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REGISTERED NUMBER: 04680541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROYVON DOG TRAINING LIMITED

ROYVON DOG TRAINING LIMITED (REGISTERED NUMBER: 04680541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROYVON DOG TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D James
Mrs H James





SECRETARY: D James





REGISTERED OFFICE: Sandy Cottage
Portsmouth Road
Esher
Surrey
KT10 9AW





REGISTERED NUMBER: 04680541 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

ROYVON DOG TRAINING LIMITED (REGISTERED NUMBER: 04680541)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 387,391 409,339
Investments 6 57,408 57,408
444,799 466,747

CURRENT ASSETS
Debtors 7 244,846 228,635
Cash at bank and in hand 761,174 792,921
1,006,020 1,021,556
CREDITORS
Amounts falling due within one year 8 956,423 1,036,613
NET CURRENT ASSETS/(LIABILITIES) 49,597 (15,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,396

451,690

CREDITORS
Amounts falling due after more than one
year

9

226,491

280,737
NET ASSETS 267,905 170,953

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 267,605 170,653
267,905 170,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ROYVON DOG TRAINING LIMITED (REGISTERED NUMBER: 04680541)

BALANCE SHEET - continued
31 DECEMBER 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 16 September 2024 and were signed on its behalf by:





Mrs H James - Director


ROYVON DOG TRAINING LIMITED (REGISTERED NUMBER: 04680541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Royvon Dog Training 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost and 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ROYVON DOG TRAINING LIMITED (REGISTERED NUMBER: 04680541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 35,000
AMORTISATION
At 1 January 2023
and 31 December 2023 35,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 755,890 113,599 869,489
DEPRECIATION
At 1 January 2023 355,049 105,101 460,150
Charge for year 20,443 1,505 21,948
At 31 December 2023 375,492 106,606 482,098
NET BOOK VALUE
At 31 December 2023 380,398 6,993 387,391
At 31 December 2022 400,841 8,498 409,339

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 57,408
NET BOOK VALUE
At 31 December 2023 57,408
At 31 December 2022 57,408

ROYVON DOG TRAINING LIMITED (REGISTERED NUMBER: 04680541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2022 (32,185 )
Valuation in 2021 (14,382 )
Cost 103,975
57,408

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 22,278 13,842
Other debtors 222,568 214,793
244,846 228,635

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 54,272 48,900
Trade creditors 627 1,529
Amounts owed to group undertakings 846,664 949,326
Taxation and social security 17,176 16,128
Other creditors 37,684 20,730
956,423 1,036,613

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 226,491 280,737

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 101,466 127,763

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,895 15,643
Between one and five years - 3,895
3,895 19,538

ROYVON DOG TRAINING LIMITED (REGISTERED NUMBER: 04680541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Barclays Mortgage 279,634 329,637

The bank borrowings are secured as follows:-

1. Joint and several guarantee from Darren James and Sarah Draper supported by legal charges over Royvon Kennels, Incline Top, Merthyr Tydfil and Esher Boarding Kennels , Esher, Surrey.

2. Cross guarantee and debenture between Royvon Dog Training Limited and Royvon Dog Hotels & Training (Surrey) Limited.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
D James
Balance outstanding at start of year 98,253 84,346
Amounts advanced 98,395 98,907
Amounts repaid (98,500 ) (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,148 98,253

Mrs H James
Balance outstanding at start of year 98,254 84,349
Amounts advanced 98,394 98,905
Amounts repaid (98,500 ) (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,148 98,254

ROYVON DOG TRAINING LIMITED (REGISTERED NUMBER: 04680541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

13. RELATED PARTY DISCLOSURES

Control
The company is controlled by the directors Mr Darren James and Mrs Hannah James.

The company has Three wholly owned subsidiaries, Royvon Dog Hotels & Training (Merthyr) Limited, Royvon Pals4Pets Limited & Royvon Dog Hotels & Training (Surrey) Limited

During the period the company recharged amounts included in other operating income to Royvon Dog Hotels & Training (Surrey) Limited of £48,235 (2022 : £48,235) for rent of Surrey property and £160,830 (2022 : £191,306) for central marketing & administration. As at 31 December 2023 the company owed £634,378 (2022 : £710,124) to Royvon Dog Hotels & Training (Surrey) Limited.

During the year the company recharged amounts included in other operating income to Royvon Dog Hotels & Training (Merthyr) Limited £43,078 (2022: £41,505) for central marketing & administration. As at 31 December 2023 the company owed £212,286 (2022: £239,202) to Royvon Dog Hotels & Training (Merthyr) Limited.

During the year the company recharged amounts included in other operating income to Royvon Pals4Pets Limited £nil (2022: £600) for central marketing & administration. As at 31 December 2023 the company was owed £22,278 (2022: £13,842) from Royvon Pals4Pets Limited.