year
 6 
(967,221)
(1,029,700)

Net current assets
  
 
 
161,049
 
 
157,268

Total assets less current liabilities
  
165,229
165,050

  

Net assets
  
165,229
165,050


Capital and reserves
  

Called up share capital 
  
150,000
150,000

Profit and loss account
  
15,229
15,050

  
165,229
165,050


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 comprehensive income 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 on 21 July 2022.




Marianne Steele
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
DONKEY WORLD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2020
150,000
14,966
164,966



Profit for the year
-
253,459
253,459

Gift Aid to parent charity
-
(253,375)
(253,375)



At 1 January 2021
150,000
15,050
165,050



Profit for the year
-
421,179
421,179

Gift Aid to parent charity
-
(421,000)
(421,000)


At 31 December 2021
150,000
15,229
165,229


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DONKEY WORLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Donkey World Limited is a company limited by shares and registered in England and Wales at Companies House (company registration number 04452098) and is a directly owned subsidiary of The Donkey Sanctuary (charity number 264818) whose registered office is at Slade House Farm, Sidmouth, EX10 0NU.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
DONKEY WORLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2020 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2020 - 0).

Page 4

 
DONKEY WORLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Intangible assets




Computer software

£



Cost


At 1 January 2021
36,032



At 31 December 2021

36,032



Amortisation


At 1 January 2021
28,250


Charge for the year
3,602



At 31 December 2021

31,852



Net book value



At 31 December 2021
4,180



At 31 December 2020
7,782




5.


Debtors

2021
2020 (unaudited)
£
£


Trade debtors
155,635
629,853

Prepayments and accrued income
1,343
8,833

156,978
638,686


Page 5

 
DONKEY WORLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Creditors: Amounts falling due within one year

2021
2020 (unaudited)
£
£

Trade creditors
10,431
25,416

Amounts owed to group undertakings
845,342
842,796

Other taxation and social security
26,117
80,125

Accruals and deferred income
85,331
81,363

967,221
1,029,700



7.


Controlling party

The ultimate parent undertaking and controlling entity of the company is The Donkey Sanctuary, a charity registered in England and Wales with Charity number 264818.
The company has taken advantage of the available exemptions not to disclose transactions with its parent undertaking under FRS102 (Section 1A). There are no other related party transaction that were made during the year or prior year.


8.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2021 was qualified.

The qualification in the audit report was as follows:

We were not appointed as auditor of the company until after 31 December 2020 and as those financial statements were unaudited, there was no observation of the counting of physical inventories at the end of the 2020 year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2020, which are included in the balance sheet at £322,107, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

The audit report was signed on 27 July 2022 by Steven Harper (Senior Statutory Auditor) on behalf of Haysmacintyre LLP.

Page 6