Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Paul Cooke 19/02/2025 R A Davies 04/06/2010 M Hockings 19/02/2025 06/04/2024 24 March 2025 The principal activity of the Company during the financial year was that of soft toy and accessories wholesaler. 07274414 2024-10-31 07274414 bus:Director1 2024-10-31 07274414 bus:Director2 2024-10-31 07274414 bus:Director3 2024-10-31 07274414 2023-10-31 07274414 core:CurrentFinancialInstruments 2024-10-31 07274414 core:CurrentFinancialInstruments 2023-10-31 07274414 core:Non-currentFinancialInstruments 2024-10-31 07274414 core:Non-currentFinancialInstruments 2023-10-31 07274414 core:ShareCapital 2024-10-31 07274414 core:ShareCapital 2023-10-31 07274414 core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 07274414 core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 07274414 core:RetainedEarningsAccumulatedLosses 2024-10-31 07274414 core:RetainedEarningsAccumulatedLosses 2023-10-31 07274414 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-10-31 07274414 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-10-31 07274414 core:LandBuildings 2023-10-31 07274414 core:PlantMachinery 2023-10-31 07274414 core:Vehicles 2023-10-31 07274414 core:FurnitureFittings 2023-10-31 07274414 core:ComputerEquipment 2023-10-31 07274414 core:LandBuildings 2024-10-31 07274414 core:PlantMachinery 2024-10-31 07274414 core:Vehicles 2024-10-31 07274414 core:FurnitureFittings 2024-10-31 07274414 core:ComputerEquipment 2024-10-31 07274414 2023-11-01 2024-10-31 07274414 bus:FilletedAccounts 2023-11-01 2024-10-31 07274414 bus:SmallEntities 2023-11-01 2024-10-31 07274414 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07274414 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07274414 bus:Director1 2023-11-01 2024-10-31 07274414 bus:Director2 2023-11-01 2024-10-31 07274414 bus:Director3 2023-11-01 2024-10-31 07274414 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-11-01 2024-10-31 07274414 core:PlantMachinery 2023-11-01 2024-10-31 07274414 core:Vehicles 2023-11-01 2024-10-31 07274414 core:FurnitureFittings 2023-11-01 2024-10-31 07274414 core:ComputerEquipment core:TopRangeValue 2023-11-01 2024-10-31 07274414 2022-11-01 2023-10-31 07274414 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-11-01 2024-10-31 07274414 core:LandBuildings 2023-11-01 2024-10-31 07274414 core:ComputerEquipment 2023-11-01 2024-10-31 07274414 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 07274414 (England and Wales)

TEDDY MOUNTAIN (UK) LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

TEDDY MOUNTAIN (UK) LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

TEDDY MOUNTAIN (UK) LTD

BALANCE SHEET

As at 31 October 2024
TEDDY MOUNTAIN (UK) LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 6,070 9,106
Tangible assets 4 383,731 257,585
Investment property 5 601,135 601,135
990,936 867,826
Current assets
Stocks 6 1,139,254 1,034,843
Debtors 7 1,372,080 800,184
Cash at bank and in hand 632,563 741,040
3,143,897 2,576,067
Creditors: amounts falling due within one year 8 ( 287,281) ( 122,911)
Net current assets 2,856,616 2,453,156
Total assets less current liabilities 3,847,552 3,320,982
Creditors: amounts falling due after more than one year 9 ( 181,677) ( 15,177)
Net assets 3,665,875 3,305,805
Capital and reserves
Called-up share capital 1 1
Fair value reserve 5,000 5,000
Profit and loss account 3,660,874 3,300,804
Total shareholder's funds 3,665,875 3,305,805

For the financial year ending 31 October 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 Teddy Mountain (UK) Ltd (registered number: 07274414) were approved and authorised for issue by the Board of Directors on 24 March 2025. They were signed on its behalf by:

R A Davies
Director
TEDDY MOUNTAIN (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
TEDDY MOUNTAIN (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Teddy Mountain (UK) Ltd (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 Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 Balance Sheet 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 Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance
Computer equipment 3 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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 8 6

3. Intangible assets

Website costs Total
£ £
Cost
At 01 November 2023 15,178 15,178
At 31 October 2024 15,178 15,178
Accumulated amortisation
At 01 November 2023 6,072 6,072
Charge for the financial year 3,036 3,036
At 31 October 2024 9,108 9,108
Net book value
At 31 October 2024 6,070 6,070
At 31 October 2023 9,106 9,106

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 November 2023 232,422 56,631 11,195 24,099 7,013 331,360
Additions 129,140 0 0 2,175 543 131,858
At 31 October 2024 361,562 56,631 11,195 26,274 7,556 463,218
Accumulated depreciation
At 01 November 2023 0 46,237 9,203 12,131 6,204 73,775
Charge for the financial year 0 2,079 498 2,538 597 5,712
At 31 October 2024 0 48,316 9,701 14,669 6,801 79,487
Net book value
At 31 October 2024 361,562 8,315 1,494 11,605 755 383,731
At 31 October 2023 232,422 10,394 1,992 11,968 809 257,585

5. Investment property

Investment property
£
Valuation
As at 01 November 2023 601,135
As at 31 October 2024 601,135

6. Stocks

2024 2023
£ £
Stocks 1,139,254 1,034,843

7. Debtors

2024 2023
£ £
Trade debtors 228,702 266,539
Amounts owed by joint ventures 109,032 0
Amounts owed by associates 882,635 526,623
Other debtors 151,711 7,022
1,372,080 800,184

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,656 10,656
Amounts owed to Group undertakings 450 450
Taxation and social security 228,979 101,005
Other creditors 47,196 10,800
287,281 122,911

9. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 181,677 15,177

There are no amounts included above in respect of which any security has been given by the small entity.