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Registration number: 06216621

Aesthete Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 October 2024

 

Aesthete Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Aesthete Limited

Company Information
__________________________________________________________________________

Director

Dr B N Pitamber

Company secretary

Dr B N Harkison

Registered office

Abbey House
342 Regents Park Road
N3 2LJ


 

Accountants

Brooks Green
Chartered AccountantsAbbey House
342 Regents Park Road
342 Regents Park Road
N3 2LJ

 

Aesthete Limited

(Registration number: 06216621)
Balance Sheet as at 30 October 2024
__________________________________________________________________________

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

3

 

26,937

 

18,554

Current assets

   

 

Debtors

5

22,632

 

49,953

 

Cash at bank and in hand

 

340,225

 

322,537

 

 

362,857

 

372,490

 

Creditors: Amounts falling due within one year

6

(356,577)

 

(323,884)

 

Net current assets

   

6,280

 

48,606

Net assets

   

33,217

 

67,160

Capital and reserves

   

 

Called up share capital

7

2

 

2

 

Retained earnings

33,215

 

67,158

 

Shareholders' funds

   

33,217

 

67,160

For the financial year ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 July 2025
 

.........................................
Dr B N Pitamber
Director

 

Aesthete Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment, Fixtures and fittings

25% on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Aesthete Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024
__________________________________________________________________________

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 1).

 

Aesthete Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024
__________________________________________________________________________

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 October 2023

70,789

70,789

Additions

13,023

13,023

At 30 October 2024

83,812

83,812

Depreciation

At 31 October 2023

52,235

52,235

Charge for the year

4,640

4,640

At 30 October 2024

56,875

56,875

Carrying amount

At 30 October 2024

26,937

26,937

At 30 October 2023

18,554

18,554

4

Contribution to Incentive Scheme

By a deed dated 26h October 2013 the company established an Incentive Scheme. During the accounting period the Company gifted £203,600 (2022: £224,050) to the Incentive Scheme. No Taxation liability arose to the Company as a result of such transaction.

 

Aesthete Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024
__________________________________________________________________________

5

Debtors

Current

2024
£

2023
£

Trade debtors

21,376

49,953

Other debtors

1,256

-

 

22,632

49,953

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

1

-

Taxation and social security

 

-

10,328

Accruals and deferred income

 

2,500

2,500

Other creditors

 

354,076

311,056

 

356,577

323,884

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2