Two Dogs Limited - Accounts to registrar (filleted) - small 23.1.2

Two Dogs Limited - Accounts to registrar (filleted) - small 23.1.2

TWO DOGS LIMITED - Company Information

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REGISTERED NUMBER: 04944433 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2022

FOR

TWO DOGS LIMITED
TWO DOGS LIMITED (REGISTERED NUMBER: 04944433)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TWO DOGS LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2022







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
Page 1
TWO DOGS LIMITED (REGISTERED NUMBER: 04944433)

BALANCE SHEET
31st August 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,870 21,228
Investment property 5 492,930 492,930
509,800 514,158

CURRENT ASSETS
Debtors 6 2,724 2,567
Cash at bank 301,282 215,837
304,006 218,404
CREDITORS
Amounts falling due within one year 7 49,633 55,776
NET CURRENT ASSETS 254,373 162,628
TOTAL ASSETS LESS CURRENT
LIABILITIES
764,173
676,786

CREDITORS
Amounts falling due after more than one
year
8
149,753
146,892
NET ASSETS 614,420 529,894

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 614,320 529,794
SHAREHOLDERS' FUNDS 614,420 529,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2022 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 notes form part of these financial statements

Page 2 continued...
TWO DOGS LIMITED (REGISTERED NUMBER: 04944433)

BALANCE SHEET - continued
31st August 2022


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 30th May 2023 and were signed by:





P G Pleydell - Director


The notes form part of these financial statements

Page 3
TWO DOGS LIMITED (REGISTERED NUMBER: 04944433)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2022

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
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 (2021 - NIL).

Page 4 continued...
TWO DOGS LIMITED (REGISTERED NUMBER: 04944433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2021
and 31st August 2022 57,119 165,822 222,941
DEPRECIATION
At 1st September 2021 39,283 162,430 201,713
Charge for year 1,476 2,882 4,358
At 31st August 2022 40,759 165,312 206,071
NET BOOK VALUE
At 31st August 2022 16,360 510 16,870
At 31st August 2021 17,836 3,392 21,228

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2021
and 31st August 2022 492,930
NET BOOK VALUE
At 31st August 2022 492,930
At 31st August 2021 492,930

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Other debtors 2,724 2,567

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Bank loans and overdrafts 8,836 8,836
Taxation and social security 40,486 46,749
Other creditors 311 191
49,633 55,776

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.22 31.8.21
£    £   
Bank loans 89,763 86,902
Other creditors 59,990 59,990
149,753 146,892

Page 5 continued...
TWO DOGS LIMITED (REGISTERED NUMBER: 04944433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.22 31.8.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 38,755 35,894

9. RELATED PARTY DISCLOSURES

During the period ended 31 August 2022, a rent and management charge of £48,000 and £159,000 respectively was charged to Pleydell Smithyman Limited. The two companies are controlled by the same directors and shareholders.

10. ULTIMATE CONTROLLING PARTY

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

Page 6