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REGISTERED NUMBER: 04791787 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

NICKY DOBREE INTERIOR DESIGN LIMITED

NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NICKY DOBREE INTERIOR DESIGN LIMITED

Company Information
for the year ended 30 June 2023







DIRECTORS: Mrs N Dobree
Mr J Dobree



SECRETARY: Mr J Dobree



REGISTERED OFFICE: 25 Lansdowne Gardens
London
SW8 2EQ



REGISTERED NUMBER: 04791787 (England and Wales)



ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA



BANKERS: HSBC Bank plc
95 Gloucester Road
South Kensington
London
SW7 4SX

NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 102,453 160,754

CURRENT ASSETS
Debtors 6 1,230,944 1,631,170
Cash at bank 711,593 445,273
1,942,537 2,076,443
CREDITORS
Amounts falling due within one year 7 121,273 280,711
NET CURRENT ASSETS 1,821,264 1,795,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,923,717

1,956,486

PROVISIONS FOR LIABILITIES 9 19,466 11,526
NET ASSETS 1,904,251 1,944,960

CAPITAL AND RESERVES
Called up share capital 101 3
Retained earnings 1,904,150 1,944,957
SHAREHOLDERS' FUNDS 1,904,251 1,944,960

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787)

Statement of Financial Position - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:





Mrs N Dobree - Director


NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Nicky Dobree Interior Design 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total amount receivable, net of value added tax, for goods and services provided in the ordinary course of business during the year.

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 - 25% on cost

Financial instruments
Basic financial assets

Trade debtors, other debtors, prepayments and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade creditors, other creditors, accruals and directors' loan accounts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.


NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 July 2022 511,127
Additions 20,899
At 30 June 2023 532,026
DEPRECIATION
At 1 July 2022 350,373
Charge for year 79,200
At 30 June 2023 429,573
NET BOOK VALUE
At 30 June 2023 102,453
At 30 June 2022 160,754

NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,105 403,085
Other debtors 1,168,007 1,217,131
Prepayments and accrued income 12,832 10,954
1,230,944 1,631,170

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (18,720 ) (45,533 )
Corporation tax 42,775 11,184
Social security and other taxes 17,448 (12,126 )
Other creditors 2,867 2,547
Directors' loan accounts 69,153 23,389
Accruals and deferred income 7,750 301,250
121,273 280,711

8. FINANCIAL INSTRUMENTS

The company has the following financial instruments:

Note 2023 2022
£ £

Financial liabilities measured at amortised cost:-

- Trade creditors 10 (18,720 ) (45,532 )
- Other creditors 10 63,090 1,604
- Directors' loan accounts 10 69,153 23,389
- Accruals and deferred income 10 7,750 301,250
121,273 280,711

Note 2023 2022
£ £

Financial assets that are debt instruments measured
at amortised cost:-

- Prepayments and accrued income 9 12,832 10,953
- Trade debtors 9 50,105 403,085
- Other debtors 9 1,168,007 1,217,131
1,230,944 1,631,170



NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,466 11,526

Deferred
tax
£   
Balance at 1 July 2022 11,526
Movements in the year 7,940
Balance at 30 June 2023 19,466

The provision of deferred taxation is made up of accelerated capital allowances.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company was provided with a loan in the sum of £69,153 (2022: £23,389) by Mrs N Dobree, the sole director. This loan is repayable on demand.

11. RELATED PARTY DISCLOSURES

At the end of the year, the company provided a loan in the sum of £1,168,007 (2022: £1,217,131) to Nicky Dobree Developments Ltd, a company in which Mrs N Dobree is a director and materially interested as a shareholder.

12. ULTIMATE CONTROLLING PARTY

Mrs. N Dobree, a director, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital.