ACCOUNTS - Final Accounts

Registered number: 15555439

BUDY GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

BUDY GROUP LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 6

BUDY GROUP LIMITED

REGISTERED NUMBER: 15555439

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£

Fixed assets
Intangible assets	4		18,883
			18,883
Current assets
Debtors: amounts falling due within one year	5	200
Cash at bank and in hand	6	132,374
		132,574
Creditors: amounts falling due within one year	7	(185,828)
Net current (liabilities)/assets			(53,254)
Total assets less current liabilities			(34,371)

Net (liabilities)/assets			(34,371)

Capital and reserves
Called up share capital	9	100
Profit and loss account		(34,471)
		(34,371)

Page 1

BUDY GROUP LIMITED

REGISTERED NUMBER: 15555439

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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:

L M Apel

Director

Date: 9 December 2025

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

Page 2

BUDY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Budy Group Limited is a private company, limited by shares, incorporated in England and Wales with registration number 15555439. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of the director and controlling party; who has provided confirmation of intent to provide such financial support as is necessary for the company to continue in operation for the foreseeable future and at least 12 months from the date of signing of the financial statements.

2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.4

Interest income

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

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 period in which they are incurred.

Page 3

BUDY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Development expenditure	-	6	years
Logo	-	10	years
Trademarks	-	10	years

Development, employee and other costs relating to the software application have been capitalised as intangible assets. As the application is currently in development and testing, no amortisation has been charged. Amortisation of capitalised intangible costs will commence once the application is available for use and is generating probable future economic benefits.

2.8

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.

2.9

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.

2.10

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.

Employees

The average monthly number of employees, including directors, during the period was 3.

Page 4

BUDY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	Intangible assets

	Development expenditure	Trademarks	Logo	Total
	£	£	£	£
Cost
Additions	12,246	2,851	3,786	18,883
At 31 March 2025	12,246	2,851	3,786	18,883

Net book value
At 31 March 2025	12,246	2,851	3,786	18,883

Debtors

					2025
					£


	Prepayments and accrued income	200
		200

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	132,374
		132,374

Page 5

BUDY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	3,795
	Accruals and deferred income	9,500
	Other taxation and social security	586
	Other creditors	21,951
	Other loans	149,996
		185,828

Included within other creditors, is an amount of £21,951 due to the director. The amount is unsecured, interest free and repayble on demand.
Included within other loans, is a loan amount of £149,996. The loan is unsecured, repayable on demand and accrues interest at the rate of 2% per annum.

8.	Financial instruments
		2025
		£

	Financial assets
	Financial assets measured at fair value through profit or loss	132,374

Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.

9.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary Share shares of £1 each	100

At incorporation, the company issued 100 Ordinary shares at a nominal value per share of £1.

Page 6