LOTUS GROUP HOLDINGS LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 10549688 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

LOTUS GROUP HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J K Patel

SECRETARY:

REGISTERED OFFICE:

83 Halsbury Road East

Northolt

Middlesex

UB5 4PY

REGISTERED NUMBER:

10549688 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,352

5,440

Investments

5

8

4,360

5,448

CURRENT ASSETS

Debtors

6

6,980,771

7,299,870

CREDITORS

Amounts falling due within one year

7

94,769

79,106

NET CURRENT ASSETS

6,886,002

7,220,764

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,890,362

7,226,212

CREDITORS

Amounts falling due after more than one
year

8

6,849,112

7,189,236

NET ASSETS

41,250

36,976

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

9

41,249

36,975

41,250

36,976

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 1 September 2025 and were signed by:

J K Patel - Director

1.	STATUTORY INFORMATION

LOTUS GROUP HOLDINGS LIMITED 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

8,500

DEPRECIATION

At 1 January 2024

3,060

Charge for year

1,088

At 31 December 2024

4,148

NET BOOK VALUE

At 31 December 2024

4,352

At 31 December 2023

5,440

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

8

NET BOOK VALUE

At 31 December 2024

8

At 31 December 2023

8

6.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Trade debtors

77,924

62,924

Other debtors

1,038,251

1,116,175

1,101,175

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,738,282

1,822,954

Amounts owed by associates

4,126,314

4,375,741

5,864,596

6,198,695

Aggregate amounts

6,980,771

7,299,870

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

20,034

10,307

Trade creditors

24,123

24,125

Tax

9,788

12,390

Social security and other taxes

26,904

17,364

Other creditors

11,420

12,420

Accrued expenses

2,500

94,769

79,106

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans - 2-5 years

32,306

38,879

Bank loans more 5 yr by instal

6,816,806

7,150,357

6,849,112

7,189,236

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,816,806

7,150,357

9.

RESERVES

Retained

earnings

£

At 1 January 2024

36,975

Profit for the year

67,107

Dividends

(62,833

)

At 31 December 2024

41,249

10.	RELATED PARTY DISCLOSURES

As at Balance Sheet date 31 December 2024 Lotus Care group Holding Ltd had four subsidiaries namely Lotus Care management Services Ltd, Lotus Care (Ash Cottage) Ltd, Lotus Care (Ellersile Court) Ltd and Lotus Care (Aaron Lodge) Ltd.

As at balance sheet date 31 December 2024, outstanding loan to Lotus Care (Aaron Lodge) Ltd, Lotus Care (Ash Cottage) Ltd, Lotus Care management Services Ltd, Lotus Care (Ellersile Court) Ltd, Lotus Care (Cressington Court) Limited, Lotus Care (Bridge House) Ltd, Lotus Care (Dunollie) Ltd, Lotus Care (Glenarie Manor) Ltd, Lotus (SSL Healthcare) Ltd and Lotus Care (North) Limited were £584,583 (2023 - £584,583); £257,411 (2023 - £269,568); £932,549 (2023 - £968,801); £Nil (2023 - £Nil); £1,632,469 (2023 - £1,945,798); £327,317 (2023 - £351,228); £858,970 (2023 - £958,054); £550,218 (2023 - £641,511), £454,340 (2023 - £479,150) and £300,000 (2023 - £Nil) respectively.

All of the above companies managed by the same two directors.