REGISTERED NUMBER: 04680541 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ROYVON DOG TRAINING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D James

Mrs H James

SECRETARY:

D James

REGISTERED OFFICE:

Sandy Cottage

Portsmouth Road

Esher

Surrey

KT10 9AW

REGISTERED NUMBER:

04680541 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,208,898

387,391

Investments

6

137,525

57,408

1,346,423

444,799

CURRENT ASSETS

Debtors

7

403,931

244,846

Cash at bank and in hand

256,238

761,174

660,169

1,006,020

CREDITORS

Amounts falling due within one year

8

1,215,508

956,423

NET CURRENT (LIABILITIES)/ASSETS

(555,339

)

49,597

TOTAL ASSETS LESS CURRENT LIABILITIES

791,084

494,396

CREDITORS

Amounts falling due after more than one year

9

671,788

226,491

NET ASSETS

119,296

267,905

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

118,996

267,605

119,296

267,905

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 10 August 2025 and were signed on its behalf by:

Mrs H James - Director

1.	STATUTORY INFORMATION

Royvon Dog Training Limited 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 as modified by the revaluation of certain assets.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

5% on cost and 2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

35,000

AMORTISATION

At 1 January 2024

and 31 December 2024

35,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

755,890

113,599

869,489

Additions

842,513

987

843,500

At 31 December 2024

1,598,403

114,586

1,712,989

DEPRECIATION

At 1 January 2024

375,492

106,606

482,098

Charge for year

20,443

1,550

21,993

At 31 December 2024

395,935

108,156

504,091

NET BOOK VALUE

At 31 December 2024

1,202,468

6,430

1,208,898

At 31 December 2023

380,398

6,993

387,391

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

57,408

Additions

25,501

Revaluations

54,616

At 31 December 2024

137,525

NET BOOK VALUE

At 31 December 2024

137,525

At 31 December 2023

57,408

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2022

(32,185

)

Valuation in 2021

(14,382

)

Valuation in 0

80,117

Cost

103,975

137,525

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

147,478

22,278

Other debtors

256,453

222,568

403,931

244,846

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

98,221

54,272

Trade creditors

3,747

627

Amounts owed to group undertakings

1,060,070

846,664

Taxation and social security

26,469

17,176

Other creditors

27,001

37,684

1,215,508

956,423

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

671,788

226,491

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

419,767

101,466

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

3,895

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Barclays Mortgage

-

279,634

The bank borrowings are secured as follows:-

1. Joint and several guarantee supported by legal charges over Royvon Kennels, Incline Top, Merthyr Tydfil and Esher Boarding Kennels , Esher, Surrey.

2. Cross guarantee and debenture between Royvon Dog Training Limited and Royvon Dog Hotels & Training (Surrey) Limited.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

D James

Balance outstanding at start of year

98,148

98,253

Amounts advanced

117,824

98,395

Amounts repaid

(98,500

)

(98,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

117,472

98,148

Mrs H James

Balance outstanding at start of year

98,148

98,254

Amounts advanced

117,824

98,394

Amounts repaid

(98,500

)

(98,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

117,472

98,148

13.	RELATED PARTY DISCLOSURES

Control

The company is controlled by the directors Mr Darren James and Mrs Hannah James.

The company has Three wholly owned subsidiaries, Royvon Dog Hotels & Training (Merthyr) Limited, Royvon Pals4Pets Limited, Royvon Dog Hotels & Training (Surrey) Limited & Royvon Playhouse Bridgend Limited.

During the period the company recharged amounts included in other operating income to Royvon Dog Hotels & Training (Surrey) Limited of £48,235 (2023 : £48,235) for rent of Surrey property and £234,451 (2023 : £160,830) for central marketing & administration. As at 31 December 2024 the company owed £836,581 (2023 : £634,378) to Royvon Dog Hotels & Training (Surrey) Limited.

During the year the company recharged amounts included in other operating income to Royvon Dog Hotels & Training (Merthyr) Limited £70,977 (2023: £43,078) for central marketing & administration. As at 31 December 2024 the company owed £224,715 (2023: £212,286) to Royvon Dog Hotels & Training (Merthyr) Limited.

During the year the company recharged amounts included in other operating income to Royvon Pals4Pets Limited £nil (2023: £nil) for central marketing & administration. As at 31 December 2024 the company was owed £23,512 (2023: £22,278) from Royvon Pals4Pets Limited.

During the year the company recharged amounts included in other operating income to Royvon Playhouse Bridgend Limited £30,000 (2023: N/A) for central marketing & administration. As at 31 December 2024 the company was owed £123,966 (2023: N/A) by Royvon Playhouse Bridgend Limited.