The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 06673501 (England and Wales)
The Dinosaur Roar Company Limited (formerly Nurture Rights Limited)
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
157,545
160,132
Tangible assets
4
1,397
Investments
5
1
158,943
160,132
Current assets
Debtors
6
233,914
197,392
Creditors: amounts falling due within one year
7
(417,073)
(347,784)
Net current liabilities
(183,159)
(150,392)
Total assets less current liabilities
(24,216)
9,740
Creditors: amounts falling due after more than one year
8
(6,000)
(10,000)
Net liabilities
(30,216)
(260)
Capital and reserves
Called up share capital
9
1,400
1,400
Share premium account
319,632
319,632
Profit and loss reserves
(351,248)
(321,292)
Total equity
(30,216)
(260)
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 31 December 2023 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.
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Balance Sheet (Continued)
As at 31 December 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 19 February 2025 and are signed on its behalf by:
N. Barrington
Director
Company Registration No. 06673501
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Notes to the Financial Statements
For the year ended 31 December 2023
Page 3
1
Accounting policies
Company information
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited) is a private company limited by shares incorporated in England and Wales. The registered office address is 6th Floor Charlotte Building, 17 Gresse Street, London, United Kingdom.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A 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 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 £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The directors believe that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable in relation to the principal activity, 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.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation 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:
Trademarks and rights
10 years straight line
Development costs
20 years straight line
Website
4 years straight line
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 4
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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 basis:
Fixtures and fittings
5 years straight line
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.
1.6
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.7
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 5
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.8
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial
instruments classified as other, or basic financial instruments measured at fair value.
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 6
1.10
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.11
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.12
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.
1.13
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.
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 7
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Trademarks and rights
Development costs
Website
Total
£
£
£
£
Cost
At 1 January 2023
83,393
176,570
11,085
271,048
Additions
3,799
11,140
-
14,939
At 31 December 2023
87,192
187,710
11,085
285,987
Amortisation
At 1 January 2023
47,504
58,128
5,284
110,916
Amortisation charged for the year
5,369
9,386
2,771
17,526
At 31 December 2023
52,873
67,514
8,055
128,442
Carrying amount
At 31 December 2023
34,319
120,196
3,030
157,545
At 31 December 2022
35,889
118,442
5,801
160,132
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 8
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
11,397
Additions
1,746
At 31 December 2023
13,143
Depreciation and impairment
At 1 January 2023
11,397
Depreciation charged in the year
349
At 31 December 2023
11,746
Carrying amount
At 31 December 2023
1,397
At 31 December 2022
5
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023
-
Additions
1
At 31 December 2023
1
Carrying amount
At 31 December 2023
1
At 31 December 2022
-
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 9
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
(2,500)
Amounts owed by group undertakings
7,357
5,296
Other debtors
95,369
57,657
Prepayments and accrued income
19,804
36,007
122,530
96,460
2023
2022
Amounts falling due after more than one year:
£
£
Deferred tax asset
111,384
100,932
Total debtors
233,914
197,392
A deferred tax asset has been recognised in the year of £111,374 (2022: £100,932) in relation to carried forward trading losses that the company has available to utilise against future profits to reduce their tax liability. The timing of the utilisation is not certain however is expected to be over the course of several years and thus the asset is classified as a long term debtor.
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5,461
8,110
Trade creditors
169,761
189,527
Other taxation and social security
15,581
8,559
Other creditors
226,270
141,588
417,073
347,784
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
6,000
10,000
9
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
1,400 Ordinary shares of £1 each
1,400
1,400
1,400
1,400
The Dinosaur Roar Company Limited (Formerly Nurture Rights Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
9
Called up share capital
(Continued)
Page 10
All of the ordinary shares have full voting, dividend and capital distribution rights.
10
Related party transactions
At 31 December 2023, there is an aggregate of £103,382 (2022: £80,081) due to the directors included in other creditors.
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