Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31Bulldog Holdings Limited is a private company, limited by shares, incorporated in England and Wales, registration number 00796492. The principal place of business is Foresters Cottage, Stoney Heath, Tadley, RG26 5SW. The principal activity of the company is property rental and investments management. 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 principle activity of the company is property rental and investments management.3truetrue2023-04-01false3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00796492 2023-04-01 2024-03-31 00796492 2022-04-01 2023-03-31 00796492 2024-03-31 00796492 2023-03-31 00796492 2022-04-01 00796492 c:Director2 2023-04-01 2024-03-31 00796492 d:FreeholdInvestmentProperty 2024-03-31 00796492 d:FreeholdInvestmentProperty 2023-03-31 00796492 d:CurrentFinancialInstruments 2024-03-31 00796492 d:CurrentFinancialInstruments 2023-03-31 00796492 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00796492 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00796492 d:ShareCapital 2023-04-01 2024-03-31 00796492 d:ShareCapital 2024-03-31 00796492 d:ShareCapital 2022-04-01 2023-03-31 00796492 d:ShareCapital 2023-03-31 00796492 d:ShareCapital 2022-04-01 00796492 d:SharePremium 2023-04-01 2024-03-31 00796492 d:SharePremium 2024-03-31 00796492 d:SharePremium 2022-04-01 2023-03-31 00796492 d:SharePremium 2023-03-31 00796492 d:SharePremium 2022-04-01 00796492 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 00796492 d:OtherMiscellaneousReserve 2024-03-31 00796492 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 00796492 d:OtherMiscellaneousReserve 2023-03-31 00796492 d:OtherMiscellaneousReserve 2022-04-01 00796492 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00796492 d:RetainedEarningsAccumulatedLosses 2024-03-31 00796492 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00796492 d:RetainedEarningsAccumulatedLosses 2023-03-31 00796492 d:RetainedEarningsAccumulatedLosses 2022-04-01 00796492 c:OrdinaryShareClass1 2023-04-01 2024-03-31 00796492 c:OrdinaryShareClass1 2024-03-31 00796492 c:OrdinaryShareClass1 2023-03-31 00796492 c:FRS102 2023-04-01 2024-03-31 00796492 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00796492 c:FullAccounts 2023-04-01 2024-03-31 00796492 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00796492 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00796492 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00796492 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 00796492 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 00796492 2 2023-04-01 2024-03-31 00796492 6 2023-04-01 2024-03-31 00796492 1 2024-03-31 00796492 2 2024-03-31 00796492 3 2024-03-31 00796492 1 2023-03-31 00796492 2 2023-03-31 00796492 3 2023-03-31 00796492 f:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00796492









BULLDOG HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BULLDOG HOLDINGS LIMITED
REGISTERED NUMBER: 00796492

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Fixed asset investments
  
6,589,450
6,191,915

Investment property
  
1,619,015
1,619,015

  
8,208,465
7,810,930

Current assets
  

Debtors due within 1 year
  
68,827
12,667

Bank & cash balances
  
615,461
1,108,689

  
684,288
1,121,356

Creditors: Amounts Falling Due Within One Year
 8 
(220,732)
(200,703)

Net current assets
  
 
 
463,556
 
 
920,653

Total assets less current liabilities
  
8,672,021
8,731,583

Provisions for liabilities
  

Deferred tax
 9 
(35,946)
(24,285)

  
 
 
(35,946)
 
 
(24,285)

Net assets
  
8,636,075
8,707,298


Capital and reserves
  

Called up share capital 
 10 
90,000
90,000

Share premium account
 11 
1,340,730
1,340,730

Other reserves
 11 
325,071
267,416

Profit and loss account
 11 
6,880,274
7,009,152

  
8,636,075
8,707,298


Page 1

 
BULLDOG HOLDINGS LIMITED
REGISTERED NUMBER: 00796492
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr William Riley
Director

Date: 2 December 2024

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
BULLDOG HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Share premium account
Non distributable reserves
Profit and loss account
Total equity

