Registration number:
Asteri Beauty Limited
for the Period from 10 January 2024 to 31 December 2024
Asteri Beauty Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Asteri Beauty Limited
Company Information
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Directors |
Mr Omran Abdulrahman Saad Al Rashid Mr Suliman Abdulrahman Saad Al Rashid Mrs Sara Abdulrahman S Alrashed |
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Registered office |
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Auditors |
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Asteri Beauty Limited
(Registration number: 15404349) (England and Wales)
Balance Sheet as at 31 December 2024
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Note |
2024 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
50,000 |
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Capital contribution reserve |
2,400 |
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Retained earnings |
(8,900) |
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Shareholders' funds |
43,500 |
The financial statements were approved and authorised for issue by the
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Asteri Beauty Limited
Notes to the Financial Statements for the Period from 10 January 2024 to 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.
Going concern
The directors have made an assessment and confirm that the Company will have sufficient funds, either through its operations or funding from its parent company, Red Cactus Trading Company LLC, to meet its liabilities as they fall due for that period. Red Cactus Trading Company LLC has indicated its intention to continue to make available such funds to meet its liabilities as they fall due for the period of at least 12 months from the approval of the financial statements. Therefore, the directors have prepared the financial statements on a going concern basis.
Audit report
The name of the Senior Statutory Auditor who signed the audit report on
2025-45-UK.
Tax
Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Asteri Beauty Limited
Notes to the Financial Statements for the Period from 10 January 2024 to 31 December 2024 (continued)
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Accounting policies (continued) |
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Deferred tax arises from timing differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
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.
Financial instruments
(i) Financial assets
Basic financial assets, including cash and 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.
Such assets are subsequently carried at amortised cost using the effective interest method, unless they are receivable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be received.
At the end of each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
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.
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.
Asteri Beauty Limited
Notes to the Financial Statements for the Period from 10 January 2024 to 31 December 2024 (continued)
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Accounting policies (continued) |
(ii) Financial liabilities
Basic financial liabilities, including other creditors and amounts due from fellow group undertakings, 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 receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, unless they are payable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid.
Other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Other creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
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Staff numbers |
The average monthly number of persons employed by the company (including directors) during the period, was
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Debtors |
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Note |
2024 |
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Amounts owed by related parties |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
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Due within one year |
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Trade creditors |
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Accruals |
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Asteri Beauty Limited
Notes to the Financial Statements for the Period from 10 January 2024 to 31 December 2024 (continued)
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Share capital |
Allotted, called up shares
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2024 |
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No. |
£ |
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50,000 |
An amount of £50,000 remains unpaid at the balance sheet date and is included within amounts due from group undertakings. This amount was fully settled post year end.
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Related party transactions |
Summary of transactions with parent
During the year, the company received a capital contribution of £2,400 from its parent company Red Cactus Trading Company LLC, for liabilities settled on its behalf.
As at 31 December 2024 the company was owed £50,000 by its parent company, Red Cactus Trading Company LLC. The amount is payable on demand and is interest free.
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Parent and ultimate parent undertaking |
The company's immediate parent is