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
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
Fat Llama Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
87,884
599,677
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)
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
Fat Llama Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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
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.
The amount of exchange differences recognized in profit or loss was a loss of £156,069 (2023: gain of £468,309)
Fat Llama Ltd
Notes to the Accounts
for the year ended 31 December 2024
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
Disposals
(2,126)
(8,594)
(10,720)
At 31 December 2024
-
41,369
41,369
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
At 31 December 2023
982
4,452
5,434
Amounts falling due within one year
Accrued income and prepayments
14,920
934
Other debtors
31,459
16,318
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
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)
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
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.
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).