Silverfin false false 30/09/2023 01/10/2022 30/09/2023 M Collier 15/09/2017 J Kohn M Kohn 25/07/2017 O Kohn 25/07/2017 01 February 2024 The principal activity of the Company during the financial year was that of a holding company. 10881904 2023-09-30 10881904 bus:Director1 2023-09-30 10881904 bus:Director3 2023-09-30 10881904 bus:Director4 2023-09-30 10881904 2022-09-30 10881904 core:CurrentFinancialInstruments 2023-09-30 10881904 core:CurrentFinancialInstruments 2022-09-30 10881904 core:ShareCapital 2023-09-30 10881904 core:ShareCapital 2022-09-30 10881904 core:RetainedEarningsAccumulatedLosses 2023-09-30 10881904 core:RetainedEarningsAccumulatedLosses 2022-09-30 10881904 core:PatentsTrademarksLicencesConcessionsSimilar 2022-09-30 10881904 core:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 10881904 core:PlantMachinery 2022-09-30 10881904 core:OfficeEquipment 2022-09-30 10881904 core:PlantMachinery 2023-09-30 10881904 core:OfficeEquipment 2023-09-30 10881904 core:CostValuation 2022-09-30 10881904 core:CostValuation 2023-09-30 10881904 bus:OrdinaryShareClass1 2023-09-30 10881904 bus:OrdinaryShareClass2 2023-09-30 10881904 bus:OrdinaryShareClass3 2023-09-30 10881904 bus:OrdinaryShareClass4 2023-09-30 10881904 bus:OrdinaryShareClass5 2023-09-30 10881904 core:WithinOneYear 2023-09-30 10881904 core:WithinOneYear 2022-09-30 10881904 core:BetweenOneFiveYears 2023-09-30 10881904 core:BetweenOneFiveYears 2022-09-30 10881904 2022-10-01 2023-09-30 10881904 bus:FilletedAccounts 2022-10-01 2023-09-30 10881904 bus:SmallEntities 2022-10-01 2023-09-30 10881904 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 10881904 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10881904 bus:Director1 2022-10-01 2023-09-30 10881904 bus:Director2 2022-10-01 2023-09-30 10881904 bus:Director3 2022-10-01 2023-09-30 10881904 bus:Director4 2022-10-01 2023-09-30 10881904 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2022-10-01 2023-09-30 10881904 core:PatentsTrademarksLicencesConcessionsSimilar 2022-10-01 2023-09-30 10881904 core:PlantMachinery core:TopRangeValue 2022-10-01 2023-09-30 10881904 core:OfficeEquipment core:TopRangeValue 2022-10-01 2023-09-30 10881904 2021-10-01 2022-09-30 10881904 core:PlantMachinery 2022-10-01 2023-09-30 10881904 core:OfficeEquipment 2022-10-01 2023-09-30 10881904 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 10881904 bus:OrdinaryShareClass1 2021-10-01 2022-09-30 10881904 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 10881904 bus:OrdinaryShareClass2 2021-10-01 2022-09-30 10881904 bus:OrdinaryShareClass3 2022-10-01 2023-09-30 10881904 bus:OrdinaryShareClass3 2021-10-01 2022-09-30 10881904 bus:OrdinaryShareClass4 2022-10-01 2023-09-30 10881904 bus:OrdinaryShareClass4 2021-10-01 2022-09-30 10881904 bus:OrdinaryShareClass5 2022-10-01 2023-09-30 10881904 bus:OrdinaryShareClass5 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10881904 (England and Wales)

THE JOLLY HOG GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

THE JOLLY HOG GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

THE JOLLY HOG GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2023
THE JOLLY HOG GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 5,739 6,567
Tangible assets 4 19,988 20,137
Investments 5 1,027,607 1,027,607
1,053,334 1,054,311
Current assets
Debtors 6 690,492 663,630
Cash at bank and in hand 47,441 5,970
737,933 669,600
Creditors: amounts falling due within one year 7 ( 268,305) ( 229,044)
Net current assets 469,628 440,556
Total assets less current liabilities 1,522,962 1,494,867
Provision for liabilities ( 68) ( 3,152)
Net assets 1,522,894 1,491,715
Capital and reserves
Called-up share capital 8 1,330,003 1,330,003
Profit and loss account 192,891 161,712
Total shareholders' funds 1,522,894 1,491,715

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Jolly Hog Group Limited (registered number: 10881904) were approved and authorised for issue by the Director on 01 February 2024. They were signed on its behalf by:

M Kohn
Director
THE JOLLY HOG GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
THE JOLLY HOG GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
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

The Jolly Hog Group 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 The Jolly Hog, Hog Hq Museum Street, Wapping Wharf, Bristol, BS1 6ZA, England, 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 directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, 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:

Trademarks, patents and licences 10 years straight line
Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Office equipment 5 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 17 18

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 October 2022 8,299 8,299
At 30 September 2023 8,299 8,299
Accumulated amortisation
At 01 October 2022 1,732 1,732
Charge for the financial year 828 828
At 30 September 2023 2,560 2,560
Net book value
At 30 September 2023 5,739 5,739
At 30 September 2022 6,567 6,567

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 October 2022 2,395 34,201 36,596
Additions 0 13,081 13,081
At 30 September 2023 2,395 47,282 49,677
Accumulated depreciation
At 01 October 2022 1,488 14,971 16,459
Charge for the financial year 798 12,432 13,230
At 30 September 2023 2,286 27,403 29,689
Net book value
At 30 September 2023 109 19,879 19,988
At 30 September 2022 907 19,230 20,137

5. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 October 2022 1,027,607
At 30 September 2023 1,027,607
Carrying value at 30 September 2023 1,027,607
Carrying value at 30 September 2022 1,027,607

6. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 647,848 623,040
Prepayments 22,341 20,590
Other debtors 20,303 20,000
690,492 663,630

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 21,684 21,839
Amounts owed to Group undertakings 67,424 60,494
Accruals 23,561 59,632
Other taxation and social security 152,338 84,775
Other creditors 3,298 2,304
268,305 229,044

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
997,500 Ordinary shares of £ 1.00 each 997,500 997,500
1 Ordinary B share of £ 1.00 1 1
1 Ordinary C share of £ 1.00 1 1
1 Ordinary D share of £ 1.00 1 1
332,500 Ordinary E shares of £ 1.00 each 332,500 332,500
1,330,003 1,330,003

There was a reclass of 332,500 shares from Ordinary to Ordinary E in 2022.

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 73,995 73,578
between one and five years 127,030 201,025
201,025 274,603

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2023 2022
£ £
Unpaid contributions due to the fund (inc. in other creditors) 3,169 2,403

10. Related party transactions

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.