REGISTERED NUMBER: 15550981 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 MARCH 2024 TO 31 MARCH 2025

FOR

HAIR WORLD HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Sargeant

Mrs A M Sargeant

Ms V A Sargeant

Miss K L Sargeant

REGISTERED OFFICE:

27 - 29 Old Market,

Wisbech,

Cambridgeshire,

United Kingdom

PE13 1NE

REGISTERED NUMBER:

15550981 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Investments

4

200

Investment property

5

248,558

248,758

CURRENT ASSETS

Debtors

6

26,780

Cash at bank

5,797

32,577

CREDITORS

Amounts falling due within one year

7

98,021

NET CURRENT LIABILITIES

(65,444

)

TOTAL ASSETS LESS CURRENT LIABILITIES

183,314

CREDITORS

Amounts falling due after more than one year

8

60,000

NET ASSETS

123,314

CAPITAL AND RESERVES

Called up share capital

80,200

Retained earnings

43,114

SHAREHOLDERS' FUNDS

123,314

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

The members have not required the company to obtain an audit of its financial statements for the period 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 3 December 2025 and were signed on its behalf by:

M P Sargeant - Director

1.	STATUTORY INFORMATION

Hair World Holdings 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.	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.

At the balance sheet date the company had net current liabilities of £65,444 by virtue of its current liabilities exceeding its current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less accumulated impairment losses. On disposal of investments in subsidiaries, the difference between disposal proceeds and the carrying amounts of the investments are recognised in profit or loss.

Investment property

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the statement of income and retained earnings and accumulated in retained earnings with an appropriate transfer made to the fair value reserve.

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond normal business terms or in case of an out-right short term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit concessionary loan.

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 the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows, discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position 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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

200

At 31 March 2025

200

NET BOOK VALUE

At 31 March 2025

200

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

248,558

At 31 March 2025

248,558

NET BOOK VALUE

At 31 March 2025

248,558

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

248,558

If Investment property had not been revalued it would have been included at the following historical cost:

£

Cost

248,558

Aggregate depreciation

(4,971

)

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

26,780

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

5,727

Other creditors

92,294

98,021

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

60,000

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

60,000

9.

LOANS

Included within loans are 3% redeemable cumulative preference shares which are classified as compound financial instruments, which have the characteristics of both debt and equity and can only be redeemed by the company at their discretion at par.

Allotted, issued and fully paid

31.03.2025

£

140,000 3% redeemable cumulative preference shares of £1 each

140,000

As at 31 March 2025

140,000

The debt element is the net present value of the liability relating to the future dividend streams has been calculated using an equivalent rate of 7%, being the directors estimate of the cost of capital.

Debt

Equity

Element

Element

Total

3% redeemable cumulative preference shares

60,000

80,000

140,000

As at 31 March 2025

60,000

80,000

140,000

10.	LOANS TO OTHER GROUP COMPANIES

At the period end, there were interest free loans outstanding from group companies totalling £26,780.

11.	LOANS FROM PARTICIPATORS

At the period end, there were unsecured interest free loans outstanding to participators totalling £87,872.