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REGISTERED NUMBER: 07407989 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

DAMIAN HIGGINS HAIRDRESSING (MAYFAIR)
LIMITED

DAMIAN HIGGINS HAIRDRESSING (MAYFAIR)
LIMITED (REGISTERED NUMBER: 07407989)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAMIAN HIGGINS HAIRDRESSING (MAYFAIR)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: D A S Higgins





REGISTERED OFFICE: 58 Paddington Street
Second Floor
London
W1U 4JD





REGISTERED NUMBER: 07407989 (England and Wales)





ACCOUNTANTS: Barrow LLP
Chartered Accountants
Jackson House
Station Road
Chingford
London
E4 7BU

DAMIAN HIGGINS HAIRDRESSING (MAYFAIR)
LIMITED (REGISTERED NUMBER: 07407989)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 21,101 25,313

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 4,771 7,412
Cash at bank 10,245 8,792
16,516 17,704
CREDITORS
Amounts falling due within one year 7 18,172 15,784
NET CURRENT (LIABILITIES)/ASSETS (1,656 ) 1,920
TOTAL ASSETS LESS CURRENT LIABILITIES 19,445 27,233

CREDITORS
Amounts falling due after more than one year 8 (11,667 ) (16,667 )

PROVISIONS FOR LIABILITIES (4,009 ) (1,853 )
NET ASSETS 3,769 8,713

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,669 8,613
SHAREHOLDERS' FUNDS 3,769 8,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

DAMIAN HIGGINS HAIRDRESSING (MAYFAIR)
LIMITED (REGISTERED NUMBER: 07407989)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





D A S Higgins - Director


DAMIAN HIGGINS HAIRDRESSING (MAYFAIR)
LIMITED (REGISTERED NUMBER: 07407989)

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

1. STATUTORY INFORMATION

Damian Higgins Hairdressing (Mayfair) Limited 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable excluding value added tax. Turnover is recognised when services have been provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the term of the lease
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Salon fixtures and equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


DAMIAN HIGGINS HAIRDRESSING (MAYFAIR)
LIMITED (REGISTERED NUMBER: 07407989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Salon
Improvements fixtures
Short to Plant and and
leasehold property machinery equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 12,420 7,282 216 24,700 44,618
Additions - - - 2,229 2,229
At 31 December 2022 12,420 7,282 216 26,929 46,847
DEPRECIATION
At 1 January 2022 2,914 1,226 216 14,949 19,305
Charge for year 2,484 1,456 - 2,501 6,441
At 31 December 2022 5,398 2,682 216 17,450 25,746
NET BOOK VALUE
At 31 December 2022 7,022 4,600 - 9,479 21,101
At 31 December 2021 9,506 6,056 - 9,751 25,313

6. DEBTORS
31.12.22 31.12.21
£    £   
Amounts falling due within one year:
Other debtors 4,771 4,764

DAMIAN HIGGINS HAIRDRESSING (MAYFAIR)
LIMITED (REGISTERED NUMBER: 07407989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. DEBTORS - continued
31.12.22 31.12.21
£    £   
Amounts falling due after more than one year:
Other debtors - 2,648

Aggregate amounts 4,771 7,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 6,549 5,000
Trade creditors 2,880 382
Taxation and social security 6,232 7,365
Other creditors 2,511 3,037
18,172 15,784

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 11,667 16,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
D A S Higgins
Balance outstanding at start of year - 7,959
Amounts repaid - (7,959 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -