Lotus Karaoke Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07598097

Lotus Karaoke Limited

Filleted Unaudited Financial Statements

For the year ended

31 October 2025

Lotus Karaoke Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	4	206,710	706,206
Cash at bank and in hand		1,088	14,576
		---------	---------
		207,798	720,782

Creditors: amounts falling due within one year	5	403,587		348,646
		---------		---------
Net current (liabilities)/assets			( 195,789)	372,136
			---------	---------
Total assets less current liabilities			( 195,789)	372,136
			---------	---------
Net (liabilities)/assets			( 195,789)	372,136
			---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 195,790)	372,135
	---------	---------
Shareholders (deficit)/funds	( 195,789)	372,136
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 July 2026 , and are signed on behalf of the board by:

N Moriyama
Director

Company registration number: 07598097

Lotus Karaoke Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Debtors

	2025	2024
	£	£
Trade debtors	–	( 919)
Other debtors	206,710	707,125
	---------	---------
	206,710	706,206
	---------	---------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	475	42,755
Amounts owed to group undertakings and undertakings in which the company has a participating interest	323,502	251,692
Corporation tax	849	–
Social security and other taxes	9,611	3,924
Other creditors	69,150	50,275
	---------	---------
	403,587	348,646
	---------	---------

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
N Moriyama	( 49,525)	( 475)	( 50,000)
	--------	----	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
N Moriyama	–	( 49,525)	( 49,525)
	----	--------	--------

7. Related party transactions

During the year the company charged £128,615 (2024: £158,084) to a company in which Mr N Moriyama owns 50% of the issued share capital.