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Registration number: 08186306

Bulldog Power Ltd

Filleted Financial Statements

for the Year Ended 31 December 2022

 

Bulldog Power Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Bulldog Power Ltd

Company Information

Directors

Mr H S Ahuja

Vinar N V

Company secretary

Mr N A O Qazi

Registered office

Sun House
428 Long Drive
Greenford
Middlesex
UB6 8UH

Auditors

Xeinadin Audit Limited
8th Floor Becket House
36 Old Jewry
London
EC2R 8DD

 

Bulldog Power Ltd

(Registration number: 08186306)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

147,724

379,099

Cash at bank and in hand

 

113

462

 

147,837

379,561

Creditors: Amounts falling due within one year

5

(4,921,361)

(5,181,223)

Net liabilities

 

(4,773,524)

(4,801,662)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(4,773,525)

(4,801,663)

Shareholders' deficit

 

(4,773,524)

(4,801,662)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2024 and signed on its behalf by:
 


Mr H S Ahuja
Director

 

Bulldog Power Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Sun House
428 Long Drive
Greenford
Middlesex
UB6 8UH
United Kingdom

These financial statements were authorised for issue by the Board on 6 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Due to the nature of the company's principal activities, it is necessary for the directors to project and forecast several years in advance. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore adopts the going concern basis in preparing its financial statements.

 

Bulldog Power Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 6 March 2024 was John David Lee BA FCA, who signed for and on behalf of Xeinadin Audit Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Bulldog Power Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

4

Debtors

Current

2022
£

2021
£

Trade debtors

133,224

364,603

Other debtors

14,500

14,496

 

147,724

379,099

 

Bulldog Power Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

5

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Trade creditors

 

3,703

9,171

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

4,859,693

5,101,749

Taxation and social security

 

24,056

24,267

Accruals and deferred income

 

33,909

46,036

 

4,921,361

5,181,223

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

7

Dividends

   

2022

 

2021

   

£

 

£

Final dividend of £Nil (2021 - £Nil) per ordinary share

 

-

 

-

Interim dividend of £4,500.00 (2021 - £Nil) per ordinary share

 

4,500

 

-

   

4,500

 

-

         

8

Related party transactions

Summary of transactions with other related parties

The company has taken the exemption available under section 33 of FRS 102 not to disclose related party transactions and balances between members of group companies.
 

 

Bulldog Power Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

9

Parent and ultimate parent undertaking

The company's immediate parent is Sun Mark Ltd, incorporated in UK.

 The ultimate parent is Vinar NV, incorporated in Belgium.

 The most senior parent entity producing publicly available financial statements is Vinar NV. These financial statements are available upon request from Beringersteenweg 98, 3520 Zonhoven.
The smallest company preparing publicly available consolidated financial statements including these is Sun Mark International Ltd, A copy of these financial statements is available from:
Sun House
428 Long Drive
Greenford
Middlesex UB6 8UH

 The ultimate controlling party is Vinar NV.