Registration number: SC750399

Year of the Dog Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Year of the Dog Limited

Company Information

Directors

M MacLeod-Dunford J F G MacLeod-Dunford

Registered office

Macsfield Newlands Farm Denholm Hawick TD9 8PY

Accountants

Deans Accountants And Business Advisors Ltd 27 North Bridge Street Hawick Scottish Borders TD9 9BD

Year of the Dog Limited

(Registration number: SC750399)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	20,000	20,000
Tangible assets	5	227,996	186,892
		247,996	206,892
Current assets
Debtors	6	274	15,346
Cash at bank and in hand		1,046	1,189
		1,320	16,535
Creditors: Amounts falling due within one year	7	(107,478)	(99,022)
Net current liabilities		(106,158)	(82,487)
Total assets less current liabilities		141,838	124,405
Creditors: Amounts falling due after more than one year	7	(97,044)	(114,536)
Net assets		44,794	9,869
Capital and reserves
Called up share capital	9	200	200
Retained earnings		44,594	9,669
Shareholders' funds		44,794	9,869

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 September 2025 and signed on its behalf by:
 

......................................... M MacLeod-Dunford Director

......................................... J F G MacLeod-Dunford Director

Year of the Dog Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Macsfield
Newlands Farm
Denholm
Hawick
TD9 8PY

The principal place of business is:
Macsfield
Newlands Farm
Denholm
Hawick
TD9 8PY

These financial statements were authorised for issue by the Board on 1 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are presented in £GBP and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made included:

Useful economic lives of tangible assets – the annual depreciation charge for tangible assets is sensitive to change in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation, and the physical condition of the assets.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of Value-Added Tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Year of the Dog Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	20% Straight line.
Land and buildings	Nil.
Motor vehicles	20% Straight line.
Plant and equipment	20% Straight line.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Nil.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Year of the Dog Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it’s liabilities.

 Recognition and measurement
Where shares are issued, any component that creates, a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Impairment
At the end of each reporting period financial instruments measured at fair value are assessed for objective evidence of impairment. The impairment loss is recognised in the profit and loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Year of the Dog Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill £	Total £
Cost or valuation
At 1 April 2024	20,000	20,000
At 31 March 2025	20,000	20,000
Amortisation
Carrying amount
At 31 March 2025	20,000	20,000
At 31 March 2024	20,000	20,000

5	Tangible assets

	Land and buildings £	Improvements to property £	Motor vehicles  £	Plant and equipment £	Total £
Cost or valuation
At 1 April 2024	165,000	-	24,500	250	189,750
Additions	-	47,721	-	6,298	54,019
Disposals	-	-	(6,000)	-	(6,000)
At 31 March 2025	165,000	47,721	18,500	6,548	237,769
Depreciation
At 1 April 2024	-	-	2,854	4	2,858
Charge for the year	-	3,087	4,900	670	8,657
Eliminated on disposal	-	-	(1,742)	-	(1,742)
At 31 March 2025	-	3,087	6,012	674	9,773
Carrying amount
At 31 March 2025	165,000	44,634	12,488	5,874	227,996
At 31 March 2024	165,000	-	21,646	246	186,892

Included within the net book value of land and buildings above is £165,000 (2024 - £165,000) in respect of freehold land and buildings.
 

6

Debtors

Current	2025 £	2024 £
Trade debtors	144	12,710
Prepayments	130	2,636
	274	15,346

Year of the Dog Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	18,946	10,944
Trade creditors		20,397	4,047
Taxation and social security		6,104	6,224
Accruals and deferred income		1,650	-
Other creditors		60,381	77,807
		107,478	99,022

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	97,044	114,536

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	97,044	114,536

Current loans and borrowings

	2025 £	2024 £
Other borrowings	18,946	10,944

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	200	200	200	200

10	Related party transactions

Other transactions with directors

During the year the Directors of the Company advanced payments to the Company. The payments advanced are interest-free and no repayment terms or dates have been set. At the year-end date, the balance payable to the Directors is £59,973 (2024: £77,408).