Registered number
04554931
The Wedding Lounge (London) Limited
Filleted Accounts for the year ended
30 November 2024
The Wedding Lounge (London) Limited
Registered number: 04554931
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,644 3,526
Investments 4 23,160 23,160
25,804 26,686
Current assets
Debtors 5 127,632 124,459
Cash at bank and in hand 7,289 46,552
134,921 171,011
Creditors: amounts falling due within one year 6 (78,127) (95,454)
Net current assets 56,794 75,557
Total assets less current liabilities 82,598 102,243
Creditors: amounts falling due after more than one year 7 (8,424) (17,204)
Net assets 74,174 85,039
Capital and reserves
Called up share capital 2 2
Profit and loss account 74,172 85,037
Shareholders' funds 74,174 85,039
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K M Horatta
Director
Approved by the board on 26 August 2025
The Wedding Lounge (London) Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 41,419
At 30 November 2024 41,419
Depreciation
At 1 December 2023 37,893
Charge for the year 882
At 30 November 2024 38,775
Net book value
At 30 November 2024 2,644
At 30 November 2023 3,526
4 Investments
Other
investments
£
Cost
At 1 December 2023 23,160
At 30 November 2024 23,160
5 Debtors 2024 2023
£ £
Loans to associated companies 122,459 122,459
Other debtors 5,173 2,000
127,632 124,459
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,576 9,796
Trade creditors 23,124 27,794
Loans from associated companies 21,966 19,890
Taxation and social security costs 23,117 29,837
Director's loan - 6,137
Other creditors 344 2,000
78,127 95,454
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,424 17,204
8 Related party transactions
As at 30 November 2024, the company owed the directors £Nil (2023: £6,137).

As at 30 November 2024, the company was owed a total of £122,459 by associated companies (2023: £122,459) comprising of £70,000 by Silver Line Harlow Ltd (2023: £70,000) and £52,459 by LH Property Co Ltd (2023: £52,459).

The associated company loans above are included in debtors.

As at 30 November 2024, the company owed associated companies a total of £21,966 (2023: £21,890) comprising of £2,076 by LH Property Co Ltd (2023: £2,000) and £19,890 by (UK) Production Ltd (2023: £19,890).

These loans have been included in creditors.

All loans to and from associated companies are on an interest free basis.

The directors K M Horratta and/or K P Georgiou have an interest in each of the associated companies listed above.
9 Controlling party
There is no ultimate controlling party. The directors K M Horatta and K P Georgiou own 50% of the issued share capital each.
10 Other information
The Wedding Lounge (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Circle Line House
8 East Road
Harlow
Essex
CM20 2BJ
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