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Registration number: 09893950

Doodle IP Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

Doodle IP Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Doodle IP Limited

(Registration number: 09893950)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

1

1

Current assets

 

Debtors

5

250

240

Cash at bank and in hand

 

16

4,658

 

266

4,898

Creditors: Amounts falling due within one year

6

(106,823)

(138,428)

Net current liabilities

 

(106,557)

(133,530)

Net liabilities

 

(106,556)

(133,529)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(106,557)

(133,530)

Shareholders' deficit

 

(106,556)

(133,529)

For the financial year ending 28 February 2025 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.

Approved and authorised by the director on 23 May 2025
 

Mr V Conti
Director

   
     
 

Doodle IP Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 23 May 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Doodle IP Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Development costs

20% straight line

 

Doodle IP Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Doodle IP Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 March 2024

68,365

68,365

At 28 February 2025

68,365

68,365

Amortisation

At 1 March 2024

68,364

68,364

At 28 February 2025

68,364

68,364

Carrying amount

At 28 February 2025

1

1

At 29 February 2024

1

1

5

Debtors

Current

2025
£

2024
£

Prepayments

250

240

 

250

240

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

106,343

137,948

Accruals and deferred income

 

480

480

 

106,823

138,428

 

Doodle IP Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

       
 

Doodle IP Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

106,343

137,948