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REGISTERED NUMBER: 01341519 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

HARI & FRIENDS LIMITED

HARI & FRIENDS LIMITED (REGISTERED NUMBER: 01341519)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

HARI & FRIENDS LIMITED

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs K Salem

| Miss T Salem

| Mr L H Salem

| SECRETARY: | Mr H H Salem

| REGISTERED OFFICE: | 42 Donne Place

| London

| SW3 2NH

| REGISTERED NUMBER: | 01341519 (England and Wales)

| ACCOUNTANTS: | JLA Accountants

| 42 Lytton Road

| Barnet

| Hertfordshire

| EN5 5BY

HARI & FRIENDS LIMITED (REGISTERED NUMBER: 01341519)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 306,022 |  | 374,070 |  |

306,022 |  | 374,070 |  |

CURRENT ASSETS

Stocks | 6 | 26,288 |  | 61,767 |  |

Debtors | 7 | 1,739,852 |  | 1,433,991 |  |

Cash at bank | 667,649 |  | 381,489 |  |

2,433,789 |  | 1,877,247 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,877,681 |  | 1,593,714 |  |

NET CURRENT ASSETS | 556,108 |  | 283,533 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 862,130 |  | 657,603 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (28,212 | ) | (48,212 | ) |

PROVISIONS FOR LIABILITIES | 11 | (42,802 | ) | (55,593 | ) |

NET ASSETS | 791,116 |  | 553,798 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 98 |  | 98 |  |

Retained earnings | 791,018 |  | 553,700 |  |

SHAREHOLDERS' FUNDS | 791,116 |  | 553,798 |  |

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.

HARI & FRIENDS LIMITED (REGISTERED NUMBER: 01341519)

Balance Sheet - continued

31 March 2025

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 23 December 2025 and were signed on its behalf by:

Mr L H Salem - Director

HARI & FRIENDS LIMITED (REGISTERED NUMBER: 01341519)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Hari & Friends 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.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Leasehold premises | - | 10% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Stocks

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

| 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.

HARI & FRIENDS LIMITED (REGISTERED NUMBER: 01341519)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 750,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 750,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Leasehold |  | Plant and |  | and |

| premises |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 849,636 |  | 56,307 |  | 208,058 |  | 1,114,001 |  |

| Additions | 3,050 |  | - |  | 20,371 |  | 23,421 |  |

| At 31 March 2025 | 852,686 |  | 56,307 |  | 228,429 |  | 1,137,422 |  |

| DEPRECIATION

| At 1 April 2024 | 517,871 |  | 43,629 |  | 178,431 |  | 739,931 |  |

| Charge for year | 78,761 |  | 3,170 |  | 9,538 |  | 91,469 |  |

| At 31 March 2025 | 596,632 |  | 46,799 |  | 187,969 |  | 831,400 |  |

| NET BOOK VALUE

| At 31 March 2025 | 256,054 |  | 9,508 |  | 40,460 |  | 306,022 |  |

| At 31 March 2024 | 331,765 |  | 12,678 |  | 29,627 |  | 374,070 |  |

6. | STOCKS

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Stocks | 26,288 |  | 61,767 |  |

HARI & FRIENDS LIMITED (REGISTERED NUMBER: 01341519)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Trade debtors | 148,556 |  | 136,646 |  |

| Amounts owed by group undertakings | 738,350 |  | 538,195 |  |

| Other debtors | 336,727 |  | 244,532 |  |

| Directors' current accounts | 412,240 |  | 456,424 |  |

| Prepayments | 103,979 |  | 58,194 |  |

1,739,852 |  | 1,433,991 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Other loans (see note 10) | 20,000 |  | 20,000 |  |

| Trade creditors | 157,567 |  | 117,942 |  |

| Amounts owed to group undertakings | 163,259 |  | 145,352 |  |

| Tax | 111,112 |  | 103,052 |  |

| VAT | 109,629 |  | 109,824 |  |

| Other creditors | 965,918 |  | 813,934 |  |

| Directors' current accounts | 156,870 |  | 84,287 |  |

| Accruals and deferred income | 193,326 |  | 199,323 |  |

1,877,681 |  | 1,593,714 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Other loans (see note 10) | 28,212 |  | 48,212 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Amounts falling due within one year or on demand:

| Other loans | 20,000 |  | 20,000 |  |

| Amounts falling due between one and two years:

| Other loans - 1-2 years | 20,000 |  | 20,000 |  |

| Amounts falling due between two and five years:

| Other loans - 2-5 years | 8,212 |  | 28,212 |  |

HARI & FRIENDS LIMITED (REGISTERED NUMBER: 01341519)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Deferred tax | 42,802 |  | 55,593 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 55,593 |  |

| Provided during year | (12,791 | ) |

| Balance at 31 March 2025 | 42,802 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid: |  |  |

| Number: |  | Class: |  | Nominal Value: |  | 31.03.22 £ |  | 31.03.21 £ |  |

| 9,797 |  | Ordinary |  | 1p |  | 97.97 |  | 97.97 |  |

| 1 |  | A Ordinary |  | 1p |  | 0.01 |  | 0.01 |  |

| 1 |  | B Ordinary |  | 1p |  | 0.01 |  | 0.01 |  |

| 1 |  | C Ordinary |  | 1p |  | 0.01 |  | 0.01 |  |

| 1 |  | D Ordinary |  | 1p |  | 0.01 |  | 0.01 |  |

| 1 |  | E Ordinary |  | 1p |  | 0.01 |  | 0.01 |  |

|  | 98.02 |  | 98.02 |  |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Mr L H Salem

| Balance outstanding at start of year | 369,920 |  | 168,117 |  |

| Amounts advanced | 72,955 |  | 259,215 |  |

| Amounts repaid | (192,635 | ) | (57,412 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 250,240 |  | 369,920 |  |

| Miss T Salem

| Balance outstanding at start of year | 86,504 |  | 44,349 |  |

| Amounts advanced | 136,448 |  | 203,555 |  |

| Amounts repaid | (60,952 | ) | (161,400 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 162,000 |  | 86,504 |  |

| As at the balance sheet date, included in debtors due within one year is £412,240 (2024: £456,424), due and payable by the directors. The amount was fully repaid within 9 months of the balance sheet date.

HARI & FRIENDS LIMITED (REGISTERED NUMBER: 01341519)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

14. | RELATED PARTY DISCLOSURES

| At the balance sheet date the companies was owed the following amounts:

| Related Entity Name |  | 2025 |  | 2024

| Hari Salem Ltd |  | (£196) |  | (£196)

| Hari's Notting Hill Ltd |  | (£55,647) |  | (£42,556)

| Salem Projects Limited |  | (£107,416) |  | (£102,600)

| Tassies Hairdressers Limited |  | (£101,601) |  | (£243,723)

| Hari's Clapham Ltd |  | £484,762 |  | £538,195

| The above are related parties by virtue of the fact that they are under common control.

| As at the balance sheet date, included in creditors due within one year is £156,870 (2024:£84,287), due and payable to the directors. The amount was interest free and repayable on demand.

| As at the balance sheet data, included in other debtors is £48,212 (2024: £68,212), a loan given to Hari's Clapham Ltd which a under the control of common director. This is an interest free loan repayable over a 5 year period.