REGISTERED NUMBER: 05403908 (England and Wales)

HAIR BY HONEYCOMB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V Howell

H Galstin

SECRETARY:

V Howell

REGISTERED OFFICE:

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

05403908 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

153

204

Investment property

6

155,000

155,000

155,153

155,204

CURRENT ASSETS

Debtors

7

927

1,933

Cash at bank

2,878

21,992

3,805

23,925

CREDITORS

Amounts falling due within one year

8

7,626

10,037

NET CURRENT (LIABILITIES)/ASSETS

(3,821

)

13,888

TOTAL ASSETS LESS CURRENT LIABILITIES

151,332

169,092

PROVISIONS FOR LIABILITIES

4,492

4,502

NET ASSETS

146,840

164,590

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

19,026

19,026

Retained earnings

127,812

145,562

SHAREHOLDERS' FUNDS

146,840

164,590

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 30th November 2025 and were signed on its behalf by:

V Howell - Director

1.	STATUTORY INFORMATION

Hair by Honeycomb 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.

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.

Significant judgements and estimates

There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of a business in 2005, was amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Investment property

Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains and the net of revaluation and deferred tax movement transferred to a fair value reserve. The directors review the portfolio each year and adjust the carrying values where they believe that there is a material adjustment to the previous year.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

3,000

AMORTISATION

At 1st April 2024

and 31st March 2025

3,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2024

and 31st March 2025

1,022

DEPRECIATION

At 1st April 2024

818

Charge for year

51

At 31st March 2025

869

NET BOOK VALUE

At 31st March 2025

153

At 31st March 2024

204

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

155,000

NET BOOK VALUE

At 31st March 2025

155,000

At 31st March 2024

155,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2023

23,489

Cost

131,511

155,000

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

2025

2024

£

£

Cost

131,511

131,511

The investment property was valued on an open market basis on 31st March 2023 by the Board of Directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

700

1,727

Prepayments

227

206

927

1,933

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax payable

1,242

1,300

Other creditors

700

700

Directors' current accounts

4,460

6,837

Accrued expenses

1,224

1,200

7,626

10,037