Datchet Pet Spa Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09676264 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2020

for

DATCHET PET SPA LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

Mrs P F Smith

M Smith

Registered office:

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

Registered number:

09676264 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Datchet Pet Spa Limited for the year ended 30 November 2020 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Datchet Pet Spa Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Datchet Pet Spa Limited and state those matters that we have agreed to state to the Board of Directors of Datchet Pet Spa Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Datchet Pet Spa Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Datchet Pet Spa 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 loss of Datchet Pet Spa Limited. You consider that Datchet Pet Spa Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Datchet Pet Spa Limited. For this reason, we have not verified the 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.

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

28 September 2021

Fixed assets

Tangible assets

4

455,000

459,000

Investments

5

466,704

466,704

921,704

925,704

Current assets

Debtors

6

22,170

23,528

Cash at bank

-

1,330

22,170

24,858

Creditors

Amounts falling due within one year

7

919,899

920,184

Net current liabilities

(897,729

)

(895,326

)

Total assets less current liabilities

23,975

30,378

Capital and reserves

Called up share capital

8

100

100

Retained earnings

23,875

30,278

Shareholders' funds

23,975

30,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2021 and were signed on its behalf by:

Mrs P F Smith - Director

1.	Statutory information

Datchet Pet Spa 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Tangible fixed assets

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

Freehold property

-

2% on buildings and nil on land

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3.	Employees and directors

The average number of employees during the year was NIL (2019 - NIL).

4.	Tangible fixed assets

Freehold

property

£

Cost

At 1 December 2019

and 30 November 2020

475,000

Depreciation

At 1 December 2019

16,000

Charge for year

4,000

At 30 November 2020

20,000

Net book value

At 30 November 2020

455,000

At 30 November 2019

459,000

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 December 2019

and 30 November 2020

466,704

Net book value

At 30 November 2020

466,704

At 30 November 2019

466,704

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Star Boarding Kennels Ltd

Registered office: Northside House, 69 Tweedy Road, Bromley, BR1 3WA

Nature of business: kennels and cattery

%

Class of shares:

holding

Ordinary

100.00

30/11/20

30/11/19

£

£

Aggregate capital and reserves

(156,300

)

(82,227

)

Loss for the year

(74,073

)

(64,813

)

6.

Debtors: amounts falling due within one year

2020

2019

£

£

Amounts owed by group undertakings

19,776

21,326

Other debtors

2,394

2,202

22,170

23,528

7.

Creditors: amounts falling due within one year

2020

2019

£

£

Bank loans and overdrafts

489,559

500,052

Trade creditors

960

-

Taxation and social security

100

100

Other creditors

429,280

420,032

919,899

920,184

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

9.	Related party disclosures

At the balance sheet date, the company was owed £19,776 (2019: £21,326) by its subsidiary company, Star Boarding Kennels Ltd.

10.	Ultimate controlling party

The ultimate controlling party is Mrs P F Smith.