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REGISTERED NUMBER: 01232948 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

OLRF LIMITED

| OLRF LIMITED (REGISTERED NUMBER: 01232948) |

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| OLRF LIMITED |

Company Information

for the year ended 31 December 2024

| Director: | Mrs L Hollamby

| Secretary: | Mrs L Hollamby

| Registered office: | C/O Cooper Parry

| New Derwent House

| 69-73 Theobalds Road

| London

| WC1X 8TA

| Registered number: | 01232948 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Northside House

| 69 Tweedy Road

| Bromley

| Kent

| BR1 3WA

| OLRF LIMITED (REGISTERED NUMBER: 01232948) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

Fixed assets

Tangible assets | 4 | 3,099 |  | 3,413 |  |

Investment property | 5 | 2,725,000 |  | 2,279,700 |  |

2,728,099 |  | 2,283,113 |  |

Current assets

Debtors | 6 | 9,538 |  | 8,081 |  |

Cash at bank | 84,980 |  | 84,458 |  |

94,518 |  | 92,539 |  |

Creditors

Amounts falling due within one year | 7 | 72,827 |  | 71,486 |  |

Net current assets | 21,691 |  | 21,053 |  |

Total assets less current liabilities | 2,749,790 |  | 2,304,166 |  |

Provisions for liabilities | 8 | 569,107 |  | 347,914 |  |

Net assets | 2,180,683 |  | 1,956,252 |  |

Capital and reserves

Called up share capital | 9 | 10,002 |  | 10,002 |  |

Retained earnings | 2,170,681 |  | 1,946,250 |  |

Shareholders' funds | 2,180,683 |  | 1,956,252 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

| OLRF LIMITED (REGISTERED NUMBER: 01232948) |

Balance Sheet - continued

31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

Mrs L Hollamby - Director

| OLRF LIMITED (REGISTERED NUMBER: 01232948) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | Statutory information

| OLRF 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.

| 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 as modified by the revaluation of certain assets.

| Key source of estimation,uncertainty and judgement

| The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

| There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

| There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| 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.

| OLRF LIMITED (REGISTERED NUMBER: 01232948) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | Accounting policies - continued

| Financial instruments

| Financial assets and financial liabilities are recognized in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortized cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and cash in hand and at bank and bank overdrafts.

| Financial liabilities and equity instruments issued by the company are classified to accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, not of direct issue costs.

3. | Employees and directors

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

4. | Tangible fixed assets

Fixtures |

Plant and | and |

machinery | fittings | Totals |

| £ | £ | £

| Cost

| At 1 January 2024 | 12,851 |  | 20,748 |  | 33,599 |  |

| Additions | 719 |  | - |  | 719 |  |

| At 31 December 2024 | 13,570 |  | 20,748 |  | 34,318 |  |

| Depreciation

| At 1 January 2024 | 11,762 |  | 18,424 |  | 30,186 |  |

| Charge for year | 452 |  | 581 |  | 1,033 |  |

| At 31 December 2024 | 12,214 |  | 19,005 |  | 31,219 |  |

| Net book value

| At 31 December 2024 | 1,356 |  | 1,743 |  | 3,099 |  |

| At 31 December 2023 | 1,089 |  | 2,324 |  | 3,413 |  |

| OLRF LIMITED (REGISTERED NUMBER: 01232948) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

5. | Investment property

Total |

| £

| Fair value

| At 1 January 2024 | 2,279,700 |  |

| Revaluations | 445,300 |  |

| At 31 December 2024 | 2,725,000 |  |

| Net book value

| At 31 December 2024 | 2,725,000 |  |

| At 31 December 2023 | 2,279,700 |  |

| Fair value at 31 December 2024 is represented by:

| £

| Valuation in 1993 | 163,794 |  |

| Valuation in 2020 | 1,667,333 |  |

| Valuation in 2024 | 445,300 |  |

| Cost | 448,573 |  |

2,725,000 |  |

6. | Debtors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Other debtors | 9,538 |  | 8,081 |  |

7. | Creditors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Taxation and social security | 23,947 |  | 18,374 |  |

| Other creditors | 48,880 |  | 53,112 |  |

72,827 |  | 71,486 |  |

8. | Provisions for liabilities

2024 | 2023 |

| £ | £

| Deferred tax | 569,107 |  | 347,914 |  |

Deferred tax |

| £

| Balance at 1 January 2024 | 347,914 |  |

| Provided during year | 221,193 |  |

| Balance at 31 December 2024 | 569,107 |  |

| OLRF LIMITED (REGISTERED NUMBER: 01232948) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

9. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 10,000 | Ordinary A shares | £1 | 10,000 |  | 10,000 |  |

| 2 | Ordinary B shares | £1 | 2 |  | 2 |  |

10,002 |  | 10,002 |  |