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REGISTERED NUMBER: 11598818 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Lotus Shop Ltd

Lotus Shop Ltd (Registered number: 11598818)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lotus Shop Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: A Beigelbeck





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 11598818 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Lotus Shop Ltd (Registered number: 11598818)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 41 17

CREDITORS
Amounts falling due within one year 4 (20,070 ) (19,151 )
NET CURRENT LIABILITIES (20,029 ) (19,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,029

)

(19,134

)

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings (20,030 ) (19,135 )
SHAREHOLDERS' FUNDS (20,029 ) (19,134 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 15 January 2025 and were signed by:





A Beigelbeck - Director


Lotus Shop Ltd (Registered number: 11598818)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Lotus Shop 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.

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 asset is not recognised as it is not 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 NIL (2023 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,069
Directors' current accounts 19,494 17,530
Accruals and deferred income 576 552
20,070 19,151

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

6. GOING CONCERN

The director has confirmed that they will continue to give financial support to the company until such time as its position improves. In addition, the director has confirmed that they will not recall their loans within 12 months.The director consider that it is appropriate to prepare the financial statements on a going concern basis.The financial statements do not include any adjustments that would result if the financial support was withdrawn.