REGISTERED NUMBER: 09569385 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Mega Jump Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T I McClure

Mr D E Melhus

Mr P I Haagaas

REGISTERED OFFICE:

5 Patchway Trading Estate Britannia Road

Patchway

Bristol

BS34 5TA

REGISTERED NUMBER:

09569385 (England and Wales)

SENIOR STATUTORY AUDITOR:

Matthew Dobbins FCA

AUDITORS:

Dunkley's

Statutory Auditor

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

225,360

248,948

CURRENT ASSETS

Stocks

14,516

28,398

Debtors

5

554,212

651,832

Cash at bank and in hand

91,921

108,821

660,649

789,051

CREDITORS

Amounts falling due within one year

6

432,766

626,325

NET CURRENT ASSETS

227,883

162,726

TOTAL ASSETS LESS CURRENT LIABILITIES

453,243

411,674

PROVISIONS FOR LIABILITIES

94,259

91,513

NET ASSETS

358,984

320,161

CAPITAL AND RESERVES

Called up share capital

8

200

200

Share premium

399,800

399,800

Other reserves

547,361

547,361

Retained earnings

(588,377

)

(627,200

)

SHAREHOLDERS' FUNDS

358,984

320,161

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 12th September 2025 and were signed on its behalf by:

Mr T I McClure - Director

1.	STATUTORY INFORMATION

Mega Jump Limited is a private company, limited by shares , registered in England and Wales. 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

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

Judgement applying to accounting policy

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities within the statement of financial position and the amounts reported for Turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The following Judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

(i) Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilization and the physical condition of the assets.

(ii) Provisions

A provision is made for dilapidations. These provisions require management's best estimate of the costs that will be incurred based on legislative and contractual requirements. In addition, the timing of the cash flows and discount rates used to establish net present value of the obligations require management's judgement.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Turnover is attributable to trampoline activities, sale of socks and cafe sales.

Revenue for advance bookings is deferred and recognised on customer arrival or in the case of cancelled bookings on the date of cancellation.

Gift cards

Turnover from sales of gift cards are recognised at the earlier of point of redemption or point of expiry.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

over remaining period of lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Computer equipment

-

20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss.

Financial instruments

The company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors and loans to and from related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related companies , are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, and amounts due to related 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss when they fall due. Amounts not paid are shown in other creditors as a liability in the statement of financial position. The assets of the plan are held separately from the company in a independent administered fund.

Going concern

In considering the appropriate basis on which to prepare the financial statements, the directors are required to consider the company can continue in operational existence for the foreseeable future.

The Directors regularly review the Company's cash requirements and are confident that the Company has sufficient cash and funding facilities, based on reasonable expectations of future trading, to prepare these accounts on a going concern basis.

Operating leases

Rentals paid under operating leases are charged to the profit and loss on a straight-line basis over the lease term.

Incentives received to enter into an operating lease are credited to the statement of income and retained earnings, to reduce the lease expense, on a straight-line basis over the period of the lease.

Finance costs

Finance costs are charged to the profit and loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Provision for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the statement of financial position.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

236,261

678,743

612,798

50,901

1,578,703

Additions

25,319

-

29,271

2,689

57,279

Disposals

-

-

(958

)

-

(958

)

Reclassification/transfer

-

(162,871

)

162,871

-

-

At 31st December 2024

261,580

515,872

803,982

53,590

1,635,024

DEPRECIATION

At 1st January 2024

158,201

672,270

449,013

50,271

1,329,755

Charge for year

26,305

-

53,214

390

79,909

Reclassification/transfer

-

(156,398

)

156,398

-

-

At 31st December 2024

184,506

515,872

658,625

50,661

1,409,664

NET BOOK VALUE

At 31st December 2024

77,074

-

145,357

2,929

225,360

At 31st December 2023

78,060

6,473

163,785

630

248,948

5.

DEBTORS

31.12.24

31.12.23

as restated

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

46,584

240,494

Other debtors

1,000

1,000

Deferred tax asset

123,056

144,378

Prepayments

119,572

97,568

290,212

483,440

Amounts falling due after more than one year:

Other debtors

264,000

168,392

Aggregate amounts

554,212

651,832

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Trade creditors

48,442

72,320

Amounts owed to group undertakings

297,078

48,056

Tax

73

-

Social security and other taxes

2,225

2,143

VAT

33,839

47,884

Other creditors

4,666

4,916

Accruals and deferred income

27,418

34,570

Accrued expenses

19,025

416,436

432,766

626,325

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

as restated

£

£

Within one year

440,000

440,000

Between one and five years

696,667

1,136,667

1,136,667

1,576,667

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

as restated

£

£

200

ordinary

£1

200

200

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)

for and on behalf of Dunkley's

10.	PENSION COMMITMENTS

During the year, the company operated a defined contribution pension scheme through an external provider.

Employer contributions to the scheme for the year totalled £2,290 (2023 - £2,314).

Accrued pension contributions outstanding at the balance date totalled £482 (2023 - £367).

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13.	ULTIMATE CONTROLLING PARTY

The parent of the smallest group for which consolidated financial statements are drawn up of which this company is a member is Activeon AS, a company registered in Norway.

The parent of the largest group for which consolidated financial statements are drawn up of which this company is a member is Activeon AS, a company registered in Norway.

The registered office of the parent is Vollsveien 2a, 1366 Lysaker, Norway.