Company Registration No. 11581972 (England and Wales)
Carm Investments Ltd.
Unaudited accounts
for the year ended 31 December 2024
Carm Investments Ltd.
Unaudited accounts
Contents
Carm Investments Ltd.
Company Information
for the year ended 31 December 2024
Directors
Ashleigh Jane Ruxton
Lance Brian Ruxton
Company Number
11581972 (England and Wales)
Registered Office
Xetrov
Xetrov House
Browns Road
Daventry
Northamptonshire
NN11 4NS
England
Carm Investments Ltd.
Statement of financial position
as at 31 December 2024
Investments
3,868,305
3,868,305
Cash at bank and in hand
565
50
Creditors: amounts falling due within one year
(356,186)
(381,160)
Net current liabilities
(350,515)
(381,110)
Net assets
3,517,790
3,487,195
Called up share capital
10
10
Share premium
319,562
319,562
Profit and loss account
3,198,218
3,167,623
Shareholders' funds
3,517,790
3,487,195
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Ashleigh Jane Ruxton
Director
Company Registration No. 11581972
Carm Investments Ltd.
Notes to the Accounts
for the year ended 31 December 2024
Carm Investments Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11581972. The registered office is Xetrov, Xetrov House, Browns Road, Daventry, Northamptonshire, NN11 4NS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
There has been no provision made for deferred tax on the revaluation of the property or the revaluation of the shares to fair value, as there is no intention to sell and subsequently crystallise the tax position.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation has not been provided on these gains at the rate expected to apply when the property is sold as there is no intention to sell the property.
Investments in shares are included at fair value.
The property was revalued on 5th November 2021 by Chris Monkhouse MRICS MCIWM, Registered Valuer for Knight Frank. The basis of the valuation was market value based on the remainder of the lease in place and the passing rent at a yield of 7%.
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
3,868,305
Valuation at 31 December 2024
3,868,305
The shares have been adjusted to fair value, which is at current rates of subscriptions of shares.
Carm Investments Ltd.
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,112
2,112
Taxes and social security
18,719
18,719
Other creditors
292,871
328,338
Loans from directors
39,784
30,191
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Balance
(92,134)
-
-
(92,134)
Director's loan balances attract interest of 3%
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).