Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-072024-01-01false2Hairdressing and other beauty treatment2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10199207 2024-01-01 2024-12-31 10199207 2023-01-01 2023-12-31 10199207 2024-12-31 10199207 2023-12-31 10199207 c:Director3 2024-01-01 2024-12-31 10199207 c:Director4 2024-01-01 2024-12-31 10199207 c:RegisteredOffice 2024-01-01 2024-12-31 10199207 d:CurrentFinancialInstruments 2024-12-31 10199207 d:CurrentFinancialInstruments 2023-12-31 10199207 d:Non-currentFinancialInstruments 2024-12-31 10199207 d:Non-currentFinancialInstruments 2023-12-31 10199207 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10199207 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10199207 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 10199207 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10199207 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 10199207 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 10199207 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 10199207 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 10199207 d:ShareCapital 2024-12-31 10199207 d:ShareCapital 2023-12-31 10199207 d:RetainedEarningsAccumulatedLosses 2024-12-31 10199207 d:RetainedEarningsAccumulatedLosses 2023-12-31 10199207 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-01-01 2024-12-31 10199207 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 10199207 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 10199207 c:OrdinaryShareClass1 2024-01-01 2024-12-31 10199207 c:OrdinaryShareClass1 2024-12-31 10199207 c:OrdinaryShareClass1 2023-12-31 10199207 c:FRS102 2024-01-01 2024-12-31 10199207 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10199207 c:FullAccounts 2024-01-01 2024-12-31 10199207 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10199207 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 10199207












DAFNI HAIR PRODUCTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 

DAFNI HAIR PRODUCTS LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 9


 

DAFNI HAIR PRODUCTS LIMITED
 
COMPANY INFORMATION


Directors
O Guy 
J Guy 




Registered number
10199207



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:10199207
DAFNI HAIR PRODUCTS LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,781
1,373

Cash at bank and in hand
  
33,550
32,688

  
37,331
34,061

Creditors: amounts falling due within one year
 5 
(100,797)
(90,533)

Net current liabilities
  
 
 
(63,466)
 
 
(56,472)

Creditors: amounts falling due after more than one year
 6 
(5,015)
(15,134)

Provisions for liabilities
  

Other provisions
 8 
(437)
(599)

  
 
 
(437)
 
 
(599)

Net liabilities
  
(68,918)
(72,205)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(69,018)
(72,305)

Net deficit
  
(68,918)
(72,205)


Page 2


 
REGISTERED NUMBER:10199207
DAFNI HAIR PRODUCTS LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




O Guy
Director

Date: 7 May 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 

DAFNI HAIR PRODUCTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Dafni Hair Products Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The directors consider this basis to be appropriate as the company has received a letter of financial support from its parent company.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.


2.4

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Page 4

 

DAFNI HAIR PRODUCTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)





Financial instruments (continued)

Financial assets
Basic financial assets, including trade and other debtors, bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets 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. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 5

 

DAFNI HAIR PRODUCTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
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.

 
2.5

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Sterling (£).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.7

Share capital

Ordinary shares are classified as equity.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 

DAFNI HAIR PRODUCTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Current and deferred tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including director, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£

Trade debtors
3,781
1,373



5.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
10,650
10,648

Trade creditors
900
3,600

Amounts owed to group undertakings
84,039
71,801

Corporation tax
-
465

Other taxation and social security
780
769

Accruals
4,428
3,250

100,797
90,533


Page 7

 

DAFNI HAIR PRODUCTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,015
15,134


The bank loan is guaranteed by the UK Government under the Bounce Back Loan Scheme Guarantee.
Interest accrues on the bank loan at 2.5 % per annum.


7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,650
10,648

Amounts falling due 1-2 years

Bank loans
5,015
10,648

Amounts falling due 2-5 years

Bank loans
-
4,486


15,665
25,782



8.


Provisions





Warranty provision

£





At 1 January 2024
599


Credited to profit or loss
(162)



At 31 December 2024
437


9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £0.10 each
100
100


Page 8

 

DAFNI HAIR PRODUCTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Controlling party

The immediate and ultimate parent undertaking is Dafni Hair Products Limited, a company incorporated and registered in Israel. The registered office of Dafni Hair Products Limited is, Zarhin st 10, building A, Raanana 4366238, Israel. Consolidated accounts are not prepared.

 
Page 9