Company No: 10884905 (England and Wales)

Contents

• Company Information
• Accountant's Report
• Statement of Financial Position
• Notes to the Unaudited Financial Statements

DIRECTORS	O Kohn
	J Kohn
	M Kohn
REGISTERED OFFICE	The Jolly Hog Barn The Dairy Yard
	Perrinpit Road
	Frampton Cotterell
	Bristol
	BS36 2AT
	United Kingdom
COMPANY NUMBER	10884905(England and Wales)
CHARTERED ACCOUNTANTS	Bishop Fleming Bath Limited
	Minerva House
	Lower Bristol Road
	Bath
	BA2 9ER

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Jolly Hog Retail Limited for the financial year ended 30 September 2020 which comprises the Statement of Financial Position and the related notes 1 to 6 from the Company’s accounting records and from information and explanations you have given us.

We are subject to the ethical and other professional requirements of the Institute of Chartered Accountants in England and Wales (ICAEW) which are detailed at _http://www.icaew.com/en/members/regulations-standards-and-guidance/_.

It is your duty to ensure that The Jolly Hog Retail Limited 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 The Jolly Hog Retail Limited. You consider that The Jolly Hog Retail Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of The Jolly Hog Retail Limited. 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.

This report is made solely to the Board of Directors of The Jolly Hog Retail Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Jolly Hog Retail Limited and state those matters that we have agreed to state to you 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 The Jolly Hog Retail Limited and its Board of Directors as a body for our work or for this report.

Bishop Fleming Bath Limited
Chartered Accountants

Minerva House
Lower Bristol Road
Bath
BA2 9ER

26 January 2021

		2020		2019
	Note	£		£
Current assets
Debtors	3	331,791		308,371
Cash at bank and in hand		150,310		1,213
		482,101		309,584
Creditors
Amounts falling due within one year	4	( 349,248)		( 134,833)
Net current assets		132,853		174,751
Total assets less current liabilities		132,853		174,751
Net assets		132,853		174,751
Capital and reserves
Called-up share capital	5	100		100
Profit and loss account		132,753		174,651
Total shareholder's funds		132,853		174,751

For the financial year ending 30 September 2020 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Jolly Hog Retail Limited (registered number: 10884905) were approved and authorised for issue by the Board of Directors on 26 January 2021. They were signed on its behalf by:

M Kohn Director

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.

General information and basis of accounting

The Jolly Hog Retail 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 The Jolly Hog Barn The Dairy Yard, Perrinpit Road, Frampton Cotterell, Bristol, BS36 2AT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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.

The functional currency of The Jolly Hog Retail Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

Although there are net current assets of £132,853 at the Statement of Financial Position date the Directors have carefully considered the recent COVID-19 events and has with these in mind considered the ability to continue as a going concern and believes this to be the appropriate basis on which to prepare the accounts.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from related parties. Basic financial instruments are carried as mortised cost using the effective interest method. Financial instruments which fall due within one year are not amortised.

2. Employees

	2020	2019
	Number	Number
Monthly average number of persons employed by the Company during the year, including directors	3	3

3. Debtors

	2020	2019
	£	£
Trade debtors	7,415	70,309
Amounts owed by fellow subsidiaries	256,047	238,062
Accrued income	68,329	0
	331,791	308,371

4. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	3,291	1,671
Amounts owed to Group undertakings	252,964	114,614
Amounts owed to directors	5	204
Accruals and deferred income	1,460	7,473
Corporation tax	62,021	0
Other taxation and social security	29,507	10,871
	349,248	134,833

5. Called-up share capital and reserves

	2020	2019
	£	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each (2019: 100 shares of £ 1.00 each)	100	100
	100	100

6. Related party transactions

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.