Two Dogs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04944433 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2019

FOR

TWO DOGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P G Pleydell

SECRETARY:

P G Pleydell

REGISTERED OFFICE:

20a The Wharfage

Ironbridge

Telford

Shropshire

TF8 7NH

REGISTERED NUMBER:

04944433 (England and Wales)

ACCOUNTANTS:

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

FIXED ASSETS

Tangible assets

4

39,941

518,330

Investment property

5

492,930

-

532,871

518,330

CURRENT ASSETS

Debtors

6

828

789

Cash at bank

63,324

15,093

64,152

15,882

CREDITORS

Amounts falling due within one year

7

72,823

65,434

NET CURRENT LIABILITIES

(8,671

)

(49,552

)

TOTAL ASSETS LESS CURRENT LIABILITIES

524,200

468,778

CREDITORS

Amounts falling due after more than one year

8

158,025

180,687

NET ASSETS

366,175

288,091

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

366,075

287,991

SHAREHOLDERS' FUNDS

366,175

288,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th August 2020 and were signed by:

P G Pleydell - Director

1.	STATUTORY INFORMATION

Two Dogs Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

In the Directors opinion, the Investment Properties carrying value does not differ materially from its fair value at

the balance sheet date. No independent valuation has been obtained at the balance sheet date to confirm this.

The Directors recognise the requirement to obtain an independent valuation with sufficient regularity to confirm

the Investment Properties carrying amount in the balance sheet does not differ materially from its fair value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1st September 2018

492,930

47,367

145,417

685,714

Additions

-

9,752

17,301

27,053

Reclassification/transfer

(492,930

)

-

-

(492,930

)

At 31st August 2019

-

57,119

162,718

219,837

DEPRECIATION

At 1st September 2018

-

33,112

134,272

167,384

Charge for year

-

2,392

10,120

12,512

At 31st August 2019

-

35,504

144,392

179,896

NET BOOK VALUE

At 31st August 2019

-

21,615

18,326

39,941

At 31st August 2018

492,930

14,255

11,145

518,330

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Reclassification/transfer

492,930

At 31st August 2019

492,930

NET BOOK VALUE

At 31st August 2019

492,930

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Other debtors

828

789

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

22,836

22,836

Taxation and social security

48,896

41,777

Other creditors

1,091

821

72,823

65,434

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans

113,532

155,247

Other creditors

44,493

25,440

158,025

180,687

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

37,524

79,239

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.19

31.8.18

£

£

Bank loans

136,368

178,083

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Pleydell and Mrs J Pleydell as they co-operate to exercise control.