REGISTERED NUMBER: OC401897 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE HAIR CLUB LONDON LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

M R Hart

D Hart

REGISTERED OFFICE:

28

Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

OC401897 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of running and operating a hair salon

DESIGNATED MEMBERS

The designated members during the year under review were:

M R Hart

D Hart

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £13,029 (2024 - £7,951 profit).

MEMBERS' INTERESTS

At the balance sheet date there was amounts owed to the members summing to £41,917. this balance is split between the members, with £25,341 owed to Mrs D Hart and £16,576 owed to Mr M Hart.

ON BEHALF OF THE MEMBERS:

M R Hart - Designated member

13 October 2025

TURNOVER

186,158

199,377

Cost of sales

(142,434

)

(170,286

)

GROSS PROFIT

43,724

29,091

Administrative expenses

(30,493

)

(20,786

)

OPERATING PROFIT

4

13,231

8,305

Interest receivable and similar income

26

-

13,257

8,305

Interest payable and similar expenses

(228

)

(354

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

13,029

7,951

FIXED ASSETS

Tangible assets

5

2,674

3,004

CURRENT ASSETS

Stocks

12,500

8,553

Debtors

6

15,203

19,696

Cash at bank and in hand

35,806

34,745

63,509

62,994

CREDITORS

Amounts falling due within one year

7

23,486

37,637

NET CURRENT ASSETS

40,023

25,357

TOTAL ASSETS LESS CURRENT LIABILITIES

42,697

28,361

CREDITORS

Amounts falling due after more than one year

8

780

6,099

NET ASSETS ATTRIBUTABLE TO MEMBERS

41,917

22,262

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

41,917

22,262

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

41,917

22,262

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 13 October 2025 and were signed by:

M R Hart - Designated member

1.	STATUTORY INFORMATION

The Hair Club London LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The members have made an assessment about the partnerships ability to continue as a going concern and they do not consider there to be any material uncertainties.

As a result the going concern basis of accounting has been adopted.

Turnover

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

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed overtime.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

2,666

2,619

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

26,205

Additions

2,336

At 31 March 2025

28,541

DEPRECIATION

At 1 April 2024

23,201

Charge for year

2,666

At 31 March 2025

25,867

NET BOOK VALUE

At 31 March 2025

2,674

At 31 March 2024

3,004

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

1,600

Other debtors

8,250

8,250

Prepayments

6,953

9,846

15,203

19,696

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,735

5,102

Trade creditors

3,272

19,484

Taxation and social security

8,529

7,296

Other creditors

3,950

5,755

23,486

37,637

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

780

6,099

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.