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Company Registration No. 09927338 (England and Wales)
Fat Llama Ltd Unaudited accounts for the year ended 31 December 2024
Fat Llama Ltd Unaudited accounts Contents
Page
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Fat Llama Ltd Company Information for the year ended 31 December 2024
Directors
Ola Per Degerfors Per Axel Torgnyson Hellstrom
Company Number
09927338 (England and Wales)
Registered Office
85 Great Portland Street First Floor London W1W 7LT United Kingdom
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Fat Llama Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
5,434 
Current assets
Debtors
46,379 
17,252 
Cash at bank and in hand
87,884 
599,677 
134,263 
616,929 
Creditors: amounts falling due within one year
(8,491,613)
(8,355,689)
Net current liabilities
(8,357,350)
(7,738,760)
Total assets less current liabilities
(8,357,350)
(7,733,326)
Creditors: amounts falling due after more than one year
(7,691)
(17,691)
Net liabilities
(8,365,041)
(7,751,017)
Capital and reserves
Called up share capital
14 
14 
Share premium
1,084,299 
1,084,299 
Profit and loss account
(9,449,354)
(8,835,330)
Shareholders' funds
(8,365,041)
(7,751,017)
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 23 June 2025 and were signed on its behalf by
Ola Per Degerfors Director Company Registration No. 09927338
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Fat Llama Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Fat Llama Ltd is a private company, limited by shares, registered in England and Wales, registration number 09927338. The registered office is 85 Great Portland Street , First Floor , London , W1W 7LT, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
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 is generated as a percentage of the rental cost of goods.
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.
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:
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Fat Llama Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Foreign exchange
The amount of exchange differences recognized in profit or loss was a loss of £156,069 (2023: gain of £468,309)
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Fat Llama Ltd Notes to the Accounts for the year ended 31 December 2024
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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
2,126 
47,659 
49,785 
Additions
- 
2,304 
2,304 
Disposals
(2,126)
(8,594)
(10,720)
At 31 December 2024
- 
41,369 
41,369 
Depreciation
At 1 January 2024
1,144 
43,207 
44,351 
Charge for the year
245 
2,938 
3,183 
On disposals
(1,389)
(4,776)
(6,165)
At 31 December 2024
- 
41,369 
41,369 
Net book value
At 31 December 2024
- 
- 
- 
At 31 December 2023
982 
4,452 
5,434 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
14,920 
934 
Other debtors
31,459 
16,318 
46,379 
17,252 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
55,816 
62,852 
Trade creditors
34,936 
6,365 
Amounts owed to group undertakings and other participating interests
8,381,448 
8,254,585 
Taxes and social security
6,106 
3,767 
Other creditors
3,283 
9,070 
Loans from directors
(906)
(547)
Accruals
930 
9,597 
8,491,613 
8,355,689 
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Fat Llama Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,691 
17,691 
Included in non-current creditors is a bank loan of £7,691 (2023: £17,691) that relates to the Coronavirus outbreak Bounceback loan. Interest is accrued at the rate of 2.5% per annum. £10,000 (2023: £10,000) is included within creditors due within one year.
8
Transactions with related parties
As at the year-end, Fat Llama Inc and Hygglo AB have funded Fat Llama UK Ltd £8,381,448 (2023: £8,254,584) to aid with the development activity of the Company. The loan is interest-free and repayable on demand. Within other debtors there is £906 (2023: £547) relating to amounts due from the Company to a Director.
9
Controlling party
The ultimate controlling party is Hygglo AB, a company incorporated in Sweden.
10
Average number of employees
During the year the average number of employees was 8 (2023: 7).
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