Company No: 07040800 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Unaudited Financial Statements

DIRECTORS	O S Kohn
	J D Kohn
	M J Kohn

REGISTERED OFFICE	The Jolly Hog
	Hog Hq
	Museum Street
	Wapping Wharf
	Bristol
	BS1 6ZA
	United Kingdom

COMPANY NUMBER

07040800 (England and Wales)

CHARTERED ACCOUNTANTS	Bishop Fleming Bath Limited
	Minerva House
	Lower Bristol Road
	Bath
	BA2 9ER

	Note	2021		2020
		£		£
Fixed assets
Tangible assets	3	190,197		192,251
		190,197		192,251
Current assets
Stocks		16,016		3,997
Debtors	4	42,194		33,376
Cash at bank and in hand		25,768		3,402
		83,978		40,775
Creditors
Amounts falling due within one year	5	( 578,046)		( 469,579)
Net current liabilities		(494,068)		(428,804)
Total assets less current liabilities		(303,871)		(236,553)
Creditors
Amounts falling due after more than one year	6	( 58,211)		( 48,432)
Provisions for liabilities		( 47,232)		( 36,237)
Net liabilities		( 409,314)		( 321,222)
Capital and reserves
Called-up share capital	7	106		106
Profit and loss account		( 409,420 )		( 321,328 )
Total shareholder's deficit		( 409,314)		( 321,222)

For the financial year ending 30 September 2021 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 Companies Act 2006 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 Concessions Limited (registered number: 07040800) were approved and authorised for issue by the Board of Directors on 21 February 2022. They were signed on its behalf by:

O S 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, unless otherwise stated.

General information and basis of accounting

The Jolly Hog Concessions 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, Hog Hq, Museum Street, Wapping Wharf, Bristol, BS1 6ZA, 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

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £409,314. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings			5	years	straight line
Plant and machinery			10	years	straight line
Vehicles			7	years	straight line
Fixtures and fittings			10	years	straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2021		2020
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	16		34

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 October 2020	10,399		292,511		41,925		62,373		407,208
Additions	0		2,159		30,595		0		32,754
At 30 September 2021	10,399		294,670		72,520		62,373		439,962
Accumulated depreciation
At 01 October 2020	10,399		167,089		34,151		3,318		214,957
Charge for the financial year	0		25,531		3,040		6,237		34,808
At 30 September 2021	10,399		192,620		37,191		9,555		249,765
Net book value
At 30 September 2021	0		102,050		35,329		52,818		190,197
At 30 September 2020	0		125,422		7,774		59,055		192,251

4. Debtors

	2021		2020
	£		£
Trade debtors	19,123		11,405
Amounts owed by Group undertakings	7,852		13,945
Amounts owed by directors	261		261
Prepayments	1,471		0
Other debtors	13,487		7,765
	42,194		33,376

5. Creditors: amounts falling due within one year

	2021		2020
	£		£
Bank loans and overdrafts	9,547		1,568
Trade creditors	54,259		32,669
Amounts owed to Group undertakings	480,601		419,677
Amounts owed to directors	9,042		4,699
Other creditors	193		363
Accruals	12,864		3,995
Other taxation and social security	2,356		2,702
Obligations under finance leases and hire purchase contracts	9,184		3,906
	578,046		469,579

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

	2021		2020
	£		£
Bank loans	38,885		48,432
Other creditors	19,326		0
	58,211		48,432

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

7. Called-up share capital

	2021		2020
	£		£
Allotted, called-up and fully-paid
106 Ordinary shares of £ 1.00 each	106		106

8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2021		2020
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	148		260

9. Related party transactions

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.

At the year end, an amount of £260 (2020: £260) was owed from a director of the company. This loan is interest free, and has no fixed date for repayment.

At the year end, an amount of £9,042 (2019: £4,699) was owed to directors of the company. This loan is interest free, and has no fixed date for repayment.