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Company registration number: 13050849







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2022


MILK MAKEUP UK LIMITED






































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MILK MAKEUP UK LIMITED
 


 
COMPANY INFORMATION


Directors
S Nguyen 
M Alexandre Brousset (appointed 10 August 2022)
H Sebti (appointed 10 August 2022)




Registered number
13050849



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


MILK MAKEUP UK LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 3


 


MILK MAKEUP UK LIMITED
REGISTERED NUMBER:13050849



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
35,426
-

Cash at bank and in hand
  
140,898
210,252

  
176,324
210,252

Creditors: amounts falling due within one year
 5 
(140,279)
(197,483)

Net current assets
  
 
 
36,045
 
 
12,769

Total assets less current liabilities
  
36,045
12,769

  

Net assets
  
36,045
12,769


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
35,945
12,669

  
36,045
12,769


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: 




S Nguyen
Director

Date: 29 September 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


MILK MAKEUP UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Milk Makeup UK Limited is a private company, limited by shares, registered in England & Wales, company registration number 13050849. The registered office is disclosed on the company information page. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 generated by providing sales and marketing services and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 2

 


MILK MAKEUP UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees during the period was 1 (2021 - 1).


4.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
35,426
-

35,426
-



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
16,824
179

Amounts owed to group undertakings
-
46,327

Corporation tax
5,787
9,389

Other taxation and social security
8,959
19,048

Other creditors
2,595
-

Accruals and deferred income
106,114
122,540

140,279
197,483



6.


Controlling party

The parent company is Milk Makeup LLC located at 568 Broadway Ave, Suite 700, New York, United States, 10012.


7.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2022 was unqualified.

The audit report was signed on 29 September 2023 by Robin Hopkins (FCA) (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 3