ACCOUNTS - Final Accounts preparation

Warp & Weft Group Ltd

Registered number: 16019317

Information for filing with
The Registrar

For the period ended 31 October 2025

16019317

31 October 2025

WARP & WEFT GROUP LTD

REGISTERED NUMBER: 16019317

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2025

		2025
Note		£

Fixed assets
Investments	5		5,000,000
			5,000,000
Current assets
Cash at bank and in hand	6	1
		1
Creditors: amounts falling due within one year	7	(6,056)
Net current (liabilities)/assets			(6,055)
Total assets less current liabilities			4,993,945

Net assets			4,993,945

Capital and reserves
Called up share capital	8	1
Profit and loss account	9	4,993,944
		4,993,945

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16019317

31 October 2025

WARP & WEFT GROUP LTD

REGISTERED NUMBER: 16019317

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 OCTOBER 2025

The director considers 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 director acknowledges his 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 comprehensive income 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:

N Shah

Director

Date: 13 October 2026

The notes on pages 3 to 7 form part of these financial statements.

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16019317

31 October 2025

WARP & WEFT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

1.	General information

Warp & Weft Group Ltd is a private company, limited by shares and registered in England and Wales, registered number 16019317. The Company's registered address is Etherow House, Etherow Industrial Estate, Woolley Bridge Road, Hadfield, Glossop, Derbyshire, United Kingdom, SK13 2NS. The principal activity is that of a holding company.
The functional currency of the Company is Pounds Sterling (£) as this is the currency of the primary economic environment in which the Company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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

Going concern

The director believes the Company will continue as a going concern. The Company acts as a holding company and is expected to continue in that capacity for the foreseeable future. The period to which the director has paid particular attention in assessing the appropriateness of the going concern basis is not less than twelve months from the date of approval of the financial statements.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.4

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.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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16019317

31 October 2025

WARP & WEFT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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16019317

31 October 2025

WARP & WEFT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.6

Financial instruments (continued)

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

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16019317

31 October 2025

WARP & WEFT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Critical judgments in applying the Company's accounting policies
The critical judgments that the director has made in the process of applying the Company's accounting policies that have the most significant effect on the statutory financial statements are discussed below.
Key sources of estimation uncertainty
The estimates and assumptions which could result in a material adjustment to the carrying amount of assets and liabilities are as follows.
Carrying value of investments
In assessing whether there have been any indicators of impairment in investments, the director has considered historic experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There were no indicators of impairments identified during the current financial period.

Employees

The average monthly number of employees, including directors, during the period was 1.

5.	Fixed asset investments

		Other fixed asset investments
		£
	Cost
	Additions	5,000,000
	At 31 October 2025	5,000,000

The Company holds an investment in Flair Flooring Group Limited comprising 3,000 Ordinary B shares and 33,000 preference shares, carried at cost of £5,000,000. The investment does not provide the company with control of Flair Flooring Group Limited and is therefore not accounted for as a subsidiary undertaking.

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	1

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16019317

31 October 2025

WARP & WEFT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

7.	Creditors: Amounts falling due within one year
		2025
		£

	Accruals and deferred income	6,056

8.	Share capital
		2025
		£

		Allotted, called up and fully paid

		94 Ordinary A shares of £0.01 each	0.94
		1 Ordinary B share of £0.01 each	0.01
		1 Ordinary C share of £0.01 each	0.01
		1 Ordinary D share of £0.01 each	0.01
		1 Ordinary E share of £0.01 each	0.01
		1 Ordinary F share of £0.01 each	0.01
		1 Ordinary G share of £0.01 each	0.01

			1.00

The Ordinary A shares carry voting rights; all other classes (Ordinary B to G shares) are non-voting and have subordinate rights to distributions and capital.

Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.

10.	Related party transactions
	The Company has taken advantage of the exemption conferred by FRS 102 paragraph 33.1A and has not disclosed transactions and outstanding balances with its fellow subsidiary undertakings or its parent company on the basis that all relevant companies are directly or indirectly wholly owned.

11.	Controlling party

The Company is controlled by N Shah by virtue of his majority shareholding.

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