REGISTERED NUMBER: SC200761 (Scotland)

Jupiter Play & Leisure Ltd.

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M Hoenigmann

Mrs C J Hoenigmann

SECRETARY:

Whitelaw Wells

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Lothian

EH3 6AT

REGISTERED NUMBER:

SC200761 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Clydesdale Bank PLC

(trading as Virgin Money)

83 George Street

Edinburgh

EH2 3ES

SOLICITORS:

Kerr Stirling LLP

10 Albert Place

Stirling

FK8 2QL

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of selling and installing play equipment.

REVIEW OF BUSINESS

In 2024, the company achieved significant revenue growth, reaching £5.86 million (2023: £4.46 million). This sales growth was driven by a combination of new clients within the leisure sector and a continued focus on excellent customer service and quality within existing relationships. Our strong team and superior product range, particularly in the bespoke market, have ensured clear improvements across the business.

The company are pleased to report an increase in pre-tax profits to £520,863 (2023 - £427,484) in 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr M Hoenigmann

Mrs C J Hoenigmann

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr M Hoenigmann - Director

16 September 2025

FIXED ASSETS

Tangible assets

4

153,454

122,986

CURRENT ASSETS

Stocks

32,453

31,130

Debtors

5

1,130,732

844,825

Cash at bank and in hand

658,885

638,355

1,822,070

1,514,310

CREDITORS

Amounts falling due within one year

6

1,609,741

1,247,425

NET CURRENT ASSETS

212,329

266,885

TOTAL ASSETS LESS CURRENT LIABILITIES

365,783

389,871

CREDITORS

Amounts falling due after more than one year

7

90,369

63,667

NET ASSETS

275,414

326,204

CAPITAL AND RESERVES

Called up share capital

14,285

14,285

Share premium

10

60,205

60,205

Retained earnings

10

200,924

251,714

SHAREHOLDERS' FUNDS

275,414

326,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mr M Hoenigmann - Director

1.	STATUTORY INFORMATION

Jupiter Play & Leisure Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition

The turnover derives from the provision and installation of play equipment, excluding VAT.

Revenue is recognised on the delivery and satisfactory installation of play equipment. In certain cases the customer withholds a retention on satisfactory completion of the job.

Included in "stocks" are amounts which total £10,714 (2023 - £10,714) in respect of income that has been recognised but not billed by the end of the period. Provision is made against unbilled amounts where the right to receive payment is contingent and dependent on factors outside the control of the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% on cost

Inventories

Inventories have been valued at the lower of cost estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

225,338

Additions

87,236

At 31 December 2024

312,574

DEPRECIATION

At 1 January 2024

102,352

Charge for year

56,768

At 31 December 2024

159,120

NET BOOK VALUE

At 31 December 2024

153,454

At 31 December 2023

122,986

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

71,667

Additions

77,211

At 31 December 2024

148,878

DEPRECIATION

At 1 January 2024

11,944

Charge for year

28,850

At 31 December 2024

40,794

NET BOOK VALUE

At 31 December 2024

108,084

At 31 December 2023

59,723

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

640,759

428,608

Other debtors

489,973

416,217

1,130,732

844,825

Included in other debtors is £nil (2023 - £4,550) owed from Inclusive Play (UK) Limited, a company that was related in prior years.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

26,131

14,850

Trade creditors

666,046

399,009

Amounts owed to group undertakings

189,880

-

Taxation and social security

301,285

340,921

Other creditors

416,399

482,645

1,609,741

1,247,425

Amounts owed to group undertaking comprises a loan from Jupiter Play Holdings Limited, the company's ultimate parent company.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,167

14,167

Hire purchase contracts (see note 8)

86,202

49,500

90,369

63,667

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

26,131

14,850

Between one and five years

86,202

49,500

112,333

64,350

Non-cancellable

operating leases

2024

2023

£

£

Within one year

20,000

22,229

Between one and five years

42,666

62,666

62,666

84,895

9.	SECURED DEBTS

Clydesdale Bank holds the following securities:

- a Floating Charge over the assets of the company.

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

251,714

60,205

311,919

Profit for the year

389,210

389,210

Dividends

(440,000

)

(440,000

)

At 31 December 2024

200,924

60,205

261,129

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr M Hoenigmann

Balance outstanding at start of year

72,987

42,889

Amounts advanced

70,310

30,098

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

143,297

72,987

Mrs C J Hoenigmann

Balance outstanding at start of year

23,771

22,901

Amounts advanced

16,568

870

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,339

23,771

The balances are unsecured and repayable on demand. Interest has been charged at 2.25% per annum. The balances were repaid in full by 1 June 2025.

12.	ULTIMATE CONTROLLING PARTY

Jupiter Play Holdings Limited (SC787353), is the company's ultimate parent company.