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Company No: 07659114 (England and Wales)

THE JOLLY FROG LIMITED

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

THE JOLLY FROG LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

THE JOLLY FROG LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
THE JOLLY FROG LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 153,056 160,527
153,056 160,527
Current assets
Debtors 5 1,046 4,404
Cash at bank and in hand 6 25 1,984
1,071 6,388
Creditors: amounts falling due within one year 7 ( 133,463) ( 134,228)
Net current liabilities (132,392) (127,840)
Total assets less current liabilities 20,664 32,687
Creditors: amounts falling due after more than one year 8 ( 1,218,585) ( 1,213,724)
Net liabilities ( 1,197,921) ( 1,181,037)
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account ( 1,198,021 ) ( 1,181,137 )
Total shareholder's deficit ( 1,197,921) ( 1,181,037)

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

Directors' responsibilities:

The financial statements of The Jolly Frog Limited (registered number: 07659114) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S J Lawson
Director

19 June 2025

THE JOLLY FROG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
THE JOLLY FROG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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 Frog 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 First Floor, 5 Fleet Place, London, EC4M 7RD, 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

At 30 June 2024 the company had net liabilities of £1,197,922. The company meets its day to day working capital requirements through the provision of a loan facility from its shareholder, Animatrix Founders LLP, which has undertaken to support the company for the foreseeable future. On the basis of these undertakings, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Intangible assets

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life over ten years.

Goodwill 10 years straight line
Tangible fixed assets

Property, plant and equipment 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 the statement of income.

Land and buildings 5 - 8 years straight line
not depreciated
Plant and machinery 3 - 4 years straight line
Fixtures and fittings 3 - 4 years straight line
Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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 statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets
Basic financial assets, which include trade and other receivables 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.

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, including trade and other payables and loans from connected companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. 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 payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 0 0

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2023 260,000 260,000
At 30 June 2024 260,000 260,000
Accumulated amortisation
At 01 July 2023 260,000 260,000
At 30 June 2024 260,000 260,000
Net book value
At 30 June 2024 0 0
At 30 June 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 July 2023 397,271 22,066 35,893 455,230
At 30 June 2024 397,271 22,066 35,893 455,230
Accumulated depreciation
At 01 July 2023 236,744 22,066 35,893 294,703
Charge for the financial year 7,471 0 0 7,471
At 30 June 2024 244,215 22,066 35,893 302,174
Net book value
At 30 June 2024 153,056 0 0 153,056
At 30 June 2023 160,527 0 0 160,527

Within Land and buildings is land at cost of £100,000 (2023 - £100,000) which has not been depreciated

5. Debtors

2024 2023
£ £
Other debtors 1,046 4,404

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 25 1,984

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,027 3,709
Other creditors 131,436 130,519
133,463 134,228

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

2024 2023
£ £
Other creditors 1,218,585 1,213,724

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

£535,000 of the Animatrix Founders LLP loan is secured against a mortgage debenture on the buildings by way of a first fixed charge over all properties, licences, guarantees, rents, deposits, contracts, covenants, goodwill and uncalled capital and by way of a floating charge over all property, assets and rights.

9. Called-up share capital

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