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REGISTERED NUMBER: 06245667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Oliver Holloway Limited

Oliver Holloway Limited (Registered number: 06245667)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oliver Holloway Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr O Holloway





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 06245667 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Oliver Holloway Limited (Registered number: 06245667)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investments 6 335,000 335,000
Investment property 7 795,300 795,300
1,130,300 1,130,300

CURRENT ASSETS
Debtors 8 190,033 162,784
Cash at bank 413,091 358,294
603,124 521,078
CREDITORS
Amounts falling due within one year 9 460,135 497,448
NET CURRENT ASSETS 142,989 23,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,273,289

1,153,930

PROVISIONS FOR LIABILITIES 52,919 52,919
NET ASSETS 1,220,370 1,101,011

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non-distributable reserve 11 158,757 158,757
Retained earnings 1,061,513 942,154
SHAREHOLDERS' FUNDS 1,220,370 1,101,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Oliver Holloway Limited (Registered number: 06245667)

Balance Sheet - continued
31 August 2024


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 May 2025 and were signed by:





Mr O Holloway - Director


Oliver Holloway Limited (Registered number: 06245667)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Oliver Holloway 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.

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 the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Bicycles - 50% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 283,334
AMORTISATION
At 1 September 2023
and 31 August 2024 283,334
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Oliver Holloway Limited (Registered number: 06245667)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS - continued

Goodwill arose on the purchase of the company's share in the partnership.

5. TANGIBLE FIXED ASSETS
Bicycles
£   
COST
At 1 September 2023
and 31 August 2024 4,015
DEPRECIATION
At 1 September 2023
and 31 August 2024 4,015
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 335,000
NET BOOK VALUE
At 31 August 2024 335,000
At 31 August 2023 335,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 795,300
NET BOOK VALUE
At 31 August 2024 795,300
At 31 August 2023 795,300

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 795,300

Oliver Holloway Limited (Registered number: 06245667)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 583,624 583,624

The investment property was valued on an open market basis on 31 August 2024 by Mr O Holloway .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from partnership interest 187,979 161,564
Prepayments and accrued income 2,054 1,220
190,033 162,784

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36 398
Tax 20,233 10,079
Directors' current accounts 438,282 485,381
Accruals and deferred income 1,584 1,590
460,135 497,448

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

11. RESERVES
Non-distributable
reserve
£   
At 1 September 2023
and 31 August 2024 158,757