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REGISTERED NUMBER: 10821057 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

THE LOUNGE GROUP LIMITED

| THE LOUNGE GROUP LIMITED (REGISTERED NUMBER: 10821057) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| THE LOUNGE GROUP LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTOR: | Mr S P Crompton

| REGISTERED OFFICE: | Mill Brow Lodge

| Mill Brow

| Barrow-in-Furness

| Cumbria

| LA13 0PD

| REGISTERED NUMBER: | 10821057 (England and Wales)

| BANKERS: | Barclays Bank plc

| Leicestershire

| LE87 2BB

| THE LOUNGE GROUP LIMITED (REGISTERED NUMBER: 10821057) |

ABRIDGED BALANCE SHEET

30 JUNE 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 11,212 |  | 16,764 |  |

Tangible assets | 5 | 218,712 |  | 207,948 |  |

229,924 |  | 224,712 |  |

CURRENT ASSETS

Stocks | 6,214 |  | 11,941 |  |

Debtors | 1,184 |  | 1,348 |  |

Cash at bank and in hand | 16,280 |  | 17,290 |  |

23,678 |  | 30,579 |  |

CREDITORS

Amounts falling due within one year | 379,678 |  | 364,507 |  |

NET CURRENT LIABILITIES | (356,000 | ) | (333,928 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (126,076 | ) | (109,216 | ) |

CREDITORS

Amounts falling due after more than one year | - |  | 10,000 |  |

NET LIABILITIES | (126,076 | ) | (119,216 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | (126,176 | ) | (119,316 | ) |

SHAREHOLDERS' FUNDS | (126,076 | ) | (119,216 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| THE LOUNGE GROUP LIMITED (REGISTERED NUMBER: 10821057) |

ABRIDGED BALANCE SHEET - continued

30 JUNE 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2026 and were signed by:

Mr S P Crompton - Director

| THE LOUNGE GROUP LIMITED (REGISTERED NUMBER: 10821057) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| The Lounge Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements have been prepared on the going concern basis.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding VAT.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | not provided

| Improvements to property | - | at varying rates on cost

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 33% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

| THE LOUNGE GROUP LIMITED (REGISTERED NUMBER: 10821057) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 55,520 |  |

| AMORTISATION

| At 1 July 2024 | 38,756 |  |

| Amortisation for year | 5,552 |  |

| At 30 June 2025 | 44,308 |  |

| NET BOOK VALUE

| At 30 June 2025 | 11,212 |  |

| At 30 June 2024 | 16,764 |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 July 2024 | 303,957 |  |

| Additions | 21,592 |  |

| At 30 June 2025 | 325,549 |  |

| DEPRECIATION

| At 1 July 2024 | 96,009 |  |

| Charge for year | 10,828 |  |

| At 30 June 2025 | 106,837 |  |

| NET BOOK VALUE

| At 30 June 2025 | 218,712 |  |

| At 30 June 2024 | 207,948 |  |

6. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 30.6.25 |  | 30.6.24

£ | £ |

| Within one year | 2,628 |  | 2,628 |  |

| Between one and five years | - |  | 2,628 |  |

2,628 |  | 5,256 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| THE LOUNGE GROUP LIMITED (REGISTERED NUMBER: 10821057) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

8. | RELATED PARTY DISCLOSURES

| As at 30 June 2025 The Lounge Group Limited owed Cloud 9 Bars Limited, a company owned and controlled by Miss S T Molina (a 50% shareholder in The Lounge Group Ltd), £3,393 (2024 : £4,511).

| As at 30 June 2025 the company owed £346,248 (2024 : £329,667) to Mr S Crompton, a director of the company. The amount is interest-free, unsecured and repayable on demand.

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr S Crompton & Miss S Molina.