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REGISTERED NUMBER: 05462796 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

HOT FLIBBY LIMITED

HOT FLIBBY LIMITED (REGISTERED NUMBER: 05462796)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOT FLIBBY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2025







DIRECTORS: Mrs G B Kane
Ms K A Kane
C Kane





SECRETARY: Mrs G B Kane





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 05462796 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

HOT FLIBBY LIMITED (REGISTERED NUMBER: 05462796)

BALANCE SHEET
31 MAY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 375 561

CURRENT ASSETS
Stocks 4 380,793 380,793
Debtors 5 765 719
Cash at bank 46,471 19,961
428,029 401,473
CREDITORS
Amounts falling due within one year 6 83,404 78,842
NET CURRENT ASSETS 344,625 322,631
TOTAL ASSETS LESS CURRENT LIABILITIES 345,000 323,192

CREDITORS
Amounts falling due after more than one year 7 (59,000 ) (82,000 )

PROVISIONS FOR LIABILITIES (94 ) (140 )
NET ASSETS 285,906 241,052

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 284,906 240,052
285,906 241,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 14 July 2025 and were signed on its behalf by:





Mrs G B Kane - Director


HOT FLIBBY LIMITED (REGISTERED NUMBER: 05462796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025


1. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Other operating income
Rental income is recognised when the rent becomes due in accordance with the terms of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2024
and 31 May 2025 564
DEPRECIATION
At 1 June 2024 3
Charge for year 186
At 31 May 2025 189
NET BOOK VALUE
At 31 May 2025 375
At 31 May 2024 561

4. STOCKS
2025 2024
£    £   
Stocks 380,793 380,793

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 765 719

HOT FLIBBY LIMITED (REGISTERED NUMBER: 05462796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 12,000 12,000
Tax 11,219 6,245
Directors' loan accounts 58,052 58,052
Accrued expenses 2,133 2,545
83,404 78,842

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 12,000 12,000
Bank loans - 2-5 years 47,000 70,000
59,000 82,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 71,000 94,000

The bank loans are secured by fixed charge.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mrs G B Kane maintained her loan to the company. As at 31 May 2025 the company owed her £58,052 (2024: £58,052). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs G B Kane.

This was by virtue of her 75% holding of the issued share capital.