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REGISTERED NUMBER: 13342475 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gatineau Beauty Ltd

Gatineau Beauty Ltd (Registered number: 13342475)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Gatineau Beauty Ltd

Company Information
for the Year Ended 31 December 2023







Directors: A J Bagley
B C Tubb





Secretary: B C Tubb





Registered office: 57 Victoria Street
Windsor
SL4 1EH





Registered number: 13342475 (England and Wales)





Accountants: Freeman Carr
Chartered Certified Accountants
The Gatehouse
2 Devonhurst Place
Heathfield Terrace
Chiswick
London
W4 4JD

Gatineau Beauty Ltd (Registered number: 13342475)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 3,752,985 2,522,580

Current assets
Debtors 5 848,792 461,918
Cash at bank 10,595 -
859,387 461,918
Creditors
Amounts falling due within one year 6 402,958 255,716
Net current assets 456,429 206,202
Total assets less current liabilities 4,209,414 2,728,782

Creditors
Amounts falling due after more than one
year

7

(1,578,299

)

(1,357,028

)

Provisions for liabilities (632,362 ) -
Net assets 1,998,753 1,371,754

Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 1,897,089 1,289,444
Retained earnings 101,564 82,210
1,998,753 1,371,754

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

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

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 12 August 2024 and were signed on its behalf by:





A J Bagley - Director


Gatineau Beauty Ltd (Registered number: 13342475)

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

1. Statutory information

Gatineau Beauty 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 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
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at fair value at regular intervals less any accumulated amortisation and any accumulated impairment losses.

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

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like cash and bank balances, trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

3. Employees and directors

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

Gatineau Beauty Ltd (Registered number: 13342475)

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

4. Intangible fixed assets
Other
intangible
assets
£
Cost or valuation
At 1 January 2023 2,757,731
Additions 126,346
Revaluations 1,285,906
At 31 December 2023 4,169,983
Amortisation
At 1 January 2023 235,151
Charge for year 416,998
Revaluation adjustments (235,151 )
At 31 December 2023 416,998
Net book value
At 31 December 2023 3,752,985
At 31 December 2022 2,522,580

Cost or valuation at 31 December 2023 is represented by:

Other
intangible
assets
£
Valuation in 2021 1,524,593
Valuation in 2023 1,285,906
Cost 1,359,484
4,169,983

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 848,792 461,414
Other debtors - 504
848,792 461,918

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 50,107 34,783
Amounts owed to group undertakings 299,042 138,314
Taxation and social security 48,053 77,220
Other creditors 5,756 5,399
402,958 255,716

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Amounts owed to group undertakings 812,221 445,037
Other creditors 766,078 911,991
1,578,299 1,357,028

Gatineau Beauty Ltd (Registered number: 13342475)

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

8. Reserves
Revaluation
reserve
£
At 1 January 2023 1,289,444
Amortisation and Deferred tax 607,645

At 31 December 2023 1,897,089

9. Related party disclosures

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 the parent company and wholly owned subsidiaries within the group.

10. Ultimate controlling party

The controlling party is Lived Holdings Ltd.

The ultimate controlling party is A J Bagley.