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REGISTERED NUMBER: 07678947 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2021 TO 30 SEPTEMBER 2022

FOR

TAMARA LOUNGE LIMITED

TAMARA LOUNGE LIMITED (REGISTERED NUMBER: 07678947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2021 TO 30 SEPTEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TAMARA LOUNGE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2021 TO 30 SEPTEMBER 2022







DIRECTORS: Mr N Chande
Mr K E Mogantas





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 07678947 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

TAMARA LOUNGE LIMITED (REGISTERED NUMBER: 07678947)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 689,014 308,616

CURRENT ASSETS
Stocks 69,758 10,265
Debtors 5 750,690 586,908
Cash at bank and in hand 18,901 65,328
839,349 662,501
CREDITORS
Amounts falling due within one year 6 712,788 445,508
NET CURRENT ASSETS 126,561 216,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,575

525,609

CREDITORS
Amounts falling due after more than one
year

7

(193,730

)

(158,091

)

PROVISIONS FOR LIABILITIES 9 (58,856 ) (22,980 )
NET ASSETS 562,989 344,538

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 561,989 343,538
562,989 344,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2022 and were signed on its behalf by:





Mr N Chande - Director


TAMARA LOUNGE LIMITED (REGISTERED NUMBER: 07678947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2021 TO 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Tamara Lounge 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The 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 where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.
The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Leasehold improvements - Over the lease period
Fixtures and fittings - 25% reducing balance
Motor Vehicles - 25% reducing balance

The company has adopted the policy to not depreciate in the year of acquisition but to provide full depreciation in
the year of disposal.

Stocks
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.


TAMARA LOUNGE LIMITED (REGISTERED NUMBER: 07678947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2021 TO 30 SEPTEMBER 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension costs and other post-retirement 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 45 (2021 - 32 ) .

TAMARA LOUNGE LIMITED (REGISTERED NUMBER: 07678947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2021 TO 30 SEPTEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2021 288,499 - 892,065 12,995 1,193,559
Additions 169,206 32,581 259,563 - 461,350
At 30 September 2022 457,705 32,581 1,151,628 12,995 1,654,909
DEPRECIATION
At 1 April 2021 67,369 - 811,076 6,498 884,943
Charge for period 21,637 32,581 24,297 2,437 80,952
At 30 September 2022 89,006 32,581 835,373 8,935 965,895
NET BOOK VALUE
At 30 September 2022 368,699 - 316,255 4,060 689,014
At 31 March 2021 221,130 - 80,989 6,497 308,616

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 737,269 492,156
Other debtors 13,421 94,752
750,690 586,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 54,622 21,281
Trade creditors 183,376 86,198
Amounts owed to group undertakings 43,356 -
Taxation and social security 346,479 234,217
Other creditors 84,955 103,812
712,788 445,508

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 154,726 151,236
Other creditors 39,004 6,855
193,730 158,091

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 203,082 151,236

The bank loan is secured by way of fixed and floating charge on the assets of the company and has negative pledge.

A bank loan has also been provided to the parent company and this is secured by way of fixed and floating charge on this subsidiary's assets and contains a negative pledge.

TAMARA LOUNGE LIMITED (REGISTERED NUMBER: 07678947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2021 TO 30 SEPTEMBER 2022

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 35,876 17,807
Deferred tax 22,980 5,173
58,856 22,980

Deferred
tax
£   
Balance at 1 April 2021 22,980
Provided during period 35,876
Balance at 30 September 2022 58,856

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.