Registration number:
Jump at the Chance Limited
for the Year Ended 31 December 2025
Jump at the Chance Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Jump at the Chance Limited
(Registration number: 11732524)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Current assets |
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
6 |
6 |
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Retained earnings |
728 |
50,959 |
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Shareholders' funds |
734 |
50,965 |
For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Jump at the Chance Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
The tax expense for the period comprises current tax payable.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Bloodstock
Bloodstock is stated at the lower of purchase cost and market value less costs to sell.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Jump at the Chance Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Stocks |
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2025 |
2024 |
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Bloodstock for resale |
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- |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
- |
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Other debtors |
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- |
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
- |
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Taxation and social security |
- |
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Other creditors |
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Related party transactions |
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Other transactions with directors |
G Austin, L Hughes and S O'Brien (directors) had loan accounts with the company. At the balance sheet date the amount due collectively to G Austin, L Hughes and S O'Brien was £16,500, being £5,500 owed to each director individually (2024: £35,850).