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REGISTERED NUMBER: 01868008 (England and Wales)















RUPERT HAIRDRESSING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RUPERT HAIRDRESSING LIMITED (REGISTERED NUMBER: 01868008)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Abridged Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


RUPERT HAIRDRESSING LIMITED (REGISTERED NUMBER: 01868008)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,702 3,934
Investment property 5 1,433,334 1,364,119
1,438,036 1,368,053

CURRENT ASSETS
Debtors 6 101,256 106,926
Prepayments and accrued income 1,800 -
Cash at bank 91,763 87,516
194,819 194,442
CREDITORS
Amounts falling due within one year (214,984 ) (224,136 )
NET CURRENT LIABILITIES (20,165 ) (29,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,417,871

1,338,359

PROVISIONS FOR LIABILITIES (86,528 ) (76,897 )
NET ASSETS 1,331,343 1,261,462

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 485,794 430,342
Retained earnings 845,449 831,020
SHAREHOLDERS' FUNDS 1,331,343 1,261,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RUPERT HAIRDRESSING LIMITED (REGISTERED NUMBER: 01868008)

ABRIDGED BALANCE SHEET - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





Mr R D Scargill - Director


RUPERT HAIRDRESSING LIMITED (REGISTERED NUMBER: 01868008)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Rupert Hairdressing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01868008

Registered office: 89 Dale Road
Matlock
Derbyshire
DE4 3LU

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.

The financial statements have been prepared on the going concern basis. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

RUPERT HAIRDRESSING LIMITED (REGISTERED NUMBER: 01868008)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 27,615
Additions 1,821
At 31 March 2024 29,436
DEPRECIATION
At 1 April 2023 23,681
Charge for year 1,053
At 31 March 2024 24,734
NET BOOK VALUE
At 31 March 2024 4,702
At 31 March 2023 3,934

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,364,119
Additions 4,325
Revaluations 64,890
At 31 March 2024 1,433,334
NET BOOK VALUE
At 31 March 2024 1,433,334
At 31 March 2023 1,364,119

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 571,147
Cost 862,187
1,433,334

RUPERT HAIRDRESSING LIMITED (REGISTERED NUMBER: 01868008)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 862,187 857,862

Investment properties were valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 100,000 100,000

7. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.