Wigmore Street (T) Hairdressing Limited iXBRL

Wigmore Street (T) Hairdressing Limited

FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

WIGMORE STREET (T) HAIRDRESSING LIMITED

DIRECTORS AND OTHER INFORMATION


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


Company Registration Number	12838342


Registered Office	Berkeley House
	Amery Street
	Alton
	Hampshire
	GU34 1HN
	United Kingdom


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

WIGMORE STREET (T) HAIRDRESSING LIMITED

Company Registration Number: 12838342

BALANCE SHEET

as at 31 August 2025

		2025	2024
	Notes	£	£

Fixed Assets

Intangible assets

10,452

14,372

Tangible assets

183,714

266

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Fixed Assets

194,166

14,638

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Current Assets

Stocks

3,533

3,667

Debtors

87,449

25,059

Cash and cash equivalents

5,145

16,219

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96,127

44,945

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Creditors: amounts falling due within one year

(533,758)

(303,755)

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Net Current Liabilities

(437,631)

(258,810)

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Total Assets less Current Liabilities

(243,465)

(244,172)

Provisions for liabilities

(34,926)

(67)

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Net Liabilities

(278,391)

(244,239)

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Capital and Reserves

Called up share capital

Retained earnings

(278,392)

(244,240)

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Equity attributable to owners of the company

(278,391)

(244,239)

═════════

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

WIGMORE STREET (T) HAIRDRESSING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

GENERAL INFORMATION

Wigmore Street (T) Hairdressing Limited is a private company, limited by shares, registered in England and Wales. The company's 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.

Intangible assets

Leasehold Costs

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.

Leasehold costs are being amortised evenly over their estimated useful life of five years.

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% on 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.

Leasing

Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.

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 only affects that period or in the period of revision 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 number of employees during the year was 10 (2024 - 8).


7.	INTANGIBLE ASSETS
		Leasehold
		Costs	Total
		£	£
	Cost
	At 1 September 2024	19,598	19,598
		─────────	─────────

	At 31 August 2025	19,598	19,598
		─────────	─────────
	Amortisation
	At 1 September 2024	5,226	5,226
	Charge for financial year	3,920	3,920
		─────────	─────────
	At 31 August 2025	9,146	9,146
		─────────	─────────
	Net book value
	At 31 August 2025	10,452	10,452
		═════════	═════════
	At 31 August 2024	14,372	14,372
		═════════	═════════


8.	TANGIBLE ASSETS
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 September 2024	567	567
	Additions	184,722	184,722
		─────────	─────────
	At 31 August 2025	185,289	185,289
		─────────	─────────
	Depreciation
	At 1 September 2024	301	301
	Charge for the financial year	1,274	1,274
		─────────	─────────
	At 31 August 2025	1,575	1,575
		─────────	─────────
	Net book value
	At 31 August 2025	183,714	183,714
		═════════	═════════
	At 31 August 2024	266	266
		═════════	═════════


9.	STOCKS	2025	2024
		£	£

	Finished goods and goods for resale	3,533	3,667
		═════════	═════════

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


10.	DEBTORS	2025	2024
		£	£

	Amounts owed by group undertakings	56,297	10,804
	Other debtors	64	64
	Taxation	12,826	-
	Prepayments and accrued income	18,262	14,191
		─────────	─────────
		87,449	25,059
		═════════	═════════


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

	Trade creditors	15,601	6,436
	Amounts owed to group undertakings	461,037	219,869
	Taxation	8,677	28,674
	Other creditors	2,415	4,006
	Accruals	46,028	44,770
		─────────	─────────
		533,758	303,755
		═════════	═════════

12.

DETAILS OF CREDITORS

Security given in respect of creditors

In addition, the company is party to cross-guarantee agreements with Covent Garden (T) Hairdressing Limited, Gloucester Road (T) Hairdressing Limited, Kensington (T) Hairdressing Limited, Mascolo Holdings Limited, North Audley Street (T) Hairdressing Limited, Pixieacre Limited, Shoreditch (T) Hairdressing Limited, Sloane Square (T) Hairdressing Limited, South Kensington (T) Hairdressing Limited, Toni & Guy Holdings Limited, Toni & Guy Limited, Victoria (T) Hairdressing Limited and Wimbledon (T) Hairdressing Limited, whereby each party guarantees the bank facilities of the others.

The company had not been called upon to make any payments under these guarantees during the year.

13.

PROVISIONS FOR LIABILITIES

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

Charged to profit and loss

34,859

34,859

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At financial year end

34,926

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14.

CONTROLLING INTEREST

The ultimate controlling party is Mascolo Limited.


15.	SHARE CAPITAL

	Allotted, issued and fully paid:

		2025	2024
		£	£

	1 Ordinary	1	1
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