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Registration number: 06405829

Carats CGT Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Carats CGT Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Carats CGT Limited

Company Information

Directors | M A Bellamy D Bellamy

Company secretary | D Bellamy

Registered office | 65 Edge Hill Drive Perton South Staffs WV6 7SN

Accountants | Munslows Accountants Ltd Chartered Certified Accountants32 High Street Wall Heath Kingswinford West Midlands DY6 0HB

Carats CGT Limited

(Registration number: 06405829)
Statement of Financial Position as at 31 October 2025

| Note | 2025 £ | 2024 £
Non current assets |  |  |
Tangible assets | 4 | 12,333 | 16,444
Investment property | 5 | 1,273,975 | 1,273,975
|  | 1,286,308 | 1,290,419
Current assets |  |  |
Debtors |  | 2,595 | 3,288
Cash at bank and in hand |  | 13,630 | 32,321
|  | 16,225 | 35,609
Creditors: Amounts falling due within one year | 6 | (232,169) | (256,323)
Net current liabilities |  | (215,944) | (220,714)
Total assets less current liabilities |  | 1,070,364 | 1,069,705
Creditors: Amounts falling due after more than one year | 6 | (30,009) | (76,249)
Net assets |  | 1,040,355 | 993,456
Equity |  |  |
Called up share capital | 7 | 102 | 102
Retained earnings |  | 1,040,253 | 993,354
Shareholders' funds |  | 1,040,355 | 993,456

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Carats CGT Limited

(Registration number: 06405829)
Statement of Financial Position as at 31 October 2025

Approved and authorised by the Board on 27 February 2026 and signed on its behalf by:

......................................... M A Bellamy Director

Carats CGT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
65 Edge Hill Drive
Perton
South Staffs
WV6 7SN

These financial statements were authorised for issue by the Board on 27 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Carats CGT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | reducing balance at 25% per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Carats CGT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Tangible assets

| Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 16,794 | 16,794
At 31 October 2025 | 16,794 | 16,794
Depreciation
At 1 November 2024 | 350 | 350
Charge for the year | 4,111 | 4,111
At 31 October 2025 | 4,461 | 4,461
Carrying amount
At 31 October 2025 | 12,333 | 12,333
At 31 October 2024 | 16,444 | 16,444

5 | Investment properties

| 2025 £
At 1 November | 1,273,975
At 31 October | 1,273,975

There has been no valuation of investment property by an independent valuer.

Carats CGT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 15,806 | 27,685
Other creditors | 216,363 | 228,638
| 232,169 | 256,323

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 30,009 | 76,249

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100
Ordinary B shares of £1 each | 2 | 2 | 2 | 2
| 102 | 102 | 102 | 102

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 30,009 | 76,249