2023-07-26 2024-07-31 false Capium Accounts Production 1.1 15030543 2023-07-26 2024-07-31 15030543 bus:AbridgedAccounts 2023-07-26 2024-07-31 15030543 bus:FRS102 2023-07-26 2024-07-31 15030543 bus:AuditExemptWithAccountantsReport 2023-07-26 2024-07-31 15030543 bus:SmallCompaniesRegimeForAccounts 2023-07-26 2024-07-31 15030543 bus:PrivateLimitedCompanyLtd 2023-07-26 2024-07-31 15030543 2023-07-26 2024-07-31 15030543 2024-07-31 15030543 bus:RegisteredOffice 2023-07-26 2024-07-31 15030543 core:WithinOneYear 2024-07-31 15030543 core:AfterOneYear 2024-07-31 15030543 1 2023-07-26 2024-07-31 15030543 bus:Director1 2023-07-26 2024-07-31 15030543 bus:Director1 2024-07-31 15030543 2022-07-26 15030543 bus:LeadAgentIfApplicable 2023-07-26 2024-07-31 15030543 2023-07-25 15030543 bus:OrdinaryShareClass1 2023-07-26 2024-07-31 15030543 bus:OrdinaryShareClass1 2024-07-31 15030543 core:FurnitureFittings 2023-07-26 2024-07-31 15030543 core:FurnitureFittings 2024-07-31 15030543 core:FurnitureFittings 2023-07-25 15030543 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-07-31 15030543 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-25 15030543 core:NetGoodwill 2023-07-26 2024-07-31 15030543 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 15030543 core:CostValuation core:Non-currentFinancialInstruments 2023-07-25 15030543 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 15030543 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 15030543 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 15030543 core:Non-currentFinancialInstruments 2024-07-31 15030543 core:Non-currentFinancialInstruments 2023-07-25 15030543 core:ShareCapital 2024-07-31 15030543 core:RetainedEarningsAccumulatedLosses 2024-07-31 15030543 dpl:Item1 2023-07-26 15030543 dpl:Item1 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 15030543
England and Wales

 

 

 

MASTI LOUNGE LTD


Abridged Accounts
 


Period of accounts

Start date: 26 July 2023

End date: 31 July 2024
Report to the directors on the preparation of the unaudited statutory accounts of MASTI LOUNGE LTD for the year ended 31 July 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MASTI LOUNGE LTD for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of MASTI LOUNGE LTD, as a body, in accordance with the terms of our engagement letter dated 25 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of MASTI LOUNGE LTD and state those matters that we have agreed to state to the Board of Directors of MASTI LOUNGE LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MASTI LOUNGE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MASTI LOUNGE 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 profit of MASTI LOUNGE LTD. You consider that MASTI LOUNGE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MASTI LOUNGE 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
31 July 2024.



....................................................
Harans & co
Harans & co

Chartered certified accountants
324 Stafford road
Croydon
Surrey
CR0 4NH
25 April 2025
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 10,357 
10,357 
Current assets    
Debtors 103,730 
Cash at bank and in hand 248 
103,978 
Creditors: amount falling due within one year (45,180)
Net current assets 58,798 
 
Total assets less current liabilities 69,155 
Creditors: amount falling due after more than one year (90,091)
Net assets (20,936)
 

Capital and reserves
   
Called up share capital 4 100 
Profit and loss account (21,036)
Shareholders' funds (20,936)
 


For the period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 25 April 2025 and were signed by:


-------------------------------
Mr Purna Sekhar Reddy Katari
Director
2
General Information
MASTI LOUNGE LTD is a private company, limited by shares, registered in England and Wales, registration number 15030543, registration address Portofino,, Haven Road, Colchester, CO2 8HT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 26 July 2023  
Additions 12,185    12,185 
Disposals  
At 31 July 2024 12,185    12,185 
Depreciation
At 26 July 2023  
Charge for period 1,828    1,828 
On disposals  
At 31 July 2024 1,828    1,828 
Net book values
Closing balance as at 31 July 2024 10,357    10,357 
Opening balance as at 26 July 2023  


4.

Share Capital

Allotted, called up and fully paid
2024
£
100 Class shares of £1.00 each 100 
100 

3