Silverfin false false 31/12/2024 01/01/2024 31/12/2024 C Mcgeever 13/12/2012 M D P Mcgeever 11/09/2018 27 June 2025 The principal activity of the company is the development and sale of residential properties. The company ceased trading on 31 December 2024 08329385 2024-12-31 08329385 bus:Director1 2024-12-31 08329385 bus:Director2 2024-12-31 08329385 2023-12-31 08329385 core:CurrentFinancialInstruments 2024-12-31 08329385 core:CurrentFinancialInstruments 2023-12-31 08329385 core:ShareCapital 2024-12-31 08329385 core:ShareCapital 2023-12-31 08329385 core:FurtherSpecificReserve2ComponentTotalEquity 2024-12-31 08329385 core:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 08329385 core:RetainedEarningsAccumulatedLosses 2024-12-31 08329385 core:RetainedEarningsAccumulatedLosses 2023-12-31 08329385 core:CostValuation 2023-12-31 08329385 core:DisposalsDecreaseInInvestments 2024-12-31 08329385 core:CostValuation 2024-12-31 08329385 2022-12-31 08329385 bus:OrdinaryShareClass1 2024-12-31 08329385 2024-01-01 2024-12-31 08329385 bus:FilletedAccounts 2024-01-01 2024-12-31 08329385 bus:SmallEntities 2024-01-01 2024-12-31 08329385 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08329385 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08329385 bus:Director1 2024-01-01 2024-12-31 08329385 bus:Director2 2024-01-01 2024-12-31 08329385 2023-01-01 2023-12-31 08329385 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 08329385 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08329385 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08329385 (England and Wales)

BG DOODLES HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

BG DOODLES HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

BG DOODLES HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
BG DOODLES HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
Directors C Mcgeever
M D P Mcgeever
Registered office 9 Donnington Park
85 Birdham Road
Chichester
PO20 7AJ
United Kingdom
Company number 08329385 (England and Wales)
Accountant Kreston Reeves LLP
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BG DOODLES HOLDINGS LIMITED

For the financial year ended 31 December 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BG DOODLES HOLDINGS LIMITED (continued)

For the financial year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BG Doodles Holdings Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that BG Doodles Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BG Doodles Holdings Limited. You consider that BG Doodles Holdings Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of BG Doodles Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of BG Doodles Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 18 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of BG Doodles Holdings Limited and state those matters that we have agreed to state to the Board of Directors of BG Doodles Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BG Doodles Holdings Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

27 June 2025

BG DOODLES HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2024
BG DOODLES HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 0 100
0 100
Current assets
Stocks 0 848,298
Debtors 4 56,665 94,592
Cash at bank and in hand 96,894 251
153,559 943,141
Creditors: amounts falling due within one year 5 ( 476,128) ( 1,025,298)
Net current liabilities (322,569) (82,157)
Total assets less current liabilities (322,569) (82,057)
Net liabilities ( 322,569) ( 82,057)
Capital and reserves
Called-up share capital 7 100 100
Equity reserve 49,150 49,150
Profit and loss account ( 371,819 ) ( 131,307 )
Total shareholder's deficit ( 322,569) ( 82,057)

For the financial 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.

Directors' responsibilities:

The financial statements of BG Doodles Holdings Limited (registered number: 08329385) were approved and authorised for issue by the Board of Directors on 27 June 2025. They were signed on its behalf by:

M D P Mcgeever
Director
BG DOODLES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
BG DOODLES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BG Doodles Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Donnington Park, 85 Birdham Road, Chichester, PO20 7AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

On 31 December 2024 the directors made the decision that the Company would cease trading. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Deferred tax is only provided to the extent at which it is likely to be recovered.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Convertible loan notes
The component parts of compound instruments issued by the Company are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangement. On initial recognition, the financial liability component is recorded at its fair value. At the date of issue, in the case of a convertible bond denominated in the functional currency of the issuer that may be converted into a fixed number of equity shares, the fair value of the liability component is estimated using the prevailing market interest rate for a similar non-convertible instrument. The equity component is determined by deducting the amount of the liability component from the fair value of the compound instrument as a whole. This is recognised and included in the equity reserve within equity and is not subsequently remeasured.

Transaction costs are apportioned between the liability and equity components of the convertible instrument based on their relative fair values at the date of issue. The portion relating to the equity component is charged directly against equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 100
Disposals ( 100)
At 31 December 2024 0
Carrying value at 31 December 2024 0
Carrying value at 31 December 2023 100

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 56,665 59,385
Deferred tax asset 0 34,203
Other debtors 0 1,004
56,665 94,592

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,620 450
Convertible loan notes 91,202 442,350
Other taxation and social security 145,429 0
Other creditors 237,877 582,498
476,128 1,025,298

6. Deferred tax

2024 2023
£ £
At the beginning of financial year 34,203 29,074
(Charged)/credited to the Profit and Loss Account ( 34,203) 5,129
At the end of financial year 0 34,203

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Ultimate controlling party

Parent Company:

7TG Limited 09542791
9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ

The ultimate parent company is 7TG Holdings Limited, registration number 14785317. 7TG Limited holds 100% of the shares in BG Doodles Holdings Limited.