Dog Eat Dog Limited
Unaudited Financial Statements
For the year ended 30 September 2024
Pages for Filing with Registrar
Company Registration No. 10965969 (England and Wales)
Dog Eat Dog Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 7
Dog Eat Dog Limited
Balance Sheet
As at 30 September 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,456
12,564
Investments
4
50,000
50,000
56,456
62,564
Current assets
Debtors
6
408,541
992,467
Creditors: amounts falling due within one year
7
(432,352)
(833,336)
Net current (liabilities)/assets
(23,811)
159,131
Net assets
32,645
221,695
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
32,643
221,693
Total equity
32,645
221,695
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 30 September 2024 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 financial statements were approved by the board of directors and authorised for issue on 14 April 2025 and are signed on its behalf by:
H Ascott
Director
Company Registration No. 10965969
Dog Eat Dog Limited
Notes to the Financial Statements
For the year ended 30 September 2024
Page 2
1
Accounting policies
Company information
Dog Eat Dog Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 7 Poland Street, London, England, W1F 8PU.
1.1
Accounting convention
These financial statements have been prepared in accordance with 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. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
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
Revenue is recognised in respect of production from the point at which the company has obtained the right to consideration in return for performance. This is considered to be when all necessary approvals during the process of pre-production have been obtained from the commissioning agency and normally equates to the date at which the shoot commences. No profit element is recognised until the company is able to estimate the profit on the production reliably.
1.4
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 bases:
Plant and equipment
33% straight line basis
Fixtures and fittings
33% straight line basis
Motor vehicles
25% straight line basis
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.
Dog Eat Dog Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
1
Accounting policies
(Continued)
Page 3
1.5
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.
1.6
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.
1.7
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.8
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.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.9
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.
Dog Eat Dog Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
1
Accounting policies
(Continued)
Page 4
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.
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.12
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.
Dog Eat Dog Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
Page 5
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
7
7
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 and 30 September 2024
76,107
Depreciation and impairment
At 1 October 2023
63,543
Depreciation charged in the year
6,108
At 30 September 2024
69,651
Carrying amount
At 30 September 2024
6,456
At 30 September 2023
12,564
4
Fixed asset investments
2024
2023
£
£
Investments in subsidiary undertakings
50,000
50,000
5
Subsidiaries
Details of the company's subsidiaries at 30 September 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Creative Media Investments Limited
6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL
Ordinary
100.00
Dog Eat Dog Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
Page 6
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
62,906
369,271
Corporation tax recoverable
14,912
Amounts owed by group undertakings
163,487
Other debtors
86,440
433,092
Prepayments and accrued income
95,708
175,192
408,541
992,467
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
48,923
167,974
Trade creditors
228,195
178,539
Amounts owed to group undertakings
52,506
Taxation and social security
77
46,525
Other creditors
92,151
156,588
Accruals and deferred income
10,500
283,710
432,352
833,336
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
9
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
Within one year
35,280
35,280
Between two and five years
70,560
105,840
105,840
141,120
Dog Eat Dog Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
Page 7
10
Related party transactions
At the year end, In Plain Sight Group Limited, a related party by virtue of common directorship, was owed £52,506 (2023: £72,033) by the company.
At the year end, DLNQNT Limited, a related party by virtue of common directorship, owed the company £81,072 (2023: £30,515).
At the year end, Production Service London Limited, a related party by virtue of common directorship, owed the company £600 (2023: £Nil).
At the year end, In Plain Sight (USD), a related party by virtue of common directorship, owed the company £934 (2023: £934)
During the year, the company made sales of £Nil (2023: £19,717) to Jericho Films Limited, a related party by virtue of common directorship. At the year end, Jericho Films Limited owed the company £70,881 (2023: £226,496).
During the year, the company made purchases of £51,500 (2023: £Nil) to Wolferlow Ltd, a related party by virtue of common directorship. At the year end, Wolferlow Ltd was owed £18,300 (2023: £Nil) by the company.
11
Parent company
There is no ultimate controlling party.
12
Charges
Coutts Bank Plc holds a fixed and floating charge over the assets of the company.