REGISTERED NUMBER: 15274740 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

LOTUS LIVING 1 LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R Nehru

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

15274740 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

22,595,208

8,815,151

CURRENT ASSETS

Cash at bank and in hand

113,927

6,879

CREDITORS

Amounts falling due within one year

5

22,731,568

2,978,395

NET CURRENT LIABILITIES

(22,617,641

)

(2,971,516

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,433

)

5,843,635

CREDITORS

Amounts falling due after more than one year

6

-

5,849,792

NET LIABILITIES

(22,433

)

(6,157

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(22,533

)

(6,257

)

(22,433

)

(6,157

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 27 August 2026 and were signed by:

Mr R Nehru - Director

1.	STATUTORY INFORMATION

Lotus Living 1 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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Investment property

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement.Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

8,815,151

Additions

13,780,057

At 30 November 2025

22,595,208

NET BOOK VALUE

At 30 November 2025

22,595,208

At 30 November 2024

8,815,151

The director believes there is no material change in fair value of the property whilst it remains under construction.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

387,331

193,305

Amounts owed to participating interests

2,825,000

2,751,200

Other creditors

19,519,237

33,890

22,731,568

2,978,395

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

5,849,792

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

19,517,137

5,849,792

The development loan is secured by way of fixed and floating charge on the investment property held by the company.

8.	RELATED PARTY DISCLOSURES

Included within creditors, amounts falling due within one year, is an interest free amount of £Nil. (2024: £1,200) due to Ivaro Limited. A company with common control and management.

Included within creditors, amounts falling due within one year, is an interest free amount of £825,000 (2024: £825,000) due to Cullera Capital Limited, a minority shareholder of the entity.

Included within creditors, amounts falling due within one year, is an interest free amount of £1,925,000 (2024: £1,925,000) due to Davnis St Albans Limited, a minority shareholder of the entity.

Included within creditors, amount falling due within one year of £75,000 (2024: £Nil) due to Gamash Ltd, a minority shareholder of the entity. Interest is paid monthly on this loan.