Silverfin false false 30/09/2024 01/10/2023 30/09/2024 J Kohn 26/07/2017 M Kohn 26/07/2017 O Kohn 26/07/2017 10 February 2025 The principal activity of the Company during the financial year was the sale of food products. 10884905 2024-09-30 10884905 bus:Director1 2024-09-30 10884905 bus:Director2 2024-09-30 10884905 bus:Director3 2024-09-30 10884905 2023-09-30 10884905 core:CurrentFinancialInstruments 2024-09-30 10884905 core:CurrentFinancialInstruments 2023-09-30 10884905 core:ShareCapital 2024-09-30 10884905 core:ShareCapital 2023-09-30 10884905 core:RetainedEarningsAccumulatedLosses 2024-09-30 10884905 core:RetainedEarningsAccumulatedLosses 2023-09-30 10884905 core:PlantMachinery 2023-09-30 10884905 core:PlantMachinery 2024-09-30 10884905 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-09-30 10884905 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-09-30 10884905 bus:OrdinaryShareClass1 2024-09-30 10884905 2023-10-01 2024-09-30 10884905 bus:FilletedAccounts 2023-10-01 2024-09-30 10884905 bus:SmallEntities 2023-10-01 2024-09-30 10884905 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10884905 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10884905 bus:Director1 2023-10-01 2024-09-30 10884905 bus:Director2 2023-10-01 2024-09-30 10884905 bus:Director3 2023-10-01 2024-09-30 10884905 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 10884905 2022-10-01 2023-09-30 10884905 core:PlantMachinery 2023-10-01 2024-09-30 10884905 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10884905 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10884905 (England and Wales)

THE JOLLY HOG RETAIL LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

THE JOLLY HOG RETAIL LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

THE JOLLY HOG RETAIL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
THE JOLLY HOG RETAIL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,734 8,824
6,734 8,824
Current assets
Stocks 3,815 4,965
Debtors 4 1,232,875 726,073
Cash at bank and in hand 0 241,089
1,236,690 972,127
Creditors: amounts falling due within one year 5 ( 976,603) ( 732,822)
Net current assets 260,087 239,305
Total assets less current liabilities 266,821 248,129
Provision for liabilities ( 113) 0
Net assets 266,708 248,129
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 266,608 248,029
Total shareholder's funds 266,708 248,129

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The Jolly Hog Retail Limited (registered number: 10884905) were approved and authorised for issue by the Board of Directors on 10 February 2025. They were signed on its behalf by:

M Kohn
Director
THE JOLLY HOG RETAIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
THE JOLLY HOG RETAIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Jolly Hog Retail Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Jolly Hog, Hog Hq, Museum Street, Whapping Wharf, Bristol, BS1 6ZA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 October 2023 13,236 13,236
Additions 591 591
At 30 September 2024 13,827 13,827
Accumulated depreciation
At 01 October 2023 4,412 4,412
Charge for the financial year 2,681 2,681
At 30 September 2024 7,093 7,093
Net book value
At 30 September 2024 6,734 6,734
At 30 September 2023 8,824 8,824

4. Debtors

2024 2023
£ £
Trade debtors 310,722 134,964
Amounts owed by fellow subsidiaries 573,612 484,162
Prepayments and accrued income 348,541 106,947
1,232,875 726,073

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 11,002 0
Trade creditors 140,209 43,670
Amounts owed to Group undertakings 601,483 541,149
Amounts owed to directors 5 5
Accruals 31,805 4,684
Taxation and social security 192,099 143,314
976,603 732,822

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to the director 5 5

The accounts are interest free and repayable upon demand.

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.