REGISTERED NUMBER: 06752746 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Solimar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Hanley

T Hanley

REGISTERED OFFICE:

Suite 5932

Unit 3A

34-35 Hatton Garden

London

EC1N 8DX

REGISTERED NUMBER:

06752746 (England and Wales)

ACCOUNTANTS:

Lawson & Co.

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

FIXED ASSETS

Tangible assets

4

2,492

3,323

CURRENT ASSETS

Debtors

5

163,258

160,332

Cash at bank

22,172

38,924

185,430

199,256

CREDITORS

Amounts falling due within one year

6

44,365

50,815

NET CURRENT ASSETS

141,065

148,441

TOTAL ASSETS LESS CURRENT LIABILITIES

143,557

151,764

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

143,457

151,664

SHAREHOLDERS' FUNDS

143,557

151,764

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 25 September 2025 and were signed on its behalf by:

T Hanley - Director

1.	STATUTORY INFORMATION

Solimar 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.

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

-

20% on reducing balance

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 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

8,041

DEPRECIATION

At 1 January 2024

4,718

Charge for year

831

At 31 December 2024

5,549

NET BOOK VALUE

At 31 December 2024

2,492

At 31 December 2023

3,323

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

1,242

324

Other debtors

6,778

4,791

8,020

5,115

Amounts falling due after more than one year:

Other debtors

155,238

155,217

Aggregate amounts

163,258

160,332

The company has made a loan of £155,000 to a related company with interest chargeable at base rate.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,244

1,752

Taxation and social security

153

153

Other creditors

42,968

48,910

44,365

50,815

7.	DEFERRED TAX

£

Balance at 1 January 2024

(4,640

)

Tax losses carried forward

(1,768

)

Accelerated capital allowances

(158

)

Balance at 31 December 2024

(6,566

)

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

151,664

Deficit for the year

(8,207

)

At 31 December 2024

143,457

10.	RELATED PARTY DISCLOSURES

The company is controlled by director and majority shareholder Mr. T. Hanley.