The limit does not exist. You can derive multiple limiting values that depend on what path you choose to $(0,0)$. eg. if you choose to follow the path $y=kx$ then you get $(1+k^4)/(1+k^3)$.
Edit: Sorry, right idea, wrong execution (an x got lost somewhere).
Sami's got the same idea: if we head to the origin along $y = -x(1+kx^n)$ we get
$$\lim_{x\to 0} \dfrac{(x^4 + x^4 (1 + kx^n)^4)}{(x^3 - x^3(1 + kx^n)^3)}$$
$$=\lim_{x\to 0} \dfrac{2x^4 + o(x^4)}{-3kx^{n+3} + o(x^{n+3})}$$
$$=\lim_{x\to 0} (-2x^{1-n}/3k)$$
which is $0$ for $n<1$, any positive value we choose for $n=1$, and diverges off to $\infty$ for n>1.