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Company Registration No. 15516148 (England and Wales)
LOUNGETIME GROUP LTD Unaudited accounts for the period from 23 February 2024 to 28 February 2025
LOUNGETIME GROUP LTD Unaudited accounts Contents
Page
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LOUNGETIME GROUP LTD Company Information for the period from 23 February 2024 to 28 February 2025
Directors
Wojciech Powroznik Tomasz Powroznik
Company Number
15516148 (England and Wales)
Registered Office
Monomark House 27 Old Gloucester Street London WC1N 3AX England
Accountants
Euro Lex Ltd 27 Old Gloucester Street London WC1N 3AX
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LOUNGETIME GROUP LTD Accountants' report
Accountants' report to the board of directors of LOUNGETIME GROUP LTD on the preparation of the unaudited statutory accounts for the period from 23 February 2024 to 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LOUNGETIME GROUP LTD for the period from 23 February 2024 to 28 February 2025 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LOUNGETIME GROUP LTD, as a body, in accordance with the terms of our engagement letter dated 23 February 2024. Our work has been undertaken solely to prepare for your approval the accounts of LOUNGETIME GROUP LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LOUNGETIME GROUP LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LOUNGETIME GROUP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LOUNGETIME GROUP LTD. You consider that LOUNGETIME GROUP LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of LOUNGETIME GROUP LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Euro Lex Ltd 27 Old Gloucester Street London WC1N 3AX 2 April 2025
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LOUNGETIME GROUP LTD Statement of financial position as at 28 February 2025
2025 
Notes
£ 
Net current assets
- 
Total assets less current liabilities
- 
Creditors: amounts falling due after more than one year
(29,528)
Net liabilities
(29,528)
Capital and reserves
Called up share capital
1,000 
Profit and loss account
(30,528)
Shareholders' funds
(29,528)
For the period ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by
Tomasz Powroznik Director Company Registration No. 15516148
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LOUNGETIME GROUP LTD Notes to the Accounts for the period from 23 February 2024 to 28 February 2025
1
Statutory information
LOUNGETIME GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 15516148. The registered office is Monomark House, 27 Old Gloucester Street, London, WC1N 3AX, England.
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 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.
4
Creditors: amounts falling due after more than one year
2025 
£ 
Loans from directors
29,528 
During the year, the company was financed by loans from its directors, Mr. Tomasz Powroznik and Mr. Wojciech Powroznik, amounting to £29,528 (£14,764 each) to support initial operations. The loan remains outstanding at the year-end and will be repaid in due course. Directors’ loan (T. Powroznik & W. Powroznik) £29,528
5
Share capital
2025 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £10 each
1,000 
6
Transactions with related parties
The company received an equal loan from its directors, Mr Tomasz Powroznik (Managing Director) and Mr Wojciech Powroznik (Director), amounting to £29,528 (£14,764 each) to support the company’s first year of operations. The loan is unsecured. It is interest-free. It is repayable after more than one year, with no formal repayment schedule in place. No amounts were repaid as of the reporting date.
7
Average number of employees
During the period the average number of employees was 3.
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