Hounds & Hooves Limited iXBRL

Hounds & Hooves Limited

Directors' Report and Unaudited Financial Statements

for the financial year ended 31 January 2026

Hounds & Hooves Limited

DIRECTORS AND OTHER INFORMATION


Directors	Mr Richard Adlington
	Mrs Jordan Adlington-Eley


Company Registration Number	09960918


Registered Office and Business Address	Whitcombe Racing Stables
	Whitcombe, Nr Dorchester
	Dorset
	DT2 8NY
	England


Accountants	A Hunter & Co
	61 St. Thomas Street
	Weymouth
	Dorset
	DT4 8EQ

Hounds & Hooves Limited

DIRECTORS' REPORT

for the financial year ended 31 January 2026

The directors present their report and the unaudited financial statements for the financial year ended 31 January 2026.

Directors

The directors who served during the financial year are as follows:

Mr Richard Adlington

Mrs Jordan Adlington-Eley

There were no changes in shareholdings between 31 January 2026 and the date of signing the financial statements.

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

■

select suitable accounting policies and apply them consistently;

■

make judgements and accounting estimates that are reasonable and prudent;

■

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mr Richard Adlington

Director

___________________________

Mrs Jordan Adlington-Eley

Director

23 March 2026

Hounds & Hooves Limited

ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of Hounds & Hooves Limited

for the financial year ended 31 January 2026

In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 January 2026 as set out on pages to which comprise the Profit and Loss Account, the Balance Sheet, the Reconciliation of Shareholders' Funds and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Hounds & Hooves Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by The Association of Chartered Certified Accountants and have complied with the relevant ethical guidance laid down by The Association of Chartered Certified Accountants relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet for the year ended 31 January 2026 your duty to ensure that Hounds & Hooves Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hounds & Hooves Limited. You consider that Hounds & Hooves Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Hounds & Hooves Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

A HUNTER & CO

61 St. Thomas Street

Weymouth

Dorset

DT4 8EQ

23 March 2026

Hounds & Hooves Limited

PROFIT AND LOSS ACCOUNT

for the financial year ended 31 January 2026

	2026	2025
Notes	£	£

Turnover	91,814	137,507

Cost of sales	(1,991)	(12,707)
	─────────	─────────
Gross profit	89,823	124,800

Administrative expenses	(72,468)	(88,700)
	─────────	─────────
Operating profit	17,355	36,100

Interest receivable and similar income	150	203
Interest payable and similar charges	(1,104)	(980)
	─────────	─────────
Profit on ordinary activities before taxation	16,401	35,323

Tax on profit on ordinary activities	(3,650)	(4,833)
	─────────	─────────
Profit for the financial year	12,751	30,490
	─────────	─────────
Total comprehensive income	12,751	30,490
	═════════	═════════

Hounds & Hooves Limited

Company Registration Number: 09960918

BALANCE SHEET

as at 31 January 2026

		2026	2025
	Notes	£	£

Fixed Assets

Tangible assets

20,941

23,749

─────────

Current Assets

Stocks

500

500

Debtors

1,044

7,191

Cash and cash equivalents

12,535

32,167

─────────

14,079

39,858

─────────

Creditors: amounts falling due within one year

(9,274)

(21,129)

─────────

Net Current Assets

4,805

18,729

─────────

Total Assets less Current Liabilities

25,746

42,478

Creditors:

amounts falling due after more than one year

(11,174)

(14,657)

─────────

Net Assets

14,572

27,821

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

14,472

27,721

─────────

Equity attributable to owners of the company

14,572

27,821

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 23 March 2026 and signed on its behalf by

________________________________

Mr Richard Adlington

Director

________________________________

Mrs Jordan Adlington-Eley

Director

Hounds & Hooves Limited

RECONCILIATION OF SHAREHOLDERS' FUNDS

as at 31 January 2026

	Called up	Retained	Total
	share	earnings
	capital
	£	£	£

At 1 February 2024	100	20,757	20,857
	─────────	─────────	─────────
Profit for the financial year	-	30,490	30,490
	─────────	─────────	─────────
Payment of dividends	-	(23,526)	(23,526)
	─────────	─────────	─────────
At 31 January 2025	100	27,721	27,821
	─────────	─────────	─────────
Profit for the financial year	-	12,751	12,751
	─────────	─────────	─────────
Payment of dividends	-	(26,000)	(26,000)
	─────────	─────────	─────────
At 31 January 2026	100	14,472	14,572
	═════════	═════════	═════════

Hounds & Hooves Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 January 2026

General Information

Hounds & Hooves Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 09960918. The registered office of the company is Whitcombe Racing Stables, Whitcombe, Nr Dorchester, Dorset, DT2 8NY, England which is also the principal place of business of the company. The princial activity is dog training, dog walking and the private hire of fields. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 January 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Goodwill

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 0 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

15% reducing balance

Fixtures, fittings and equipment

15% reducing balance

Motor vehicles

25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 4, (2025 - 4).

