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REGISTERED NUMBER: 14207941 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

DAGODA LEISURE LTD

DAGODA LEISURE LTD (REGISTERED NUMBER: 14207941)






Contents of the Financial Statements
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAGODA LEISURE LTD

Company Information
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: Mr Andre Philip Julius Hordagoda





REGISTERED OFFICE: C/o Silver Arc Ltd
1 Quality Court
London
WC2A 1HR





REGISTERED NUMBER: 14207941 (England and Wales)





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

DAGODA LEISURE LTD (REGISTERED NUMBER: 14207941)

Balance Sheet
31ST JULY 2024

31/7/24 31/7/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 27,500 -
Tangible assets 5 187,430 -
214,930 -

CURRENT ASSETS
Debtors 6 40,792 36,000
Cash at bank and in hand 36,834 100
77,626 36,100
CREDITORS
Amounts falling due within one year 7 (382,920 ) (36,562 )
NET CURRENT LIABILITIES (305,294 ) (462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(90,364

)

(462

)

CREDITORS
Amounts falling due after more than one year 8 (36,677 ) -
NET LIABILITIES (127,041 ) (462 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (127,141 ) (562 )
SHAREHOLDERS' FUNDS (127,041 ) (462 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DAGODA LEISURE LTD (REGISTERED NUMBER: 14207941)

Balance Sheet - continued
31ST JULY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th April 2025 and were signed by:





Mr Andre Philip Julius Hordagoda - Director


DAGODA LEISURE LTD (REGISTERED NUMBER: 14207941)

Notes to the Financial Statements
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Dagoda Leisure Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets 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

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures & Fittings - 15% Straight Line
Computer Equipment - 20% Straight Line
Plant & Machinery - 20% Straight Line
Leasehold Improvements - 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DAGODA LEISURE LTD (REGISTERED NUMBER: 14207941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - NIL ) .

DAGODA LEISURE LTD (REGISTERED NUMBER: 14207941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 30,000
At 31st July 2024 30,000
AMORTISATION
Charge for year 2,500
At 31st July 2024 2,500
NET BOOK VALUE
At 31st July 2024 27,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 201,133
At 31st July 2024 201,133
DEPRECIATION
Charge for year 13,703
At 31st July 2024 13,703
NET BOOK VALUE
At 31st July 2024 187,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 1,477 -
Other debtors 39,315 36,000
40,792 36,000

DAGODA LEISURE LTD (REGISTERED NUMBER: 14207941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts - 12
Trade creditors 1,171 -
Taxation and social security 1,099 -
Other creditors 380,650 36,550
382,920 36,562

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Other creditors 36,677 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
100 Ordinary Shares 1 100 100

10. RESERVES
Retained
earnings
£   

At 1st August 2023 (562 )
Deficit for the year (126,579 )
At 31st July 2024 (127,141 )