Company registration number 11433091 (England and Wales)
EDWARD DE BONO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
EDWARD DE BONO LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
EDWARD DE BONO LTD (REGISTERED NUMBER: 11433091)
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,597,166
1,593,248
Tangible assets
4
1,802
863
Investments
5
546,168
-
0
2,145,136
1,594,111
Current assets
Debtors
6
69,770
50,518
Cash at bank and in hand
136,668
622,402
206,438
672,920
Creditors: amounts falling due within one year
7
(26,633)
(62,484)
Net current assets
179,805
610,436
Total assets less current liabilities
2,324,941
2,204,547
Provisions for liabilities
(7,498)
-
0
Net assets
2,317,443
2,204,547
Capital and reserves
Called up share capital
1,741,772
1,741,772
Revaluation reserve
8
(148,524)
(148,524)
Non-distributable profits reserve
9
22,495
-
0
Distributable profit and loss reserves
701,700
611,299
Total equity
2,317,443
2,204,547

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

EDWARD DE BONO LTD (REGISTERED NUMBER: 11433091)
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 October 2024 and are signed on its behalf by:
Mr C De Bono
Director
EDWARD DE BONO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Edward de Bono Ltd is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Templeback, 10 Templeback, Bristol, BS1 6FL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

    

- The amount of turnover can be measured reliably                    

- It is probable that the company will receive the consideration due under the contract        

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and    

- the costs incurred and the costs to complete the contract can be measured reliably        

1.3
Intangible fixed assets other than goodwill

The directors have reviewed the value of the IP, taking into account economic and geopolitical uncertainty. At this time they have decided not to adjust the value of the IP.

 

Intellectual property
No amortisation
1.4
Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

EDWARD DE BONO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
EDWARD DE BONO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Intangible fixed assets
Intellectual property
£
Cost
At 1 July 2023
1,593,248
Additions
3,918
At 30 June 2024
1,597,166
Amortisation and impairment
At 1 July 2023 and 30 June 2024
-
0
Carrying amount
At 30 June 2024
1,597,166
At 30 June 2023
1,593,248
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 July 2023
1,814
1,809
3,623
Additions
2,225
-
0
2,225
At 30 June 2024
4,039
1,809
5,848
Depreciation and impairment
At 1 July 2023
1,554
1,206
2,760
Depreciation charged in the year
683
603
1,286
At 30 June 2024
2,237
1,809
4,046
Carrying amount
At 30 June 2024
1,802
-
0
1,802
At 30 June 2023
260
603
863
5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
546,168
-
0
EDWARD DE BONO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2023
-
Additions
516,175
Valuation changes
29,993
At 30 June 2024
546,168
Carrying amount
At 30 June 2024
546,168
At 30 June 2023
-
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
55,602
48,479
Other debtors
14,168
2,039
69,770
50,518
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,312
3,733
Taxation and social security
22,477
55,932
Other creditors
2,844
2,819
26,633
62,484
8
Revaluation reserve
2024
2023
£
£
At the beginning and end of the year
(148,524)
(148,524)
EDWARD DE BONO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
9
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
-
-
Non distributable profits in the year
22,495
-
At the end of the year
22,495
-
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