Dinghy Limited - Accounts to registrar (filleted) - small 18.2
Dinghy Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements for the Period 1 January 2018 to 31 January 2019 |
for |
Dinghy Limited |
Dinghy Limited (Registered number: 10670655) |
Contents of the Financial Statements |
for the Period 1 January 2018 to 31 January 2019 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Dinghy Limited |
Company Information |
for the Period 1 January 2018 to 31 January 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Certified Accountants & |
Statutory Auditors |
48 Belle Vue Terrace |
Malvern |
Worcestershire |
WR14 4QG |
Dinghy Limited (Registered number: 10670655) |
Abridged Balance Sheet |
31 January 2019 |
31.1.19 | 31.12.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
Dinghy Limited (Registered number: 10670655) |
Notes to the Financial Statements |
for the Period 1 January 2018 to 31 January 2019 |
1. | STATUTORY INFORMATION |
Dinghy Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Dinghy Limited as an individual company and do not contain |
consolidated financial information as the parent of a group. The company is exempt under Section 400 of the |
Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary |
undertakings are included by full consolidation in the consolidated financial statements of its ultimate holding |
company Kingsbridge Group Limited, 9 Miller Court, Severn Drive, Tewkesbury Business Park, Tewkesbury |
GL20 8DN. |
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. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period 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. |
Research and development |
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development |
expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be |
demonstrated. |
Going concern |
During the period to 31 January 2019, the company made losses arising on the start up costs expected of a |
venture of this nature. The directors, however, consider the company to be a going concern due to the continued |
funding and support by the ultimate parent company of the group. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2017 - NIL). |
Dinghy Limited (Registered number: 10670655) |
Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 31 January 2019 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2018 |
and 31 January 2019 |
AMORTISATION |
At 1 January 2018 |
Amortisation for period |
At 31 January 2019 |
NET BOOK VALUE |
At 31 January 2019 |
At 31 December 2017 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 January 2018 |
and 31 January 2019 | 2 |
NET BOOK VALUE |
At 31 January 2019 | 2 |
At 31 December 2017 | 2 |
6. | SECURED DEBTS |
Royal Bank of Scotland holds a fixed and floating charge over the assets of the company together with certain |
intellectual property and trademarks owned by the Kingsbridge Group. The debenture was created on 14 |
February 2019 and registered as a charge at Companies House on 28 February 2019. |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
Dinghy Limited (Registered number: 10670655) |
Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 31 January 2019 |
8. | RELATED PARTY DISCLOSURES |
Intercompany - Dinghy Tech Limited |
A 100% owned subsidiary of Dinghy Limited. |
At the balance sheet date Dinghy Limited is owed £548,056 by Dinghy Tech Limited (2017 : £182,672) which |
was included in Debtors. |
The loan carries no liability to interest and is repayable on demand. |
Intercompany - Dinghy UK Limited |
A 100% owned subsidiary of Dinghy Limited. |
At the balance sheet date Dinghy Limited is owed £345,158 by Dinghy UK Limited (2017 : £200,589) which |
was included in Debtors. |
The loan carries no liability to interest and is repayable on demand. |
Intercompany - Kingsbridge Risk Solutions Limited |
A member of the Kingsbridge Group. |
At the balance sheet date Dinghy Limited owed £30,000 to Kingsbridge Risk Solutions Limited (2017 : £0). This |
is included within Creditors Due Within One Year. |
The loan carries no liability to interest and is repayable on demand. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is SOAR Newco Limited. |
The ultimate controlling party is Kingsbridge Group Limited. |