Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-01falseNo description of principal activity8truetrue 09215452 2023-12-01 2024-11-30 09215452 2022-12-01 2023-11-30 09215452 2024-11-30 09215452 2023-11-30 09215452 c:Director1 2023-12-01 2024-11-30 09215452 d:ComputerEquipment 2023-12-01 2024-11-30 09215452 d:ComputerEquipment 2024-11-30 09215452 d:ComputerEquipment 2023-11-30 09215452 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09215452 d:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 09215452 d:OtherPropertyPlantEquipment 2024-11-30 09215452 d:OtherPropertyPlantEquipment 2023-11-30 09215452 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09215452 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09215452 d:CurrentFinancialInstruments 2024-11-30 09215452 d:CurrentFinancialInstruments 2023-11-30 09215452 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 09215452 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09215452 d:ShareCapital 2024-11-30 09215452 d:ShareCapital 2023-11-30 09215452 d:SharePremium 2024-11-30 09215452 d:SharePremium 2023-11-30 09215452 d:CapitalRedemptionReserve 2024-11-30 09215452 d:CapitalRedemptionReserve 2023-11-30 09215452 d:RetainedEarningsAccumulatedLosses 2024-11-30 09215452 d:RetainedEarningsAccumulatedLosses 2023-11-30 09215452 c:FRS102 2023-12-01 2024-11-30 09215452 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09215452 c:FullAccounts 2023-12-01 2024-11-30 09215452 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09215452 2 2023-12-01 2024-11-30 09215452 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 09215452










BAD BROWNIE LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
BAD BROWNIE LTD
REGISTERED NUMBER: 09215452

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
77,197
88,511

  
77,197
88,511

Current assets
  

Stocks
  
8,145
27,876

Debtors: amounts falling due within one year
 5 
17,037
20,427

Cash at bank and in hand
 6 
11,148
141,478

  
36,330
189,781

Creditors: amounts falling due within one year
 7 
(39,722)
(108,697)

Net current (liabilities)/assets
  
 
 
(3,392)
 
 
81,084

Total assets less current liabilities
  
73,805
169,595

  

Net assets
  
73,805
169,595


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
59,957
59,957

Capital redemption reserve
  
43
43

Profit and loss account
  
13,705
109,495

  
73,805
169,595


Page 1

 
BAD BROWNIE LTD
REGISTERED NUMBER: 09215452
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Ekanger
Director

Date: 27 August 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Bad Brownie Limited is a private limited company limited by share capital, incorporated in England and Wales, registration number 09215452.
The registered office address is 1 Vincent Square, London, SW1P 2PN.
The principle activity was that of the manufacture of fresh pastry goods and cakes.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment
-
5
Years
Other fixed assets
-
10
Years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

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

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 8).


4.


Tangible fixed assets





Computer equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 December 2023
17,631
87,323
104,954



At 30 November 2024

17,631
87,323
104,954



Depreciation


At 1 December 2023
11,450
4,993
16,443


Charge for the year on owned assets
2,582
8,732
11,314



At 30 November 2024

14,032
13,725
27,757



Net book value



At 30 November 2024
3,599
73,598
77,197



At 30 November 2023
6,181
82,330
88,511


5.


Debtors

2024
2023
£
£


Trade debtors
2,169
8,820

Other debtors
14,868
11,607

17,037
20,427


Page 7

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,148
141,478

11,148
141,478



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
20,000
85,289

Trade creditors
5,005
5,914

Other taxation and social security
1,832
6,487

Other creditors
9,035
9,507

Accruals and deferred income
3,850
1,500

39,722
108,697



8.


Loans


2024
2023
£
£

Amounts falling due within one year

Other loans
20,000
85,289


20,000
85,289




20,000
85,289



9.


Pension commitments

The Company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,875 (2023 - £3,126). Contributions totalling £827 (2023 - (£4,758) were receivable to the fund at the balance sheet date and are included in creditors.

Page 8

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

10.


Related party transactions

At the year end date included within other creditors is a loan of £2,000 (2023: £2,000) to Morag Ekanger, a director of Bad Brownie. At the year end, within other creditors is a loan of £2,000 (2023: £2,000) to Paran Sarmah, a director of Bad Brownie.

 
Page 9