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Registration number: 12723388

Bad Dog Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Bad Dog Ltd

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Bad Dog Ltd

Company Information

Director

J-P Kley

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Bad Dog Ltd

Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,042

2,028

Investments

5

698,876

111,266

 

703,918

113,294

Current assets

 

Debtors

6

278,721

954,058

Cash at bank and in hand

 

5,254

45,772

 

283,975

999,830

Creditors: Amounts falling due within one year

7

(1,370,242)

(1,196,258)

Net current liabilities

 

(1,086,267)

(196,428)

Net liabilities

 

(382,349)

(83,134)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(382,449)

(83,234)

Shareholders' deficit

 

(382,349)

(83,134)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

Bad Dog Ltd

Statement of Financial Position as at 30 September 2024

Approved and authorised by the director on 31 January 2025
 

.........................................

J-P Kley

Director

Company registration number: 12723388

 

Bad Dog Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company also providing brand management services to its subsidiary undertakings.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a loss for the year ended 30 September 2024 and had net liabilities at that date amounting to £382,349.

At 30 September 2024 an amount of £622,561 was due to the director who has agreed to support the company and not call for repayment until such time as the company has sufficient working capital.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in the preparation of the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of management services in the ordinary course of the company's activities net of VAT discounts and rebates.

Revenue from brand management services are recognised evenly over the period to which they relate.

 

Bad Dog Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

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.

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.

3

Staff numbers

The average number of persons employed by the company during the year, was 2 (2023 - 1).

 

Bad Dog Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

2,099

2,099

Additions

3,983

3,983

At 30 September 2024

6,082

6,082

Depreciation

At 1 October 2023

71

71

Charge for the year

969

969

At 30 September 2024

1,040

1,040

Carrying amount

At 30 September 2024

5,042

5,042

At 30 September 2023

2,028

2,028

5

Investments

2024
£

2023
£

Investments in associated undertakings

698,876

111,266

Associates

£

Cost or valuation

At 1 October 2023

111,266

Additions

587,610

At 30 September 2024

698,876

Carrying amount

At 30 September 2024

698,876

At 30 September 2023

111,266

 

Bad Dog Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

2024
£

2023
£

Trade debtors

53,144

121,168

Amounts owed by group undertakings

215,200

832,890

Other debtors

10,377

-

278,721

954,058

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

54,090

18,685

Taxation and social security

115,307

61,042

Accruals and deferred income

61,164

-

Other creditors

1,139,681

1,116,531

1,370,242

1,196,258