Registrar

Registration number: 00500638

Olro Holdings Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Olro Holdings Limited

Company Information

Directors

J M Olley S A Olley

Company secretary

J M Olley

Registered office

6 Elizabeth Close London W9 1BN

Bankers

Barclays Bank Plc Ilford 320 New North Road Hainault Essex IG6 3BU

Accountants

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Olro Holdings Limited

(Registration number: 00500638)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	5	1,700,000	1,925,000
Debtors		5,000	-
		1,705,000	1,925,000
Current assets
Debtors	6	10,833	10,000
Cash at bank and in hand		36,457	32,887
		47,290	42,887
Creditors: Amounts falling due within one year	7	(209,472)	(211,808)
Net current liabilities		(162,182)	(168,921)
Total assets less current liabilities		1,542,818	1,756,079
Provisions for liabilities		46,773	15,381
Net assets		1,589,591	1,771,460
Capital and reserves
Called up share capital	8	10,000	10,000
Revaluation reserve		(82,374)	115,527
Retained earnings		1,661,965	1,645,933
Shareholders' funds		1,589,591	1,771,460

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Olro Holdings Limited

(Registration number: 00500638)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:
 

J M Olley
Company secretary and director

S A Olley
Director

Olro Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 6 Elizabeth Close, London, W9 1BN.

The principal place of business is: 6 Elizabeth Close, London, W9 1BN.

These financial statements were authorised for issue by the Board on 11 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of equipment rental and property rental services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Olro Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	Varying rates at straight line method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors of the company. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Olro Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	282,203	282,203
At 31 March 2025	282,203	282,203
Depreciation
At 1 April 2024	282,203	282,203
At 31 March 2025	282,203	282,203
Carrying amount
At 31 March 2025	-	-

5	Investment properties

	2025 £
At 1 April	1,925,000
Fair value adjustments	(225,000)
At 31 March	1,700,000

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors of the company.

There has been no valuation of investment property by an independent valuer.

As a result of this revaluation, a decrease in the investment properties fair value has been recognised through a fair value adjustment in the profit and loss account. Correspondingly, a debit balance has arisen in the fair value reserve reflecting the cumulative unrealised losses on the investment property at the year end.

6

Debtors

	2025 £	2024 £
Other debtors	15,833	10,000
Less non-current portion	(5,000)	-
	10,833	10,000

 

Olro Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Non-current	2025 £	2024 £
Other debtors	5,000	-
	5,000	-

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	6,722	(1,495)
Other creditors	200,000	213,303
Accruals and deferred income	2,750	-
	209,472	211,808

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary Shares of £1 each	5,500	5,500	5,500	5,500
B Ordinary Shares of £1 each	4,500	4,500	4,500	4,500
	10,000	10,000	10,000	10,000