Tom Cruise and Katie Holmes are set to have a star-studded house-warming party.

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The Hollywood couple, who recently moved into a USD35 million Beverly Hills mansion, have invited a host of their A-list friends to a welcoming bash on May 31.

A source said: “Tom and Katie are thrilled they have finally moved into the house after purchasing it over a year ago. The property is stunning and they can’t wait to show it off.”

Guests include Will Smith and wife Jada Pinkett Smith and David and Victoria Beckham.

Tom and Katie – who have a two-year-old daughter Suri – splashed out on the stunning property last May and have spent almost 12 months renovating it.

Although they have only just moved into the mansion, the family will soon be relocating as it was recently revealed Katie will make her Broadway debut this autumn.

The Mad Money actress will star in the revival of Arthur Miller’s post-World War II play ‘All My Sons’ on New York’s famous theatre district. Katie will appear on stage alongside John Lithgow, Dianne Wiest and Patrick Wilson.