Hothouse Beauty Limited - Period Ending 2025-03-31

Registration number: 06228749

Hothouse Beauty Limited

Annual Report and Financial Statements

for the Year Ended 31 March 2025

Hothouse Beauty Limited

Contents

Company Information	1
Strategic Report	2
Directors' Report	3
Statement of Directors' Responsibilities	4
Independent Auditor's Report	5 to 10
Profit and Loss Account	11
Statement of Comprehensive Income	12
Balance Sheet	13
Statement of Changes in Equity	14
Statement of Cash Flows	15
Notes to the Financial Statements	16 to 31

Hothouse Beauty Limited

Company Information

Directors

Mrs Melanie Brownlow

Mr Dean Garth Cook

Registered office

Unit 4 Provincial Park
Nether Lane
Ecclesfield
Sheffield
South Yorkshire
S35 9ZX

Auditors

Hardwicks Accountants Limited
Chartered Accountants
Rotherham
South Yorkshire
S66 1EH

Hothouse Beauty Limited

Strategic Report for the Year Ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

Principal activity

The principal activity of the company is is that of the manufacture, sale and distribution of health and beauty products.

Fair review of the business

The company continuously evaluates its operations and invests in its people, systems and equipment. The directors of the company provide a safe working environment to its staff and have implemented comprehensive health & safety at work procedures.

The company is committed to supplying high quality and innovative beauty and personal care products to its customers, alongside high service levels.

By focusing on investment, efficiency, new product development, and creating new commercial opportunities, the company is well positioned to return to turnover growth and sustain profitability.

The Directors monitor the performance of the company's operations by considering various key performance indicators. The main indicators are changes to Turnover & Gross Profit.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs	Unit	2025	2024
Turnover	£m	19.01	19.80
Gross profit	%	44.68	44.82
Gross profit	£m	8.49	8.87

Principal risks and uncertainties

The Company operates globally in varied markets and manages the risks inherent in its activities. External Risks include economic conditions and actions of competitors. Internal risks include investment risk with new products and supply chain risk. Risk associated with the financial operations of the company include Credit risk, Liquidity risk and Foreign Exchange Risk.

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:

.........................................
Mrs Melanie Brownlow
CEO

Hothouse Beauty Limited

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs Melanie Brownlow

Mr Dean Garth Cook

Financial instruments

Objectives and policies

The main objective of the business is to create, develop and manufacture commercially strong cosmetics brands all of which are lovingly crafted in England. We are passionate about delivering excellent service and quality and are able to do this thanks to having full control of our development and manufacturing process.

Price risk, credit risk, liquidity risk and cash flow risk

The Company seeks to mitigate exposure to all risks, where practicable, and to transfer risks to insurers where cost effective. Specific risk mitigation actions include:

Credit Risk – Risk is mitigated by rigorous credit control procedures and appropriate credit insurance policies.

Liquidity risk – To ensure that funds are available for ongoing operations and business growth opportunities, the company maintains good levels of cash reserves combined with medium term loans.

Foreign Exchange risk – The Group’s operations give a high level of natural hedging. Foreign exchange movements are closely monitored to ensure this is the case on an ongoing basis.

Research and development

The company is always striving to bring new and innovative products to the market for the consumer.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:

.........................................
Mrs Melanie Brownlow
CEO

Hothouse Beauty Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Hothouse Beauty Limited

Independent Auditor's Report to the Members of Hothouse Beauty Limited

Opinion

We have audited the financial statements of Hothouse Beauty Limited (the 'company') for the year ended 31 March 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Hothouse Beauty Limited

Independent Auditor's Report to the Members of Hothouse Beauty Limited

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

Hothouse Beauty Limited

Independent Auditor's Report to the Members of Hothouse Beauty Limited

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Hothouse Beauty Limited

Independent Auditor's Report to the Members of Hothouse Beauty Limited

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Hothouse Beauty Limited

Independent Auditor's Report to the Members of Hothouse Beauty Limited

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

• Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

• Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements of the operations of the entity through enquiry and inspection;

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

• Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

The inherent limitations of an audit mean there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Hothouse Beauty Limited

Independent Auditor's Report to the Members of Hothouse Beauty Limited

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Mr Nicholas Hardwick (Senior Statutory Auditor)
For and on behalf of Hardwicks Accountants Limited, Statutory Auditor

