Company No: 09943865 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

T A Kent

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

09943865 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	76,187		64,842
Tangible assets	4	135,527		166,097
		211,714		230,939
Current assets
Stocks	5	224,722		96,572
Debtors	6	3,528,441		2,430,450
Cash at bank and in hand		13,457		51,856
		3,766,620		2,578,878
Creditors: amounts falling due within one year	7	( 14,796,480)		( 11,920,883)
Net current liabilities		(11,029,860)		(9,342,005)
Total assets less current liabilities		(10,818,146)		(9,111,066)
Net liabilities		( 10,818,146)		( 9,111,066)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 10,818,147 )		( 9,111,067 )
Total shareholders' deficit		( 10,818,146)		( 9,111,066)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bunnybuild Limited (registered number: 09943865) were approved and authorised for issue by the Director on 12 December 2025. They were signed on its behalf by:

T A Kent Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bunnybuild Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The Company is reliant on funding from entities under common control to provide long-term funding for site acquisitions and short-term funding for working capital. It expects to receive further funding to ensure it may settle its liabilities as they fall due for a period of at least twelve months following approval of these financial statements; consequently, the financial statements have been prepared on a going concern basis.

Turnover

Turnover is recognised to the extent it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.

Taxation

Current tax
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	5 years straight line
Fixtures and fittings	3 years straight line
Other property, plant and equipment	10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Stocks

Property held for development and subsequent sale is classified as stock. This includes land, work in progress, and completed units intended for sale in the ordinary course of business. Property development stock is initially recognised at cost, which includes the purchase price of land, professional fees, direct construction costs and directly attributable overheads incurred in bringing the property to its current condition. Directly attributable overheads are allocated to individual developments on the basis of time spent by management on each site or the number of units per site as a percentage of total units under construction, depending on the nature of the overhead and development activity. Property development stock is subsequently measured at the lower of cost and estimated selling price less costs to complete and sell.

Other stock comprises building materials used in the provision of construction services, which is stated at cost, less provision for impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	30		30

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	246,838		246,838
Additions	47,865		47,865
At 31 March 2025	294,703		294,703
Accumulated amortisation
At 01 April 2024	181,996		181,996
Charge for the financial year	36,520		36,520
At 31 March 2025	218,516		218,516
Net book value
At 31 March 2025	76,187		76,187
At 31 March 2024	64,842		64,842

4. Tangible assets

	Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 April 2024	24,346		443,409		204,854		672,609
Additions	24,554		5,217		0		29,771
Disposals	( 12,065)		0		0		( 12,065)
At 31 March 2025	36,835		448,626		204,854		690,315
Accumulated depreciation
At 01 April 2024	24,135		401,064		81,313		506,512
Charge for the financial year	1,862		26,329		20,488		48,679
Disposals	( 403)		0		0		( 403)
At 31 March 2025	25,594		427,393		101,801		554,788
Net book value
At 31 March 2025	11,241		21,233		103,053		135,527
At 31 March 2024	211		42,345		123,541		166,097

5. Stocks

	2025		2024
	£		£
Work in progress	224,722		96,572

6. Debtors

	2025		2024
	£		£
Trade debtors	449,121		442,559
Amounts owed by group undertakings	2,459,196		1,465,812
Other debtors	620,124		522,079
	3,528,441		2,430,450

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,006,620		986,677
Amounts owed to group undertakings	301,360		301,484
Amounts owed to connected companies	13,464,439		10,590,209
Taxation and social security	10,205		13,523
Other creditors	13,856		28,990
	14,796,480		11,920,883

8. Financial commitments

Other financial commitments

	2025		2024
	£		£
Not later than one year	32,000		32,000
Later than one year and not later than five years	96,000		128,000
Later than five years	0		0
	128,000		160,000

The above amounts comprise the total of future minimum lease payments under operating leases.