Company registration number 09962436 (England and Wales)
Fat Badger Harrogate (UK) Ltd
Unaudited
financial statements
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
Fat Badger Harrogate (UK) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Fat Badger Harrogate (UK) Ltd
Statement Of Financial Position
as at 31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,596,889
680,052
Current assets
Stocks
48,222
46,387
Debtors
4
1,419,879
1,873,382
Cash at bank and in hand
348,364
310,570
1,816,465
2,230,339
Creditors: amounts falling due within one year
5
(3,278,099)
(2,061,938)
Net current (liabilities)/assets
(1,461,634)
168,401
Total assets less current liabilities
135,255
848,453
Creditors: amounts falling due after more than one year
6
(89,576)
(488,426)
Net assets
45,679
360,027
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
45,677
360,025
Total equity
45,679
360,027

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

Fat Badger Harrogate (UK) Ltd
Statement Of Financial Position (continued)
as at 31 January 2024
- 2 -

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 June 2024 and are signed on its behalf by:
P M Barker
Director
Company Registration No. 09962436
Fat Badger Harrogate (UK) Ltd
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5 years straight line
Fixtures and fittings
20% reducing balance
Motor vehicles
25% reducing balance
Stocks

Stock is valued at the lower of cost and net realisable value.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Fat Badger Harrogate (UK) Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
106
106
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2023
-
0
1,216,278
203,568
1,419,846
Additions
880,954
156,869
248,465
1,286,288
Disposals
-
0
(4,505)
-
0
(4,505)
At 31 January 2024
880,954
1,368,642
452,033
2,701,629
Depreciation and impairment
At 1 February 2023
-
0
724,270
15,524
739,794
Depreciation charged in the year
176,191
117,299
72,057
365,547
Eliminated in respect of disposals
-
0
(601)
-
0
(601)
At 31 January 2024
176,191
840,968
87,581
1,104,740
Carrying amount
At 31 January 2024
704,763
527,674
364,452
1,596,889
At 31 January 2023
-
0
492,008
188,044
680,052
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
54,788
56,270
Other debtors
1,305,360
1,800,555
Prepayments and accrued income
59,731
16,557
1,419,879
1,873,382
Fat Badger Harrogate (UK) Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan
-
0
151,000
Obligations under finance lease
21,350
21,350
Trade creditors
347,077
441,319
Corporation tax
2,993
4,296
Other taxation and social security
254,557
221,487
Other creditors
2,483,465
1,115,455
Accruals and deferred income
168,657
107,031
3,278,099
2,061,938

The bank loan is secured by an additional cross guarantee between this company and Visit Yorkshire Holdings Ltd, a connected company. The obligations under finance lease is secured.

The obligations under finance leases are secured against the assets to which they relate.

6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loan
-
0
377,500
Obligations under finance lease
89,576
110,926
89,576
488,426

The bank loan is secured by an additional cross guarantee between this company and Visit Yorkshire Holdings Ltd, a connected company. The obligations under finance lease is secured.

The obligations under finance leases are secured against the assets to which they relate.

7
Company information

Fat Badger Harrogate (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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