Rotherham
South Yorkshire
S66 1EH

9 December 2025

Hothouse Beauty Limited

Profit and Loss Account for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Turnover	3	19,009,922	19,799,054
Cost of sales		(10,516,618)	(10,924,134)
Gross profit		8,493,304	8,874,920
Administrative expenses		(6,772,081)	(6,725,330)
Operating profit	5	1,721,223	2,149,590
Other interest receivable and similar income	6	40,945	35,884
Interest payable and similar expenses	7	(267)	(5,958)
		40,678	29,926
Profit before tax		1,761,901	2,179,516
Tax on profit	11	(412,833)	(824,143)
Profit for the financial year		1,349,068	1,355,373

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Hothouse Beauty Limited

Statement of Comprehensive Income for the Year Ended 31 March 2025

	2025 £	2024 £
Profit for the year	1,349,068	1,355,373
Total comprehensive income for the year	1,349,068	1,355,373

Hothouse Beauty Limited

(Registration number: 06228749)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	12	10	10
Tangible assets	13	1,155,883	1,319,383
		1,155,893	1,319,393
Current assets
Stocks	14	4,382,979	4,174,252
Debtors	15	5,834,777	5,524,883
Cash at bank and in hand		2,419,056	2,198,901
		12,636,812	11,898,036
Creditors: Amounts falling due within one year	17	(9,689,055)	(8,697,784)
Net current assets		2,947,757	3,200,252
Total assets less current liabilities		4,103,650	4,519,645
Provisions for liabilities	18	(175,649)	(240,712)
Net assets		3,928,001	4,278,933
Capital and reserves
Called up share capital		153	153
Retained earnings		3,927,848	4,278,780
Shareholders' funds		3,928,001	4,278,933

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:

.........................................
Mrs Melanie Brownlow
CEO

Hothouse Beauty Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

	Share capital £	Retained earnings £	Total £
At 1 April 2024	153	4,278,780	4,278,933
Profit for the year	-	1,349,068	1,349,068
Dividends	-	(1,700,000)	(1,700,000)
At 31 March 2025	153	3,927,848	3,928,001

	Share capital £	Retained earnings £	Total £
At 1 April 2023	153	3,923,407	3,923,560
Profit for the year	-	1,355,373	1,355,373
Dividends	-	(1,000,000)	(1,000,000)
At 31 March 2024	153	4,278,780	4,278,933

Hothouse Beauty Limited

Statement of Cash Flows for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Cash flows from operating activities
Profit for the year		1,349,068	1,355,373
Adjustments to cash flows from non-cash items
Depreciation and amortisation	5	374,944	372,195
Profit on disposal of tangible assets	4	-	(42,257)
Finance income	6	(40,945)	(35,884)
Finance costs	7	267	5,958
Income tax expense	11	412,833	824,143
		2,096,167	2,479,528
Working capital adjustments
Increase in stocks	14	(208,727)	(1,877,229)
Increase in trade debtors	15	(309,894)	(1,830,011)
Increase in trade creditors	17	835,824	5,729,803
Cash generated from operations		2,413,370	4,502,091
Income taxes paid	11	(322,449)	(478,687)
Net cash flow from operating activities		2,090,921	4,023,404
Cash flows from investing activities
Interest received	6	65,270	21,514
Acquisitions of tangible assets		(211,444)	(1,463,692)
Proceeds from sale of tangible assets		-	63,500
Foreign currency gains/(losses)		(24,325)	14,370
Net cash flows from investing activities		(170,499)	(1,364,308)
Cash flows from financing activities
Interest paid	7	(267)	(5,958)
Bank loan repayments		-	(216,812)
Dividends paid	23	(1,700,000)	(1,000,000)
Net cash flows from financing activities		(1,700,267)	(1,222,770)
Net increase in cash and cash equivalents		220,155	1,436,326
Cash and cash equivalents at 1 April		2,198,901	762,575
Cash and cash equivalents at 31 March		2,419,056	2,198,901

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 4 Provincial Park
Nether Lane
Ecclesfield
Sheffield
South Yorkshire
S35 9ZX

The principal place of business is:
3 Smithy Wood Drive
Chapeltown
Sheffield
South Yorkshire
S35 1QN

These financial statements were authorised for issue by the Board on 9 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% straight line
Office equipment	15% straight line
Motor vehicles	25% straight line
Leasehold property improvements	10% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents	Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the company's revenue for the year from continuing operations is as follows:

	2025 £	2024 £
Sale of goods	19,009,922	19,721,887
Other revenue	-	77,167
	19,009,922	19,799,054

4	Other gains and losses

The analysis of the company's other gains and losses for the year is as follows:

