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Company registration number: 03946188
DOG & BONE PROPERTIES LTD
Unaudited filleted financial statements
31 August 2024
DOG & BONE PROPERTIES LTD
Contents
Statement of financial position
Notes to the financial statements
DOG & BONE PROPERTIES LTD
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 2,339,001 3,174,032
Investments 5 345,000 -
_________ _________
2,684,001 3,174,032
Current assets
Debtors 6 130,646 70,014
Cash at bank and in hand 178,851 39,775
_______ _______
309,497 109,789
Creditors: amounts falling due
within one year 7 ( 589,266) ( 668,213)
_______ _______
Net current liabilities ( 279,769) ( 558,424)
_________ _________
Total assets less current liabilities 2,404,232 2,615,608
Creditors: amounts falling due
after more than one year 8 ( 1,431,428) ( 1,612,561)
_________ _________
Net assets 972,804 1,003,047
_________ _________
Capital and reserves
Called up share capital 9 200,100 200,100
Fair value reserve 346,649 653,953
Profit and loss account 426,055 148,994
_________ _________
Shareholders funds 972,804 1,003,047
_________ _________
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
Jeffery Frederick Nash
Director
Company registration number: 03946188
DOG & BONE PROPERTIES LTD
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chancellors House, Brampton Lane, London, NW4 4AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the total invoice value, excluding value added tax, of rent and other expenses receivable by the company during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved taxlosses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, which includes purchase price and any directly attributable expenditure. Subsequently, investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss. Deferred tax is provided on these revaluations.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks, loans from director and other loans. Debt instruments that are receivable or payable within one year, such as trade receivables andpayables are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be received or paid.
4. Tangible assets
Freehold property Long leasehold property Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 September 2023 790,000 2,118,759 650,837 3,559,596
Additions - - 4,220 4,220
Disposals ( 790,000) - ( 14,683) ( 804,683)
_______ _________ _______ _________
At 31 August 2024 - 2,118,759 640,374 2,759,133
_______ _________ _______ _________
Depreciation
At 1 September 2023 - - 385,564 385,564
Charge for the year - - 47,280 47,280
Disposals - - ( 12,712) ( 12,712)
_______ _______ _______ _______
At 31 August 2024 - - 420,132 420,132
_______ _______ _______ _______
Carrying amount
At 31 August 2024 - 2,118,759 220,242 2,339,001
_______ _________ _______ _________
At 31 August 2023 790,000 2,118,759 265,273 3,174,032
_______ _________ _______ _________
Investment properties
In the opinion of the director, the value of the investment properties at 31 August 2024 is £2,118,759.
5. Investments
Unlisted investments Total
£ £
Cost
At 1 September 2023 - -
Additions 345,000 345,000
_______ _______
At 31 August 2024 345,000 345,000
_______ _______
Impairment
At 1 September 2023 and 31 August 2024 - -
_______ _______
Carrying amount
At 31 August 2024 345,000 345,000
_______ _______
At 31 August 2023 - -
_______ _______
The company has acquired 345,000 Preference Shares of £1.00 each in A Booth Investments Limited. In the opinion of the director, the fair value of the unlisted investments at 31 August 2024 is £345,000.
6. Debtors
2024 2023
£ £
Trade debtors 59,027 35,925
Other debtors 71,619 34,089
_______ _______
130,646 70,014
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans 15,816 46,638
Trade creditors 6,437 8,398
Corporation tax 54,545 771
Social security and other taxes 130,261 125,421
Other creditors 382,207 486,985
_______ _______
589,266 668,213
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 698,451 701,351
Other creditors 732,977 911,210
_________ _________
1,431,428 1,612,561
_________ _________
9. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares shares of £ 1.00 each 100 100 100 100
Preference shares shares of £ 1.00 each 200,000 200,000 200,000 200,000
_______ _______ _______ _______
200,100 200,100 200,100 200,100
_______ _______ _______ _______
10. Related party transactions
Included under 'Creditors: amounts falling due after more than one year' are unsecured loans from the director, Jeffery Frederick Nash amounting to £272,588 and unsecured loan from the director's spouse, Catherine Ann Nash amounting to £281,161. During the year, management fees amounting to £24,569 were receivable from a SIPP in which Mr J Nash has an interest (a connected party). At 31 August 2024, the amount owed to the SIPP and included under 'Creditors: amounts falling due within one year' amounted to £85,136. During the year, management fees amounting to £50,000 and rent amounting to £25,600 were receivable from Dog and Bone Projects Limited (a connected company). At 31 August 2024, the amount owed to Dog and Bone Projects Limited and included under 'Creditors: amounts falling due within one year' amounted to £214,643. During the year, management fees amounting to £22,500 were paid to Dog & Bone Property Services Limited (a connected company). At 31 August 2024, the amount owed to Dog & Bone Property Services Limited and included under 'Creditors: amounts falling due within one year' amounted to £15,865.
11. Controlling party
The company is controlled by the director, Jeffery Frederick Nash.