Acorah Software Products - Accounts Production 19.3.550 false true true 31 December 2024 1 January 2024 false 26 June 2026 1 January 2025 31 December 2025 31 December 2025 14098108 Mr Francesco Carenza Ms Sarah Amy GRICE false true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14098108 2024-12-31 14098108 2025-12-31 14098108 2025-01-01 2025-12-31 14098108 frs-core:CurrentFinancialInstruments 2025-12-31 14098108 frs-core:ShareCapital 2025-12-31 14098108 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 14098108 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 14098108 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 14098108 frs-bus:SmallEntities 2025-01-01 2025-12-31 14098108 frs-bus:Audited 2025-01-01 2025-12-31 14098108 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 14098108 1 2025-01-01 2025-12-31 14098108 frs-core:CostValuation 2024-12-31 14098108 frs-core:CostValuation 2025-12-31 14098108 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 14098108 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 14098108 frs-bus:Director1 2025-01-01 2025-12-31 14098108 frs-bus:Director2 2025-01-01 2025-12-31 14098108 frs-core:CurrentFinancialInstruments 1 2025-12-31 14098108 frs-core:CurrentFinancialInstruments 2 2025-12-31 14098108 frs-core:CurrentFinancialInstruments 3 2025-12-31 14098108 frs-countries:EnglandWales 2025-01-01 2025-12-31 14098108 2023-12-31 14098108 2024-12-31 14098108 2024-01-01 2024-12-31 14098108 frs-core:CurrentFinancialInstruments 2024-12-31 14098108 frs-core:ShareCapital 2024-12-31 14098108 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14098108 frs-core:CurrentFinancialInstruments 1 2024-12-31 14098108 frs-core:CurrentFinancialInstruments 2 2024-12-31 14098108 frs-core:CurrentFinancialInstruments 3 2024-12-31
Registered number: 14098108
PH BEAUTY GB LIMITED
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14098108
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 10,000 10,000
10,000 10,000
CURRENT ASSETS
Debtors 5 90,794 710,828
Cash at bank and in hand 152,758 6,907
243,552 717,735
Creditors: Amounts Falling Due Within One Year 6 (259,175 ) (726,729 )
NET CURRENT ASSETS (LIABILITIES) (15,623 ) (8,994 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,623 ) 1,006
NET (LIABILITIES)/ASSETS (5,623 ) 1,006
CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Profit and Loss Account (15,623 ) (8,994 )
SHAREHOLDERS' FUNDS (5,623) 1,006
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 Francesco Carenza
Director
24/06/2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PH BEAUTY GB LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14098108 . The registered office is 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE.
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.
2.2. Going Concern Disclosure
The company is reliant for its working capital on funds provided to it by Give Back Beauty Holding S.p.A., the ultimate parent undertaking, who has confirmed that they will continue to make such funds available to the Company for a period of 12 months from the date of approval of these financial statements and, in particular, will not seek repayment of the amounts currently made available. This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due.
As with any company placing reliance on other group entities for financial support, the directors acknowledge that
there can be no certainty that this support will continue although, at the date of approval of these financial
statements, they have no reason to believe that it will not do so. On this basis, the directors consider it appropriate to
prepare the financial statements on a going concern basis.
2.3. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
2.7. Trade and Other Debtors
Trade and other debtors are measured at transaction price less any impairment. An impairment provision is made
when there is evidence that the company may not collect all amounts due.
2.8. Trade and Other Creditors
Trade and other creditors are initially recognised at transaction price and measured at amortised cost. They include
amounts owed to suppliers, accruals for unpaid expenses, taxes, and amounts due to group companies. All are
classified as current liabilities unless payable after more than 12 months.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investments
Other
£
Cost or Valuation
As at 1 January 2025 10,000
As at 31 December 2025 10,000
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 10,000
As at 1 January 2025 10,000
The company has made an Investment in the share capital of PHGB Beauty Ltd for £10,000 (100%). 
5. Debtors
2025 2024
£ £
Due within one year
Amounts due from group undertakings - 650,000
Interest receivable 90,394 60,428
VAT Receivable 400 400
90,794 710,828
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,089 3,432
Loan Interest payable 80,183 53,373
WHT Taxes 8,909 5,930
Amounts due to Group undertakings 159,994 659,994
Accruals and deferred income 4,000 4,000
259,175 726,729
Page 3
Page 4
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
8. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
9. Controlling Parties
As at the balance sheet date the ultimate controlling undertaking is Give Back Beauty Holding S.p.A., a company incorporated in Italy.
Copies of the consolidated financial statements are available from the company secretary. The registered company address is:
Corso Italia, Milan 20122, Italy
10. Audit Information
The auditor's report on the accounts of PH BEAUTY GB LIMITED for the year ended 31 December 2025 was unqualified.
The auditors emphasised the following matter without qualifying their report:
We draw attention to (Note 2.2) in the financial statements, which describes the basis upon which the directors have
prepared the financial statements on a going concern basis. As disclosed in the note, the company is dependent on the
continued financial support of its parent undertaking, Give Back Beauty S.p.A. to meet its liabilities as they fall due.
The parent undertaking has provided a letter of support confirming its intention to provide such financial support for a period
of at least twelve months from the date of approval of these financial statements. The directors have concluded that this
support provides them with a reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future.
Our opinion is not modified in respect of this matter
The auditor's report was signed by Colin Ellis FCCA CF (Senior Statutory Auditor) for and on behalf of Anstey Bond LLP , Statutory Auditor.
Anstey Bond LLP
1 Chartehouse Mews
London
EC1M 6BB
Page 4