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Dove Tale Joint Limited
Unaudited Financial Statements
For the Period 1 December 2022 to 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09699390
30 April 2024 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,663 -
1,663 -
CURRENT ASSETS
Cash at bank and in hand - 4
- 4
Creditors: Amounts Falling Due Within One Year 5 (143,971 ) (118,226 )
NET CURRENT ASSETS (LIABILITIES) (143,971 ) (118,222 )
TOTAL ASSETS LESS CURRENT LIABILITIES (142,308 ) (118,222 )
NET LIABILITIES (142,308 ) (118,222 )
CAPITAL AND RESERVES
Called up share capital 6 90 90
Profit and Loss Account (142,398 ) (118,312 )
SHAREHOLDERS' FUNDS (142,308) (118,222)
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Koshare-Edouardes
Director
23 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Dove Tale Joint Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09699390 . The registered office is 538 Nexus Connect, Front Street, Esh, Durham, DH7 9QR.
The presentation currency of the financial statements is the Pound Sterling (£).
The period has been extended to cover 17 months, therefore the comparatives are not directly comparable.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Sale of raw materials represents offcuts from the restoration process that have been sold to be upcycled.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment straight line over 4 years
2.4. Related Party Exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
2.5. Going Concern
At the balance sheet date the company had net liabilities of £142,308 (2022: £118,222). The company is supported by its parent company which in turn is financially supported by the directors. Although the company has been consistently loss making for some years, it is expected that once the caravan restoration is complete, and subsequently the film is released, that this will provide significant revenues, due to the ongoing and enduring popularity of The Beatles and specifically John Lennon. In addition, the director has confirmed her continued and ongoing financial support of the company as further explained in note 7. For these reasons, the directors believe it is appropriate to prepare the accounts on the going concern basis.
3. Average Number of Employees
Average number of employees during the period was: NIL (2022: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 -
Additions 1,990
As at 30 April 2024 1,990
Depreciation
As at 1 December 2022 -
Provided during the period 327
As at 30 April 2024 327
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 April 2024 1,663
As at 1 December 2022 -
5. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 November 2022
£ £
Trade creditors - 357
Other loans 66,000 66,000
Amounts owed to group undertakings 38,416 35,869
Other creditors 39,555 16,000
143,971 118,226
Included within other creditors is an amount of £66,000 which was received in a prior year from potential film investors. These monies are currently treated as creditors, rather than capital investment, because as at the balance sheet date the film production contract had not been finalised. When the film contract is finalised, the monies will either be returned to the potential investors by the director, or converted into shares. If the monies are returned to the potential investors, they will be paid plus interest; no interest has been accrued for as it is uncertain at this stage and no formal interest rate or terms are in place. The restoration was put on hold after significant discoveries made in 2022, which required additional research and has been meticulously documented. The directors hope that plans for the film of the restoration, which is being undertaken inhouse, with editing and production possibly being undertaken externally, will be finalised by 2027, in time for the 60th anniversary of Sgt Pepper.
6. Share Capital
30 April 2024 30 November 2022
Allotted, called up and fully paid £ £
90 Ordinary Shares of £ 1.00 each 90 90
7. Related Party Transactions
At the balance sheet date, the company owed the director £24,511 (2022: £1,429). This amount is interest free and repayable upon demand, although the director has confirmed that she will not withdraw her financial support to the detriment of the company or it's other creditors.
8. Ultimate Controlling Party
The company's ultimate controlling party is The Delight Makers Limited by virtue of his ownership of 100% of the issued share capital in the company.
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