Jump at the Chance Limited 11732524 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the raising of horses and other equines. Digita Accounts Production Advanced 6.30.9574.0 true true 11732524 2023-01-01 2023-12-31 11732524 2023-12-31 11732524 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11732524 bus:SmallEntities 2023-01-01 2023-12-31 11732524 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11732524 bus:FilletedAccounts 2023-01-01 2023-12-31 11732524 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11732524 bus:RegisteredOffice 2023-01-01 2023-12-31 11732524 bus:Director1 2023-01-01 2023-12-31 11732524 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11732524 countries:EnglandWales 2023-01-01 2023-12-31 11732524 2022-01-01 2022-12-31 11732524 2022-12-31 11732524 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 11732524

Jump at the Chance Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Jump at the Chance Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Jump at the Chance Limited

(Registration number: 11732524)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

100,942

100,942

Cash at bank and in hand

 

894

1,693

 

101,836

102,635

Creditors: Amounts falling due within one year

6

(117,401)

(117,301)

Net liabilities

 

(15,565)

(14,666)

Capital and reserves

 

Called up share capital

6

6

Retained earnings

(15,571)

(14,672)

Shareholders' deficit

 

(15,565)

(14,666)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 August 2024 and signed on its behalf by:
 

.........................................
S O'Brien
Director

 

Jump at the Chance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Howe
Howe Road
Watlington
Oxfordshire
OX49 5EX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors believe the company has adequate resources to continue in operational existence such that they consider the continued use of the going concern basis to be appropriate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Bloodstock

Bloodstock is stated at the lower of purchase cost and market value less costs to sell.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Stocks

2023
£

2022
£

Bloodstock for resale

100,942

100,942

 

Jump at the Chance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Debtors

Current

2023
£

2022
£

 

-

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

251

251

Other creditors

117,150

117,050

117,401

117,301

7

Related party transactions

Other transactions with directors

G Austin, L Hughes and S O'Brien (directors) had loan accounts with the company. At the balance sheet date the amount due collectively to G Austin, L Hughes and S O'Brien was £58,200, being £19,400 owed to each director individually (2022: £58,200).