North Audley Street (T) Hairdressing Limited iXBRL

North Audley Street (T) Hairdressing Limited

FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

NORTH AUDLEY STREET (T) HAIRDRESSING LIMITED

DIRECTORS AND OTHER INFORMATION


Directors	Mrs Sacha Maria Mascolo-Tarbuck
	Mr David Fitzgerald (Appointed 15 July 2026)
	Mr Christian Francesco Mascolo (Resigned 6 July 2026)
	Mr Pierre Patrick Mascolo (Resigned 10 July 2026)
	Mrs Pauline Rose Mascolo (Resigned 6 May 2025)


Company Registration Number	12838426


Registered Office	Berkeley House
	Amery Street
	Alton
	Hampshire
	GU341HN
	United Kingdom


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

NORTH AUDLEY STREET (T) HAIRDRESSING LIMITED

Company Registration Number: 12838426

BALANCE SHEET

as at 31 August 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets	7	1	42,018
		─────────	─────────

Current Assets

Stocks

2,274

Debtors

9,461

46,283

Cash and cash equivalents

5,281

12,124

─────────

14,742

60,681

─────────

Creditors: amounts falling due within one year

(456,728)

(412,529)

─────────

Net Current Liabilities

(441,986)

(351,848)

─────────

Total Assets less Current Liabilities

(441,985)

(309,830)

Provisions for liabilities

(10,505)

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Net Liabilities

(441,985)

(320,335)

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

(442,085)

(320,435)

─────────

Equity attributable to owners of the company

(441,985)

(320,335)

═════════

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 13 August 2026 and signed on its behalf by



________________________________
Mrs Sacha Maria Mascolo-Tarbuck
Director

NORTH AUDLEY STREET (T) HAIRDRESSING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

GENERAL INFORMATION

North Audley Street (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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. 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:

Salon Equipment

20% Reducing Balance

Fixtures, fittings and equipment

20% Reducing Balance and 10% 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.

Employee benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 15th August 2026.

EMPLOYEES

The average monthly number of employees, including directors, during the financial year was 6, (2024 - 9).

2025

2024

Number

Number

Employees including directors

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7.	TANGIBLE ASSETS
		Salon	Fixtures,	Total
		Equipment	fittings and
			equipment
		£	£	£
	Cost
	At 1 September 2024	3,017	60,406	63,423
	Disposals	(3,017)	(60,406)	(63,423)
		─────────	─────────	─────────
	At 31 August 2025	-	-	-
		─────────	─────────	─────────
	Depreciation
	At 1 September 2024	998	20,407	21,405
	On disposals	(998)	(20,408)	(21,406)
		─────────	─────────	─────────
	At 31 August 2025	-	(1)	(1)
		─────────	─────────	─────────
	Net book value
	At 31 August 2025	-	1	1
		═════════	═════════	═════════
	At 31 August 2024	2,019	39,999	42,018
		═════════	═════════	═════════


8.	STOCKS	2025	2024
		£	£

	Finished goods and goods for resale	-	2,274
		═════════	═════════

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


9.	DEBTORS	2025	2024
		£	£

	Trade debtors	-	1,200
	Amounts owed by group undertakings	3,613	13,944
	Other debtors	5,520	100
	Taxation	328	-
	Prepayments and accrued income	-	31,039
		─────────	─────────
		9,461	46,283
		═════════	═════════


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

	Trade creditors	5,547	22,658
	Amounts owed to group undertakings	438,850	351,911
	Taxation	5,745	14,223
	Other creditors	-	2,661
	Accruals	6,586	21,076
		─────────	─────────
		456,728	412,529
		═════════	═════════

11.

DETAILS OF CREDITORS

Security given in respect of creditors

Gloucester Road (T) Hairdressing Limited, Kensington (T) Hairdressing Limited, Mascolo Holdings 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, Wigmore Street (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.


12.	PROVISIONS FOR LIABILITIES

	The amounts provided for deferred taxation are analysed below:

		Capital	Total	Total
		allowances

			2025	2024
		£	£	£

	At financial year start	10,505	10,505	11,742
	Charged to profit and loss	(10,505)	(10,505)	(1,237)
		─────────	─────────	─────────
	At financial year end	-	-	10,505
		═════════	═════════	═════════

13.

CONTROLLING INTEREST

The ultimate controlling party is Mascolo Limited.


14.	CALLED UP SHARE CAPITAL

	Allotted, issued and fully paid:

		2025	2024
		£	£

	100 Ordinary Shares	100	100
		═════════	═════════

15.

CESSATION OF OPERATIONS

The company ceased trading on 4th June 2025.