Registration number: 10524303

Elastic Lounge Ltd

Contents

Company Information	1
Director's Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	3

Elastic Lounge Ltd

Company Information

Director

Mr Timothy Greenhalgh

Registered office

20-22 Wenlock Road London N1 7GU

Elastic Lounge Ltd

Director's Report for the Year Ended 31 December 2024

The director presents his report and the financial statements for the year ended 31 December 2024.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Director of the company

The director who held office during the year was as follows:

Mr Timothy Greenhalgh

Going concern

The company is reliant on funding from the director.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 29 September 2025 and signed on its behalf by:

Mr Timothy Greenhalgh
Director

Elastic Lounge Ltd

(Registration number: 10524303)
Balance Sheet as at 31 December 2024

	2024 £	2023 £
Fixed assets	346	462
Current assets	2,656	3,011
Creditors: Amounts falling due within one year	(10,977)	(7,596)
Net current liabilities	(8,321)	(4,585)
Total assets less current liabilities	(7,975)	(4,123)
Creditors: Amounts falling due after more than one year	(796)	(3,166)
Accruals and deferred income	(910)	(875)
	(9,681)	(8,164)
Capital and reserves	(9,681)	(8,164)

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU
England

The principal place of business is:
Tremeneth
Shrubberies Hill
Porthleven
HELSTON
Cornwall
TR13 9BJ
United Kingdom

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 1).

Elastic Lounge Ltd

(Registration number: 10524303)
Balance Sheet as at 31 December 2024

3	Related party transactions

At the balance sheet date, the company was owed an amount of £2,655 (2023 - £1,735) by the director. The loan is interest free and repayable on demand.

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025
 

Mr Timothy Greenhalgh
Director