Water Lane Lounge Limited Company accounts

COMPANY REGISTRATION NUMBER: 14400916

Water Lane Lounge Limited

Unaudited Financial Statements

31 October 2025

Water Lane Lounge Limited

Financial Statements

Year ended 31 October 2025

Contents	Page

Officers and professional advisers	1

Director's report	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	5

Water Lane Lounge Limited

Officers and Professional Advisers

Director	Mr. Ali Delidogan

Registered office	834 Hertford Road
	Enfield
	Middlesex
	EN3 6UE

Accountants	Gursoy & Co. Accountants Ltd
	Certified Accountants
	834 Hertford Road
	Enfield
	Middlesex
	UK
	EN3 6UE

Water Lane Lounge Limited

Director's Report

Year ended 31 October 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 October 2025 .

Director

The director who served the company during the year was as follows:

Mr. Ali Delidogan

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 27 November 2025 and signed on behalf of the board by:

Mr. Ali Delidogan
Director

Registered office:

834 Hertford Road

Enfield

Middlesex

EN3 6UE

Water Lane Lounge Limited

Statement of Income and Retained Earnings

Year ended 31 October 2025

	2025	2024
Note	£	£
Turnover	672,960	702,339

Cost of sales	136,470	149,121
	---------	---------
Gross profit	536,490	553,218

Administrative expenses	475,238	472,532
	---------	---------
Operating profit	61,252	80,686

Other interest receivable and similar income		–	484
		---------	---------
Profit before taxation	5	61,252	81,170

Tax on profit	6	15,750	6,272
		--------	--------
Profit for the financial year and total comprehensive income		45,502	74,898
		--------	--------

Retained earnings at the start of the year	213,341	138,443
	---------	---------
Retained earnings at the end of the year	258,843	213,341
	---------	---------

All the activities of the company are from continuing operations.

Water Lane Lounge Limited

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	7	63,677	65,425

Current assets

Stocks		5,250	5,600
Debtors	8	280,093	179,131
Cash at bank and in hand		5,776	30,708
		---------	---------
		291,119	215,439

Creditors: amounts falling due within one year	9	95,853	67,423
		---------	---------
Net current assets		195,266	148,016
		---------	---------
Total assets less current liabilities		258,943	213,441
		---------	---------
Net assets		258,943	213,441
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	258,843	213,341
	---------	---------
Shareholders funds	258,943	213,441
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 October 2025 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 November 2025 , and are signed on behalf of the board by:

Mr. Ali Delidogan
Director

Company registration number: 14400916

Water Lane Lounge Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 834 Hertford Road, Enfield, Middlesex, EN3 6UE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	18% reducing balance
Equipment	-	18% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 13 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	13,389	13,773
	--------	--------

6. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	15,750	6,272
	--------	-------
Tax on profit	15,750	6,272
	--------	-------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 23.70 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	61,252	81,170
	--------	--------
Profit on ordinary activities by rate of tax	15,313	19,238
Adjustment to tax charge in respect of prior periods	–	( 1,680)
Effect of capital allowances and depreciation	437	( 11,286)
	--------	--------
Tax on profit	15,750	6,272
	--------	--------

7. Tangible assets

	Short leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 November 2024	2,682	79,835	–	82,517
Additions	–	9,451	2,190	11,641
	-------	--------	-------	--------
At 31 October 2025	2,682	89,286	2,190	94,158
	-------	--------	-------	--------
Depreciation
At 1 November 2024	–	17,092	–	17,092
Charge for the year	–	12,995	394	13,389
	-------	--------	-------	--------
At 31 October 2025	–	30,087	394	30,481
	-------	--------	-------	--------
Carrying amount
At 31 October 2025	2,682	59,199	1,796	63,677
	-------	--------	-------	--------
At 31 October 2024	2,682	62,743	–	65,425
	-------	--------	-------	--------

8. Debtors

	2025	2024
	£	£
Trade debtors	2,912	2,085
Other debtors	277,181	177,046
	---------	---------
	280,093	179,131
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	862
Trade creditors	31,743	12,125
Corporation tax	15,750	7,952
Social security and other taxes	27,732	17,567
Other creditors	20,628	28,917
	--------	--------
	95,853	67,423
	--------	--------

10. Financial instruments

The company has the following financial instruments:

	2025	2024
	£	£
Financial assets measured at amortised cost:
Trade and other debtors	2,912	2,085
Prepayments and accrued income	21,507	15,990
Loans to connected companies	255,674	161,056
	---------	---------
	280,093	179,131
	---------	---------

	2025	2024
	£	£
Financial liabilities measured at amortised cost:
Bank loans and overdraft	–	862
Trade and other creditors	31,743	12,125
Accruals	7,703	6,154
Directors loan account	12,038	21,953
Loan from connected company	887	810
	--------	--------
	52,371	41,904
	--------	--------

11. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr. Ali Delidogan	( 21,953)	–	9,915	( 12,038)
	--------	----	-------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr. Ali Delidogan	( 10,081)	( 11,872)	–	( 21,953)
	--------	--------	----	--------

12. Related party transactions

The following related party transactions were undertaken:

	2025	2024
	£	£
Loans to connected companies
Delidogan Properties Limited	213,187	127,088
RSA Grill Limited	42,487	33,968
	---------	---------
	255,674	161,056
	---------	---------

	2025	2024
	£	£
Loans from connected companies
Delicious Cafe E13 Limited	887	810

Mr. Ali Delidogan , the managing director and sole shareholder of Water Lane Lounge Limited , is also the managing director and majority shareholder of Delidogan Properties Limited and RSA Grill Limited and managing director and sole shareholder of Delicious Cafe E13 Limited. Also, Delidogan Properties Limited owns the premises that Water Lane Lounge Limited is trading from and charges rent to the company.