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Company Registration Number: 05427177

Lounge Leisure Limited

Unaudited Financial Statements

for the financial year ended 31 October 2025

Lounge Leisure Limited

Company Registration Number: 05427177

BALANCE SHEET

as at 31 October 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 4 | 200,811 |  | 235,456
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 5 | 8,914 |  | 9,463
Debtors |  | 6 | 19,543 |  | 29,743
Cash at bank and in hand |  |  | 51,722 |  | 54,441
|  |  | ───────── |  | ─────────
|  |  | 80,179 |  | 93,647
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 7 | (167,129) |  | (159,105)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (86,950) |  | (65,458)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 113,861 |  | 169,998
Creditors:

amounts falling due after more than one year |  | 8 | (37,252) |  | (61,833)
Provisions for liabilities |  | 9 | (12,171) |  | (12,422)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 64,438 |  | 95,743
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 3
Retained earnings |  |  | 64,338 |  | 95,740
|  |  | ───────── |  | ─────────
Shareholders' Funds |  |  | 64,438 |  | 95,743
|  |  | ═════════ |  | ═════════
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 24 March 2026

________________________________ |  |  |  |  |
Nicholas Wilks |  |  |  |  |
Director |  |  |  |  |

Lounge Leisure Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

1. | General Information
| Lounge Leisure Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 05427177. The registered office of the company is No 1 Bridge Street, Stafford, Staffordshire, ST16 2HJ, United Kingdom which is also the principal place of business of the company. that of licensed premises The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the fair value of the consideration received or receivable for the sale of bar drinks and snacks by the company, in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Long leasehold property | - | 4% straight line
|  | Plant and machinery | - | 25% straight line
|  | Fixtures, fittings and equipment | - | 25% straight line
|  | Motor vehicles | - | 20% reducing balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Leasing
| Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including director, during the financial year was 23, (2024 - 27).
|  | 2025 | 2024
|  | Number | Number
| Employees | 23 | 27
|  | ═════════ | ═════════

4. | Tangible assets
|  | Long | Plant and | Fixtures, | Motor | Total
|  | leasehold | machinery | fittings and | vehicles |
|  | property |  | equipment |  |
|  | £ | £ | £ | £ | £
| Cost
| At 1 November 2024 | 570,292 | 75,103 | 349,420 | 73,490 | 1,068,305
| Additions | - | - | 6,923 | - | 6,923
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 October 2025 | 570,292 | 75,103 | 356,343 | 73,490 | 1,075,228
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 November 2024 | 401,576 | 74,373 | 342,202 | 14,698 | 832,849
| Charge for the financial year | 22,812 | 730 | 6,267 | 11,759 | 41,568
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 October 2025 | 424,388 | 75,103 | 348,469 | 26,457 | 874,417
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 October 2025 | 145,904 | - | 7,874 | 47,033 | 200,811
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| At 31 October 2024 | 168,716 | 730 | 7,218 | 58,792 | 235,456
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════

5. | Stocks | 2025 | 2024
|  | £ | £
|  | 8,914 | 9,463
|  | ═════════ | ═════════

6. | Debtors | 2025 | 2024
|  | £ | £
| Other debtors | 19,543 | 29,743
|  | ═════════ | ═════════

7. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Bank loan | 12,500 | 16,667
| Net obligations under finance leases
| and hire purchase contracts | 12,082 | 12,082
| Trade creditors | 37,811 | 51,774
| Taxation | 38,600 | 28,324
| Other creditors | 66,136 | 50,258
|  | ───────── | ─────────
|  | 167,129 | 159,105
|  | ═════════ | ═════════

8. | Creditors | 2025 | 2024
| Amounts falling due after more than one year | £ | £
| Bank loan | - | 12,500
| Finance leases and hire purchase contracts | 37,252 | 49,333
|  | ───────── | ─────────
|  | 37,252 | 61,833
|  | ═════════ | ═════════
| Loans
| Repayable in one year or less, or on demand (Note 7) | 12,500 | 16,667
| Repayable between one and two years | - | 12,500
|  | ───────── | ─────────
|  | 12,500 | 29,167
|  | ═════════ | ═════════
| Net obligations under finance leases
| and hire purchase contracts
| Repayable within one year | 12,082 | 12,082
| Repayable between one and five years | 37,252 | 48,327
| Repayable after five years | - | 1,006
|  | ───────── | ─────────
|  | 49,334 | 61,415
|  | ═════════ | ═════════
| During the COVID-19 pandemic, the company obtained a loan under the Coronavirus Business Interruption Loan Scheme (CBILS). As part of the terms of the loan, the director(s) provided a personal guarantee covering 20% of the outstanding loan balance. The CBILS facility is otherwise 80% backed by the UK Government. The total loan facility was £100,000, of which £12500 remained outstanding at the balance sheet date. The maximum potential liability of the director(s) under the personal guarantee is therefore limited to 20% of the outstanding loan. No provision has been made in these financial statements in respect of the personal guarantee, as the directors do not currently expect any liability to arise.

9. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Total | Total
|  | allowances |  |
|  |  | 2025 | 2024
|  | £ | £ | £
| At financial year start | 12,422 | 12,422 | 751
| Charged to profit and loss | (251) | (251) | 11,671
|  | ───────── | ───────── | ─────────
| At financial year end | 12,171 | 12,171 | 12,422
|  | ═════════ | ═════════ | ═════════

10. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.