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REGISTERED NUMBER: 12013911 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Hairea 51 Ltd

Hairea 51 Ltd (Registered number: 12013911)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hairea 51 Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Miss C E Graham
Mr S G Withers





REGISTERED OFFICE: 31 Heather Close
Branston
Burton-On-Trent
DE14 3FL





REGISTERED NUMBER: 12013911 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Hairea 51 Ltd (Registered number: 12013911)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,987 23,830

CURRENT ASSETS
Stocks 2,369 1,554
Debtors 5 18,253 835
Cash at bank and in hand 14,727 18,695
35,349 21,084
CREDITORS
Amounts falling due within one year 6 7,024 9,684
NET CURRENT ASSETS 28,325 11,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,312

35,230

CREDITORS
Amounts falling due after more than one
year

7

(844

)

(1,710

)

PROVISIONS FOR LIABILITIES (618 ) (205 )
NET ASSETS 51,850 33,315

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 51,848 33,313
SHAREHOLDERS' FUNDS 51,850 33,315

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Hairea 51 Ltd (Registered number: 12013911)

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 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 10 February 2025 and were signed on its behalf by:




Miss C E Graham - Director



Mr S G Withers - Director


Hairea 51 Ltd (Registered number: 12013911)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Hairea 51 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.

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.
Improvements to property - 2% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 20% on cost

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

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.

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 2 (2023 - 2 ) .

Hairea 51 Ltd (Registered number: 12013911)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 24,796 4,783 569 30,148
Additions - 1,508 1,407 2,915
At 31 May 2024 24,796 6,291 1,976 33,063
DEPRECIATION
At 1 June 2023 1,785 4,419 114 6,318
Charge for year 496 867 395 1,758
At 31 May 2024 2,281 5,286 509 8,076
NET BOOK VALUE
At 31 May 2024 22,515 1,005 1,467 24,987
At 31 May 2023 23,011 364 455 23,830

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 17,985 588
Prepayments 268 247
18,253 835

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 889 889
Trade creditors 9 -
Tax 4,626 4,681
Directors' current accounts - 2,434
Accruals and deferred income 1,500 1,680
7,024 9,684

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 844 911
Bank loans - 2-5 years - 799
844 1,710

Hairea 51 Ltd (Registered number: 12013911)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr S G Withers
Balance outstanding at start of year 588 (4,668 )
Amounts advanced 22,615 20,085
Amounts repaid (14,136 ) (14,829 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,067 588

Miss C E Graham
Balance outstanding at start of year (2,434 ) (6,878 )
Amounts advanced 25,388 19,271
Amounts repaid (14,036 ) (14,827 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,918 (2,434 )

The director's loan account balances have been charged interest at a rate of 2.25% per annum.

The director's loan accounts were repaid within nine months of the year end.