Jealous Sweets Limited (formerly Grosvenor Castle Limited) Filleted Accounts Cover
Jealous Sweets Limited (formerly Grosvenor Castle Limited)
Company No. 07379225
Information for Filing with The Registrar
31 December 2023
Jealous Sweets Limited (formerly Grosvenor Castle Limited) Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was trading as a confectionary business.
Change of name
The company name changed from Grosvenor Castle Limited to Jealous Sweets Limited on 21st June 2023.
Directors
The Directors who served at any time during the year were as follows:
S. Ahuja
T. Basunia
T. Basunia
I. Merza
N. Saperia
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
T. Basunia
Director
24 September 2024
Jealous Sweets Limited (formerly Grosvenor Castle Limited) Balance Sheet Registrar
at
31 December 2023
Company No.
07379225
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
38,47412,074
Tangible assets
5
1,8991,852
40,37313,926
Current assets
Stocks
6
228,590134,642
Debtors
7
75,91890,159
Cash at bank and in hand
11,29528,353
315,803253,154
Creditors: Amount falling due within one year
8
(195,554)
(318,669)
Net current assets/(liabilities)
120,249
(65,515)
Total assets less current liabilities
160,622
(51,589)
Creditors: Amounts falling due after more than one year
9
(37,634)
(178,260)
Net assets/(liabilities)
122,988
(229,849)
Capital and reserves
Called up share capital
638417
Share premium account
11
894,899399,847
Profit and loss account
11
(772,549)
(630,113)
Total equity
122,988
(229,849)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 September 2024 and signed on its behalf by:
T. Basunia
Director
24 September 2024
Jealous Sweets Limited (formerly Grosvenor Castle Limited) Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Jealous Sweets Limited (formerly Grosvenor Castle Limited) is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07379225
Its registered office is:
82 St John Street
London
EC1M 4JN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Furniture, fittings and equipment
25% Reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
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.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
32
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 January 2023
12,07412,074
Additions
30,35330,353
At 31 December 2023
42,42742,427
Amortisation and impairment
Charge for the year
3,9533,953
At 31 December 2023
3,9533,953
Net book values
At 31 December 2023
38,47438,474
At 31 December 2022
12,07412,074
The addition amount relates to branding and is being amortised at 20% straight line.
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2023
8,3272,00010,327
At 31 December 2023
8,3272,00010,327
Depreciation
At 1 January 2023
6,5331,9428,475
Charge for the year
61915634
Disposals
(681)
-
(681)
At 31 December 2023
6,4711,9578,428
Net book values
At 31 December 2023
1,856431,899
At 31 December 2022
1,794
58
1,852
6
Stocks
2023
2022
£
£
Finished goods
228,590134,642
228,590134,642
7
Debtors
2023
2022
£
£
Trade debtors
55,29064,637
Other debtors
18,31817,404
Prepayments and accrued income
2,3108,118
75,91890,159
8
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
80,73083,882
Trade creditors
41,204181,610
Taxes and social security
38,517
29,740
Other creditors
8,3855,224
Accruals and deferred income
26,71818,213
195,554318,669
9
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
37,50062,500
Other creditors
134115,760
37,634178,260
10
Share Capital
Share Capital of £638 is allocated as:
55,423 A Ordinary shares allotted and fully paid £554
4184 B Growth Shares allotted £42
4182 C Growth Shares allotted £42
11
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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