Company Registration No. 08362826 (England and Wales)
NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
CONTENTS
Page
Company information
Directors' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
Accountants' report
8
NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company in the period under review was that of the provision of children's indoor soft play centres.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Michael Ayling
David Bartlett
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
David Bartlett
Director
25 March 2025
NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
37,816
57,803
Cash at bank and in hand
5,756
705
43,572
58,508
Creditors: amounts falling due within one year
5
(180,574)
(175,982)
Net current liabilities
(137,002)
(117,474)
Creditors: amounts falling due after more than one year
6
(4,423)
(14,372)
Deferred income
-
0
(65,542)
Net liabilities
(141,425)
(197,388)
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
(151,425)
(207,388)
Total equity
(141,425)
(197,388)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 25 March 2025 and are signed on its behalf by:
David Bartlett
Director
Company registration number 08362826 (England and Wales)
NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 4 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Nuobello Entertainment Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Celixir House, Stratford Business & Technology Park, Innovation Way, Banbury Road, Stratford-upon-Avon, Warwickshire, United Kingdom, CV37 7GZ.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2
Going concern
The accounts have been prepared on a going concern basis which assumes that the company will continue to trade.  The directors considers it appropriate to prepare the financial statements on this basis as they provide sufficient funds to enable the company to meet its day to day working capital requirements.  The financial statements do not include any adjustments that would result from a withdrawal of the support provided by the directors.true
2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

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.

NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2
Accounting policies
(Continued)
- 5 -
2.4
Cash at bank and in hand

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 current liabilities.

2.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
37,816
29,251
Other debtors
-
0
28,552
37,816
57,803
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
1,650
Other creditors
180,574
174,332
180,574
175,982
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
4,423
14,372
7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Related party transactions
(Continued)
- 7 -

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
168,160
163,360

.

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
37,816
29,251
NUOBELLO ENTERTAINMENT LTD
T/A FUNKY MONKEYS
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NUOBELLO ENTERTAINMENT LTD FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nuobello Entertainment Ltd for the year ended 31 December 2024 set out on pages 2 to 7 from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Nuobello Entertainment Ltd, as a body, in accordance with the terms of our engagement letter dated 6 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Nuobello Entertainment Ltd and state those matters that we have agreed to state to the board of directors of Nuobello Entertainment Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nuobello Entertainment Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Nuobello Entertainment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nuobello Entertainment Ltd. You consider that Nuobello Entertainment Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nuobello Entertainment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

TC Group
25 March 2025
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
2024-12-312024-01-01falsefalsefalse25 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMichael AylingDavid Bartlett083628262024-01-012024-12-3108362826bus:Director12024-01-012024-12-3108362826bus:Director22024-01-012024-12-31083628262024-12-31083628262023-12-3108362826core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3108362826core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3108362826core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-3108362826core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3108362826core:CurrentFinancialInstruments2024-12-3108362826core:CurrentFinancialInstruments2023-12-3108362826core:ShareCapital2024-12-3108362826core:ShareCapital2023-12-3108362826core:RetainedEarningsAccumulatedLosses2024-12-3108362826core:RetainedEarningsAccumulatedLosses2023-12-31083628262023-01-012023-12-3108362826core:WithinOneYear2024-12-3108362826core:WithinOneYear2023-12-3108362826core:Non-currentFinancialInstruments2024-12-3108362826core:Non-currentFinancialInstruments2023-12-3108362826core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2024-12-3108362826bus:PrivateLimitedCompanyLtd2024-01-012024-12-3108362826bus:FRS1022024-01-012024-12-3108362826bus:AuditExemptWithAccountantsReport2024-01-012024-12-3108362826bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108362826bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP