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REGISTERED NUMBER: 06673468 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 March 2023

for

Doublerhyme Limited

Doublerhyme Limited (Registered number: 06673468)

Contents of the Financial Statements
for the Year Ended 30 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Doublerhyme Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: K Walsh
Miss R J Walsh





SECRETARY: K Walsh





REGISTERED OFFICE: Suite 1
The Riverside Building
Livivngstone Road
Hessle
HU13 0DZ





REGISTERED NUMBER: 06673468 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Doublerhyme Limited (Registered number: 06673468)

Balance Sheet
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 274,030 257,032
Tangible assets 5 82,206 82,739
356,236 339,771

CURRENT ASSETS
Debtors 6 1,730 -
Cash at bank and in hand 152,173 35,811
153,903 35,811
CREDITORS
Amounts falling due within one year 7 363,459 328,647
NET CURRENT LIABILITIES (209,556 ) (292,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,680

46,935

CAPITAL AND RESERVES
Called up share capital 1 58,795
Retained earnings 146,679 (11,860 )
SHAREHOLDERS' FUNDS 146,680 46,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Doublerhyme Limited (Registered number: 06673468)

Balance Sheet - continued
30 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





K Walsh - Director


Doublerhyme Limited (Registered number: 06673468)

Notes to the Financial Statements
for the Year Ended 30 March 2023


1. STATUTORY INFORMATION

Doublerhyme 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered by the company.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the amount of revenue can be measured reliably and when the specific criteria relating to each of the company’s sales channels have been met, as described below.

The company provides bookmaking services to the general public. Turnover represents bets taken in the year, along with income for the betting machines through the year.

Goodwill
Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.
This was amortised over a period of 5 years, and is now fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 2 ) .

Doublerhyme Limited (Registered number: 06673468)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023


4. INTANGIBLE FIXED ASSETS
Goodwill Pitches Totals
£    £    £   
COST
At 31 March 2022 20,010 253,030 273,040
Additions - 21,000 21,000
At 30 March 2023 20,010 274,030 294,040
AMORTISATION
At 31 March 2022 16,008 - 16,008
Amortisation for year 4,002 - 4,002
At 30 March 2023 20,010 - 20,010
NET BOOK VALUE
At 30 March 2023 - 274,030 274,030
At 30 March 2022 4,002 253,030 257,032

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 31 March 2022
and 30 March 2023 80,074 30,796 7,597 118,467
DEPRECIATION
At 31 March 2022 - 28,962 6,766 35,728
Charge for year - 367 166 533
At 30 March 2023 - 29,329 6,932 36,261
NET BOOK VALUE
At 30 March 2023 80,074 1,467 665 82,206
At 30 March 2022 80,074 1,834 831 82,739

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,730 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 37,313 22,118
Other creditors 326,146 306,529
363,459 328,647