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Registered number: 04729793 LOTUS CORPORATION LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR For the Year Ended 30 September 2025
LOTUS CORPORATION LIMITED Registered number: 04729793 BALANCE SHEET As at 30 September 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 596 |  | 116
|  |  | 596 |  | 116
Current assets |  |  |  |  |
Stocks | 5 | 2,136 |  | 28,625 |
Debtors: amounts falling due within one year | 6 | 142,421 |  | 162,414 |
Cash at bank and in hand |  | 15,162 |  | 39,036 |
|  | 159,719 |  | 230,075 |
Creditors: amounts falling due within one year | 7 | (136,164) |  | (151,032) |
Net current assets |  |  | 23,555 |  | 79,043
Total assets less current liabilities |  |  | 24,151 |  | 79,159
Creditors: amounts falling due after more than one year | 8 |  | (29,846) |  | (95,458)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (149) |  | (29) |
|  |  | (149) |  | (29)
Net liabilities |  |  | (5,844) |  | (16,328)
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 2 |  | 2
Profit and loss account |  |  | (5,846) |  | (16,330)
|  |  | (5,844) |  | (16,328)
Page 1
LOTUS CORPORATION LIMITED Registered number: 04729793 BALANCE SHEET (CONTINUED) As at 30 September 2025 The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 June 2026.
H Singh
Director
The notes on pages 3 to 11 form part of these financial statements. Page 2
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025
1. | General information
The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 04729793. The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP. The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. Cash flow Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.
| 2.2 | Going concern
The accounts have been prepared on a going concern basis.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 3
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 4
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | S/Term Leasehold Property | - | 2% | Straight line
|  |  |  | Fixtures & fittings | - | 25% | Reducing balance
|  |  |  | Office equipment | - |  |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025 2.Accounting policies (continued)
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including the Directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 2 | 2
|  | Employees | 1 | -
|  |  | 3 | 2
Page 6
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 October 2024 | 10,276
| Additions | 807
| At 30 September 2025 | 11,083
| Depreciation |
| At 1 October 2024 | 10,160
| Charge for the year on owned assets | 327
| At 30 September 2025 | 10,487
| Net book value |
| At 30 September 2025 | 596
| At 30 September 2024 | 116
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 2,136 | 28,625
|  | 2,136 | 28,625
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 8,578 | 18,180
| Amounts owed by group undertakings | 133,703 | 133,703
| Other debtors | 140 | 10,531
|  | 142,421 | 162,414
Page 7
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 15,612 | 14,710
| Trade creditors | 1,198 | 12,374
| Amounts owed to group undertakings | 100 | 100
| Corporation tax | 2,363 | 6,419
| Other taxation and social security | 14 | 11
| Other creditors | 114,352 | 114,893
| Accruals and deferred income | 2,525 | 2,525
|  | 136,164 | 151,032
Page 8
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 29,846 | 45,457
| Other creditors | - | 50,001
|  | 29,846 | 95,458
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 19,267 | 28,462
|  | 19,267 | 28,462
| Details of security provided:
Loans are secured by a debenture incorporating a fixed and floating charge over the property of the company
| The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Repayable by instalments | - | 4,136
|  | - | 4,136
In June 2020 the company took out a bounce back loan. This is being repaid over 10 year at an interest rate of 2.5% per annum. Page 9
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 15,612 | 14,710
|  | 15,612 | 14,710
| Amounts falling due 1-2 years |  |
| Bank loans | 14,682 | 15,612
|  | 14,682 | 15,612
| Amounts falling due 2-5 years |  |
| Bank loans | 15,164 | 25,710
|  | 15,164 | 25,710
| Amounts falling due after more than 5 years |  |
| Bank loans | - | 4,136
|  | - | 4,136
|  | 45,458 | 60,168
10. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (29)
| Charged to profit or loss | (120)
| At end of year | (149)
Page 10
LOTUS CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2025 10.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (149) | (29)
|  | (149) | (29)
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2024 - 2) Ordinary shares of £1.00 each | 2 | 2
12. | Related party transactions
| As at 30 September 2025 amounts were due to the directors of £91,695 (2024 - £123,291). Of this £91,695 (2024 - £73,291) is due within 1 year and repayable on demand and £Nil (2024 - £50,000) is due in more than one year. Loans are interest free.
13. | Controlling party
The ultimate and immediate parent company is K3Boss Group Limited a company registered in England and Wales. The registered office of the parent company is Sterling House, 71 Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP.
Page 11