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REGISTERED NUMBER: 08707977 (England and Wales)















Dore Partnership Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Dore Partnership Limited (Registered number: 08707977)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dore Partnership Limited

Company Information
for the year ended 30 September 2024







Directors: Charles Dore
Jonathan Lang





Registered office: Panton House
25 Haymarket Street
3rd Floor
London
SW1Y 4EN





Registered number: 08707977 (England and Wales)






Dore Partnership Limited (Registered number: 08707977)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 5 157,613 203,928

Current assets
Debtors 6 1,301,624 433,141
Cash at bank 639,808 909,837
1,941,432 1,342,978
Creditors
Amounts falling due within one year 7 1,437,995 1,030,182
Net current assets 503,437 312,796
Total assets less current liabilities 661,050 516,724

Provisions for liabilities 79,143 -
Net assets 581,907 516,724

Capital and reserves
Called up share capital 1 1
Retained earnings 581,906 516,723
Shareholders' funds 581,907 516,724

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

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 13 January 2025 and were signed on its behalf by:





Jonathan Lang - Director


Dore Partnership Limited (Registered number: 08707977)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

Dore Partnership 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.

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

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

Compliance with accounting standards
The financial statements have been prepared under the historical cost convention.

Set out below is a summary of the principal accounting policies, all of which have been applied consistently (except as otherwise stated).

Significant judgements and estimates
In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies
The critical judgement that the directors' have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

(i) Assessing indicators and impairment
In assessing whether there have been any indicators or impairment assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no indicators or impairments identified during the current financial year.

Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

(ii) Recoverability of receivables
The Company establishes a provision for receivables that are estimated not to be recoverable. When assessing recoverability the directors consider factors such as the aging of the receivables, past experience and recoverability, and the credit profile of individual or groups of customers.

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

Dore Partnership Limited (Registered number: 08707977)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements-Straight line over 10 years
Fitxtures & Fittings and Equipment-Straight line over 5 years and straight line over 2 years

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The Company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

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 contributes to employees personal pension schemes. Contributions payable are charged to the Income Statement in the period to which they relate.

Provisions
Provisions are recognised when there is a present obligation (legal or constructive) as a result of a past event, it is probably that the obligation will be required to be settled, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting taking into account the risks and uncertainties surrounding the obligation. Provisions are discounted when the time value of money is material.

Dore Partnership Limited (Registered number: 08707977)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


3. Accounting policies - continued

Going concern
The financial statements have been prepared on a going concern basis.

The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, the directors have tested their cash flow analysis to take into account impacts on their business of possible scenarios, alongside the measures that they can take to mitigate the impacts for at least the next 12 months. Based on these assessments, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

4. Employees and directors

The average number of employees during the year was 16 (2023 - 17 ) .

5. Tangible fixed assets
Fixtures
Leasehold and Computer
improvements fittings equipment Totals
£ £ £ £
Cost
At 1 October 2023 396,270 1,460 70,303 468,033
Additions - - 1,416 1,416
At 30 September 2024 396,270 1,460 71,719 469,449
Depreciation
At 1 October 2023 200,810 1,460 61,835 264,105
Charge for year 39,627 - 8,104 47,731
At 30 September 2024 240,437 1,460 69,939 311,836
Net book value
At 30 September 2024 155,833 - 1,780 157,613
At 30 September 2023 195,460 - 8,468 203,928

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 701,425 269,686
Amounts owed by group undertakings 495,761 -
Other debtors 104,438 163,455
1,301,624 433,141

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 16,925 23,092
Amounts owed to group undertakings - 155,997
Taxation and social security 720,669 626,896
Other creditors 700,401 224,197
1,437,995 1,030,182

Dore Partnership Limited (Registered number: 08707977)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 238,150 39,692
Between one and five years 714,450 952,600
952,600 992,292

9. Related party disclosures

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. Ultimate controlling party

The controlling party is Dore Partnership LLP a partnership registered in the United States.

The ultimate controlling party is Charles Dore.