REGISTERED NUMBER: 05486340 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE LONDON HAIR CLINIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Yoshikawa

A Wyatt

REGISTERED OFFICE:

London Medical

49 Marylebone High Street

London

W1U 5HJ

REGISTERED NUMBER:

05486340 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Green LLB FCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Tangible assets

5

570,464

625,396

CURRENT ASSETS

Stocks

384,571

472,358

Debtors: amounts falling due within one year

6

346,187

660,550

Debtors: amounts falling due after more than one year

6

102,000

102,000

Cash at bank

308,083

331,290

1,140,841

1,566,198

CREDITORS

Amounts falling due within one year

7

491,931

1,600,501

NET CURRENT ASSETS/(LIABILITIES)

648,910

(34,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,219,374

591,093

PROVISIONS FOR LIABILITIES

9

65,259

65,259

NET ASSETS

1,154,115

525,834

CAPITAL AND RESERVES

Called up share capital

6

6

Capital contribution

10

890,734

-

Retained earnings

10

263,375

525,828

1,154,115

525,834

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 30 September 2025 and were signed on its behalf by:

A Wyatt - Director

1.	STATUTORY INFORMATION

The London Hair Clinic Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

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 wholly owned subsidiaries within the group.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and value added taxes.

Sales of goods are recognised at the point of sale, which is considered to be the point of delivery and when the significant risks and rewards of the goods have been passed to the customer.

Membership fees are recognised evenly over the period of the membership.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements - Over the term of the lease

Fixtures and fittings - Straight line over 3 years

Computer Equipment - Straight line over 3 years

Depreciation on leasehold improvements commences in the month of the completion of the work.

Stocks

Stock is stated at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Stocks are recognized as an expense in the period in which the related revenue is recognized.

Cost is determined using the average cost method. Cost includes the purchase price, including taxes and duties, transport and handling directly attributable to bringing the stock to its present location and condition.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS102 in respect of financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently carried at this value less any provision for impairment.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet represent cash at bank and in hand.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss under operating expenses.

The carrying value of all short-term financial assets and liabilities are measured at amortised cost.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

646,961

1,295

3,697

651,953

Additions

22,757

-

-

22,757

At 31 December 2024

669,718

1,295

3,697

674,710

DEPRECIATION

At 1 January 2024

21,565

1,295

3,697

26,557

Charge for year

77,689

-

-

77,689

At 31 December 2024

99,254

1,295

3,697

104,246

NET BOOK VALUE

At 31 December 2024

570,464

-

-

570,464

At 31 December 2023

625,396

-

-

625,396

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

53,824

82,782

Other debtors

-

2,000

VAT

89,677

340,951

Deferred tax asset

Tax losses carried forward

129,777

114,449

Prepayments and accrued income

72,909

120,368

346,187

660,550

Amounts falling due after more than one year:

Lease deposit

102,000

102,000

Aggregate amounts

448,187

762,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

90,622

35,128

Amounts owed to group undertakings

1,342

1,204,872

Social security and other taxes

17,518

19,686

Other creditors

38,672

40,648

Accruals and deferred income

343,777

300,167

491,931

1,600,501

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

170,000

170,000

Between one and five years

680,000

680,000

In more than five years

439,167

609,167

1,289,167

1,459,167

The above commitments relating to the trading premises.

9.	PROVISIONS FOR LIABILITIES

The dilapidations provision of £65,259 (2023: £65,259) is in respect of anticipated costs required to restore the premises to its former condition, as required under the lease. The lease expires in 2032.

10.

RESERVES

Retained

Capital

earnings

contribution

Totals

£

£

£

At 1 January 2024

525,828

-

525,828

Deficit for the year

(262,453

)

(262,453

)

Capital contribution

-

890,734

890,734

At 31 December 2024

263,375

890,734

1,154,109

During the year, the company received a contribution from a shareholder in the form of forgiveness of amounts owed to group undertaking in relation to supplier invoices were paid by them. The shareholder did not receive any asset or additional equity in respect of this forgiveness, as a result the amount has been treated as a capital contribution.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Green LLB FCA (Senior Statutory Auditor)

for and on behalf of THP Limited

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Aderans UK Limited, a company incorporated in the UK.

The parent company of the smallest group for which the results of the company are consolidated is Aderans Europe B.V, Eglantierbaan 16, 2908 LV, Capelle aan den IJssel, Zuid-Holland, Netherlands.

The ultimate parent company is Aderans Co Limited, a company incorporated in Japan. Aderans Co Limited is the largest parent company preparing group financial statements which include the company. The Group Financial Statements can be obtained from 4-12-6 Higashi-shinagawa, Shinagawa-ku, Tokyo 140-0002, Japan.

There is no ultimate controlling party.