Fuzzy Frog Limited - Accounts to registrar

REGISTERED NUMBER: 07594709 (England and Wales)

FUZZY FROG LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

Chartered Accountants' Report

8

DIRECTORS:

R J Flower

Mrs J L Flower

SECRETARY:

Mrs J L Flower

REGISTERED OFFICE:

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

BUSINESS ADDRESS:

Broadway Business Centre

32a Stoney Street

The Lace Market

Nottinghamshire

NG1 1LL

REGISTERED NUMBER:

07594709 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

FIXED ASSETS

Tangible assets

4

27,667

42,356

Investments

5

20,000

-

47,667

42,356

CURRENT ASSETS

Debtors

6

107,211

97,604

Cash at bank

248,576

258,873

355,787

356,477

CREDITORS

Amounts falling due within one year

7

46,062

78,235

NET CURRENT ASSETS

309,725

278,242

TOTAL ASSETS LESS CURRENT LIABILITIES

357,392

320,598

PROVISIONS FOR LIABILITIES

5,256

8,471

NET ASSETS

352,136

312,127

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

351,136

311,127

SHAREHOLDERS' FUNDS

352,136

312,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 August 2017 and were signed on its behalf
by:

R J Flower - Director

1.	STATUTORY INFORMATION

Fuzzy Frog Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Fixed assets investments

Fixed asset investments are valued at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2016 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

Totals

£

COST

At 1 April 2016

8,298

125,103

133,401

Additions

792

17,827

18,619

Disposals

(2,080

)

(17,153

)

(19,233

)

At 31 March 2017

7,010

125,777

132,787

DEPRECIATION

At 1 April 2016

3,600

87,445

91,045

Charge for year

1,505

30,405

31,910

Eliminated on disposal

(1,346

)

(16,489

)

(17,835

)

At 31 March 2017

3,759

101,361

105,120

NET BOOK VALUE

At 31 March 2017

3,251

24,416

27,667

At 31 March 2016

4,698

37,658

42,356

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2016

12,202

Additions

20,000

At 31 March 2017

32,202

PROVISIONS

At 1 April 2016

and 31 March 2017

12,202

NET BOOK VALUE

At 31 March 2017

20,000

At 31 March 2016

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

99,421

96,042

Tax

-

937

Prepayments

7,790

625

107,211

97,604

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

5,700

1,398

Taxation

11,432

11,660

Other taxes and social security

22,612

18,416

Other creditors

863

603

Directors' loan accounts

520

43,043

Accrued expenses

4,935

3,115

46,062

78,235

8.	OTHER FINANCIAL COMMITMENTS

The company has the following commitments due as follows:

2017

2016

£

Due in less than one year

67,729

50,400

Due between two and five years

8,901

4,032

76,630

54,432

9.	RELATED PARTY DISCLOSURES

Remuneration paid to directors during the year was £28,760 (2016: £21,200).

The balance outstanding on the directors current accounts at the year end was £520 (2016: -£43,043). These
loans are interest free and repayable on demand.

10.	POST BALANCE SHEET EVENTS

On 12 April 2017 the company became a subsidiary of Hugo Games A/S after acquiring 50.9% of share capital.

The parent company is a company registered in Denmark and it is listed on the Norwegian stock exchange,

Oslo Axess.

11.	FIRST YEAR ADOPTION

There were no necessary adjustments on transition to FRS 102.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Fuzzy Frog Limited for the year ended 31 March 2017 which comprise the Income Statement,

Statement of Financial Position, and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fuzzy Frog Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fuzzy Frog Limited and state those matters that we have agreed to state to the Board of Directors of Fuzzy Frog Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fuzzy Frog Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fuzzy Frog Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fuzzy Frog Limited. You consider that Fuzzy Frog Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fuzzy Frog Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

29 August 2017