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REGISTERED NUMBER: OC416086 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2023 TO 31 MARCH 2024

FOR

SCANDINAVIAN SKINCARE SYSTEMS LLP

SCANDINAVIAN SKINCARE SYSTEMS LLP (REGISTERED NUMBER: OC416086)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 September 2023 to 31 March 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SCANDINAVIAN SKINCARE SYSTEMS LLP

GENERAL INFORMATION
for the Period 1 September 2023 to 31 March 2024







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 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,030 2,030

CURRENT ASSETS
Stocks - 11,983
Debtors 5 - 20,243
Cash at bank 3 4,088
3 36,314
CREDITORS
Amounts falling due within one year 6 - 38,116
NET CURRENT ASSETS/(LIABILITIES) 3 (1,802 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,033

228

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

2,033

228

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 2,033 228
Amounts due from members 5 - (1,725 )
2,033 (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 period ended 31 March 2024.

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 March 2024


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 23 October 2024 and were signed by:





P Olavesen-Stabb - Designated member

SCANDINAVIAN SKINCARE SYSTEMS LLP (REGISTERED NUMBER: OC416086)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 September 2023 to 31 March 2024


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 period was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 March 2024 2,538
AMORTISATION
At 1 September 2023
and 31 March 2024 508
NET BOOK VALUE
At 31 March 2024 2,030
At 31 August 2023 2,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 12,240
Other debtors - 8,003
- 20,243

SCANDINAVIAN SKINCARE SYSTEMS LLP (REGISTERED NUMBER: OC416086)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 29,845
Other creditors - 8,271
- 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.