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REGISTERED NUMBER: 08326842 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MOUSEHOUSE GIFTS LTD

MOUSEHOUSE GIFTS LTD (REGISTERED NUMBER: 08326842)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOUSEHOUSE GIFTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: N E Perkin
D Perkin





REGISTERED OFFICE: Unit B
(Marshalls of Evesham Transport Site)
Pershore Airfield, Long Lane
Throckmorton, Pershore
Worcestershire
WR10 2JH





REGISTERED NUMBER: 08326842 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

MOUSEHOUSE GIFTS LTD (REGISTERED NUMBER: 08326842)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 681,669 601,627
Debtors 5 133,383 8,594
Cash at bank 219,365 355,096
1,034,417 965,317
CREDITORS
Amounts falling due within one year 6 950,719 845,796
NET CURRENT ASSETS 83,698 119,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,698

119,521

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 83,696 119,519
83,698 119,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




D Perkin - Director



N E Perkin - Director


MOUSEHOUSE GIFTS LTD (REGISTERED NUMBER: 08326842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Mousehouse Gifts Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised upon completion of a sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

MOUSEHOUSE GIFTS LTD (REGISTERED NUMBER: 08326842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 1,668
DEPRECIATION
At 1 February 2023
and 31 January 2024 1,668
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74 -
Other debtors 1,860 4,125
Prepayments and accrued income 131,449 4,469
133,383 8,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,783 -
Trade creditors 8 11,390
VAT 11,371 431
Other creditors 930,257 830,940
Accruals and deferred income 3,300 3,035
950,719 845,796

7. SECURED DEBTS

Barclays bank PLC have fixed and floating charges over all of the property or undertakings of the company.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end there was no balance due or owed from the directors (2023: £nil) and there were no transactions with the directors during the year.

MOUSEHOUSE GIFTS LTD (REGISTERED NUMBER: 08326842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. ULTIMATE PARENT COMPANY

On 26th October 2017, the shares in the company were acquired by Regency Hampers Limited such that Mousehouse Gifts Limited is a fully owned subsidiary of the company.

Regency Hampers Ltd - 04246038
Registered office- Unit B, (Marshalls Of Evesham Transport Site) Pershore Airfield, Long Lane, Throckmorton, Pershore, Worcestershire, England, WR10 2JH

10. CHANGE IN REPORTING PERIOD

In the previous years accounts, the reporting period of the company was changed to align the year-ends of group companies following an acquisition after taking into consideration the best period of accounts across the group.

As a result, the current reporting period is longer than the previous period.

This change has been made in accordance with the requirements of FRS 102 section 1A.

The comparative amounts presented in the financial statements are not entirely comparable due to the change in reporting period