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REGISTERED NUMBER: 10751373 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Hot Futures Limited

Hot Futures Limited (Registered number: 10751373)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Hot Futures Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: T Brown
J Jarvis





REGISTERED OFFICE: 178c Brick Lane
Brick Lane
London
E1 6SA





REGISTERED NUMBER: 10751373 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hot Futures Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hot Futures Limited for the year ended 31 May 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hot Futures Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hot Futures Limited and state those matters that we have agreed to state to the Board of Directors of Hot Futures Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hot Futures Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hot Futures 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 Hot Futures Limited. You consider that Hot Futures Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hot Futures 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.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


Date: .............................................

Hot Futures Limited (Registered number: 10751373)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 69,272 63,295

CURRENT ASSETS
Stocks 134,768 134,768
Debtors 5 99,136 57,477
Cash at bank 120,137 242,137
354,041 434,382
CREDITORS
Amounts falling due within one year 6 (235,696 ) (323,870 )
NET CURRENT ASSETS 118,345 110,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,617

173,807

CREDITORS
Amounts falling due after more than
one year

7

(10,026

)

(24,958

)
NET ASSETS 177,591 148,849

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 177,491 148,749
SHAREHOLDERS' FUNDS 177,591 148,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hot Futures Limited (Registered number: 10751373)

Statement of Financial Position - continued
31 May 2024


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 26 February 2025 and were signed on its behalf by:




J Jarvis - Director



T Brown - Director


Hot Futures Limited (Registered number: 10751373)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Hot Futures 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 26 ) .

Hot Futures Limited (Registered number: 10751373)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 June 2023 19,753 49,549 -
Additions - 13,242 2,330
At 31 May 2024 19,753 62,791 2,330
DEPRECIATION
At 1 June 2023 197 12,172 -
Charge for year 391 8,295 -
At 31 May 2024 588 20,467 -
NET BOOK VALUE
At 31 May 2024 19,165 42,324 2,330
At 31 May 2023 19,556 37,377 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 2,000 7,261 78,563
Additions - 822 16,394
At 31 May 2024 2,000 8,083 94,957
DEPRECIATION
At 1 June 2023 1,345 1,554 15,268
Charge for year 131 1,600 10,417
At 31 May 2024 1,476 3,154 25,685
NET BOOK VALUE
At 31 May 2024 524 4,929 69,272
At 31 May 2023 655 5,707 63,295

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,466 57,477
Other debtors 65,670 -
99,136 57,477

Hot Futures Limited (Registered number: 10751373)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,367 19,345
Trade creditors 39,151 40,515
Taxation and social security 182,928 194,281
Other creditors 1,250 69,729
235,696 323,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,026 24,958

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100