Acorah Software Products - Accounts Production 19.2.450 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 09849505 Mr Eric Halioua Mr Vincent Ronfard Dr Bessam Farjo Dr Nilofer Farjo Mr Paul Kemp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09849505 2024-11-30 09849505 2025-11-30 09849505 2024-12-01 2025-11-30 09849505 frs-core:CurrentFinancialInstruments 2025-11-30 09849505 frs-core:ComputerEquipment 2025-11-30 09849505 frs-core:ComputerEquipment 2024-12-01 2025-11-30 09849505 frs-core:ComputerEquipment 2024-11-30 09849505 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-11-30 09849505 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-01 2025-11-30 09849505 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-30 09849505 frs-core:FurnitureFittings 2024-12-01 2025-11-30 09849505 frs-core:OtherResidualIntangibleAssets 2025-11-30 09849505 frs-core:OtherResidualIntangibleAssets 2024-12-01 2025-11-30 09849505 frs-core:OtherResidualIntangibleAssets 2024-11-30 09849505 frs-core:PlantMachinery 2025-11-30 09849505 frs-core:PlantMachinery 2024-12-01 2025-11-30 09849505 frs-core:PlantMachinery 2024-11-30 09849505 frs-core:SharePremium 2025-11-30 09849505 frs-core:ShareCapital 2025-11-30 09849505 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 09849505 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 09849505 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 09849505 frs-bus:SmallEntities 2024-12-01 2025-11-30 09849505 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 09849505 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 09849505 frs-bus:Director1 2024-12-01 2025-11-30 09849505 frs-bus:Director2 2024-12-01 2025-11-30 09849505 frs-bus:Director3 2024-12-01 2025-11-30 09849505 frs-bus:Director4 2024-12-01 2025-11-30 09849505 frs-bus:Director5 2024-12-01 2025-11-30 09849505 frs-countries:EnglandWales 2024-12-01 2025-11-30 09849505 2023-11-30 09849505 2024-11-30 09849505 2023-12-01 2024-11-30 09849505 frs-core:CurrentFinancialInstruments 2024-11-30 09849505 frs-core:SharePremium 2024-11-30 09849505 frs-core:ShareCapital 2024-11-30 09849505 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: 09849505
HairClone Limited
Financial Statements
For The Year Ended 30 November 2025
Corinthian Tax LLP
HairClone Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
HairClone Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 09849505

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 645,818 |  | 462,356
Tangible Assets | 5 |  | 55,539 |  | 2,375
|  |  | 701,357 |  | 464,731
CURRENT ASSETS
Debtors | 6 | 53,472 |  | 41,317 |
Investments | 7 | 3 |  | 3 |
Cash at bank and in hand |  | 40,662 |  | 89,511 |
|  | 94,137 |  | 130,831 |
Creditors: Amounts Falling Due Within One Year | 8 | (222,637 ) |  | (140,227 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (128,500 ) |  | (9,396 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 572,857 |  | 455,335
NET ASSETS |  |  | 572,857 |  | 455,335
CAPITAL AND RESERVES
Called up share capital |  |  | 2,200 |  | 2,192
Share premium account |  |  | 451,240 |  | 406,473
Profit and Loss Account |  |  | 119,417 |  | 46,670
SHAREHOLDERS' FUNDS |  |  | 572,857 |  | 455,335

Page 1
Page 2
HairClone Limited
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Paul Kemp Director
16/06/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
HairClone Limited
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
HairClone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09849505 . The registered office is 70 Quay Street, Manchester, M3 3EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The company is a parent company but has taken advantage of the exemption under section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that the group is small. The subsidiary undertakings were dormant throughout the year.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Legal and Professional costs that relate to a patent. It is amortised to profit and loss account over its estimated economic life of 25 years.
Amortisation is provided to write off the cost of the asset over its estimated useful economic life, which is assessed with reference to the expected commercial life of the underlying technology.
The carrying value of intangible assets is reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.
2.4. Research and Development
Intangible assets are Development costs. It is amortised to profit and loss account over its estimated economic life of 15 years. Research expenditure is recognised as an expense in the period in which it is incurred.
During the year, the estimated useful economic life of the underlying technology was reassessed and the estimated useful economic life was revised accordingly. The effect of this change has been applied prospectively.
Development expenditure is capitalised as an intangible asset only when all of the following conditions are met:

- the technical feasibility of completing the asset has been demonstrated;
- the company intends to complete and use or sell the asset;
- the company has the ability to use or sell the asset;
- it is probable that the asset will generate future economic benefits;
- adequate technical, financial and other resources are available to complete the development; and
- the expenditure attributable to the asset can be measured reliably.

Where these criteria are not met, expenditure is recognised in profit or loss as incurred.
Page 3
Page 4
HairClone Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | Straight line over 4 years
Fixtures & Fittings | Straight line over 4 years
Computer Equipment | Straight line over 4 years

2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised when there is reasonable assurance that the company will comply with the conditions attaching to them and that the grants will be received.
Grants relating to revenue expenditure are recognised in profit or loss on a systematic basis over the periods in which the related costs are recognised.
Grants relating to capitalised development expenditure are recognised in profit or loss over the expected useful life of the related asset.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Intangible Assets

| Other | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2024 | 117,209 | 391,785 | 508,994
Additions | 13,477 | 204,243 | 217,720
As at 30 November 2025 | 130,686 | 596,028 | 726,714

...CONTINUED
Page 4
Page 5
HairClone Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025

Amortisation
As at 1 December 2024 | 12,803 | 33,835 | 46,638
Provided during the period | 8,283 | 25,975 | 34,258
As at 30 November 2025 | 21,086 | 59,810 | 80,896
Net Book Value
As at 30 November 2025 | 109,600 | 536,218 | 645,818
As at 1 December 2024 | 104,406 | 357,950 | 462,356

5. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2024 | 19,172 | 8,119 | 27,291
Additions | 67,472 | 416 | 67,888
As at 30 November 2025 | 86,644 | 8,535 | 95,179
Depreciation
As at 1 December 2024 | 19,172 | 5,744 | 24,916
Provided during the period | 13,780 | 944 | 14,724
As at 30 November 2025 | 32,952 | 6,688 | 39,640
Net Book Value
As at 30 November 2025 | 53,692 | 1,847 | 55,539
As at 1 December 2024 | - | 2,375 | 2,375

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | (1,428 ) |  | 17,051
Other debtors | 54,900 |  | 22,689
VAT | - |  | 1,577
| 53,472 |  | 41,317

7. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Shares in subsidiaries | 3 |  | 3

The company holds a 100% investment in the following, UK incorporated and wholly owned subsidiary undertakings:

- HairClone Cell Banking Limited
- HairClone Research Limited
- HairClone Cell Therapy Limited

All subsidiaries were dormant throughout the year and have not traded.
Page 5
Page 6
HairClone Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 8,242 |  | 15,768
Other taxes and social security | 3,300 |  | 7,503
VAT | 571 |  | -
Other creditors | 193,087 |  | 103,561
Accruals and deferred income | 8,190 |  | 3,975
Directors' loan accounts | 9,247 |  | 9,420
| 222,637 |  | 140,227

Page 6