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Company Registration No. 11227200 (England and Wales)
BREEDR LIMITED Unaudited accounts for the year ended 31 December 2024
BREEDR LIMITED Unaudited accounts Contents
Page
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BREEDR LIMITED Company Information for the year ended 31 December 2024
Directors
Ian Geoffrey Wheal Anthony Oliver Richard Hogg
Company Number
11227200 (England and Wales)
Registered Office
1 Lincoln House City Fields Way Tangmere West Sussex PO20 2FS
Accountants
B4Bookkeeping Ltd 1 Lincoln House Tangmere Chichester West Sussex PO20 2FS
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BREEDR LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,578 
26,951 
Current assets
Debtors
958,539 
1,199,674 
Cash at bank and in hand
133,748 
93,478 
1,092,287 
1,293,152 
Creditors: amounts falling due within one year
(2,989,459)
(1,970,904)
Net current liabilities
(1,897,172)
(677,752)
Net liabilities
(1,879,594)
(650,801)
Capital and reserves
Called up share capital
3,145 
3,145 
Share premium
9,437,973 
9,437,973 
Profit and loss account
(11,320,712)
(10,091,919)
Shareholders' funds
(1,879,594)
(650,801)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by
Ian Geoffrey Wheal Director Company Registration No. 11227200
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BREEDR LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BREEDR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11227200. The registered office is 1 Lincoln House, City Fields Way, Tangmere, West Sussex, PO20 2FS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
50% Straight Line
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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BREEDR LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
43,909 
4,648 
98,037 
146,594 
Additions
1,617 
1,938 
9,854 
13,409 
At 31 December 2024
45,526 
6,586 
107,891 
160,003 
Depreciation
At 1 January 2024
36,235 
2,731 
80,677 
119,643 
Charge for the year
5,861 
589 
16,332 
22,782 
At 31 December 2024
42,096 
3,320 
97,009 
142,425 
Net book value
At 31 December 2024
3,430 
3,266 
10,882 
17,578 
At 31 December 2023
7,674 
1,917 
17,360 
26,951 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
145,918 
26,634 
Amounts due from group undertakings etc.
714,917 
1,018,017 
Accrued income and prepayments
16,733 
28,905 
Other debtors
80,971 
126,118 
958,539 
1,199,674 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
51,880 
152,979 
Amounts owed to group undertakings and other participating interests
2,612,171 
1,674,849 
Taxes and social security
149,384 
(6,214)
Other creditors
175,024 
133,372 
Accruals
1,000 
15,918 
2,989,459 
1,970,904 
7
Average number of employees
During the year the average number of employees was 20 (2023: 26).
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