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REGISTERED NUMBER: 11818057 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Lotus (Pb) Ltd

Lotus (Pb) Ltd (Registered number: 11818057)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lotus (Pb) Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: T Gashi





REGISTERED OFFICE: 662 High Road
North Finchley
London
N12 0NL





REGISTERED NUMBER: 11818057 (England and Wales)





ACCOUNTANTS: Roseworth Limited
662 High Road
Finchley
London
N12 0NL

Lotus (Pb) Ltd (Registered number: 11818057)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 549,881 546,000

CURRENT ASSETS
Debtors 5 375 145,417
Cash at bank 4,956 28,735
5,331 174,152
CREDITORS
Amounts falling due within one year 6 185,179 335,687
NET CURRENT LIABILITIES (179,848 ) (161,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,033

384,465

CREDITORS
Amounts falling due after more than one
year

7

431,149

429,936
NET LIABILITIES (61,116 ) (45,471 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (61,216 ) (45,571 )
SHAREHOLDERS' FUNDS (61,116 ) (45,471 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Lotus (Pb) Ltd (Registered number: 11818057)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2024 and were signed by:





T Gashi - Director


Lotus (Pb) Ltd (Registered number: 11818057)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Lotus (Pb) Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Lotus (Pb) Ltd (Registered number: 11818057)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 546,000
Additions 3,881
At 28 February 2023 549,881
NET BOOK VALUE
At 28 February 2023 549,881
At 28 February 2022 546,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors - 145,001
Prepayments 375 416
375 145,417

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors (2 ) -
VAT 1,200 704
Other creditors - 58,442
Directors' current accounts 183,481 276,041
Accrued expenses 500 500
185,179 335,687

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 8) 431,149 429,936

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 395,832 386,603

8. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 35,317 43,333

Lotus (Pb) Ltd (Registered number: 11818057)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. LOANS - continued
28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 395,832 386,603

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 431,149 429,936

10. ULTIMATE CONTROLLING PARTY

The controlling party is T Gashi.