REGISTERED NUMBER: 06962164 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

London Skin And Hair Clinic Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Ballardin

Dr M S Wade

REGISTERED OFFICE:

233 High Holborn

London

WC1V 7DN

REGISTERED NUMBER:

06962164 (England and Wales)

ACCOUNTANTS:

Nichols & Co ( Accountancy ) Limited

Chartered Accountants

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

FIXED ASSETS

Tangible assets

4

100,915

164,223

Investments

5

26,608

-

127,523

164,223

CURRENT ASSETS

Debtors

6

1,077,796

441,065

Cash at bank and in hand

34,367

220,929

1,112,163

661,994

CREDITORS

Amounts falling due within one year

7

(757,219

)

(620,202

)

NET CURRENT ASSETS

354,944

41,792

TOTAL ASSETS LESS CURRENT LIABILITIES

482,467

206,015

CREDITORS

Amounts falling due after more than one year

8

-

(7,843

)

PROVISIONS FOR LIABILITIES

(22,468

)

(33,447

)

NET ASSETS

459,999

164,725

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

459,899

164,625

SHAREHOLDERS' FUNDS

459,999

164,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 14 October 2025 and were signed on its behalf by:

Dr M S Wade - Director

1.	STATUTORY INFORMATION

London Skin And Hair Clinic 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.

TURNOVER

Turnover represents the profit share receivable from the company's active investment. Profit share is recognised on an annual arising basis.

Additionally turnover is derived from medical dermatological services net of VAT. Dermatological services income is invoiced on consultation and recognised at that point. Rental incomes are recognised as invoiced, monthly.

TANGIBLE FIXED ASSETS

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

Short leasehold

-

Straight line basis over useful lives

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

140,414

463,998

52,724

Additions

-

-

3,611

At 31 March 2025

140,414

463,998

56,335

DEPRECIATION

At 1 April 2024

119,985

354,849

51,000

Charge for year

17,591

106,707

2,359

At 31 March 2025

137,576

461,556

53,359

NET BOOK VALUE

At 31 March 2025

2,838

2,442

2,976

At 31 March 2024

20,429

109,149

1,724

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

55,095

34,508

746,739

Additions

-

85,292

88,903

At 31 March 2025

55,095

119,800

835,642

DEPRECIATION

At 1 April 2024

32,139

24,543

582,516

Charge for year

13,774

11,780

152,211

At 31 March 2025

45,913

36,323

734,727

NET BOOK VALUE

At 31 March 2025

9,182

83,477

100,915

At 31 March 2024

22,956

9,965

164,223

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

Additions

26,608

At 31 March 2025

26,608

NET BOOK VALUE

At 31 March 2025

26,608

The investment is in Samson Clinical Holdings Pty Ltd, an entity registered in Australia.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

124,978

164,691

Other debtors

952,818

276,374

1,077,796

441,065

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,946

19,605

Trade creditors

285,046

215,486

Taxation and social security

323,522

240,907

Other creditors

142,705

144,204

757,219

620,202

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

7,843

9.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

In more than five years

1,520,417

1,742,917

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1.00

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

164,625

Profit for the year

661,274

Dividends

(366,000

)

At 31 March 2025

459,899

12.	RELATED PARTY DISCLOSURES

The company is a member of London Skin & Hair Clinic (W1) LLP, an entity in which both of the directors are also members. The Company's profit share for the year to 31 March 2025 is £nil (2024 - £nil) and the company charged rent fees of £nil (2024 - £nil) to London Skin & Hair Clinic (W1) LLP.

At the year end the company was owed £412,311 (2024 - £251 owed to) from Mr B Ballardin, a director of the company.

At the year end the company was owed £412,738 (2024 - £354 owed to) from Dr M S Wade, a director of the company.

Interest has been charged on the above loan at 2.25% totalling £8,422 (2024 - nil).