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REGISTERED NUMBER: 11848849 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

NINY BEAUTY LIMITED

NINY BEAUTY LIMITED (REGISTERED NUMBER: 11848849)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NINY BEAUTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Niny Johana Almazo Salcedo
Pierre Georges Pourquery





REGISTERED OFFICE: 130 East End Road
London
N2 0RZ





REGISTERED NUMBER: 11848849 (England and Wales)





ACCOUNTANTS: Stan Lee Accountancy Ltd (T/A: The Stan Lee)
Chartered Certified Accountants
40 Bank Street, 18th Floor
Canary Wharf
London
E14 5NR

NINY BEAUTY LIMITED (REGISTERED NUMBER: 11848849)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,660 14,761

CURRENT ASSETS
Stocks 5 5,210 7,250
Debtors 6 6,500 6,500
Prepayments and accrued income 1,083 1,083
Cash at bank and in hand 5,235 3,579
18,028 18,412
CREDITORS
Amounts falling due within one year 7 14,267 18,803
NET CURRENT ASSETS/(LIABILITIES) 3,761 (391 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,421

14,370

CREDITORS
Amounts falling due after more than
one year

8

9,000

13,000
NET ASSETS 8,421 1,370

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 8,321 1,270
SHAREHOLDERS' FUNDS 8,421 1,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

NINY BEAUTY LIMITED (REGISTERED NUMBER: 11848849)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Pierre Georges Pourquery - Director


NINY BEAUTY LIMITED (REGISTERED NUMBER: 11848849)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Niny 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company’s principal activities.

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 period of the lease
Improvements to property - No depreciation
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 Statement of Income 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.


NINY BEAUTY LIMITED (REGISTERED NUMBER: 11848849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
No material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern have been indentified by the directors.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

NINY BEAUTY LIMITED (REGISTERED NUMBER: 11848849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 March 2022 1,299 7,685 2,171
Additions - - 133
At 28 February 2023 1,299 7,685 2,304
DEPRECIATION
At 1 March 2022 628 - 633
Charge for year 260 - 243
At 28 February 2023 888 - 876
NET BOOK VALUE
At 28 February 2023 411 7,685 1,428
At 28 February 2022 671 7,685 1,538

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 7,346 579 19,080
Additions - - 133
At 28 February 2023 7,346 579 19,213
DEPRECIATION
At 1 March 2022 2,835 223 4,319
Charge for year 677 54 1,234
At 28 February 2023 3,512 277 5,553
NET BOOK VALUE
At 28 February 2023 3,834 302 13,660
At 28 February 2022 4,511 356 14,761

5. STOCKS
2023 2022
£    £   
Stocks 5,210 7,250

NINY BEAUTY LIMITED (REGISTERED NUMBER: 11848849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,500 6,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 4,000 4,000
Social security and other taxes 72 1,150
Other creditors 3,778 5,329
Net wages 1,200 1,200
Directors' current accounts 4,317 6,524
Accrued expenses 900 600
14,267 18,803

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 9,000 13,000

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - BBL 4,000 4,000

Amounts falling due between two and five years:
Bounce Back Loan 9,000 13,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

NINY BEAUTY LIMITED (REGISTERED NUMBER: 11848849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

11. RESERVES
Retained
earnings
£   

At 1 March 2022 1,270
Profit for the year 7,051
At 28 February 2023 8,321

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the current and previous years, the Company was under the control of its director, Ms N J A Salcedo by the virtue of her majority ownership of the entire issued share capital of the Company.

At the balance sheet date, the Company owed its directors £4,317 (2022 : £6,524). The loan carries no interest and is repayable in full at short notice on demand.