REGISTERED NUMBER: 02872074 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CARLOS PLACE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Khalili

REGISTERED OFFICE:

Unit 24

Victoria Industrial Estate

Victoria Road

London

W3 6UU

REGISTERED NUMBER:

02872074 (England and Wales)

ACCOUNTANTS:

Orcom Civvals Limited

Accountants

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Investment property

4

9,000,000

9,000,000

CURRENT ASSETS

Debtors

5

2,601,539

2,300,035

Cash in hand

100

100

2,601,639

2,300,135

CREDITORS

Amounts falling due within one year

6

(171,695

)

(170,788

)

NET CURRENT ASSETS

2,429,944

2,129,347

TOTAL ASSETS LESS CURRENT LIABILITIES

11,429,944

11,129,347

PROVISIONS FOR LIABILITIES

(1,415,031

)

(1,415,031

)

NET ASSETS

10,014,913

9,714,316

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

6,689,690

6,689,690

Retained earnings

7

3,325,123

3,024,526

SHAREHOLDERS' FUNDS

10,014,913

9,714,316

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 his 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 director and authorised for issue on 8 December 2025 and were signed by:

D J Khalili - Director

1.	STATUTORY INFORMATION

Carlos Place 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.

Turnover

Turnover represents gross rents receivable arising in the UK.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

and 31 March 2025

9,000,000

NET BOOK VALUE

At 31 March 2025

9,000,000

At 31 March 2024

9,000,000

The investment property was valued as at 31 March 2023 on an open market basis by the director.

If the investment property had a historical cost of £895,279 (2024: £895,279).

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

96,250

96,250

Other debtors

2,273

13,751

Prepayments and accrued income

7,683

7,683

106,206

117,684

Amounts falling due after more than one year:

Amounts owed by group undertakings

2,495,333

2,182,351

Aggregate amounts

2,601,539

2,300,035

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

77,102

78,538

Other creditors

94,593

92,250

171,695

170,788

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

3,024,526

6,689,690

9,714,216

Profit for the year

300,597

300,597

At 31 March 2025

3,325,123

6,689,690

10,014,813

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Khalili Familienstiftung registered in Liechtenstein.

9.	PARENT COMPANY

The immediate parent company is Favaermead Group Limited incorporated in England and Wales and the ultimate parent company is Meriken Holdings Inc., a company incorporated in the British Virgin Islands.