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REGISTERED NUMBER: 04554479 (England and Wales)

















KARAMAN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






KARAMAN LIMITED (REGISTERED NUMBER: 04554479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


KARAMAN LIMITED (REGISTERED NUMBER: 04554479)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 396 -
Investment property 5 719,617 674,617
720,013 674,617

CURRENT ASSETS
Debtors 6 27 1,709
Cash at bank 33,065 73,557
33,092 75,266
CREDITORS
Amounts falling due within one year 7 5,904 24,668
NET CURRENT ASSETS 27,188 50,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,201

725,215

CREDITORS
Amounts falling due after more than one
year

8

(206,524

)

(227,282

)

PROVISIONS FOR LIABILITIES (44,214 ) (32,865 )
NET ASSETS 496,463 465,068

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 496,459 465,064
SHAREHOLDERS' FUNDS 496,463 465,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

KARAMAN LIMITED (REGISTERED NUMBER: 04554479)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





Ms T A Roberts - Director


KARAMAN LIMITED (REGISTERED NUMBER: 04554479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Karaman Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04554479

Registered office: C/o Keelings, Broad House
The Broadway
Old Hatfield
Herts
AL9 5BG

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 as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on a going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Represents income from the Company's principal activity of property investment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


KARAMAN LIMITED (REGISTERED NUMBER: 04554479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 509
At 31 March 2025 509
DEPRECIATION
Charge for year 113
At 31 March 2025 113
NET BOOK VALUE
At 31 March 2025 396

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 674,617
Revaluations 45,000
At 31 March 2025 719,617
NET BOOK VALUE
At 31 March 2025 719,617
At 31 March 2024 674,617

KARAMAN LIMITED (REGISTERED NUMBER: 04554479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2023 146,896
Valuation in 2025 45,000
Cost 527,721
719,617

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 27 1,709

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 2,489 22,454
Other creditors 3,415 2,214
5,904 24,668

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 206,524 227,282

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1 1 1
3 "A" Ordinary Non Voting £1 3 3
4 4

10. RELATED PARTY DISCLOSURES

Included in long term creditors is £ 206,524 (2024: £227,282) due to the shareholders. Most of the long term creditors relates to loans from the "A" Ordinary shareholders. These loans are repayable on demand and, consequently, have not been discounted. They remain as long term creditors as the director considers this to be a more accurate reflection of the nature of these loans.