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Registration number: 06520283

The Jingle Bell House Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

The Jingle Bell House Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

The Jingle Bell House Limited

Company Information

Directors

Mrs K Paget

Mr L Paget

Company secretary

Mrs K Paget

Registered office

28 East Avenue
Talbot Woods
Bournemouth
Dorset
BH3 7BZ

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

The Jingle Bell House Limited

(Registration number: 06520283)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

75,086

94,754

Current assets

 

Debtors

6

275,349

321,062

Cash at bank and in hand

 

126,819

65,763

 

402,168

386,825

Creditors: Amounts falling due within one year

7

(206,861)

(146,737)

Net current assets

 

195,307

240,088

Total assets less current liabilities

 

270,393

334,842

Creditors: Amounts falling due after more than one year

7

(75,906)

(85,065)

Provisions for liabilities

(6,090)

(16,045)

Net assets

 

188,397

233,732

Capital and reserves

 

Called up share capital

60

60

Share premium reserve

4,000

4,000

Other reserves

105

105

Retained earnings

184,232

229,567

Shareholders' funds

 

188,397

233,732

For the financial year ending 30 April 2024 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 27 January 2025 and signed on its behalf by:
 

.........................................
Mrs K Paget
Company secretary and director

 

The Jingle Bell House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
28 East Avenue
Talbot Woods
Bournemouth
Dorset
BH3 7BZ
England

The principal place of business is:
250 Castle Lane West
Bournemouth
Dorset
BH8 9TT
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.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

The Jingle Bell House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment, fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

The Jingle Bell House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 18).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

90,000

90,000

At 30 April 2024

90,000

90,000

Amortisation

At 1 May 2023

90,000

90,000

At 30 April 2024

90,000

90,000

Carrying amount

At 30 April 2024

-

-

 

The Jingle Bell House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Leasehold improvements
£

Equipment fixtures and fittings
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

1,300

60,045

106,989

168,334

Additions

-

3,343

-

3,343

At 30 April 2024

1,300

63,388

106,989

171,677

Depreciation

At 1 May 2023

1,300

49,991

22,289

73,580

Charge for the year

-

1,836

21,175

23,011

At 30 April 2024

1,300

51,827

43,464

96,591

Carrying amount

At 30 April 2024

-

11,561

63,525

75,086

At 30 April 2023

-

10,054

84,700

94,754

6

Debtors

Note

2024
£

2023
£

Amounts owed by connected parties

10

265,000

300,000

Prepayments

 

10,349

8,325

Other debtors

 

-

12,737

 

275,349

321,062

 

The Jingle Bell House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

18,822

27,857

Trade creditors

 

12,755

11,704

Taxation and social security

 

19,922

3,787

Accruals and deferred income

 

52,680

2,600

Other creditors

 

102,682

100,789

 

206,861

146,737

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

75,906

85,065

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

12,436

22,388

Hire purchase contracts

63,470

62,677

75,906

85,065

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Hire purchase contracts

8,822

17,857

18,822

27,857

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £423,750 (2023 - £368,229). This includes an annual rental commitment of £45,000 (2023 - £35,350) due under a lease for premises expiring in 2034.

 

The Jingle Bell House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

10

Related party transactions

At the year end Paget Grennall Ltd owed the Company £175,000 (2023 - £210,000), a company in which the directors have an interest.

At the year end the company was owed £90,000 (2023 - £90,000) from JBH Properties Ltd, a company in which the directors have an interest.