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REGISTERED NUMBER: 12335801 (England and Wales)



















SAVILLS BY LUISA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024






SAVILLS BY LUISA LTD (REGISTERED NUMBER: 12335801)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


SAVILLS BY LUISA LTD (REGISTERED NUMBER: 12335801)

BALANCE SHEET
31 MAY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,618

CURRENT ASSETS
Debtors 5 28,495 11,276
Cash at bank - 8,627
28,495 19,903
CREDITORS
Amounts falling due within one year 6 8,575 9,532
NET CURRENT ASSETS 19,920 10,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,920

14,989

CREDITORS
Amounts falling due after more than one year 7 - (15,070 )

PROVISIONS FOR LIABILITIES - (877 )
NET ASSETS/(LIABILITIES) 19,920 (958 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,919 (959 )
SHAREHOLDERS' FUNDS 19,920 (958 )

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

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

The director acknowledges her 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.

SAVILLS BY LUISA LTD (REGISTERED NUMBER: 12335801)

BALANCE SHEET - continued
31 MAY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2024 and were signed by:





Mrs L Graziano - Director


SAVILLS BY LUISA LTD (REGISTERED NUMBER: 12335801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024

1. STATUTORY INFORMATION

Savills By Luisa Ltd 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: 12335801

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

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


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.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from hairdressing services and is recognised when the customer has received the benefit of the service. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

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 reducing balance

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related 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 the Profit and Loss Account.

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.

SAVILLS BY LUISA LTD (REGISTERED NUMBER: 12335801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

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 period was 3 (2022 - 1 ) .

SAVILLS BY LUISA LTD (REGISTERED NUMBER: 12335801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022 7,315
Disposals (7,315 )
At 31 May 2024 -
DEPRECIATION
At 1 December 2022 2,697
Eliminated on disposal (2,697 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 30 November 2022 4,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors - 1,276
Other debtors 28,495 10,000
28,495 11,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 39 1,437
Trade creditors - 22
Taxation and social security 5,777 5,396
Other creditors 2,759 2,677
8,575 9,532

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Bank loans - 15,070

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,949

SAVILLS BY LUISA LTD (REGISTERED NUMBER: 12335801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2024 and the year ended 30 November 2022:

2024 2022
£    £   
Mrs L Graziano
Balance outstanding at start of period (829 ) (9,433 )
Amounts advanced 72,280 47,904
Amounts repaid (52,956 ) (39,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 18,495 (829 )

During the period, interest has been charged on the loans at the HMRC official rate of interest totalling £546.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the director owed the company £18,495 (2022 - £829 was owed to the director).