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REGISTERED NUMBER: 11554840 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 September 2024

for

NELLIE CARMEN PROPERTIES LTD

NELLIE CARMEN PROPERTIES LTD (REGISTERED NUMBER: 11554840)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

NELLIE CARMEN PROPERTIES LTD

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs E V Round
A W Round





SECRETARY:





REGISTERED OFFICE: Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW





REGISTERED NUMBER: 11554840 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

NELLIE CARMEN PROPERTIES LTD (REGISTERED NUMBER: 11554840)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232 309
Investment property 5 675,000 641,000
675,232 641,309

CURRENT ASSETS
Cash at bank 22,644 8,323

CREDITORS
Amounts falling due within one year 6 371,371 370,365
NET CURRENT LIABILITIES (348,727 ) (362,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,505

279,267

CREDITORS
Amounts falling due after more than one year 7 (215,337 ) (215,337 )

PROVISIONS FOR LIABILITIES (19,475 ) (10,708 )
NET ASSETS 91,693 53,222

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 57,409 42,840
Retained earnings 34,184 10,282
91,693 53,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:




Mrs E V Round - Director


NELLIE CARMEN PROPERTIES LTD (REGISTERED NUMBER: 11554840)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Nellie Carmen Properties Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

NELLIE CARMEN PROPERTIES LTD (REGISTERED NUMBER: 11554840)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 550
DEPRECIATION
At 1 October 2023 241
Charge for year 77
At 30 September 2024 318
NET BOOK VALUE
At 30 September 2024 232
At 30 September 2023 309

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 641,000
Revaluations 34,000
At 30 September 2024 675,000
NET BOOK VALUE
At 30 September 2024 675,000
At 30 September 2023 641,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2023 53,489
Valuation in 2024 34,000
Cost 587,511
675,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors - 715
Taxation and social security 3,241 2,549
Other creditors 368,130 367,101
371,371 370,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 215,337 215,337

NELLIE CARMEN PROPERTIES LTD (REGISTERED NUMBER: 11554840)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 215,337 215,337

8. RESERVES
Fair
value
reserve
£   
At 1 October 2023 42,840
Reserve transfer 14,569

At 30 September 2024 57,409

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Nellie Carmen Properties Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nellie Carmen Properties Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Nellie Carmen Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nellie Carmen Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Nellie Carmen Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nellie Carmen Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nellie Carmen Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nellie Carmen Properties Ltd. You consider that Nellie Carmen Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nellie Carmen Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


27 June 2025