REGISTERED NUMBER: 07679895 (England and Wales)

Funky Products Ltd

Unaudited Financial Statements

for the Year Ended 31st January 2026

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

5

Director:

T A A Leslie

Registered office:

Halidon House

17D Windmill Way West

Ramparts Business Park

Berwick Upon Tweed

Northumberland

TD15 1TB

Registered number:

07679895 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Current assets

Debtors

4

24,150

49,150

Cash at bank

675

933

24,825

50,083

Creditors

Amounts falling due within one year

5

47,619

72,651

Net current liabilities

(22,794

)

(22,568

)

Total assets less current liabilities

(22,794

)

(22,568

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(22,894

)

(22,668

)

(22,794

)

(22,568

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th April 2026 and were signed by:

T A A Leslie - Director

1.	Statutory information

Funky Products Ltd 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.

Financial instruments

The following assets and liabilities are classified as financial instruments - other loans and directors' loans.

Directors' loans (being repayable on demand) and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Going concern

The business activity ceased on 12th January 2024. The company continues to collect debtors and repay creditors.

3.	Employees and directors

The average number of employees during the year was NIL (2025 - NIL).

4.

Debtors: amounts falling due within one year

2026

2025

£

£

Other debtors

24,150

49,150

5.

Creditors: amounts falling due within one year

2026

2025

£

£

Other creditors

47,619

72,651

6.	Related party disclosures

Funky Products Limited is a fully owned subsidiary of Alta Asset Management Limited, Alta Asset Management Limited is a private limited company, limited by shares, registered in England and Wales.

At 31st January 2026 a loan of £18,814 (2025-£18,814) was outstanding payable by the company to Alta Asset Management Limited. This loan is unsecured, interest free and repayable on demand.

At 31st January 2026 a loan of £5,400 (2025-£5,400) was outstanding payable to the company by Fin and Game Limited, a company in the same group as Funky Products Limited. This loan is unsecured, interest free and repayable on demand.