Caseware UK (AP4) 2023.0.135 2023.0.135 The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).After reviewing the company's projections and financial support provided, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. Going Concern The director has prepared budgets and cash flows for a period of at least twelve months from the date of the approval of the financial statements which demonstrate that there is no material uncertainty regarding the company's ability to meet its liabilities as they fall due, and to continue as a going concern. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis. Accordingly, these financial statements do not include any adjustments to the carrying amounts and classification of assets and liabilities that may arise if the company was unable to continue as a going concern.Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.22The principal activity of the company is the operation of a luxury dog hotel.2023-01-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC449718 2023-01-01 2023-12-31 SC449718 2022-01-01 2022-12-31 SC449718 2023-12-31 SC449718 2022-12-31 SC449718 c:Director1 2023-01-01 2023-12-31 SC449718 c:RegisteredOffice 2023-01-01 2023-12-31 SC449718 c:Agent1 2023-01-01 2023-12-31 SC449718 d:Buildings 2023-01-01 2023-12-31 SC449718 d:Buildings 2023-12-31 SC449718 d:Buildings 2022-12-31 SC449718 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC449718 d:MotorVehicles 2023-01-01 2023-12-31 SC449718 d:MotorVehicles 2023-12-31 SC449718 d:MotorVehicles 2022-12-31 SC449718 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC449718 d:FurnitureFittings 2023-01-01 2023-12-31 SC449718 d:FurnitureFittings 2023-12-31 SC449718 d:FurnitureFittings 2022-12-31 SC449718 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC449718 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC449718 d:CurrentFinancialInstruments 2023-12-31 SC449718 d:CurrentFinancialInstruments 2022-12-31 SC449718 d:Non-currentFinancialInstruments 2023-12-31 SC449718 d:Non-currentFinancialInstruments 2022-12-31 SC449718 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC449718 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC449718 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 SC449718 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 SC449718 d:ShareCapital 2023-01-01 2023-12-31 SC449718 d:ShareCapital 2023-12-31 SC449718 d:ShareCapital 2022-12-31 SC449718 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 SC449718 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC449718 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC449718 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC449718 c:OrdinaryShareClass1 2022-01-01 2022-12-31 SC449718 c:OrdinaryShareClass1 2023-12-31 SC449718 c:OrdinaryShareClass1 2022-12-31 SC449718 c:OrdinaryShareClass2 2023-01-01 2023-12-31 SC449718 c:OrdinaryShareClass2 2022-01-01 2022-12-31 SC449718 c:OrdinaryShareClass2 2023-12-31 SC449718 c:OrdinaryShareClass2 2022-12-31 SC449718 c:OrdinaryShareClass3 2023-01-01 2023-12-31 SC449718 c:OrdinaryShareClass3 2022-01-01 2022-12-31 SC449718 c:OrdinaryShareClass3 2023-12-31 SC449718 c:OrdinaryShareClass3 2022-12-31 SC449718 c:FRS102 2023-01-01 2023-12-31 SC449718 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC449718 c:FullAccounts 2023-01-01 2023-12-31 SC449718 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC449718 1 2023-01-01 2023-12-31 SC449718 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 SC449718 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 SC449718 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 SC449718 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 SC449718 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

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Financial Statements
Happy Dog Holidays Limited
For the year ended 31 December 2023





































Registered number: SC449718

 
Happy Dog Holidays Limited
 

Contents



Page
Company Information
1
Balance Sheet
2 - 3
Notes to the Financial Statements
4 - 12


 
Happy Dog Holidays Limited
 

Company Information


Director
Donna Clark 




Registered number
SC449718



Registered office
Lathockar Mill Cottage
St Andrews

Fife

Scotland

KY16 8PF




Accountants
Grant Thornton Business Advisory Services Limited
Chartered Accountants

Mill House

Henry Street

Limerick




Bankers
The Royal Bank of Scotland Plc
113-115 South Street

St Andrews

Fife

Scotland

KY16 9QB




Page 1

 
Happy Dog Holidays Limited
Registered number:SC449718

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
110,341
121,199

  
110,341
121,199

Current assets
  

Debtors: amounts falling due within one year
 6 
13,877
3,308

Cash at bank and in hand
 7 
3,556
2,848

  
17,433
6,156

Creditors: amounts falling due within one year
 8 
(17,806)
(27,471)

Net current liabilities
  
 
 
(373)
 
 
(21,315)

Total assets less current liabilities
  
109,968
99,884

Creditors: amounts falling due after more than one year
 9 
(28,907)
(37,170)

  

Net assets
  
81,061
62,714


Capital and reserves
  

Called up share capital 
 12 
10,010
10,010

Profit and loss account
 13 
71,051
52,704

  
81,061
62,714


Page 2

 
Happy Dog Holidays Limited
Registered number:SC449718

Balance Sheet (continued)
As at 31 December 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements which give a true and fair view of
the state of affairs of the Company as at 31 December 2023 and of its profit for the year in accordance with the
requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the
provisions of FRS 102  Section 1A - small entities. 