£
£
£
£
£


At 1 April 2022
90,000
1,340,730
166,374
7,141,322
8,738,426


Comprehensive income for the year

Profit for the year
-
-
-
112,872
112,872

Fair value adjustments-T/F to Non distributable reserves
-
-
-
(101,042)
(101,042)
Total comprehensive income for the year
-
-
-
11,830
11,830


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(144,000)
(144,000)

Transfer to/from profit and loss account
-
-
101,042
-
101,042


Total transactions with owners
-
-
101,042
(144,000)
(42,958)



At 1 April 2023
90,000
1,340,730
267,416
7,009,152
8,707,298


Comprehensive income for the year

Profit for the year
-
-
-
72,777
72,777

Fair value adjustments-T/F to Non distributable reserves
-
-
-
(57,655)
(57,655)
Total comprehensive income for the year
-
-
-
15,122
15,122


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(144,000)
(144,000)

Transfer to/from profit and loss account
-
-
57,655
-
57,655


Total transactions with owners
-
-
57,655
(144,000)
(86,345)


At 31 March 2024
90,000
1,340,730
325,071
6,880,274
8,636,075


The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Bulldog Holdings Limited is a private company, limited by shares, incorporated in England and Wales, registration number 00796492. The principal place of business is Foresters Cottage, Stoney Heath, Tadley, RG26 5SW.
The principal activity of the company is property rental and investments management.
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 £.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

 Joint ventures

 Joint Ventures are held at cost less impairment.

Page 4

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.
Investment properties where the leasehold is transferred to another group company is measured at the difference between the market value and the lease premiums. The lease premium value is reclassified as investment in subsidiary.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Page 6

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 7

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 8

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Unlisted investments
Other fixed asset investments
Investment in joint ventures
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2023
2,205,491
1,780,235
1,637,778
45,912
522,500
6,191,916


Additions
-
536,978
94,000
-
-
630,978


Disposals
-
(98,658)
-
-
-
(98,658)


Revaluations
-
(2,408)
57,655
3,968
-
59,215



At 31 March 2024

2,205,491
2,216,147
1,789,433
49,880
522,500
6,783,451



Impairment


Charge for the period
-
-
194,000
-
-
194,000



At 31 March 2024

-
-
194,000
-
-
194,000



Net book value



At 31 March 2024
2,205,491
2,216,147
1,595,433
49,880
522,500
6,589,451



At 31 March 2023
2,205,491
1,780,235
1,637,778
45,912
522,500
6,191,916

Page 9

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,619,015



At 31 March 2024
1,619,015

The 2024 valuations were made by the directors, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Trade debtors
12,100
7,050

Prepayments and accrued income
56,727
5,617

68,827
12,667



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
615,461
1,108,689


Page 10

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,617
792

Amounts owed to group undertakings
112,632
112,632

Corporation tax
40,068
32,330

Other taxation and social security
11,162
6,453

Other creditors
5,412
3,457

Accruals and deferred income
45,841
45,039

220,732
200,703


The bank holds various securities against the properties held by the company, incorporating a fixed and floating charges over all current and future assets of the company.


9.


Deferred taxation




2024


£






At beginning of year
(24,285)


Charged to profit or loss
(11,661)



At end of year
(35,946)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(35,946)
(33,333)

Losses and other deductions
-
9,048

(35,946)
(24,285)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,800,000 (2023 - 1,800,000) Ordinary 5p shares of £0.05 each
90,000
90,000


Page 11

 
BULLDOG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Reserves

Share premium account

The share premium account represents the excess paid for share capital.

Other reserves

The non distributable reserve respresents the cumulative unrealised gains on the revaluation of investment properties and unlisted investments.

Profit & loss account

This reserve represents the cumulative profits and losses of the company after the payment of any dividends.


12.


Related party transactions

Advantage has been taken of the exemption conferred by FRS 102 Section 1A Appendix C 34-36 Related Parties Disclosures not to disclose transactions with subsidiary undertakings 100% of whose voting rights are controlled within the Group.

 
Page 12