11 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 08756410 2023-09-01 2024-08-31 08756410 2024-08-31 08756410 2023-08-31 08756410 2022-09-01 2023-08-31 08756410 2023-08-31 08756410 2022-08-31 08756410 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 08756410 bus:Director1 2023-09-01 2024-08-31 08756410 core:LandBuildings core:LongLeaseholdAssets 2023-08-31 08756410 core:FurnitureFittingsToolsEquipment 2023-08-31 08756410 core:LandBuildings core:LongLeaseholdAssets 2024-08-31 08756410 core:FurnitureFittingsToolsEquipment 2024-08-31 08756410 core:WithinOneYear 2024-08-31 08756410 core:WithinOneYear 2023-08-31 08756410 core:AfterOneYear 2024-08-31 08756410 core:AfterOneYear 2023-08-31 08756410 core:ShareCapital 2024-08-31 08756410 core:ShareCapital 2023-08-31 08756410 core:RetainedEarningsAccumulatedLosses 2024-08-31 08756410 core:RetainedEarningsAccumulatedLosses 2023-08-31 08756410 core:LandBuildings core:LongLeaseholdAssets 2023-09-01 2024-08-31 08756410 core:LandBuildings core:LongLeaseholdAssets 2023-08-31 08756410 core:FurnitureFittingsToolsEquipment 2023-08-31 08756410 bus:SmallEntities 2023-09-01 2024-08-31 08756410 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08756410 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08756410 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08756410 bus:FullAccounts 2023-09-01 2024-08-31 08756410 1 2023-09-01 2024-08-31
Company registration number: 08756410
DOG AND BONE PROJECTS LIMITED
Unaudited filleted financial statements
31 August 2024
DOG AND BONE PROJECTS LIMITED
Contents
Statement of financial position
Notes to the financial statements
DOG AND BONE PROJECTS LIMITED
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 594,670 658,858
_______ _______
594,670 658,858
Current assets
Stocks 65,273 79,933
Debtors 6 315,679 232,536
Cash at bank 281,669 103,296
_______ _______
662,621 415,765
Creditors: amounts falling due
within one year 7 ( 733,890) ( 574,543)
_______ _______
Net current liabilities ( 71,269) ( 158,778)
_______ _______
Total assets less current liabilities 523,401 500,080
Creditors: amounts falling due
after more than one year 8 ( 188,403) ( 214,904)
_______ _______
Net assets 334,998 285,176
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 334,997 285,175
_______ _______
Shareholders funds 334,998 285,176
_______ _______
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 24 March 2025 , and are signed on behalf of the board by:
Jeffery Nash
Director
Company registration number: 08756410
DOG AND BONE PROJECTS LIMITED
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, for the provision of hotel rooms and services, goods and services supplied and fees receivable from project management and consultancy work undertaken 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:
Improvements to leasehold premises - Straight line over the life of the lease
Fittings fixtures and equipment - 25 % 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 valuations.
Work in progress
Work in progress represents capital expenditure incurred on projects which has not been invoiced at the reporting date. It is stated at the lower of cost and net realisable value.
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. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 11 ).
5. Tangible assets
Leasehold properties Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 September 2023 677,412 817,399 1,494,811
Additions 2,193 950 3,143
_______ _______ _______
At 31 August 2024 679,605 818,349 1,497,954
_______ _______ _______
Depreciation
At 1 September 2023 153,837 682,116 835,953
Charge for the year 33,273 34,058 67,331
_______ _______ _______
At 31 August 2024 187,110 716,174 903,284
_______ _______ _______
Carrying amount
At 31 August 2024 492,495 102,175 594,670
_______ _______ _______
At 31 August 2023 523,575 135,283 658,858
_______ _______ _______
Included in leasehold properties are improvements to leasehold properties which are depreciated over the period of the lease.
6. Debtors
2024 2023
£ £
Trade debtors 93,536 39,175
Other debtors 222,143 193,361
_______ _______
315,679 232,536
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loan 5,448 4,347
Trade creditors 114,146 93,547
Corporation tax 36,336 -
Social security and other taxes 32,266 15,324
Other creditors 545,694 461,325
_______ _______
733,890 574,543
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loan 27,403 33,904
Other loans 161,000 181,000
_______ _______
188,403 214,904
_______ _______
9. Related party transactions
During the year, management fees amounting to £50,000 and rent amounting to £25,600 were paid to Dog & Bone Properties Ltd (a connected company). At 31 August 2024, the amount owed by Dog & Bone Properties Ltd and included in other debtors under amounts due within one year amounted to £214,643. During the year, rent amounting to £107,500 was paid to a SIPP in which Mr J Nash has an interest (a connected party).
10. Controlling party
The company is controlled by the director, Jeffery Nash.