Leeds Albion Place (T) Hairdressing Limited iXBRL

Leeds Albion Place (T) Hairdressing Limited

FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

LEEDS ALBION PLACE (T) HAIRDRESSING LIMITED

DIRECTORS AND OTHER INFORMATION


Directors	Mr Christian Francesco Mascolo
	Mr Pierre Patrick Mascolo
	Mrs Sacha Maria Mascolo-Tarbuck
	Mrs Pauline Rose Mascolo (Resigned 6 May 2025)


Company Registration Number	08713270


Business Address	Berkeley House
	Amery Street
	Alton
	Hampshire
	GU34 1HN


Independent Auditors	JWR Audit Limited
	24 Picton House
	Hussar Court
	Waterlooville
	Hampshire
	PO7 7SQ
	United Kingdom

LEEDS ALBION PLACE (T) HAIRDRESSING LIMITED

Company Registration Number: 08713270

BALANCE SHEET

as at 31 August 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

2,602

3,252

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Current Assets

Stocks

1,883

2,093

Debtors

18,683

18,513

Cash and cash equivalents

14,285

13,298

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34,851

33,904

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Creditors: amounts falling due within one year

(511,971)

(445,572)

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Net Current Liabilities

(477,120)

(411,668)

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Total Assets less Current Liabilities

(474,518)

(408,416)

Provisions for liabilities

(245)

(314)

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Net Liabilities

(474,763)

(408,730)

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

(474,863)

(408,830)

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Equity attributable to owners of the company

(474,763)

(408,730)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

Approved by the Board and authorised for issue on 30 May 2026 and signed on its behalf by



________________________________
Mrs Sacha Maria Mascolo-Tarbuck
Director

LEEDS ALBION PLACE (T) HAIRDRESSING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

GENERAL INFORMATION

Leeds Albion Place (T) Hairdressing 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 (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Goodwill

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

20% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

GOING CONCERN

The company meets its day to day working capital requirements through group funding and Mascolo Limited, the immediate parent company, who also provide ongoing support for the company in the form of extended supplier credits.

The directors consider that it is appropriate to prepare the financial statements on a going concern basis as they expect the company to be able to continue to trade within the facilities made available.

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.

The financial statements were audited by JWR Audit Limited.

The Auditor's Report was signed by Katie Wood FCA FCCA (Senior Statutory Auditor) for and on behalf of JWR Audit Limited on 2nd June 2026.

EMPLOYEES

The average monthly number of employees, including directors, during the financial year was 10, (2024 - 10).

2025

2024

Number

Number

Employees including directors

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7.	INTANGIBLE ASSETS

		Goodwill	Total
		£	£
	Cost
	At 1 September 2024	95,144	95,144
		─────────	─────────

	At 31 August 2025	95,144	95,144
		─────────	─────────
	Amortisation

	At 31 August 2025	95,144	95,144
		─────────	─────────
	Net book value
	At 31 August 2025	-	-
		═════════	═════════


8.	TANGIBLE ASSETS
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 September 2024	7,126	7,126
		─────────	─────────

	At 31 August 2025	7,126	7,126
		─────────	─────────
	Depreciation
	At 1 September 2024	3,874	3,874
	Charge for the financial year	650	650
		─────────	─────────
	At 31 August 2025	4,524	4,524
		─────────	─────────
	Net book value
	At 31 August 2025	2,602	2,602
		═════════	═════════
	At 31 August 2024	3,252	3,252
		═════════	═════════


9.	STOCKS	2025	2024
		£	£

	Finished goods and goods for resale	1,883	2,093
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


10.	DEBTORS	2025	2024
		£	£

	Other debtors	4,047	100
	Prepayments and accrued income	14,636	18,413
		─────────	─────────
		18,683	18,513
		═════════	═════════


11.	CREDITORS	2025	2024
	Amounts falling due within one year	£	£

	Trade creditors	14,475	12,851
	Amounts owed to group undertakings	458,490	403,836
	Taxation	17,098	15,316
	Other creditors	2,011	1,173
	Accruals	19,897	12,396
		─────────	─────────
		511,971	445,572
		═════════	═════════

12.

DETAILS OF CREDITORS

Security given in respect of creditors

There is a fixed and floating charge over the property and undertaking of the company.

13.

PROVISIONS FOR LIABILITIES

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

314

314

389

Charged to profit and loss

(69)

(69)

(75)

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At financial year end

245

314

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14.	SHARE CAPITAL

	Allotted, issued and fully paid:

		2025	2024
		£	£

	100 'A' Ordinary Shares	100	100
		═════════	═════════