REGISTERED NUMBER: 13342475 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gatineau Beauty Ltd

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

A J Bagley

B C Tubb

S E Bagley

Secretary:

B C Tubb

Registered office:

57 Victoria Street

Windsor

SL4 1EH

Registered number:

13342475 (England and Wales)

Accountants:

Freeman Carr

Chartered Certified Accountants

The Gatehouse

2 Devonhurst Place

Heathfield Terrace

Chiswick

London

W4 4JD

Fixed assets

Intangible assets

4

3,395,924

3,752,985

Current assets

Debtors

5

1,309,423

848,792

Cash at bank

2,175

10,595

1,311,598

859,387

Creditors

Amounts falling due within one year

6

565,284

402,958

Net current assets

746,314

456,429

Total assets less current liabilities

4,142,238

4,209,414

Creditors

Amounts falling due after more than one year

7

(1,726,923

)

(1,578,299

)

Provisions for liabilities

(562,099

)

(632,362

)

Net assets

1,853,216

1,998,753

Capital and reserves

Called up share capital

100

100

Revaluation reserve

8

1,686,302

1,897,089

Retained earnings

166,814

101,564

1,853,216

1,998,753

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 September 2025 and were signed on its behalf by:

A J Bagley - Director

1.	Statutory information

Gatineau Beauty Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at fair value at regular intervals less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Financial instruments

The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like cash and bank balances, trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are 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 profit and loss.

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.

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.

A deferred tax liability has been recognised in respect of the revaluation of intangible fixed assets. The deferred tax has been calculated at the tax rate expected to apply when the timing differences reverse.

Fair value measurement

We apply fair value accounting for assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. We define fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities which are required to be recorded at fair value, we consider the principal or most advantageous market in which we would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risks

.

We determine the fair value while observing quoted prices in active markets for identical assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

We also consider unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the underlying asset or liability. Fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation.

3.	Employees and directors

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

4.	Intangible fixed assets

Other

intangible

assets

£

Cost or valuation

At 1 January 2024

4,169,983

Additions

66,597

At 31 December 2024

4,236,580

Amortisation

At 1 January 2024

416,998

Charge for year

423,658

At 31 December 2024

840,656

Net book value

At 31 December 2024

3,395,924

At 31 December 2023

3,752,985

Cost or valuation at 31 December 2024 is represented by:

Other

intangible

assets

£

Valuation in 2021

1,524,593

Valuation in 2023

1,285,906

Valuation in 2024

66,597

Cost

1,359,484

4,236,580

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

1,309,423

848,792

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

47,515

50,107

Amounts owed to group undertakings

422,401

299,042

Taxation and social security

90,168

48,053

Other creditors

5,200

5,756

565,284

402,958

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Amounts owed to group undertakings

1,164,010

812,221

Other creditors

562,913

766,078

1,726,923

1,578,299

8.

Reserves

Revaluation

reserve

£

At 1 January 2024

1,897,089

Amortisation and Deferred tax

(210,787

)

At 31 December 2024

1,686,302

9.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company and wholly owned subsidiaries within the group.

10.	Ultimate controlling party

The controlling party is Lived Holdings Ltd.

The ultimate controlling party is A J Bagley.