31/08/2017
2017-08-31
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No description of principal activities is disclosed
2016-09-01
Sage Accounts Production 18.30 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
07658090
2016-09-01
2017-08-31
07658090
2017-08-31
07658090
2015-09-01
2016-08-31
07658090
2016-08-31
07658090
bus:Director1
2016-09-01
2017-08-31
07658090
core:LandBuildings
core:OwnedOrFreeholdAssets
2017-08-31
07658090
core:WithinOneYear
2017-08-31
07658090
core:WithinOneYear
2016-08-31
07658090
core:AfterOneYear
2017-08-31
07658090
core:AfterOneYear
2016-08-31
07658090
core:ShareCapital
2017-08-31
07658090
core:ShareCapital
2016-08-31
07658090
core:HedgingReserve
2017-08-31
07658090
core:HedgingReserve
2016-08-31
07658090
core:RetainedEarningsAccumulatedLosses
2017-08-31
07658090
core:RetainedEarningsAccumulatedLosses
2016-08-31
07658090
core:LandBuildings
core:OwnedOrFreeholdAssets
2016-08-31
07658090
bus:SmallEntities
2016-09-01
2017-08-31
07658090
bus:AuditExemptWithAccountantsReport
2016-09-01
2017-08-31
07658090
bus:FullAccounts
2016-09-01
2017-08-31
07658090
bus:SmallCompaniesRegimeForAccounts
2016-09-01
2017-08-31
07658090
bus:PrivateLimitedCompanyLtd
2016-09-01
2017-08-31
07658090
1
2016-09-01
2017-08-31
Company registration number:
07658090
DOG & BONE PROPERTY SERVICES LIMITED
Unaudited filleted financial statements
31 August 2017
DOG & BONE PROPERTY SERVICES LIMITED
Contents
Statement of financial position
Notes to the financial statements
DOG & BONE PROPERTY SERVICES LIMITED
Statement of financial position
31 August 2017
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2017
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2016
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Note
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£
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£
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£
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£
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Fixed assets
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Tangible assets
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5
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380,895
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380,895
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_______
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_______
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380,895
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380,895
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Current assets
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Debtors
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6
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2,959
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4,336
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Cash at bank
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5,423
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2,442
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_______
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_______
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8,382
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6,778
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Creditors: amounts falling due
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within one year
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7
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(
104,086)
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(
120,745)
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_______
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_______
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Net current liabilities
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(
95,704)
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(
113,967)
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_______
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_______
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Total assets less current liabilities
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285,191
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266,928
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Creditors: amounts falling due
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after more than one year
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8
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(
282,280)
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(
292,132)
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_______
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_______
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Net assets/(liabilities)
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2,911
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(
25,204)
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_______
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_______
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Capital and reserves
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Called up share capital
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100
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100
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Fair value reserve
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16,410
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16,410
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Profit and loss account
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(
13,599)
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(
41,714)
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_______
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_______
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Shareholders funds/(deficit)
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2,911
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(
25,204)
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_______
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_______
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For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 August 2018
, and are signed on behalf of the board by:
Jeffrey Frederick Nash
Director
Company registration number:
07658090
DOG & BONE PROPERTY SERVICES LIMITED
Notes to the financial statements
Year ended 31 August 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Premier House, 45 Ealing Road, Wembley, Middlesex, HA0 4BA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements are prepared on a going concern basis and assume the continuing support of the director and other creditors.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.
Turnover
Turnover represents the total invoice value, excluding value added tax, of management fees, rent and other expenses receivable by the company from managing and letting of properties during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved taxlosses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, which includes purchase price and any directly attributable expenditure. Subsequently, investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss. Deferred tax is provided on these revaluations.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loan from shareholder. Debt instruments that are receivable or payable within one year, such as trade receivables andpayables are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be received or paid.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2016:
7
).
5.
Tangible assets
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Freehold properties
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Total
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£
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£
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Cost
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At 1 September 2016 and 31 August 2017
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380,895
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380,895
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_______
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_______
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Depreciation
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At 1 September 2016 and 31 August 2017
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-
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-
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_______
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_______
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Carrying amount
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At 31 August 2017
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380,895
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380,895
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_______
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_______
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At 31 August 2016
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380,895
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380,895
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_______
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_______
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Investment properties are revalued annually by the director. He considers that the carrying value of these properties at 31 August 2017 fairly reflects their open market value at that date.
6.
Debtors
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2017
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2016
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£
|
£
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Trade debtors
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1,833
|
362
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Other debtors
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1,126
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3,974
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_______
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_______
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2,959
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4,336
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_______
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_______
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7.
Creditors: amounts falling due within one year
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2017
|
2016
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£
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£
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Bank loan
|
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10,462
|
9,248
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Social security and other taxes
|
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2,254
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1,352
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Other creditors
|
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91,370
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110,145
|
|
|
|
_______
|
_______
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|
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104,086
|
120,745
|
|
|
|
_______
|
_______
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|
8.
Creditors: amounts falling due after more than one year
|
|
|
2017
|
2016
|
|
|
|
£
|
£
|
|
Bank loan
|
|
282,280
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292,132
|
|
|
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_______
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_______
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9.
Related party transactions
Fees receivable amounting to £45,000 are for services provided to Dog & Bone Properties Ltd (a connected company) and £8,466 are for services provided to a SIPP in which Mr J Nash has an interest (a connected party). During the year, the company was charged £1,344 as a finance charge on an unsecured interest bearing loan from the director's spouse, Catherine Nash. This loan is repayable on demand. At the balance sheet date, the amount owed to her amounted to £22,047 (including net loan interest accrued but not yet paid amounting to £2,773) and included under 'Creditors: amounts falling due within one year'. Included in debtors is £1,126 due from Dog and Bone Projects Limited (a connected company). Included in creditors is £56,980 due to Dog & Bone Properties Ltd (a connected company).
10.
Controlling party
Catherine Anne Nash has a controlling interest in the company.
11.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2015.
Reconciliation of equity
No transitional adjustments were required.
Reconciliation of profit or loss for the year
No transitional adjustments were required.