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REGISTERED NUMBER: 11177047 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

HATCH BEAUTY LIMITED

HATCH BEAUTY LIMITED (REGISTERED NUMBER: 11177047)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HATCH BEAUTY LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr O N Gauci





REGISTERED OFFICE: 27
Old Gloucester Street
London
WC1N 3AX





REGISTERED NUMBER: 11177047 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

HATCH BEAUTY LIMITED (REGISTERED NUMBER: 11177047)

Statement of Financial Position
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 182,884 187,667
Tangible assets 5 5,982 2,894
188,866 190,561

CURRENT ASSETS
Stocks 154,955 446,636
Debtors 6 25,497 6,581
Cash at bank 82,603 129,544
263,055 582,761
CREDITORS
Amounts falling due within one year 7 (328,728 ) (493,378 )
NET CURRENT (LIABILITIES)/ASSETS (65,673 ) 89,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,193

279,944

CREDITORS
Amounts falling due after more than one
year

8

(116,666

)

(166,666

)
NET ASSETS 6,527 113,278

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 (13,621 ) (8,838 )
Retained earnings 11 20,048 122,016
SHAREHOLDERS' FUNDS 6,527 113,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

HATCH BEAUTY LIMITED (REGISTERED NUMBER: 11177047)

Statement of Financial Position - continued
31 JANUARY 2023


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 director and authorised for issue on 22 May 2023 and were signed by:





Mr O N Gauci - Director


HATCH BEAUTY LIMITED (REGISTERED NUMBER: 11177047)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Hatch Beauty 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.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Crypto currencies

The company periodically invests in crypto currencies.

These investments are initially recognised at fair value on the date the contract is entered into and are subsequently re-measured at their fair value. In accordance with IAS 38, revaluation increases and decreases are recognised in other comprehensive income and accumulated in equity as appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HATCH BEAUTY LIMITED (REGISTERED NUMBER: 11177047)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Crypto
currencies
£   
COST OR VALUATION
At 1 February 2022 187,667
Revaluations (4,783 )
At 31 January 2023 182,884
NET BOOK VALUE
At 31 January 2023 182,884
At 31 January 2022 187,667

Cost or valuation at 31 January 2023 is represented by:

Crypto
currencies
£   
Valuation in 2022 (8,838 )
Valuation in 2023 (4,783 )
Cost 196,505
182,884

HATCH BEAUTY LIMITED (REGISTERED NUMBER: 11177047)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2022 3,618 - 3,618
Additions - 4,764 4,764
At 31 January 2023 3,618 4,764 8,382
DEPRECIATION
At 1 February 2022 724 - 724
Charge for year 723 953 1,676
At 31 January 2023 1,447 953 2,400
NET BOOK VALUE
At 31 January 2023 2,171 3,811 5,982
At 31 January 2022 2,894 - 2,894

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Amounts owed by participating interests 500 -
Other debtors 24,997 6,581
25,497 6,581

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 9) 54,743 51,114
Trade creditors 135,501 407,469
Taxation and social security 6,982 5,780
Other creditors 131,502 29,015
328,728 493,378

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 9) 116,666 166,666

HATCH BEAUTY LIMITED (REGISTERED NUMBER: 11177047)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023


9. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,743 1,114
HSBC loan 50,000 50,000
54,743 51,114

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 66,666 116,666

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2022 122,016 (8,838 ) 113,178
Profit for the year 3,249 3,249
Dividends (110,000 ) (110,000 )
Non distributable reserve 4,783 (4,783 ) -
At 31 January 2023 20,048 (13,621 ) 6,427

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £110,000 were paid to the director .

During the year Love Me Beauty Ltd invoiced Hatch Beauty Ltd £20,000 (2022 - NIL ) a company in which Mr O N Gauci is a common director and shareholder.