ACCOUNTS - Final Accounts

Registered number: 13225443

MANUCURIST LIMITED

ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

MANUCURIST LIMITED

Company Information

Directors	Gaelle Lebrat-Personnaz
	Gael Personnaz


Registered number	13225443


Registered office	3rd Floor
	12 Gough Square
	London
	United Kingdom
	EC4A 3DW


Independent auditor	Sayers Butterworth LLP
	Chartered Accountants & Statutory Auditor
	3rd Floor
	12 Gough Square
	London
	United Kingdom
	EC4A 3DW

MANUCURIST LIMITED

Registered number: 13225443

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£


Current assets
Stocks	4	2,430		4,583
Debtors: amounts falling due within one year	5	490,555		260,761
Cash at bank and in hand		191,524		87,071
		684,509		352,415
Creditors: amounts falling due within one year	6	(1,115,487)		(995,401)
Net current liabilities			(430,978)		(642,986)
Total assets less current liabilities			(430,978)		(642,986)

Net liabilities			(430,978)		(642,986)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(430,979)	(642,987)
	(430,978)	(642,986)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.

Gael Personnaz

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

MANUCURIST LIMITED

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

Manucurist Limited ("the Company") is a private company limited by share capital, incorporated in the Unitied Kingdom and registered in England and Wales with registration number 13225443. The company's registered office address is 3rd Floor, 12 Gough Square, London, United Kingdom, EC4A 3DW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared by the directors under the going concern basis despite an excess of liabilities over total assets.
The directors consider the going concern basis to be appropriate as the parent company Manucurist has agreed to support the company and maintain funding to enable the Company to meet its' obligations as they fall due for at least the next twelve months.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

MANUCURIST LIMITED

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price.

Page 3

MANUCURIST LIMITED

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Stocks
		2024	2023
		£	£

Finished goods and goods for resale	2,430	4,583
	2,430	4,583

Debtors

					2024	2023
					£	£


Trade debtors	468,804	260,761
Other debtors	21,751	-
	490,555	260,761

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	117,740	78,723
Other taxation and social security	-	70,382
Amount due to parent company	869,814	781,962
Accruals and deferred income	127,933	64,334
	1,115,487	995,401

Page 4

MANUCURIST LIMITED

Notes to the financial statements

For the year ended 31 December 2024

7.	Related party transactions
	The company has adopted the exemption permitted by paragraph 33.1A of FRS 102 and has not disclosed transactions with other group members, which are wholly owned subsidiaries.

8.	Controlling party

The parent undertaking of the smallest group of which Manucurist Limited is a member and consolidated accounts are prepared is Manucurist. Their registered office address is 19 Rue d'Enghien, Paris, France.

9.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was qualified.

The qualification in the audit report was as follows:

During the year ended 31 December 2023 there were deficiencies in the company’s accounting records and, as a consequence, the inability to perform key reconciliations for the company’s key debtor accounts to its sales system. As a result of these matters, we were unable to determine whether any adjustments might have been found necessary in respect of recorded or unrecorded debtors at 31 December 2023 and accordingly the elements making up the profit and loss account for the year ended 31 December 2023.
For the year ended 31 December 2024, management has improved accounting systems such that we have been able to perform an audit of the 31 December 2024 balance sheet, however due to the prior period deficiencies we are unable to determine whether any adjustments might have been found necessary to the profit and loss account for 2024.

The audit report was signed on 30 September 2025 by Andrew Burch (Senior statutory auditor) on behalf of Sayers Butterworth LLP.

Page 5