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REGISTERED NUMBER: OC416086 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

SCANDINAVIAN SKINCARE SYSTEMS LLP

SCANDINAVIAN SKINCARE SYSTEMS LLP (REGISTERED NUMBER: OC416086)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SCANDINAVIAN SKINCARE SYSTEMS LLP

GENERAL INFORMATION
for the Year Ended 31 August 2023







DESIGNATED MEMBERS: P Olavesen-Stabb
Mrs M Olavesen-Stabb





REGISTERED OFFICE: 58 High Street
BROADWAY
WR12 7DT





REGISTERED NUMBER: OC416086 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Payton House
Guild Street
Stratford-upon-Avon
Warwickshire
CV37 6RP

SCANDINAVIAN SKINCARE SYSTEMS LLP (REGISTERED NUMBER: OC416086)

STATEMENT OF FINANCIAL POSITION
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,030 2,030

CURRENT ASSETS
Stocks 11,983 11,983
Debtors 5 20,243 20,243
Cash at bank 4,088 4,088
36,314 36,314
CREDITORS
Amounts falling due within one year 6 38,116 38,116
NET CURRENT LIABILITIES (1,802 ) (1,802 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

228

228

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

228

228

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 228 228
Amounts due from members 5 (1,725 ) (1,725 )
(1,497 ) (1,497 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 August 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

SCANDINAVIAN SKINCARE SYSTEMS LLP (REGISTERED NUMBER: OC416086)

STATEMENT OF FINANCIAL POSITION - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 October 2023 and were signed by:





P Olavesen-Stabb - Designated member

SCANDINAVIAN SKINCARE SYSTEMS LLP (REGISTERED NUMBER: OC416086)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Scandinavian Skincare Systems LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

3. EMPLOYEE INFORMATION

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 2,538
AMORTISATION
At 1 September 2022
and 31 August 2023 508
NET BOOK VALUE
At 31 August 2023 2,030
At 31 August 2022 2,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,240 12,240
Other debtors 8,003 8,003
20,243 20,243

SCANDINAVIAN SKINCARE SYSTEMS LLP (REGISTERED NUMBER: OC416086)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,845 29,845
Other creditors 8,271 8,271
38,116 38,116

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Olavesen-Stabb.