2026

2025

Number

Number

Admin

═════════


4.	Intangible assets

		Goodwill	Total
		£	£
	Cost
	At 1 February 2025	9,000	9,000
		─────────	─────────

	At 31 January 2026	9,000	9,000
		─────────	─────────
	Amortisation

	At 31 January 2026	9,000	9,000
		─────────	─────────
	Net book value
	At 31 January 2026	-	-
		═════════	═════════


5.	Tangible assets
		Plant and	Fixtures,	Motor	Total
		machinery	fittings and	vehicles
			equipment
		£	£	£	£
	Cost
	At 1 February 2025	14,123	436	22,990	37,549
	Additions	2,917	-	-	2,917
		─────────	─────────	─────────	─────────
	At 31 January 2026	17,040	436	22,990	40,466
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 February 2025	7,716	336	5,748	13,800
	Charge for the financial year	1,399	15	4,311	5,725
		─────────	─────────	─────────	─────────
	At 31 January 2026	9,115	351	10,059	19,525
		─────────	─────────	─────────	─────────
	Net book value
	At 31 January 2026	7,925	85	12,931	20,941
		═════════	═════════	═════════	═════════
	At 31 January 2025	6,407	100	17,242	23,749
		═════════	═════════	═════════	═════════


6.	Stocks	2026	2025
		£	£

	Finished goods and goods for resale	500	500
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


7.	Debtors	2026	2025
		£	£

	Trade debtors	-	6,147
	Other debtors	1,044	1,044
		─────────	─────────
		1,044	7,191
		═════════	═════════


8.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Trade creditors	1,199	2,000
	Taxation (Note 10)	7,232	14,873
	Directors' current accounts	-	2,471
	Other creditors	-	962
	Accruals:
	Pension accrual	17	26
	Other accruals	826	797
		─────────	─────────
		9,274	21,129
		═════════	═════════


9.	Creditors	2026	2025
	Amounts falling due after more than one year	£	£

	Bank loan	11,139	14,657
	Directors' loan accounts	35	-
		─────────	─────────
		11,174	14,657
		═════════	═════════

	Loans
	Repayable between two and five years	11,139	14,657
		═════════	═════════


10.	Taxation	2026	2025
		£	£

	Creditors:
	VAT	3,108	9,225
	Corporation tax	3,650	4,833
	PAYE / NI	474	815
		─────────	─────────
		7,232	14,873
		═════════	═════════


11.	Share capital			2026	2025
				£	£
	Description	Number of shares	Value of units

	Allotted, called up and fully paid
	Called up Ordinary	100	£1.00 each	100	100

				═════════	═════════

12.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 January 2026.

13.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.

Hounds & Hooves Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the financial year ended 31 January 2026

	2026		2025
	£		£

Sales

91,814

137,507

─────────

Cost of sales

Opening stock

500

500

Direct costs

1,991

12,707

─────────

2,491

13,207

Closing stock

(500)

(500)

─────────

1,991

12,707

─────────

Gross profit

89,823

124,800

─────────

Administrative expenses

Wages and salaries	22,422	36,514
Director's remuneration	9,848	23,308
Pension costs	486	748
Staff training	66	40
Use of premises	312	312
Rent payable	7,170	7,859
Rates	31	-
Insurance	1,970	1,540
Repairs and maintenance	1,472	1,933
Printing, postage and stationery	434	856
Advertising	-	1,841
Telephone Broadband	1,462	1,043
Computer costs	7,025	5,308
Motor expenses	8,582	8,671
Travelling and entertainment	153	8
Entertaining	-	57
Legal and professional	-	870
Accountancy Fees	2,152	2,039
Bank charges	2,435	2,738
General expenses	38	77
Subscriptions	685	725
Profits/losses on disposal of intangibles	-	(16,221)
Depreciation of tangible assets	5,725	8,434
	─────────	─────────
	72,468	88,700
	─────────	─────────

Finance

Interest paid on overdue taxation

Other interest

1,103

980

─────────

1,104

980

─────────

Miscellaneous income

Bank interest	150	203
	─────────	─────────

Net profit	16,401	35,323
	═════════	═════════