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REGISTERED NUMBER: 13919182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023

FOR

OVERLID HOLDINGS LIMITED

OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Investments 4 3,690,000

CURRENT ASSETS
Cash in hand 2

CREDITORS
Amounts falling due within one year 5 652
NET CURRENT LIABILITIES (650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,689,350

CAPITAL AND RESERVES
Called up share capital 6 93
Merger reserve 7 3,689,909
Retained earnings 7 (652 )
SHAREHOLDERS' FUNDS 3,689,350

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the Company to obtain an audit of its financial statements for the period ended 31 March 2023 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 9 October 2023 and were signed on its behalf by:



J Stephanides - Director


OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023


1. STATUTORY INFORMATION

Overlid Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13919182

Registered office: 368 Forest Road
London
E17 5JF

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.

Preparation of consolidated financial statements
The financial statements contain information about Overlid Holdings Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 7,380,000
Disposals (3,690,000 )
At 31 March 2023 3,690,000
NET BOOK VALUE
At 31 March 2023 3,690,000

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Overlid Limited
Registered office: 368 Forest Road, London, E17 5JF
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

On 24/02/2022, Overlid Holdings Limited became the holding company for Overlid Limited and Reamday Limited. This group reconstruction was accounted for using the merger accounting method as per FRS 102 paragraph 19.27. On 29/03/2022, Overlid Holdings Limited disposed of its investment in Reamday Limited.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 52
Other creditors 600
652

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
93 Ordinary £1 93

OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023


7. RESERVES

Retained earnings comprise accumulated profits and losses net of dividends since inception.

The merger reserve reflects the difference between the fair value of the assets acquired and the nominal value of the shares issued when the group was created subsequent to the restructuring of Overlid Holdings Limited.

8. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2023
£   
Amounts owed by/(to) Group Undertakings - Overlid Limited(52)

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Stephanides.