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REGISTERED NUMBER: 00687701 (England and Wales)











OLF HOLDINGS COMPANY

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






OLF HOLDINGS COMPANY (REGISTERED NUMBER: 00687701)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


OLF HOLDINGS COMPANY (REGISTERED NUMBER: 00687701)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Investments 4 425,069 470,040
Prepayments and accrued income 1,691 2,782
Cash at bank 25,646 17,734
452,406 490,556
CREDITORS
Amounts falling due within one year 5 - 124
NET CURRENT ASSETS 452,406 490,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,406

490,432

ACCRUALS AND DEFERRED INCOME 888 854
NET ASSETS 451,518 489,578

CAPITAL AND RESERVES
Called up share capital 6 3,000 3,000
Fair value reserve 176,384 218,638
Retained earnings 272,134 267,940
SHAREHOLDERS' FUNDS 451,518 489,578

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

OLF HOLDINGS COMPANY (REGISTERED NUMBER: 00687701)

BALANCE SHEET - continued
31 MARCH 2023


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 and authorised for issue by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





D J Oldham - Director


OLF HOLDINGS COMPANY (REGISTERED NUMBER: 00687701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Olf Holdings Company is a private company , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00687701

Registered office: 33 Mauntley Avenue
Brigstock
Kettering
Northamptonshire
NN14 3HF

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.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

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.

OLF HOLDINGS COMPANY (REGISTERED NUMBER: 00687701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Investments
Investments are included at fair value. Fair value gains and losses are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 425,069 470,040

The listed investments held have been valued at fair value using the London Stock Exchange share prices by the wealth management company as at 31 March 2023. In the year a loss of £15,842 (2022 - gain of £23,767) was taken to the income statement. During the year the company invested a further £114,701 into its listed investment portfolio.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 124

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,000 Ordinary 1 3,000 3,000