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REGISTERED NUMBER: SC484925 (Scotland)




















Bigbang Hair Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024






Bigbang Hair Ltd (Registered number: SC484925)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bigbang Hair Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr J Black



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Lothian
EH3 6AT



REGISTERED NUMBER: SC484925 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
The Direct Business Bank
PO BOX 17235
Edinburgh
EH11 1YH

Bigbang Hair Ltd (Registered number: SC484925)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 100 100
Investment property 6 429,127 429,127
429,227 429,227

CURRENT ASSETS
Debtors 7 14,554 366
Cash at bank 5,918 5,172
20,472 5,538
CREDITORS
Amounts falling due within one year 8 193,413 216,047
NET CURRENT LIABILITIES (172,941 ) (210,509 )
TOTAL ASSETS LESS CURRENT LIABILITIES 256,286 218,718

CREDITORS
Amounts falling due after more than one
year

9

(25,464

)

(31,020

)

PROVISIONS FOR LIABILITIES (38,843 ) (38,843 )
NET ASSETS 191,979 148,855

Bigbang Hair Ltd (Registered number: SC484925)

Balance Sheet - continued
31 October 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 125,016 125,016
Retained earnings 66,863 23,739
SHAREHOLDERS' FUNDS 191,979 148,855

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2025 and were signed by:





Mr J Black - Director


Bigbang Hair Ltd (Registered number: SC484925)

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

1. STATUTORY INFORMATION

Bigbang Hair Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Bigbang Hair Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover and revenue recognition
Turnover shown in the profit and loss account represents rent receivable during the period, recognised based on rent due in accordance with rent agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Bigbang Hair Ltd (Registered number: SC484925)

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

2. ACCOUNTING POLICIES - continued

Investment property
Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value is recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

This is in accordance with FRS 102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Bigbang Hair Ltd (Registered number: SC484925)

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

2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 36,208
DEPRECIATION
At 1 November 2023
and 31 October 2024 36,208
NET BOOK VALUE
At 31 October 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 November 2023
and 31 October 2024 100
NET BOOK VALUE
At 31 October 2024 100
At 31 October 2023 100

Bigbang Hair Ltd (Registered number: SC484925)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 429,127
NET BOOK VALUE
At 31 October 2024 429,127
At 31 October 2023 429,127

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2018 87,121
Valuation in 2020 40,000
Valuation in 2022 23,065
Valuation in 2023 16,500
Cost 262,441
429,127

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 262,441 262,441

The investment property was valued on an open market basis on 31 October 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 14,140 -
Other debtors 414 366
14,554 366

Bigbang Hair Ltd (Registered number: SC484925)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Amounts owed to group undertakings - 276
Taxation and social security 2,099 3,391
Other creditors 185,758 206,824
193,413 216,047

The director's current account is unsecured, interest free and has no fixed term of repayment.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,464 31,020

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,241 8,797

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 125,016

The fair value reserve represents the net revaluation surplus on investment properties that is not readily distributable as realised earnings.