Noddy and the Magic Watch by Enid Blyton
Noddy is the most popular and enduring creation from one of this century's most successful children's writers. This adventure finds Noddy in some magical mischief! When Noddy buys a beautiful watch with his hard earned sixpences, he doesn't expect it to have magic powers. despite Big-Ears' warning, Noddy's curiosity gets the better of him, and soon Toyland and its inhabitants are mysteriously still and quiet...Can Noddy undo the magic and free his friends in time?