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COMPANY REGISTRATION NUMBER: 02195874

Mr. Carpet Limited

Filleted Unaudited Financial Statements

31 May 2025

Mr. Carpet Limited

Officers and Professional Advisers

Director | A J Guyan

Registered office | Allen House
| 1 Westmead Road
| Sutton
| Surrey
| SM1 4LA

Company number 2195874

Accountants | Turpin Barker Armstrong
| Chartered Certified Accountants
| Allen House
| 1 Westmead Road
| Sutton
| Surrey
| SM1 4LA

Mr. Carpet Limited

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Mr. Carpet Limited

Year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mr. Carpet Limited for the year ended 31 May 2025, which comprise the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Mr. Carpet Limited in accordance with the terms of our engagement letter dated 23 September 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Mr. Carpet Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mr. Carpet Limited and its director for our work or for this report.
It is your duty to ensure that Mr. Carpet 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 Mr. Carpet Limited. You consider that Mr. Carpet 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 Mr. Carpet 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.
Turpin Barker Armstrong Chartered Certified Accountants
Allen House 1 Westmead Road Sutton Surrey SM1 4LA
17 February 2026

Mr. Carpet Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 606,584 | 615,024
Investments | 6 |  | 1,050,000 | 1,050,000
|  | ------------ | ------------
|  | 1,656,584 | 1,665,024

Current assets

Debtors | 7 | 89,641 |  | 61,546
Cash at bank and in hand | 41,934 |  | 51,353
| --------- |  | ---------
| 131,575 |  | 112,899

Creditors: amounts falling due within one year | 8 | 132,249 |  | 119,769
| --------- |  | ---------
Net current liabilities |  | 674 | 6,870
|  | ------------ | ------------
Total assets less current liabilities |  | 1,655,910 | 1,658,154

Creditors: amounts falling due after more than one year | 9 |  | 132,982 | 142,471
|  | ------------ | ------------
Net assets |  | 1,522,928 | 1,515,683
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 150 | 150
Revaluation reserve |  | 963,083 | 963,083
Profit and loss account |  | 559,695 | 552,450
|  | ------------ | ------------
Shareholders funds |  | 1,522,928 | 1,515,683
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mr. Carpet Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 12 February 2026 , and are signed on behalf of the board by:

A J Guyan |
Director |

Company registration number: 02195874

Mr. Carpet Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Allen House, 1 Westmead Road, Sutton, Surrey, SM1 4LA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold property | - | Straight line over life of lease
| Plant and Machinery | - | 25% reducing balance
| Fixtures and Fittings | - | 15% reducing balance
| Motor Vehicles | - | 25% reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Freehold property | Long leasehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 Jun 2024 | 600,000 | 94,207 | 111,625 | 182,093 | 71,358 | 1,059,283
Disposals | – | – | – | – | ( 28,003) | ( 28,003)
| --------- | -------- | --------- | --------- | -------- | ------------
At 31 May 2025 | 600,000 | 94,207 | 111,625 | 182,093 | 43,355 | 1,031,280
| --------- | -------- | --------- | --------- | -------- | ------------
Depreciation |  |  |  |  |  |
At 1 Jun 2024 | – | 94,207 | 109,624 | 179,085 | 61,343 | 444,259
Charge for the year | – | – | 501 | 451 | 843 | 1,795
Disposals | – | – | – | – | ( 21,358) | ( 21,358)
| --------- | -------- | --------- | --------- | -------- | ------------
At 31 May 2025 | – | 94,207 | 110,125 | 179,536 | 40,828 | 424,696
| --------- | -------- | --------- | --------- | -------- | ------------
Carrying amount |  |  |  |  |  |
At 31 May 2025 | 600,000 | – | 1,500 | 2,557 | 2,527 | 606,584
| --------- | -------- | --------- | --------- | -------- | ------------
At 31 May 2024 | 600,000 | – | 2,001 | 3,008 | 10,015 | 615,024
| --------- | -------- | --------- | --------- | -------- | ------------

Tangible assets held at valuation
The freehold and investment properties were revalued in November 2002 and May 2017, both valuations were based on Director knowledge and previous sales in the area. The freehold and investment properties included in the accounts are valued at open market value and no depreciation is provided for. The director consider that this accounting policy results in the financial statements giving a true and fair view.
6. Investments

| Other investments other than loans
| £
Cost |
At 1 June 2024 and 31 May 2025 | 1,050,000
| ------------
Impairment |
At 1 June 2024 and 31 May 2025 | –
| ------------

Carrying amount |
At 31 May 2025 | 1,050,000
| ------------
At 31 May 2024 | 1,050,000
| ------------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 8,788 | 2,680
Other debtors | 80,853 | 58,866
| -------- | --------
| 89,641 | 61,546
| -------- | --------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 14,149 | 23,042
Trade creditors | 92,069 | 89,617
Social security and other taxes | 6,772 | 920
Other creditors | 19,259 | 6,190
| --------- | ---------
| 132,249 | 119,769
| --------- | ---------

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

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 132,982 | 142,471
| --------- | ---------

10. Director's advances, credits and guarantees
At no point during the year did advances/credits to the Director's Loan Account result in an overdrawn position.