	2025 £	2024 £
Gain/loss on disposal of property, plant and equipment	-	42,257

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5	Operating profit

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	374,944	372,195
Profit on disposal of property, plant and equipment	-	(42,257)

6	Other interest receivable and similar income

	2025 £	2024 £
Interest income on bank deposits	30,442	14,100
Foreign currency gains / (losses)	(24,325)	14,370
Other finance income	34,828	7,414
	40,945	35,884

7	Interest payable and similar expenses

	2025 £	2024 £
Interest on bank overdrafts and borrowings	-	5,958
Interest expense on other finance liabilities	267	-
	267	5,958

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

8	Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

	2025 £	2024 £
Wages and salaries	3,617,064	3,658,791
Social security costs	358,248	346,670
Other short-term employee benefits	33,068	36,192
Pension costs, defined contribution scheme	86,465	77,305
Other employee expense	25,520	22,008
	4,120,365	4,140,966

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

	2025 No.	2024 No.
Production	59	60
Administration and support	24	26
Research and development	16	13
Sales	9	8
Marketing	10	8
	118	115

9	Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	155,020	154,515
Contributions paid to money purchase schemes	18,000	-
Sums paid to third parties for directors' services	50,000	50,000
	223,020	204,515

In respect of the highest paid director:

	2025 £	2024 £
Remuneration	155,020	154,515

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

10	Auditors' remuneration

	2025 £	2024 £
Audit of the financial statements	9,000	9,000

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

11

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	477,896	583,970
Deferred taxation
Accelerated capital allowances	(65,063)	240,173
Tax expense in the income statement	412,833	824,143

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 25% (2024 - 25%).

The differences are reconciled below:

	2025 £	2024 £
Profit before tax	1,761,901	2,179,516
Corporation tax at standard rate	440,475	544,879
Tax increase from effect of capital allowances and depreciation	37,421	39,066
Tax (decrease)/increase from other short-term timing differences	(65,063)	240,173
Tax increase from other tax effects	-	25
Total tax charge	412,833	824,143

Deferred tax

Deferred tax assets and liabilities

2025	Asset £	Liability £
Accelerated capital allowances	-	175,649
	-	175,649

2024	Asset £	Liability £
Accelerated capital allowances	-	240,712
	-	240,712

The deferred tax balance at 31 March 2025 has been measured at 25%, being the rate which deferred tax assets and liabilities are expected to reverse based on substantially enacted legislation.

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

12	Intangible assets

Trademarks, patents and licenses
£

Total
£

Cost or valuation

At 1 April 2024

10

10

At 31 March 2025

10

10

Amortisation

Carrying amount

At 31 March 2025

10

10

At 31 March 2024

10

10

13

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 April 2024

727,775

967,170

147,654

1,842,599

Additions

62,399

149,045

-

211,444

At 31 March 2025

790,174

1,116,215

147,654

2,054,043

Depreciation

At 1 April 2024

122,406

363,895

36,915

523,216

Charge for the year

103,000

235,031

36,913

374,944

At 31 March 2025

225,406

598,926

73,828

898,160

Carrying amount

At 31 March 2025

564,768

517,289

73,826

1,155,883

At 31 March 2024

605,369

603,275

110,739

1,319,383

Included within the net book value of land and buildings above is £564,768 (2024 - £605,369) in respect of short leasehold land and buildings.

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

14

Stocks

	2025 £	2024 £
Raw materials and consumables	2,372,029	2,262,052
Finished goods	2,010,950	1,912,200
	4,382,979	4,174,252

15

Debtors

Current	Note	2025 £	2024 £
Trade debtors		5,474,084	4,720,668
Amounts owed by related parties	25	-	369,687
Other debtors		231,321	154,000
Prepayments		129,372	280,528
		5,834,777	5,524,883

16	Cash and cash equivalents

	2025 £	2024 £
Cash on hand	99	234
Cash at bank	1,912,091	2,194,867
Short-term deposits	506,866	3,800
	2,419,056	2,198,901

17

Creditors

	Note	2025 £	2024 £
Due within one year
trade creditors		1,669,079	2,091,866
Amounts due to related parties	25	7,100,913	5,967,304
Social security and other taxes		337,552	133,480
Outstanding defined contribution pension costs		324	12,091
Other payables		80,155	139,248
Accrued expenses		209,136	217,346
Income tax liability	11	291,896	136,449
		9,689,055	8,697,784

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

18	Provisions for liabilities

	Deferred tax £	Total £
At 1 April 2024	240,712	240,712
Additional provisions	(65,063)	(65,063)
At 31 March 2025	175,649	175,649

19	Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £86,465 (2024 - £77,305).

