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REGISTERED NUMBER: 11531992 (England and Wales)







Financial Statements for the Year Ended 31 December 2023

for

Jumpin Surrey Limited

Jumpin Surrey Limited (Registered number: 11531992)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jumpin Surrey Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T I McClure
D E Melhus
P I Haagaas



REGISTERED OFFICE: 5 Patchway Trading Estate Britannia Road
Patchway
Bristol
BS34 5TA



REGISTERED NUMBER: 11531992 (England and Wales)



SENIOR STATUTORY AUDITOR: Matthew Dobbins FCA



AUDITORS: Dunkley's
Statutory Auditor
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Jumpin Surrey Limited (Registered number: 11531992)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,497 16,695
Tangible assets 5 405,469 537,976
415,966 554,671

CURRENT ASSETS
Stocks 12,329 17,572
Debtors 6 528,261 84,436
Cash at bank 80,646 143,118
621,236 245,126
CREDITORS
Amounts falling due within one year 7 (280,653 ) (360,822 )
NET CURRENT ASSETS/(LIABILITIES) 340,583 (115,696 )
TOTAL ASSETS LESS CURRENT LIABILITIES 756,549 438,975

PROVISIONS FOR LIABILITIES (72,435 ) (59,721 )
NET ASSETS 684,114 379,254

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 684,113 379,253
SHAREHOLDERS' FUNDS 684,114 379,254

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 17 September 2024 and were signed on its behalf by:





T I McClure - Director


Jumpin Surrey Limited (Registered number: 11531992)

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

1. STATUTORY INFORMATION

Jumpin Surrey 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
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies ( see note 3).

The following principal accounting policies have been applied:

Judgement applying to accounting policy
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities within the statement of financial position and the amounts reported for Turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Estimates and judgements are continually evaluated nd are based on historical experience nd other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The following Judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

(i) Useful economic lives of tangible fixed assets

The annul depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilization and the physical condition of the assets.

(ii) Provisions

A provision is made for dilapidations. These provisions require management's best estimate of the costs that will be incurred based on legislative and contractual requirements. In addition, the timing of the cash flows and discount rates used to establish net present value of the obligations require management's judgement

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is Measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Turnover is attributable to trampoline activities, sale of socks and cafe sales.

Revenue for advance bookings is deferred and recognised on customer arrival or in the case of cancelled bookings on the date of cancellation.

Gift cards

Turnover from sales of gift cards are recognised at the earlier of point of redemption or point of expiry.

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of aquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over the remaining life of the lease being 6.75 years.

Intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Jumpin Surrey Limited (Registered number: 11531992)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over remaining period of lease
Plant and machinery - at variable rates on cost
Computer equipment - 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimate selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss

Financial instruments
The company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors and loans to and from related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related companies , are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, nd amounts due to related companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the difference between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Jumpin Surrey Limited (Registered number: 11531992)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss when they fall due. Amounts not paid are shown in other creditors as a liability in the statement of financial position. The assets of the plan are held separately from the company in a independent administered fund.

Going concern
In considering the appropriate basis on which to prepare the financial statements, the directors are required to consider the company can continue in operational existence for the foreseeable future.

The Directors regularly review the Company's cash requirements nd re confident that the Company has sufficient cash and funding facilities, based on reasonable expectations of future trading, to prepare these accounts on a going concern basis.

Finance costs
Finance costs are charged to the profit and loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs

All borrowing costs are recognised in the profit and loss in the year in which they incurred.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Operating leases
Rentals paid under operating leases are charged to the profit and loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 41 ) .

Jumpin Surrey Limited (Registered number: 11531992)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 41,835
AMORTISATION
At 1 January 2023 25,140
Charge for year 6,198
At 31 December 2023 31,338
NET BOOK VALUE
At 31 December 2023 10,497
At 31 December 2022 16,695

5. TANGIBLE FIXED ASSETS
Long Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023 190,675 627,811 2,240 820,726
Additions 2,340 13,995 603 16,938
Disposals - (8,521 ) - (8,521 )
At 31 December 2023 193,015 633,285 2,843 829,143
DEPRECIATION
At 1 January 2023 49,038 233,600 112 282,750
Charge for year 19,244 126,224 569 146,037
Eliminated on disposal - (5,113 ) - (5,113 )
At 31 December 2023 68,282 354,711 681 423,674
NET BOOK VALUE
At 31 December 2023 124,733 278,574 2,162 405,469
At 31 December 2022 141,637 394,211 2,128 537,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 463,449 27,062
Other debtors 3 90
Prepayments 64,809 57,284
528,261 84,436

Jumpin Surrey Limited (Registered number: 11531992)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 36,667
Trade creditors 47,923 63,183
Amounts owed to group undertakings - 81,171
Tax 83,405 -
Social security and other taxes 905 58,609
VAT 47,595 -
Other creditors 8,151 202
Accrued expenses 92,674 120,990
280,653 360,822

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 277,900 277,900
Between one and five years 208,425 1,398,592
In more than five years - 2,458,171
486,325 4,134,663

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)
for and on behalf of Dunkley's

11. PENSION COMMITMENTS

During the year, the company operated a defined contribution pension scheme through an external provider.

Employer contributions to the scheme for the year totalled £2,751 (2022 - £1,533).

Accrued pension contributions outstanding at the balance date totalled £Nil (2022 - £202).

12. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements - 6,000

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Jumpin Surrey Limited (Registered number: 11531992)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

14. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

15. ULTIMATE CONTROLLING PARTY

The parent of the smallest and largest group for which consolidated financial statements are drawn up of which this company is a member is Parc Invest AS, a company registered in Norway.

The registered office of the parent is Holtet 45, 1368 Stabekk, Norway.