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Company No: 15452089 (England and Wales)

# BUG CREATIVE LIMITED

### Unaudited Financial Statements
For the financial period from 30 January 2024 to 31 March 2025
Pages for filing with the registrar

BUG CREATIVE LIMITED

## Unaudited Financial Statements

For the financial period from 30 January 2024 to 31 March 2025

Contents

BUG CREATIVE LIMITED

## BALANCE SHEET

As at 31 March 2025
BUG CREATIVE LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 31.03.2025
|  | £
Fixed assets |  |
Tangible assets | 3 | 685,719
Investment property | 4 | 770,500
|  | 1,456,219
Current assets |  |
Debtors | 5 | 847
Cash at bank and in hand |  | 4,009
|  | 4,856
Creditors: amounts falling due within one year | 6 | ( 7,822)
Net current liabilities |  | (2,966)
Total assets less current liabilities |  | 1,453,253
Creditors: amounts falling due after more than one year | 7 | ( 1,481,061)
Net liabilities |  | ( 27,808)
Capital and reserves |  |
Called-up share capital | 8 | 200
Profit and loss account |  | ( 28,008 )
Total shareholder's deficit |  | ( 27,808)

For the financial period 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 member has not required the Company to obtain an audit of its financial statements for the financial period 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 BUG Creative Limited (registered number: 15452089) were approved and authorised for issue by the Director on 21 January 2026. They were signed on its behalf by:

Mr P A Hyde Director |

BUG CREATIVE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 30 January 2024 to 31 March 2025
BUG CREATIVE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 30 January 2024 to 31 March 2025

##### 1. Accounting policies

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

##### General information and basis of accounting

BUG Creative 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 First Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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 reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 20 % reducing balance

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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

#### 2. Employees

| Period from 30.01.2024 to 31.03.2025
| Number
Monthly average number of persons employed by the Company during the period, including the director | 1

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 30 January 2024 | 0 |  | 0 |  | 0
Additions | 668,300 |  | 29,000 |  | 697,300
At 31 March 2025 | 668,300 |  | 29,000 |  | 697,300
Accumulated depreciation |  |  |  |  |
At 30 January 2024 | 0 |  | 0 |  | 0
Charge for the financial period | 4,814 |  | 6,767 |  | 11,581
At 31 March 2025 | 4,814 |  | 6,767 |  | 11,581
Net book value |  |  |  |  |
At 31 March 2025 | 663,486 |  | 22,233 |  | 685,719

#### 4. Investment property

| Investment property
| £
Valuation |
As at 30 January 2024 | 0
Additions | 770,500
As at 31 March 2025 | 770,500

The investment property was valued on 31 March 2025 by the director. The basis of the valuation was that in the director's opinion the value had not changed since the property was purchased (February 2024).

#### 5. Debtors

| 31.03.2025
| £
Other debtors | 847

#### 6. Creditors: amounts falling due within one year

| 31.03.2025
| £
Trade creditors | 810
Other creditors | 7,012
| 7,822

#### 7. Creditors: amounts falling due after more than one year

| 31.03.2025
| £
Other creditors | 1,481,061

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 31.03.2025
| £
Allotted, called-up and fully-paid |
100 A ordinary shares of £ 1.00 each | 100
100 B ordinary shares of £ 1.00 each | 100
| 200

#### 9. Related party transactions

Other related party transactions
During the year, a loan account existed between the company and another company in which the director is a director and shareholder. The loan is interest free and repayable when the company is in a suitable financial position. At the year end £1,481,061 (2024 - £nil) was owed by the company and is shown in other creditors.