ACCOUNTS - Final Accounts preparation

Registered number: 09066868

HIBISCUS CARPETS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

HIBISCUS CARPETS LTD

REGISTERED NUMBER: 09066868

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		1,501		1,501
			1,501		1,501
Current assets
Cash at bank and in hand		3		3
		3		3
Total assets less current liabilities			1,504		1,504

Net assets			1,504		1,504

Capital and reserves
Called up share capital	5	1,501	1,501
Profit and loss account		3	3
		1,504	1,504

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R C Meager

Director

Date: 9 October 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

HIBISCUS CARPETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The Company is a private company limited by shares and is registered in England and Wales. The Company's registered number is 09066868. The Company's registered office is 1 Cockerel Rise, Desborough, Kettering, NN14 2WE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

The directors continue to review cash and profit forecasts and are of the view that the company is able to continue as a going concern for a period of at least 12 months from the date of signing the financial statements, on the basis of financing arrangements in place and the ongoing support of the directors and its subsidiary company.
The directors have looked ahead for a period in excess of 12 months from the date of approval of these financial statements in forming their assessment that the company is a going concern.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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HIBISCUS CARPETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 3).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	1,501
	At 31 March 2025	1,501

5.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,501 (2024 - 1,501) Ordinary A shares of £0.88 each	1,321	1,321
1,501 (2024 - 1,501) Ordinary B shares of £0.12 each	180	180

	1,501	1,501

The Ordinary A and Ordinary B shares are both non-redeemable and rank equally in terms of rights to dividends and voting rights.

6.	Related party transactions
	In accordance with section 1A of FRS 102, transactions between wholly owned group companies have not been disclosed.

7.	Controlling party

Jacaranda Group Limited is the company's controlling party by virtue of its 100% shareholding. Jacaranda Group Limited is incorporated in England and Wales and its registered office is: 1 Cockerel Rise, Magnetic Park, Desborough, Northamptonshire, NN14 2WE.

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