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REGISTERED NUMBER: 06962164 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

London Skin And Hair Clinic Ltd

London Skin And Hair Clinic Ltd (Registered number: 06962164)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Skin And Hair Clinic Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr B Ballardin
Dr M S Wade





REGISTERED OFFICE: 233 High Holborn
London
WC1V 7DN





REGISTERED NUMBER: 06962164 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

London Skin And Hair Clinic Ltd (Registered number: 06962164)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £
FIXED ASSETS
Tangible assets 4 319,053 233,931

CURRENT ASSETS
Debtors 5 418,586 266,955
Cash at bank 364,306 528,730
782,892 795,685
CREDITORS
Amounts falling due within one year 6 (473,612 ) (414,430 )
NET CURRENT ASSETS 309,280 381,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,333

615,186

CREDITORS
Amounts falling due after more than one
year

7

(27,394

)

(47,773

)

PROVISIONS FOR LIABILITIES (67,207 ) (30,330 )
NET ASSETS 533,732 537,083

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 533,632 536,983
SHAREHOLDERS' FUNDS 533,732 537,083

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

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

London Skin And Hair Clinic Ltd (Registered number: 06962164)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Dr M S Wade - Director


London Skin And Hair Clinic Ltd (Registered number: 06962164)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

London Skin And Hair Clinic Ltd 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.

TURNOVER
Turnover represents the profit share receivable from the company's active investment. Profit share is recognised on an annual arising basis.

Additionally turnover is derived from medical dermatological services net of VAT. Dermatological services income is invoiced on consultation and recognised at that point. Rental incomes are recognised as invoiced, monthly.

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 - Straight line basis over useful lives
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 17 ) .

London Skin And Hair Clinic Ltd (Registered number: 06962164)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 April 2022 140,414 299,632 50,493
Additions - 164,366 1,531
At 31 March 2023 140,414 463,998 52,024
DEPRECIATION
At 1 April 2022 84,803 196,891 33,072
Charge for year 17,591 45,458 8,750
At 31 March 2023 102,394 242,349 41,822
NET BOOK VALUE
At 31 March 2023 38,020 221,649 10,202
At 31 March 2022 55,611 102,741 17,421

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2022 55,095 18,571 564,205
Additions - 10,766 176,663
At 31 March 2023 55,095 29,337 740,868
DEPRECIATION
At 1 April 2022 4,591 10,917 330,274
Charge for year 13,774 5,968 91,541
At 31 March 2023 18,365 16,885 421,815
NET BOOK VALUE
At 31 March 2023 36,730 12,452 319,053
At 31 March 2022 50,504 7,654 233,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 121,962 94,986
Other debtors 296,624 171,969
418,586 266,955

London Skin And Hair Clinic Ltd (Registered number: 06962164)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Bank loans and overdrafts 19,660 18,941
Trade creditors 179,324 93,239
Taxation and social security 48,819 101,843
Other creditors 225,809 200,407
473,612 414,430

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£ £
Bank loans 27,394 47,773

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£ £
In more than five years 1,965,417 2,187,917

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £ £
100 Ordinary £1.00 100 100

10. RESERVES
Retained
earnings
£

At 1 April 2022 536,983
Profit for the year 279,849
Dividends (283,200 )
At 31 March 2023 533,632

11. RELATED PARTY DISCLOSURES

The company is a member of London Skin & Hair Clinic (W1) LLP, an entity in which both of the directors are also members. The Company's profit share for the year to 31 March 2023 is £nil (2022 - £nil) and the company charged rent fees of £nil (2022 - £nil) to London Skin & Hair Clinic (W1) LLP.

At the year end the company owed £35,998 (2022 - £35,024) to Mr B Ballardin, a director of the company.

At the year end the company owed £36,922 (2022 - £4,260) to Dr M S Wade, a director of the company.