REGISTERED NUMBER: 02293665 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CARMEL SECURITIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S B Goodman

Mrs S J Goodman

SECRETARY:

Mrs S J Goodman

REGISTERED OFFICE:

C/o Civvals Limited

50 Seymour Street

London

W1H 7JG

REGISTERED NUMBER:

02293665 (England and Wales)

ACCOUNTANTS:

Orcom Civvals Limited

Accountants

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Investment property

4

415,000

415,000

CURRENT ASSETS

Cash at bank

18,662

10,632

CREDITORS

Amounts falling due within one year

5

(57,961

)

(54,373

)

NET CURRENT LIABILITIES

(39,299

)

(43,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

375,701

371,259

CREDITORS

Amounts falling due after more than one year

6

(51,422

)

(51,422

)

PROVISIONS FOR LIABILITIES

(50,833

)

(50,833

)

NET ASSETS

273,446

269,004

CAPITAL AND RESERVES

Called up share capital

4

4

Fair value reserve

7

260,971

260,971

Retained earnings

12,471

8,029

SHAREHOLDERS' FUNDS

273,446

269,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 September 2025 and were signed on its behalf by:

S B Goodman - Director

1.	STATUTORY INFORMATION

Carmel Securities 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Investment property

In accordance with Statement of Standard Accounting Practice 19, the company's property is held for long-term investment and is included in the Balance sheet at its open market value.The surplus or deficit on annual revaluation is transferred to the revaluation reserve. No depreciation is provided in respect of freehold investment property.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that the Accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Turnover

Turnover represents net invoiced value of rents and service charges receivable.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

415,000

NET BOOK VALUE

At 31 December 2024

415,000

At 31 December 2023

415,000

The investment properties were revalued by S B Goodman, a director of the company, on the basis of the open market valuation at 31 December 2021.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

322,187

Cost

92,813

415,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Corporation tax

3,857

3,551

Other creditors

9,934

9,934

Directors' current accounts

43,240

40,000

Accrued expenses

930

888

57,961

54,373

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Directors' loan accounts

51,422

51,422

7.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

260,971

8.

CONTROL

The company is controlled by Mrs S J Goodman by virtue of her 100% ownership of the issued ordinary shares of the company.