IRIS Accounts Production v24.2.0.383 07412353 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074123532022-12-31074123532023-12-31074123532023-01-012023-12-31074123532021-12-31074123532022-01-012022-12-31074123532022-12-3107412353ns15:EnglandWales2023-01-012023-12-3107412353ns14:PoundSterling2023-01-012023-12-3107412353ns10:Director12023-01-012023-12-3107412353ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107412353ns10:SmallEntities2023-01-012023-12-3107412353ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107412353ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107412353ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107412353ns10:FullAccounts2023-01-012023-12-310741235312023-01-012023-12-3107412353ns10:RegisteredOffice2023-01-012023-12-3107412353ns5:CurrentFinancialInstruments2023-12-3107412353ns5:CurrentFinancialInstruments2022-12-3107412353ns5:ShareCapital2023-12-3107412353ns5:ShareCapital2022-12-3107412353ns5:RetainedEarningsAccumulatedLosses2023-12-3107412353ns5:RetainedEarningsAccumulatedLosses2022-12-3107412353ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107412353ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3107412353ns5:PlantMachinery2023-01-012023-12-3107412353ns5:FurnitureFittings2023-01-012023-12-3107412353ns5:MotorVehicles2023-01-012023-12-3107412353ns5:ComputerEquipment2023-01-012023-12-3107412353ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3107412353ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3107412353ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3107412353ns5:LeaseholdImprovements2022-12-3107412353ns5:PlantMachinery2022-12-3107412353ns5:FurnitureFittings2022-12-3107412353ns5:LeaseholdImprovements2023-01-012023-12-3107412353ns5:LeaseholdImprovements2023-12-3107412353ns5:PlantMachinery2023-12-3107412353ns5:FurnitureFittings2023-12-3107412353ns5:LeaseholdImprovements2022-12-3107412353ns5:PlantMachinery2022-12-3107412353ns5:FurnitureFittings2022-12-3107412353ns5:MotorVehicles2022-12-3107412353ns5:ComputerEquipment2022-12-3107412353ns5:MotorVehicles2023-12-3107412353ns5:ComputerEquipment2023-12-3107412353ns5:MotorVehicles2022-12-3107412353ns5:ComputerEquipment2022-12-3107412353ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107412353ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107412353ns5:DeferredTaxation2022-12-3107412353ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 07412353 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Three Daggers (Operating) Ltd

Three Daggers (Operating) Ltd (Registered number: 07412353)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Three Daggers (Operating) Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: F Boekel





REGISTERED OFFICE: 47 Westbury Road
Edington
Westbury
Wiltshire
BA13 4PG





REGISTERED NUMBER: 07412353 (England and Wales)

Three Daggers (Operating) Ltd (Registered number: 07412353)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,205 -
Tangible assets 5 169,241 159,547
171,446 159,547

CURRENT ASSETS
Stocks 6 72,453 75,576
Debtors 7 1,587,096 687,513
Cash at bank and in hand 223,895 274,077
1,883,444 1,037,166
CREDITORS
Amounts falling due within one year 8 5,666,391 4,306,126
NET CURRENT LIABILITIES (3,782,947 ) (3,268,960 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,611,501

)

(3,109,413

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,611,601 ) (3,109,513 )
SHAREHOLDERS' FUNDS (3,611,501 ) (3,109,413 )

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 director acknowledges his 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.

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 director and authorised for issue on 20 September 2024 and were signed by:





F Boekel - Director


Three Daggers (Operating) Ltd (Registered number: 07412353)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Three Daggers (Operating) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Although the company has net liabilities at the Balance Sheet date, the accounts have been prepared on a going concern basis assuming the continued support of its parent company.

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

Turnover represents sales of goods and services, net of Value Added Tax

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.

Website costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Three Daggers (Operating) Ltd (Registered number: 07412353)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 76 (2022 - 61 ) .

4. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 January 2023 15,058
Additions 2,940
At 31 December 2023 17,998
AMORTISATION
At 1 January 2023 15,058
Amortisation for year 735
At 31 December 2023 15,793
NET BOOK VALUE
At 31 December 2023 2,205
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 28,758 154,533 37,643
Additions 431 25,446 2,192
At 31 December 2023 29,189 179,979 39,835
DEPRECIATION
At 1 January 2023 635 101,804 20,409
Charge for year 575 19,543 2,920
At 31 December 2023 1,210 121,347 23,329
NET BOOK VALUE
At 31 December 2023 27,979 58,632 16,506
At 31 December 2022 28,123 52,729 17,234

Three Daggers (Operating) Ltd (Registered number: 07412353)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 129,289 107,689 457,912
Additions 7,916 18,674 54,659
At 31 December 2023 137,205 126,363 512,571
DEPRECIATION
At 1 January 2023 115,174 60,343 298,365
Charge for year 5,422 16,505 44,965
At 31 December 2023 120,596 76,848 343,330
NET BOOK VALUE
At 31 December 2023 16,609 49,515 169,241
At 31 December 2022 14,115 47,346 159,547

6. STOCKS
2023 2022
£    £   
Stocks 64,908 68,066
Non-trade inventories 7,545 7,510
72,453 75,576

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,410 8,132
Other debtors 486,605 29,837
Deferred tax asset 1,054,286 621,220
Prepayments and accrued income 38,795 28,324
1,587,096 687,513

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 153,091 99,396
Amounts owed to group undertakings 5,281,134 3,871,566
Social security and other taxes 44,871 51,145
VAT 21,029 31,143
Other creditors 163,241 250,376
Accruals and deferred income 3,025 2,500
5,666,391 4,306,126

9. DEFERRED TAX
£   
Balance at 1 January 2023 (621,220 )
Movement in year (433,066 )
Balance at 31 December 2023 (1,054,286 )

Three Daggers (Operating) Ltd (Registered number: 07412353)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. OTHER FINANCIAL COMMITMENTS

The company has entered into an arrangement with its parent, Three Daggers Limited, for the lease of the property. The lease terms state that this is an ongoing arrangement. Currently, the annual rent charge is £34,000.

11. CONTROLLING PARTY

The controlling party is The Three Daggers Limited (Jersey).

Registered office - 4th Floor, St Pauls Gate, 22-24 New Street, St Helier, Jersey, JE1 4TR