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LOUNGE (MBR) LIMITED

Registered Number
09665261
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2025

LOUNGE (MBR) LIMITED
Company Information
for the year from 1 September 2024 to 31 August 2025

Director | MASOOD, Tariq

Registered Address | 2nd Floor Grove House
| 55 Lowlands Road
| Harrow
| HA1 3AW

Registered Number | 09665261 (England and Wales)

LOUNGE (MBR) LIMITED
Balance Sheet as at
31 August 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 5,504 |  |  |  | 7,796
|  |  |  | 5,504 |  |  |  | 7,796
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 1,988 |  |  |  | 1,291 |  |
Debtors | 5 | 206,826 |  |  |  | 179,299 |  |
Cash at bank and on hand |  | 10,619 |  |  |  | 6,502 |  |
|  | 219,433 |  |  |  | 187,092 |  |
Creditors amounts falling due within one year | 6 | (374,571) |  |  |  | (349,869) |  |
Net current assets (liabilities) |  |  |  | (155,138) |  |  |  | (162,777)
Total assets less current liabilities |  |  |  | (149,634) |  |  |  | (154,981)
Net assets |  |  |  | (149,634) |  |  |  | (154,981)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 2,000 |  |  |  | 2,000
Profit and loss account |  |  |  | (151,634) |  |  |  | (156,981)
Shareholders' funds |  |  |  | (149,634) |  |  |  | (154,981)

- The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 15 May 2026, and are signed on its behalf by:
MASOOD, Tariq Director Registered Company No. 09665261

LOUNGE (MBR) LIMITED
Notes to the Financial Statements
for the year ended 31 August 2025

1. | Accounting policies
--- | ---

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

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| 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
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Reducing balance (%) |  | Straight line (years)
| Plant and machinery | 25 |  | -
| Office Equipment | - |  | 3

| Stocks and work in progress
--- | ---
| Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 6 |  | 7

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 01 September 24 | 10,000 |  | 2,634 |  | 12,634
| Additions | - |  | 214 |  | 214
| At 31 August 25 | 10,000 |  | 2,848 |  | 12,848
| Depreciation and impairment
| At 01 September 24 | 3,594 |  | 1,244 |  | 4,838
| Charge for year | 1,602 |  | 904 |  | 2,506
| At 31 August 25 | 5,196 |  | 2,148 |  | 7,344
| Net book value
| At 31 August 25 | 4,804 |  | 700 |  | 5,504
| At 31 August 24 | 6,406 |  | 1,390 |  | 7,796

4. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other stocks | 1,988 |  | 1,291
| Total | 1,988 |  | 1,291

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other debtors | 201,553 |  | 176,322
| Prepayments and accrued income | 5,273 |  | 2,977
| Total | 206,826 |  | 179,299

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 455 |  | -
| Taxation and social security | 18,706 |  | 9,554
| Other creditors | 355,410 |  | 339,227
| Accrued liabilities and deferred income | - |  | 1,088
| Total | 374,571 |  | 349,869

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7. | Provisions for liabilities
--- | ---

8. | Directors advances, credits and guarantees
--- | ---
| At the balance sheet date, the director's loan account has a credit balance of £75,277 (2024: £74,685 Cr) relates to T Masood.

9. | Related party transactions
--- | ---
| Included in other debtors is an amount of £93,000 (2024: £90,000) which relates to TM (Holdings) Limited, amount of £2,700 (2024: £7,700) relates to KTM (North East) Ltd, amount of £36,805 (2024: £24,805) relates to ATM (North East) Ltd, amount of £23,247 (2024: £7,347) relates to TSN (North East) Ltd and amount of £21,500 (2024 : £11,000) relates to KATS (Stockton) Ltd. Included in other creditors is an amount of £260,901 (2024: £264,401) which relates to SBM (Northern) Ltd where Mr T Masood is also a director of the company.