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Donna Clark
Director

Date: 21 March 2025

The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
Happy Dog Holidays Limited
 
 
Notes to the Financial Statements
For the financial year ended 31 December 2023

1.


General information

Happy Dog Holidays Limited is a UK registered private company, limited by shares, with its registered office at Lathockar Mill Cottage, St Andrews, Fife, KY16 8PF, Scotland.
The company specialises in the running of a luxury dog hotel.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

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The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company's projections and financial support provided, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. 

Page 4

 
Happy Dog Holidays Limited
 

Notes to the Financial Statements
For the financial year ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue 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 revenue 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.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 5

 
Happy Dog Holidays Limited
 

Notes to the Financial Statements
For the financial year ended 31 December 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Buildings
-
2%
Straight Line
Motor vehicles
-
20%
Straight Line
Fixtures and fittings
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value including transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price including transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
Happy Dog Holidays Limited
 

Notes to the Financial Statements
For the financial year ended 31 December 2023

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 7

 
Happy Dog Holidays Limited
 

Notes to the Financial Statements
For the financial year ended 31 December 2023

2.Accounting policies (continued)

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The director considers the accounting estimates and assumptions below to be its critical accounting estimates and judgements:

Going Concern
The director has prepared budgets and cash flows for a period of at least twelve months from the date of the approval of the financial statements which demonstrate that there is no material uncertainty regarding the company's ability to meet its liabilities as they fall due, and to continue as a going concern. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis. Accordingly, these financial statements do not include any adjustments to the carrying amounts and classification of assets and liabilities that may arise if the company was unable to continue as a going concern.

Useful Lives of Tangible Fixed Assets
Long-lived assets comprising primarily of buildings represent a significant portion of total assets. The annual depreciation and amortisation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of residual  values.  The  director  regularly  reviews  these  useful  lives  and changes them if necessary to reflect current conditions. In determining these useful lives management consider technological change, patterns of consumption, physical condition and expected economic utilisation of the assets. Changes in the useful lives can have a significant impact on the depreciation and amortisation charge for the year. The net book value of Tangible Fixed Assets subject to depreciation at the financial year end date was £110,341 (2022: £121,199).



Page 8

 
Happy Dog Holidays Limited
 
 
Notes to the Financial Statements
For the financial year ended 31 December 2023

4.


Employees

2023
2022
£
£

Wages and salaries
9,110
12,614

9,110
12,614


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Tangible fixed assets





Buildings
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
103,110
64,431
11,515
179,056



At 31 December 2023

103,110
64,431
11,515
179,056



Depreciation


At 1 January 2023
18,732
27,610
11,515
57,857


Charge for the year on owned assets
2,062
8,796
-
10,858



At 31 December 2023

20,794
36,406
11,515
68,715



Net book value



At 31 December 2023
82,316
28,025
-
110,341



At 31 December 2022
84,378
36,821
-
121,199

Page 9

 
Happy Dog Holidays Limited
 
 
Notes to the Financial Statements
For the financial year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
2,480
1,064

Directors current account
9,030
-

Prepayments and accrued income
2,367
2,244

13,877
3,308



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,556
2,848

3,556
2,848



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
3,801
3,801

Trade creditors
2,592
5,802

Corporation tax
2,949
628

Obligations under finance lease and hire purchase contracts
4,464
4,464

Other creditors
-
9,276

Accruals and deferred income
4,000
3,500

17,806
27,471



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
6,093
9,894

Net obligations under finance leases and hire purchase contracts
22,814
27,276

28,907
37,170


The finance lease liabilities are secured on the underlying assets.

Page 10

 
Happy Dog Holidays Limited
 
 
Notes to the Financial Statements
For the financial year ended 31 December 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,801
3,801


3,801
3,801


Amounts falling due 2-5 years

Bank loans
6,093
9,894


6,093
9,894


9,894
13,695



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
4,464
4,464

Between 1-5 years
22,814
27,276

27,278
31,740


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) A Ordinary shares of £1.00 each
10,000
10,000
5 (2022 - 5) B Ordinary shares of £1.00 each
5
5
5 (2022 - 5) C Ordinary shares of £1.00 each
5
5

10,010

10,010


Page 11

 
Happy Dog Holidays Limited
 
 
Notes to the Financial Statements
For the financial year ended 31 December 2023

13.


Reserves

Share Capital
Represents the nominal value of shares that have been issued.

Profit and loss account
Includes all current and prior period retained profits and losses.


14.


Post balance sheet events

There have been no significant events effecting the company since the year end.


15.


Controlling party

The company is under the ultimate control of Donna Clarke.


Page 12