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REGISTERED NUMBER: 10984629 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LIMELIFE BY ALCONE (UK) LTD

LIMELIFE BY ALCONE (UK) LTD (REGISTERED NUMBER: 10984629)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIMELIFE BY ALCONE (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr P Beaudout
Mr L Billion



REGISTERED OFFICE: 2nd Floor, 55 Ludgate Hill
London
EC4M 7JW



REGISTERED NUMBER: 10984629 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Mark Harrison BA FCA



AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU

LIMELIFE BY ALCONE (UK) LTD (REGISTERED NUMBER: 10984629)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 118,234 208,136
Debtors 5 606,081 387,611
Cash at bank 225,383 122,644
949,698 718,391
CREDITORS
Amounts falling due within one year 6 2,141,924 1,857,557
NET CURRENT LIABILITIES (1,192,226 ) (1,139,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,192,226

)

(1,139,166

)

CAPITAL AND RESERVES
Called up share capital 300,880 300,880
Retained earnings (1,493,106 ) (1,440,046 )
(1,192,226 ) (1,139,166 )

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 18 October 2023 and were signed on its behalf by:





Mr P Beaudout - Director


LIMELIFE BY ALCONE (UK) LTD (REGISTERED NUMBER: 10984629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Limelife By Alcone (Uk) 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.

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

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% 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.

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.


LIMELIFE BY ALCONE (UK) LTD (REGISTERED NUMBER: 10984629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
During the year ended 31 March 2023, the company incurred a loss for the year of £53,060 and had net current liabilities at that date of £1,192,226.

The director considers the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and the anticipated cash flows, availability of support from the company's ultimate parent undertaking (including that undertaking and the company's fellow group undertakings not requesting repayment of any amounts owed to them by the company whilst any other creditors of the company remain unpaid, except to the extent that the company is able to discharge all its debts and liabilities as they fall due) and other mitigating actions that can be taken during that period.

The company has a material uncertainty in relation to its going concern status as a result of its reliance on the support of its parent undertaking. Whilst a letter of support has been received from the company's ultimate parent undertaking, there can be no certainty that the support will continue to be available for the foreseeable future.

The financial statements do not reflect any adjustments that would be necessary should the going concern basis not be appropriate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment.

LIMELIFE BY ALCONE (UK) LTD (REGISTERED NUMBER: 10984629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 5,705
DEPRECIATION
At 1 April 2022
and 31 March 2023 5,705
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 23,349 28,794
Amounts owed by group undertakings 461,837 246,819
Other debtors 6,660 4,102
491,846 279,715

Amounts falling due after more than one year:
Other debtors 114,235 107,896

Aggregate amounts 606,081 387,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 148,548 22,101
Amounts owed to group undertakings 1,949,987 1,789,589
Taxation and social security 12,665 8,056
Other creditors 30,724 37,811
2,141,924 1,857,557

LIMELIFE BY ALCONE (UK) LTD (REGISTERED NUMBER: 10984629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The auditor's report on the financial statements for the year ended 31 March 2023 was unqualified.

In their report, the auditor emphasised the following matter without qualifying their report:

The report included a material uncertainty relating to going concern paragraph, that drew the reader's attention to note 2 in the financial statements.

The audit report was signed on 22 October 2023 by Mr Mark Harrison BA FCA (Senior statutory auditor) on behalf of Mark J Rees LLP Chartered Accountants.

8. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is LimeLife Co-Invest Sarl, a company incorporated in Luxembourg.

The company's ultimate parent undertaking is L'Occitane International S.A. ("LOC"), a company incorporated in Luxembourg.

LOC prepares consolidated financial statements that are publicly available from its registered office: 49 Boulevard du Prince Henri, L-1 724, 75009 Luxembourg and are the largest group in which the company's financial statements are consolidated.