Contributions totalling £324 (2024 - £12,091) were payable to the scheme at the end of the year and are included in creditors.

20	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	153	153	153	153

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

21	Loans and borrowings

Bank borrowings

The company has entered into a cross-company guarantee with the parent and UK based fellow subsidaries which includes Hothouse Holdings Limited, Hothouse Holdings Properties Limited and Cosmarida Limited. This is a reciprocal guarantee.

The total group borrowings that are included in the above are:

2025: £329,388
2024: £365,412

22	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	302,710	302,710
Later than one year and not later than five years	756,775	1,059,485
	1,059,485	1,362,195

The amount of non-cancellable operating lease payments recognised as an expense during the year was £302,710 (2024 - £302,710).

23

Dividends

Final dividends paid

	2025 £	2024 £
Final dividend of £11,111.11 (2024 - £6,535.94) per each Ordinary	1,700,000	1,000,000

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

24	Analysis of changes in net debt

	At 1 April 2024 £	Cash flows £	At 31 March 2025 £
Cash and cash equivalents
Cash	2,198,901	220,155	2,419,056
Borrowings
Intra-group debt	(5,597,617)	688,507	(4,909,110)
	(3,398,716)	908,662	(2,490,054)

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

25	Related party transactions

Summary of transactions with parent

Hothouse Holdings Limited

Summary of transactions with entities with joint control or significant interest

Cosmarida Limited, Hothouse Holdings Properties Limited, Hothouse Beauty Co. PTY Ltd and Hothouse Beauty Inc - Group companies

Lease payments made to Hothouse Holdings Properties Limited in respect of property rental.

Included within debtors is £1,336,452 (2024 - £750,688) due from Hothouse Beauty Inc, and £188,996 (2024 - £175,308) due from Hothouse Beauty Co. PTY Ltd.

Included within creditors is £15,094 (2024 - £15,094) due to Hothouse Holdings Properties Limited.

Income and receivables from related parties

2025	Entities with joint control or significant influence £
Sale of goods	236,347

2024	Entities with joint control or significant influence £
Sale of goods	267,316

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Expenditure with and payables to related parties

2025	Entities with joint control or significant influence £
Leases	150,938

2024	Entities with joint control or significant influence £
Leases	150,936

Loans to related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	369,687	369,687
Advanced	237,705	237,705
Repaid	(607,392)	(607,392)
At end of period	-	-

2024	Entities with joint control or significant influence £	Total £
At start of period	636,017	636,017
Advanced	60,484	60,484
Repaid	(326,814)	(326,814)
At end of period	369,687	369,687

Terms of loans to related parties

The loan is provided on an interest-free basis, unsecured and repayable on demand.

Hothouse Beauty Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Loans from related parties

2025	Parent £	Entities with joint control or significant influence £	Total £
At start of period	5,967,304	-	5,967,304
Advanced	-	193,614	193,614
Repaid	(760,005)	-	(760,005)
At end of period	5,207,299	193,614	5,400,913

2024	Parent £	Total £
At start of period	527,360	527,360
Advanced	5,439,944	5,439,944
At end of period	5,967,304	5,967,304

Terms of loans from related parties

The loan is provided on an interest-free basis, unsecured and repayable on demand.

26	Parent and ultimate parent undertaking

The company's immediate parent is Hothouse Holdings Limited, incorporated in England and Wales.

The parent of the largest group in which these financial statements are consolidated is Hothouse Holdings Limited, incorporated in England.

The address of Hothouse Holdings Limited is:
Unit 4 Provincial Park
Nether Lane
Ecclesfield
Sheffield
South Yorkshire
S35 9ZX

	Trademarks, patents and licenses £	Total £
Cost or valuation
At 1 April 2024	10	10
At 31 March 2025	10	10
Amortisation
Carrying amount
At 31 March 2025	10	10
At 31 March 2024	10	10

	Land and buildings £	Furniture, fittings and equipment £	Motor vehicles £	Total £
Cost or valuation
At 1 April 2024	727,775	967,170	147,654	1,842,599
Additions	62,399	149,045	-	211,444
At 31 March 2025	790,174	1,116,215	147,654	2,054,043
Depreciation
At 1 April 2024	122,406	363,895	36,915	523,216
Charge for the year	103,000	235,031	36,913	374,944
At 31 March 2025	225,406	598,926	73,828	898,160
Carrying amount
At 31 March 2025	564,768	517,289	73,826	1,155,883
At 31 March 2024	605,369	603,275	110,739	1,319,383