REGISTERED NUMBER: 07412353 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Three Daggers (Operating) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F Boekel

REGISTERED OFFICE:

47 Westbury Road

Edington

Westbury

Wiltshire

BA13 4PG

REGISTERED NUMBER:

07412353 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,470

2,205

Tangible assets

5

154,218

169,241

Investments

6

100

100

155,788

171,546

CURRENT ASSETS

Stocks

7

79,497

72,453

Debtors

8

503,698

1,587,096

Cash at bank and in hand

751,333

223,895

1,334,528

1,883,444

CREDITORS

Amounts falling due within one year

9

7,010,474

5,666,491

NET CURRENT LIABILITIES

(5,675,946

)

(3,783,047

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,520,158

)

(3,611,501

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,520,258

)

(3,611,601

)

SHAREHOLDERS' FUNDS

(5,520,158

)

(3,611,501

)

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 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.

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 30 September 2025 and were signed by:

F Boekel - Director

1.	STATUTORY INFORMATION

Three Daggers (Operating) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Although the company has net liabilities at the Balance Sheet date, the accounts have been prepared on a going concern basis assuming the continued support of its parent company.

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.

Turnover

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

Turnover represents sales of goods and services, net of Value Added Tax

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.

Website costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2023 - 76 ) .

4.	INTANGIBLE FIXED ASSETS

Website

costs

£

COST

At 1 January 2024

and 31 December 2024

17,998

AMORTISATION

At 1 January 2024

15,793

Amortisation for year

735

At 31 December 2024

16,528

NET BOOK VALUE

At 31 December 2024

1,470

At 31 December 2023

2,205

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

29,189

179,979

39,835

Additions

-

13,677

3,130

At 31 December 2024

29,189

193,656

42,965

DEPRECIATION

At 1 January 2024

1,210

121,347

23,329

Charge for year

575

18,077

2,950

At 31 December 2024

1,785

139,424

26,279

NET BOOK VALUE

At 31 December 2024

27,404

54,232

16,686

At 31 December 2023

27,979

58,632

16,506

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

137,205

126,363

512,571

Additions

-

8,313

25,120

At 31 December 2024

137,205

134,676

537,691

DEPRECIATION

At 1 January 2024

120,596

76,848

343,330

Charge for year

4,083

14,458

40,143

At 31 December 2024

124,679

91,306

383,473

NET BOOK VALUE

At 31 December 2024

12,526

43,370

154,218

At 31 December 2023

16,609

49,515

169,241

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.

STOCKS

2024

2023

as restated

£

£

Stocks

71,952

64,908

Non-trade inventories

7,545

7,545

79,497

72,453

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

6,998

7,410

Other debtors

485,909

486,605

Deferred tax asset

-

1,054,286

Prepayments and accrued income

10,791

38,795

503,698

1,587,096

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

250,835

153,091

Amounts owed to group undertakings

6,549,057

5,281,234

Social security and other taxes

58,799

44,871

VAT

36,525

21,029

Other creditors

111,738

163,241

Accruals and deferred income

3,520

3,025

7,010,474

5,666,491

10.	DEFERRED TAX

£

Balance at 1 January 2024

(1,054,286

)

Movement in year

1,054,286

Balance at 31 December 2024

-

11.	OTHER FINANCIAL COMMITMENTS

The company has entered into an arrangement with its parent, Three Daggers Limited, for the lease of the property. The lease terms state that this is an ongoing arrangement. Currently, the annual rent charge is £34,000.

12.	POST BALANCE SHEET EVENTS

As part of group restructuring, with an effective date of 1st January 2025, the trade of the business, including that from the Three Daggers site, has been transferred into Three Daggers Public House Limited (13358273) a wholly owned subsidiary.

13.	CONTROLLING PARTY

The controlling party is The Three Daggers Limited (Jersey).

Registered office - 4th Floor, St Pauls Gate, 22-24 New Street, St Helier, Jersey, JE1 4TR