ACCOUNTS - Final Accounts

Registered number: 09265889 (England and Wales)

BARKING DOG VENTURES LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


BARKING DOG VENTURES LIMITED

COMPANY INFORMATION

Directors	H M Buser
	C F Wickers


Company secretary	M A Weiland


Registered number	09265889


Registered office	5 New Street Square
	London
	United Kingdom
	EC4A 3TW


Independent auditors	ZEDRA Corporate Reporting Services (UK) Limited


BARKING DOG VENTURES LIMITED

CONTENTS

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 - 6


BARKING DOG VENTURES LIMITED REGISTERED NUMBER:09265889

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		866,257		688,183
			866,257		688,183
Current assets
Debtors: amounts falling due within one year	5	8,578,448		8,090,761
Cash at bank and in hand		7,503		19,168
		8,585,951		8,109,929
Creditors: amounts falling due within one year	6	(10,267)		(1,976)
Net current assets			8,575,684		8,107,953
Total assets less current liabilities			9,441,941		8,796,136

Net assets			9,441,941		8,796,136

Capital and reserves
Called up share capital		66,943	66,943
Share premium account	7	383,999	383,999
Capital contribution reserve	7	3,171,513	2,993,439
Other reserves	7	7,608	7,608
Profit and loss account	7	5,811,878	5,344,147
		9,441,941	8,796,136

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 comprehensive income 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:

H M Buser

Director

Date: 26 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 1

		BARKING DOG VENTURES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Share premium account	Capital contribution reserve	Other reserves	Profit and loss account	Total equity
	£	£	£	£	£	£
At 1 January 2023	66,943	383,999	3,170,881	7,608	4,889,096	8,518,527

Profit for the year	-	-	-	-	455,051	455,051
Recharge to ultimate parent undertaking - share based payments	-	-	(1,071,947)	-	-	(1,071,947)
Share based payments	-	-	894,505	-	-	894,505

At 1 January 2024	66,943	383,999	2,993,439	7,608	5,344,147	8,796,136

Profit for the year	-	-	-	-	467,731	467,731
Recharge from ultimate parent undertaking - share based payments	-	-	175,294	-	-	175,294
Share based payments	-	-	2,780	-	-	2,780
At 31 December 2024	66,943	383,999	3,171,513	7,608	5,811,878	9,441,941

Page 2


BARKING DOG VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

1.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

1.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

1.3

Going concern

The Company is in a net asset position at the balance sheet date. The Company acts as a strategic holding company for subsidiaries in the UK and Europe and therefore does not have significant cash requirements. Any required support is provided by the parent company, Rover Group, Inc. who have indicated their continued support of the Company for a period of at least 12 months from the date of approval of these financial statements. Therefore, the directors continue to prepare the financial statements on the going concern basis.

1.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

1.5

Interest income

Interest income is recognised in profit or loss on an accruals basis. Interest is calculated and paid at a fixed rate per annum.

Page 3


BARKING DOG VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

1.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

1.7

Debtors

Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, either repayable in full together with accrued interest or immediately on demand. Interest is being charged at an annual interest rate of 6%.

1.8

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.

1.9

Creditors

Short term creditors are measured at the transaction price.

2.	Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities are addressed below.
Impairment of investments
The directors review fixed asset investments annually for any indication of impairment based on available financial and performance information in relation to the investments in subsidiaries. As no indicators of impairment were identified, it was considered appropriate not to adjust the value of these investments.

3.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 29 September 2025 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

Page 4


BARKING DOG VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	688,183
	Share based payment	2,780
	RSU recharge	175,294
	At 31 December 2024	866,257

Employees of the subsidiaries held by the Company are granted Restricted Stock Units ('RSUs') and share options in the ultimate parent company. As such, the share based payment figure relates to the pushdown of the expense from the ultimate parent company to the relevant subsidiaries, through the Company.
There is an RSU recharge agreement in place between the ultimate parent company and its subsidiaries. The recharge value is attached to the current market value of the ultimate parent company's share price.

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	8,578,448	8,090,761
	8,578,448	8,090,761

Amounts owed by group undertakings relates to amounts loaned by the Company to the subsidiary, Dog Buddy UK Ltd. The loan is unsecured and repayable on demand or in full with interest at the end of the ten year term in 2028. Interest is being charged at an annual interest rate of 6%.

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Accruals and deferred income	10,267	1,976
	10,267	1,976

Page 5


BARKING DOG VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves

Share premium account

The share premium reserve represents the amount received by the Company over and above the nominal value of shares issued, amounting to £383,999 as at the year-end.

Capital contribution reserve

During 2024, the Company recorded additional capital contributions of £2,780 (2023: £894,505) relating to the pushdown of share based payments expense from the immediate parent company to employees of the subsidiary undertakings of the Company. The Company also recorded additional capital contributions of £175,294 (2023: (£1,071,947)) relating to the pushdown of an RSU recharge, which is valued based on the current market rate value of the ultimate parent company's share price.

Other reserves

Other reserves represent credits to equity arising from the legacy equity-settled compensation plan that was operated by the Company for the employees of its subsidiary undertakings and discontinued on 31 October 2018.

Profit and loss account

The profit and loss account represents accumulated profits.

8.	Controlling party

Biscuit Holdco, LLC is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 1209 Orange Street, Corporation Trust Center, in the City of Wilmington, County of New Castle, Delaware, 19801, USA.

9.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting year and the date these financial statements were approved.

Page 6