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REGISTERED NUMBER: 09043634 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

Mad Dog Developers Limited

Mad Dog Developers Limited (Registered number: 09043634)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mad Dog Developers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P R Burrows
Mrs S J Burrows
P L Burrows





REGISTERED OFFICE: Bracken Lodge
Stapley
Taunton
Somerset
TA3 7QA





REGISTERED NUMBER: 09043634 (England and Wales)





ACCOUNTANTS: Altway Business Services Limited
44 Links Way
Croxley Green
Rickmansworth
Hertfordshire
WD3 3RQ

Mad Dog Developers Limited (Registered number: 09043634)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,027,330 1,037,914

CURRENT ASSETS
Stocks 530,765 500,000
Debtors 5 333 49,341
Cash at bank 18,854 32,714
549,952 582,055
CREDITORS
Amounts falling due within one year 6 896,573 911,462
NET CURRENT LIABILITIES (346,621 ) (329,407 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

680,709

708,507

PROVISIONS FOR LIABILITIES 5,193 5,480
NET ASSETS 675,516 703,027

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 675,486 702,997
SHAREHOLDERS' FUNDS 675,516 703,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Mad Dog Developers Limited (Registered number: 09043634)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:




P L Burrows - Director P R Burrows - Director




Mrs S J Burrows - Director


Mad Dog Developers Limited (Registered number: 09043634)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mad Dog Developers 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 as modified by the revaluation of certain assets.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Mad Dog Developers Limited (Registered number: 09043634)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 1,000,000 79,966 2,182 21,831 1,103,979
Disposals - - - (8,950 ) (8,950 )
At 31 March 2024 1,000,000 79,966 2,182 12,881 1,095,029
DEPRECIATION
At 1 April 2023 - 49,330 1,813 14,922 66,065
Charge for year - 7,659 92 1,358 9,109
Eliminated on disposal - - - (7,475 ) (7,475 )
At 31 March 2024 - 56,989 1,905 8,805 67,699
NET BOOK VALUE
At 31 March 2024 1,000,000 22,977 277 4,076 1,027,330
At 31 March 2023 1,000,000 30,636 369 6,909 1,037,914

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2024 1,000,000 79,966 2,182 12,881 1,095,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings - 42,490
Other debtors 333 6,851
333 49,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 246,741 124,908
Trade creditors 1,192 27,926
Taxation and social security - 3,095
Other creditors 648,640 755,533
896,573 911,462

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company had an outstanding directors loan in the names of Mr P and Mrs S Burrows of £648,640 (2023: £755,533) at the year end. This is included in other creditors in note 8. This loan is interest free and repayable on demand.

Mad Dog Developers Limited (Registered number: 09043634)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the three directors, Mr P R Burrows, Mrs S J Burrows and Mr P L Burrows, by virtue of the fact that between them they own 100% of the company's issued share capital.