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Company Registration No. 14121064 (England and Wales)
MINA LOUNGE LTD Unaudited accounts for the year ended 31 May 2024
MINA LOUNGE LTD Unaudited accounts Contents
Page
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MINA LOUNGE LTD Company Information for the year ended 31 May 2024
Director
Rohit Shivkumar Sharma
Company Number
14121064 (England and Wales)
Registered Office
3 Brook Gate Cambridge CB1 2AA United Kingdom
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MINA LOUNGE LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
177,430 
72,004 
Current assets
Inventories
5,575 
5,500 
Debtors
35,000 
- 
Cash at bank and in hand
47,748 
95,606 
88,323 
101,106 
Creditors: amounts falling due within one year
(250,886)
(56,259)
Net current (liabilities)/assets
(162,563)
44,847 
Net assets
14,867 
116,851 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,767 
116,751 
Shareholders' funds
14,867 
116,851 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2024 and were signed on its behalf by
Rohit Shivkumar Sharma Director Company Registration No. 14121064
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MINA LOUNGE LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MINA LOUNGE LTD is a private company, limited by shares, registered in England and Wales, registration number 14121064. The registered office is 3 Brook Gate, Cambridge, CB1 2AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20& Reducing balance
Motor vehicles
20& Reducing balance
Fixtures & fittings
20& Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
- 
3,750 
86,255 
90,005 
Additions
5,585 
6,000 
124,198 
135,783 
At 31 May 2024
5,585 
9,750 
210,453 
225,788 
Depreciation
At 1 June 2023
- 
750 
17,251 
18,001 
Charge for the year
1,117 
1,800 
27,440 
30,357 
At 31 May 2024
1,117 
2,550 
44,691 
48,358 
Net book value
At 31 May 2024
4,468 
7,200 
165,762 
177,430 
At 31 May 2023
- 
3,000 
69,004 
72,004 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
35,000 
- 
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MINA LOUNGE LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
179,532 
18,268 
Taxes and social security
55,454 
37,984 
Other creditors
24,207 
- 
Loans from directors
(8,307)
7 
250,886 
56,259 
7
Average number of employees
During the year the average number of employees was 24 (2023: 9).
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