REGISTERED NUMBER: 05462796 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

HOT FLIBBY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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 Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

189

375

CURRENT ASSETS

Stocks

4

380,793

380,793

Debtors

5

787

765

Cash at bank

74,979

46,471

456,559

428,029

CREDITORS

Amounts falling due within one year

6

77,156

83,404

NET CURRENT ASSETS

379,403

344,625

TOTAL ASSETS LESS CURRENT LIABILITIES

379,592

345,000

CREDITORS

Amounts falling due after more than one year

7

(47,000

)

(59,000

)

PROVISIONS FOR LIABILITIES

(47

)

(94

)

NET ASSETS

332,545

285,906

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

331,545

284,906

332,545

285,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 22 September 2026 and were signed on its behalf by:

Mrs G B Kane - Director

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% straight line

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

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

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2025

and 31 May 2026

564

DEPRECIATION

At 1 June 2025

189

Charge for year

186

At 31 May 2026

375

NET BOOK VALUE

At 31 May 2026

189

At 31 May 2025

375

4.

STOCKS

2026

2025

£

£

Stocks

380,793

380,793

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments

787

765

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

12,000

12,000

Tax

11,692

11,219

Directors' loan accounts

51,500

58,052

Accrued expenses

1,964

2,133

77,156

83,404

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

12,000

12,000

Bank loans - 2-5 years

35,000

47,000

47,000

59,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

59,000

71,000

The bank loans are secured by fixed charge.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mrs G B Kane decreased her loan to the company. As at 31 May 2026 the company owed her £51,500 (2025: £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.