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31/08/2024
2024-08-31
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No description of principal activities is disclosed
2023-09-01
Sage Accounts Production 24.0 - FRS102_2024
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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
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2023-09-01
2024-08-31
08756410
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core:LongLeaseholdAssets
2023-08-31
08756410
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2023-08-31
08756410
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core:LongLeaseholdAssets
2024-08-31
08756410
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2024-08-31
08756410
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2024-08-31
08756410
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2023-08-31
08756410
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2024-08-31
08756410
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2023-08-31
08756410
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2024-08-31
08756410
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2023-08-31
08756410
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2024-08-31
08756410
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2023-08-31
08756410
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core:LongLeaseholdAssets
2023-09-01
2024-08-31
08756410
core:LandBuildings
core:LongLeaseholdAssets
2023-08-31
08756410
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2023-08-31
08756410
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2023-09-01
2024-08-31
08756410
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2023-09-01
2024-08-31
08756410
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2023-09-01
2024-08-31
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2024-08-31
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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.