7 November 2023 false No description of principal activity Taxfiler 2024.6 15265754business:PrivateLimitedCompanyLtd2023-11-072024-11-30 152657542023-11-06 152657542023-11-072024-11-30 15265754business:AuditExempt-NoAccountantsReport2023-11-072024-11-30 15265754business:FilletedAccounts2023-11-072024-11-30 152657542024-11-30 15265754business:Director12023-11-072024-11-30 15265754business:RegisteredOffice2023-11-072024-11-30 15265754core:WithinOneYear2024-11-30 15265754core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 15265754core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 15265754core:PreviouslyStatedAmount2024-11-30 15265754business:SmallEntities2023-11-072024-11-30 15265754countries:EnglandWales2023-11-072024-11-30 15265754core:PlantMachinery2023-11-072024-11-30 15265754core:FurnitureFittings2023-11-072024-11-30 15265754core:PlantMachinery2023-11-06 15265754core:FurnitureFittings2023-11-06 15265754core:PlantMachinery2024-11-30 15265754core:FurnitureFittings2024-11-30 iso4217:GBP xbrli:pure
Company Registration No. 15265754 (England and Wales)
Privilege Lounge Ltd Unaudited accounts for the period from 7 November 2023 to 30 November 2024
Privilege Lounge Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Privilege Lounge Ltd Company Information for the period from 7 November 2023 to 30 November 2024
Director
Davi DA SILVA SIMIONI
Company Number
15265754 (England and Wales)
Registered Office
30 High Street Epsom KT19 8AH England
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Privilege Lounge Ltd Statement of financial position as at 30 November 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
4
5,227 
Current assets
Inventories
21,066 
Debtors
5
6,082 
Cash at bank and in hand
2,263 
29,411 
Creditors: amounts falling due within one year
6
(29,072)
Net current assets
339 
Net assets
5,566 
Capital and reserves
Called up share capital
1 
Profit and loss account
5,565 
Shareholders' funds
5,566 
For the period ending 30 November 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 13 October 2025 and were signed on its behalf by
Davi DA SILVA SIMIONI Director Company Registration No. 15265754
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Privilege Lounge Ltd Notes to the Accounts for the period from 7 November 2023 to 30 November 2024
1
Statutory information
Privilege Lounge Ltd is a private company, limited by shares, registered in England and Wales, registration number 15265754. The registered office is 30 High Street, Epsom, KT19 8AH, 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.
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
Straight line-15%
Fixtures & fittings
Straight line-10%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 7 November 2023
- 
- 
- 
Additions
3,814 
2,206 
6,020 
At 30 November 2024
3,814 
2,206 
6,020 
Depreciation
Charge for the period
572 
221 
793 
At 30 November 2024
572 
221 
793 
Net book value
At 30 November 2024
3,242 
1,985 
5,227 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
6,082 
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Privilege Lounge Ltd Notes to the Accounts for the period from 7 November 2023 to 30 November 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
13,064 
Taxes and social security
80 
Loans from directors
15,928 
29,072 
7
Average number of employees
During the period the average number of employees was 0.
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