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	2023		2022
		£		£
Fixed assets
Intangible assets	3	55,165		14,537
Tangible assets	4	213,296		198,267
		268,461		212,804
Current assets
Stocks		180,128		123,611
Debtors	5	1,254,061		1,014,500
Cash at bank and in hand		364,258		165,447
		1,798,447		1,303,558
Creditors: amounts falling due within one year	6	( 9,042,729)		( 6,607,123)
Net current liabilities		(7,244,282)		(5,303,565)
Total assets less current liabilities		(6,975,821)		(5,090,761)
Net liabilities		( 6,975,821)		( 5,090,761)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 6,975,822 )		( 5,090,762 )
Total shareholders' deficit		( 6,975,821)		( 5,090,761)

For the financial year ending 31 March 2023 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 18 December 2023. 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

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	26		21

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2022	141,257		141,257
Additions	70,337		70,337
At 31 March 2023	211,594		211,594
Accumulated amortisation
At 01 April 2022	126,720		126,720
Charge for the financial year	29,709		29,709
At 31 March 2023	156,429		156,429
Net book value
At 31 March 2023	55,165		55,165
At 31 March 2022	14,537		14,537

4. Tangible assets

	Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 April 2022	24,346		384,430		163,203		571,979
Additions	0		46,751		40,001		86,752
At 31 March 2023	24,346		431,181		203,204		658,731
Accumulated depreciation
At 01 April 2022	15,562		316,641		41,509		373,712
Charge for the financial year	4,869		47,520		19,334		71,723
At 31 March 2023	20,431		364,161		60,843		445,435
Net book value
At 31 March 2023	3,915		67,020		142,361		213,296
At 31 March 2022	8,784		67,789		121,694		198,267

5. Debtors

	2023		2022
	£		£
Trade debtors	148,597		790
Amounts owed by Group undertakings	792,238		652,278
Other debtors	313,226		361,432
	1,254,061		1,014,500

6. Creditors: amounts falling due within one year

	2023		2022
	£		£
Trade creditors	892,405		465,134
Amounts owed to Group undertakings	338,871		351,150
Other taxation and social security	30,287		0
Other creditors	7,781,166		5,790,839
	9,042,729		6,607,123

7. Financial commitments

Other financial commitments

	2023		2022
	£		£
Not later than one year	32,000		32,000
Later than one year and not later than five years	128,000		128,000
Later than five years	32,000		64,000
	192,000		224,000

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