CANINE PRINCIPLES LTD


Director	GRIFFIN, Joelle


Registered Address	27 Old Gloucester Street
	Old Gloucester Street
	London
	WC1N 3AX


Registered Number	11458645 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		36,000		-
			36,000		-
Current assets
Debtors		5,902		-
Cash at bank and on hand		16,850		21,360
		22,752		21,360
Creditors amounts falling due within one year	5	(107,166)		(12,981)
Net current assets (liabilities)			(84,414)		8,379
Total assets less current liabilities			(48,414)		8,379
Net assets			(48,414)		8,379
Capital and reserves
Called up share capital			2		2
Profit and loss account			(48,416)		8,377
Shareholders' funds			(48,414)		8,379

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 20 November 2025, and are signed on its behalf by:

GRIFFIN, Joelle
Director
Registered Company No. 11458645

CANINE PRINCIPLES LTD

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Judgements and key sources of estimation uncertainty
	The company makes an estimate of the recoverable value of trade debtors. When assessing makes an estimate of the recoverable value of trade debtors. When assessing impairement of trade debtors, the directors consier factors including the ageing profile of the debit and the specific financial circumstances of the customer. At the year end, a specfic provision of £3,216 was recognised regarding a customer where significant uncertainty exists over recoverability following the detah of a key stakeholder.

Judgements and key sources of estimation uncertainty

The company makes an estimate of the recoverable value of trade debtors. When assessing makes an estimate of the recoverable value of trade debtors. When assessing impairement of trade debtors, the directors consier factors including the ageing profile of the debit and the specific financial circumstances of the customer. At the year end, a specfic provision of £3,216 was recognised regarding a customer where significant uncertainty exists over recoverability following the detah of a key stakeholder.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the service.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Goodwill is being amortised evenly over its estimated useful life of 10 years. Goodwill is stated at cost less accumulated amortisation and accumulated impairment losses. At each reporting date, the company assess whether there is any indication that goodwill may be impaired. If such an indiciation exists, the recoverable amount of the asset is estimated and compared to the carrying amount.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		2

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
Additions	40,000	-	40,000
At 30 April 25	40,000	-	40,000
Amortisation and impairment
Charge for year	-	4,000	4,000
At 30 April 25	-	4,000	4,000
Net book value
At 30 April 25	40,000	(4,000)	36,000
At 30 April 24	-	-	-

4.	Fixed asset investments

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	6,715	2,730
Taxation and social security	8,876	8,451
Other creditors	32,843	-
Accrued liabilities and deferred income	58,732	1,800
Total	107,166	12,981