No.3 Hair and Beauty LLP Filleted Accounts Cover
No.3 Hair and Beauty LLP
Registered No. SO306968
Information for Filing with the Registrar
31 March 2024
No.3 Hair and Beauty LLP Balance Sheet Registrar
at
31 March 2024
Registered No.
SO306968
Notes
2024
2023
£
£
Fixed assets
Tangible assets
5
18,664
18,664
18,664
18,664
Current assets
Debtors
6
2,000
2,000
Cash at bank and in hand
1,474
1,263
3,474
3,263
Creditors: Amounts falling due within one year
7
(1,143)
(1,329)
Net current assets
2,331
1,934
Total assets less current liabilities
20,995
20,598
Net assets attributable to members
20,995
20,598
Represented by:
Members' other interests
Members' capital
14,247
14,247
Other reserves
6,748
6,351
20,995
20,598
20,995
20,598
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the period ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 10 January 2025 and signed on its behalf by:
L.A. Allison
Designated member
10 January 2025
No.3 Hair and Beauty LLP Notes to the Accounts Registrar
for the period ended 31 March 2024
1
General information
No.3 Hair and Beauty LLP is a limited liability partnership and incorporated in Scotland.
Its registered number is: SO306968
Its registered office is:
3 Bank Street
Falkirk
FK1 1NB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Turnover
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers.
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Information in relation to members
2024
2023
Number
Number
The average number of members during the period :
2
2
4
Employees
2024
2023
Number
Number
The average number of persons employed during the period was:
1
1
5
Tangible fixed assets
Land and buildings
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 July 2023
13,4985,16618,664
At 31 March 2024
13,4985,16618,664
Depreciation
Net book values
At 31 March 2024
13,4985,16618,664
At 30 June 2023
13,498
5,166
18,664
6
Debtors
2024
2023
£
£
Other debtors
2,0002,000
2,0002,000
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
--
Other loans
-417
Other taxes and social security
14-
Accruals and deferred income
1,129912
1,1431,329
No.3 Hair and Beauty LLPSO30696831 March 202401 July 2023false10 January 2025BTCSoftware AP Solution 2024 11.2.0111.2.01SO3069682023-07-012024-03-31SO3069682024-03-31SO306968countries:UnitedKingdom2023-07-012024-03-31SO306968bus:RegisteredOffice2023-07-012024-03-31SO3069682022-07-012023-06-30SO306968core:LandBuildings2023-07-01SO306968core:FurnitureFittingsToolsEquipment2023-07-01SO3069682023-07-01SO306968core:LandBuildings2024-03-31SO306968core:FurnitureFittingsToolsEquipment2024-03-31SO306968core:LandBuildings2023-06-30SO306968core:FurnitureFittingsToolsEquipment2023-06-30SO3069682023-06-30SO306968core:WithinOneYear2024-03-31SO306968core:WithinOneYear2023-06-30SO306968bus:SmallEntities2023-07-012024-03-31SO306968bus:FullAccounts2023-07-012024-03-31SO306968bus:AuditExempt-NoAccountantsReport2023-07-012024-03-31SO306968bus:PartnerLLP12023-07-012024-03-31SO306968bus:LimitedLiabilityPartnershipLLP2023-07-012024-03-31xbrli:pureiso4217:GBP