ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Company registration number: 14303971

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 DECEMBER 2025

	FURNITURE & HOME IMPROVEMENT OMBUDSMAN


FURNITURE & HOME IMPROVEMENT OMBUDSMAN REGISTERED NUMBER:14303971

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

	31 December	30 June
	2025	2024
Note	£	£


Current assets
Debtors due within 1 year		116,338		373,766
Bank and cash balances		122,643		226,139
		238,981		599,905
Creditors: amounts falling due within one year	5	(241,590)		(562,354)
Net current (liabilities)/assets			(2,609)		37,551
Total assets less current liabilities			(2,609)		37,551

Net (liabilities)/assets			(2,609)		37,551

Capital and reserves
Profit and loss account	(2,609)	37,551
	(2,609)	37,551

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FURNITURE & HOME IMPROVEMENT OMBUDSMAN REGISTERED NUMBER:14303971

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

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 period 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 statement of income and retained earnings 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:

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

K G Grix

Director

Date: 7 May 2026

The notes on pages 3 to 6 form part of these financial statements.

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FURNITURE & HOME IMPROVEMENT OMBUDSMAN

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Furniture & Home Improvement Ombudsman is a private company limited by guarantee, incoporated in England and Wales. The company's registered number and registered office address can be found on the company information page.

The presentation currency of the financial statements in the Pound Sterling (£).

The comparative period shown in the financial statements is from 1 July 2023 to 30 June 2024. The directors have chosen to extend the financial reporting date to 31 December of each year in line with other group undertakings. The differing comparative period length should be taken into account when reviewing the information within the financial statements.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Revenue from membership income is accounted for in the period to which it relates, whereas revenue arising from one off cases is recognised when the case is opened.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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FURNITURE & HOME IMPROVEMENT OMBUDSMAN

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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FURNITURE & HOME IMPROVEMENT OMBUDSMAN

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the period was 6 (2024 - 6).

Debtors

					31 December	30 June
					2025	2024
					£	£


Trade debtors	54,935	52,117
Amounts owed by group undertakings	-	300,695
Other debtors	45,467	-
Prepayments and accrued income	15,936	20,954
	116,338	373,766

Trade creditors	399	399
Amounts owed to group undertakings	44,230	-
Corporation tax	-	10,988
Other taxation and social security	-	2,173
Accruals and deferred income	196,961	548,794
	241,590	562,354


6.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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FURNITURE & HOME IMPROVEMENT OMBUDSMAN

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

7.	Parent relationships

The parent undertaking and sole member of the company is The Ombuds Group, which incorporated in England and Wales at Premier House, 1st Floor, 1-5 Argyle Way, Stevenage SG1 2AD.

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