Overlord Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08794424

Overlord Limited

Filleted Financial Statements

30 September 2024

Overlord Limited

Financial Statements

Year ended 30 September 2024

Contents	Page

Balance sheet	1

Notes to the financial statements	2

Overlord Limited

Balance Sheet

30 September 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	53,692,043	52,952,467

Current assets

Debtors	6	30,783	33,883
Cash at bank and in hand		270	83,292
		--------	---------
		31,053	117,175

Creditors: amounts falling due within one year	7	26,464,524	26,809,413
		-------------	-------------
Net current liabilities		26,433,471	26,692,238
		-------------	-------------
Total assets less current liabilities		27,258,572	26,260,229

Provisions	7,508,439	7,241,596
	-------------	-------------
Net assets	19,750,133	19,018,633
	-------------	-------------

Capital and reserves

Called up share capital		102	102
Revaluation reserve	8	18,482,015	18,449,797
Profit and loss account	8	1,268,016	568,734
		-------------	-------------
Shareholders funds		19,750,133	19,018,633
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:

Mr A Loven MBE

Director

Company registration number: 08794424

Overlord Limited

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Net World Sports Limited, Bryn Lane, Wrexham Industrial Estate, Wrexham, Clwyd, LL13 9UT, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

The turnover shown in the profit and loss account represents rental income and recharged expenses receivable during the year. Turnover is recognised when the company obtains the right to receive consideration for services provided.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost and subsequently remeasured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and cash in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

5. Tangible assets

	Investment property
	£
Cost
At 1 October 2023	52,952,467
Additions	739,576
	-------------
At 30 September 2024	53,692,043
	-------------
Carrying amount
At 30 September 2024	53,692,043
	-------------
At 30 September 2023	52,952,467
	-------------

Investment property was valued on an estimated open market value basis on 30 September 2024 by the directors, who are not qualified valuers, using independent reports.

6. Debtors

	2024	2023
	£	£
Trade debtors	5,152	16,314
Prepayments and accrued income	25,529	17,458
Other debtors	102	111
	--------	--------
	30,783	33,883
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	288,417	345,874
Amounts owed to group undertakings	20,389,323	20,646,606
Accruals and deferred income	9,421	3,670
Social security and other taxes	109	33,159
Other creditors	5,777,254	5,780,104
	-------------	-------------
	26,464,524	26,809,413
	-------------	-------------

8. Reserves

Revaluation reserve - This reserve represent the fair value gain on revaluation of the investment property net of deferred taxation. Profit and loss account - This reserve represents the cumulative profits and losses, net of dividends paid and other adjustments.

9. Operating leases

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	823,976	674,460
Later than 1 year and not later than 5 years	2,746,587	1,854,765
	------------	------------
	3,570,563	2,529,225
	------------	------------

10. Summary audit opinion

The auditor's report dated 18 August 2025 was unqualified .

The senior statutory auditor was Andrew Pountney , for and on behalf of Dean Statham .

11. Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland: Section 33 from disclosing transactions with wholly owned group companies that are included in the consolidated accounts of the group headed by Net World Sports Limited. As at 30 September 2024, the company owed £5,777,254 (2023- £5,780,104) to a connected company. No interest has been charged on this balance.

12. Controlling party

The ultimate controlling party is A Loven MBE. The immediate parent undertaking is Net World Sports Limited, a company registered in England & Wales. The registered office is Bryn Lane, Wrexham Industrial Estate, Wrexham, Clwyd, Wales, LL13 9UT.