Registered number
09709741
The Underdog Ltd
Unaudited Filleted Accounts
31 August 2024
The Underdog Ltd
Registered number: 09709741
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 90 3,337
Investments held as current assets 4 - 280
Cash at bank and in hand - 24,820
90 28,437
Creditors: amounts falling due within one year 5 - (26,918)
Net current assets 90 1,519
Net assets 90 1,519
Capital and reserves
Called up share capital 90 90
Profit and loss account - 1,429
Shareholders' funds 90 1,519
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss L Langman
Director
Approved by the board on 12 May 2025
The Underdog Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
The company has no turnover. Its income is direvied from its subsidiary companies.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Debtors 2024 2023
£ £
Other debtors 90 3,337
4 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments - 280
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors - 26,918
6 Related party transactions
In the year, there were intercompany loans from/ (to) the following related close companies controlled by the directors:
2024 2023
£ £
A-OK9 Ltd - (100)
Dogtrackr Ltd - (90)
M&L Dogs Life Ltd 90 (16,940)
T J Mitchell Ltd - (8,970)
absoluteDogs Ltd - 3,377
90 (22,723)
7 Other information
The Underdog Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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