REGISTERED NUMBER: 01232948 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

OLRF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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