Registered number
12666956
M&L Dogs Life Ltd
Unaudited Filleted Accounts
31 August 2024
M&L Dogs Life Ltd
Registered number: 12666956
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 384,030 384,030
Investments 4 1,517,201 1,521,786
1,901,231 1,905,816
Current assets
Debtors 5 2,430,546 2,254,838
Investments held as current assets 6 250 160
Cash at bank and in hand 64,169 440,838
2,494,965 2,695,836
Creditors: amounts falling due within one year 7 (52,418) (18,386)
Net current assets 2,442,547 2,677,450
Net assets 4,343,778 4,583,266
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,343,678 4,583,166
Shareholders' funds 4,343,778 4,583,266
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss L Langman
Director
Approved by the board on 12 May 2025
M&L Dogs Life Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
The company has no turnover. Its income is direvied from its subsidiary companies.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 384,030
At 31 August 2024 384,030
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 384,030
At 31 August 2023 384,030
4 Investments
Other
investments
£
Cost
At 1 September 2023 1,521,786
Revaluation (4,585)
At 31 August 2024 1,517,201
5 Debtors 2024 2023
£ £
Other debtors 2,430,546 2,254,838
6 Investments held as current assets 2024 2023
£ £
Shares in group undertakings and paticipating interests 250 160
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 157 -
Taxation and social security costs 44,144 7,938
Other creditors 8,117 10,448
52,418 18,386
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest charged at HMRC offical rate. Repayable on demand 95,758 87,007 (162,125) 20,640
Director
Interest charged at HMRC offical rate. Repayable on demand 95,758 87,007 (162,125) 20,640
191,516 174,014 (324,250) 41,280
9 Related party transactions
In the year, there were intercompany loans from/ (to) the following related close companies controlled by the directors:
2024 2023
£ £
M&L Properties (SW) Ltd (2,008,503) (1,408,919)
Devon Dogs Ltd (299,944) (412,629)
M&L Construction Ltd - (202,441)
Lauren Langman Ltd - (14,906)
The Underdog Ltd 90 (16,940)
absoluteDogs Ltd (68,374) -
A-OK9 Ltd 8,028 -
(2,368,703) (2,055,835)
10 Other information
M&L Dogs Life Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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