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	2022		2021
		£		£
Fixed assets
Intangible assets	3	14,537		56,652
Tangible assets	4	198,267		277,800
		212,804		334,452
Current assets
Stocks		123,611		1,134,396
Debtors	5	1,014,500		1,054,368
Cash at bank and in hand		165,447		67,495
		1,303,558		2,256,259
Creditors
Amounts falling due within one year	6	( 6,607,123)		( 6,070,317)
Net current liabilities		(5,303,565)		(3,814,058)
Total assets less current liabilities		(5,090,761)		(3,479,606)
Net liabilities		( 5,090,761)		( 3,479,606)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 5,090,762 )		( 3,479,607 )
Total shareholders' deficit		( 5,090,761)		( 3,479,606)

For the financial year ending 31 March 2022 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 23 December 2022. 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 working capital in the short term and 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 accounts. Therefore the accounts have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of building and construction services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the outcome of a contract can be measured reliably with reference to the stage of completion at the balance sheet date. In the absence of a reliable measurement of contract revenue and where recoverability is probable, revenue is recognised to the extent that contract costs have been incurred.

Intangible assets

Intangible assets are stated at cost, 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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, 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.

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.

Stocks

The costs included within work in progress comprise of direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Government grants

Government grants are recognised under the performance model, and comprises the fair value of the consideration received or receivable.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	21		18

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2021	141,257		141,257
At 31 March 2022	141,257		141,257
Accumulated amortisation
At 01 April 2021	84,605		84,605
Charge for the financial year	42,115		42,115
At 31 March 2022	126,720		126,720
Net book value
At 31 March 2022	14,537		14,537
At 31 March 2021	56,652		56,652

4. Tangible assets

	Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 April 2021	24,346		353,806		159,164		537,316
Additions	0		30,624		4,039		34,663
At 31 March 2022	24,346		384,430		163,203		571,979
Accumulated depreciation
At 01 April 2021	10,693		223,878		24,945		259,516
Charge for the financial year	4,869		92,763		16,564		114,196
At 31 March 2022	15,562		316,641		41,509		373,712
Net book value
At 31 March 2022	8,784		67,789		121,694		198,267
At 31 March 2021	13,653		129,928		134,219		277,800

5. Debtors

	2022		2021
	£		£
Trade debtors	790		0
Amounts owed by Group undertakings	652,278		806,538
Other debtors	361,432		247,830
	1,014,500		1,054,368

6. Creditors: amounts falling due within one year

	2022		2021
	£		£
Trade creditors	465,134		649,570
Amounts owed to Group undertakings	351,150		1,360,885
Other taxation and social security	0		120,549
Other creditors	5,790,839		3,939,313
	6,607,123		6,070,317

7. Financial commitments

Other financial commitments

	2022		2021
	£		£
Not later than one year	32,000		32,476
Later than one year and not later than five years	128,000		128,000
Later than five years	64,000		96,000
	224,000		256,476

The above amounts comprise the total of future minimum lease payments under leases and hire purchase contracts.