Company registration number 05467981 (England and Wales)
Olicana Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Pages For Filing With Registrar
OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,761
15,557
Investment property
4
2,808,796
2,808,796
2,819,557
2,824,353
Current assets
Debtors
5
2,571,909
2,553,687
Cash at bank and in hand
8,454
1,675
2,580,363
2,555,362
Creditors: amounts falling due within one year
6
(1,117,586)
(1,074,241)
Net current assets
1,462,777
1,481,121
Total assets less current liabilities
4,282,334
4,305,474
Creditors: amounts falling due after more than one year
7
(27,290)
(27,990)
Net assets
4,255,044
4,277,484
Capital and reserves
Called up share capital
20
20
Share premium account
1,499,971
1,499,971
Capital redemption reserve
8
8
Profit and loss reserves
8
2,755,045
2,777,485
Total equity
4,255,044
4,277,484

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 October 2025 and are signed on its behalf by:
Mr R G Pearson
Director
Company Registration No. 05467981
OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Olicana Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Midwood, 65 Curly Hill, Ilkley, LS29 0BA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value.

The parent company is Midwood Holdings Limited. The registered office of Midwood Holdings Limited is Midwood, Curly Hill, Ilkley, LS29 0BA. The company and its parent comprise a small group and under section 399 of the Companies Act 2006 are exempt from preparing group accounts.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents rental income from investment properties.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
5 year straight line
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
23,934
Depreciation and impairment
At 1 April 2024
8,377
Depreciation charged in the year
4,796
At 31 March 2025
13,173
Carrying amount
At 31 March 2025
10,761
At 31 March 2024
15,557
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
2,808,796

The fair value of the investment property is derived from market rent valuations performed by Atkinson Associates Property Consultants in October 2020, in conjunction with yield data derived from open market information. In the opinion of the directors, the market value is not materially different from the book value.

The investment property is secured by a fixed charge over the assets of the company.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
16,909
3,811
Other debtors
55,000
49,876
71,909
53,687
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
2,500,000
2,500,000
Total debtors
2,571,909
2,553,687
OLICANA HOLDINGS LIMITED
Olicana Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,179
5,547
Taxation and social security
5,164
4,828
Other creditors
1,108,243
1,063,866
1,117,586
1,074,241
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
27,290
27,990
8
Profit and loss reserves

Included within profit and loss reserves at the balance sheet date is £622,399 (2024 - £622,399) of non-distributable profits attributable to investment property gains net of deferred tax.

9
Related party transactions

2025
2024
Amounts due to related parties
£
£
Director's Current Account
1,102,628
1,058,491

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Other related parties
2,500,000
2,500,000
2025-03-31 2024-04-01 false false false 09 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs L C Pearson Mr R G Pearson Mr R G Pearson 05467981 2024-04-01 2025-03-31 05467981 2025-03-31 05467981 2024-03-31 05467981 core:OtherPropertyPlantEquipment 2025-03-31 05467981 core:OtherPropertyPlantEquipment 2024-03-31 05467981 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05467981 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05467981 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 05467981 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05467981 core:CurrentFinancialInstruments 2025-03-31 05467981 core:CurrentFinancialInstruments 2024-03-31 05467981 core:ShareCapital 2025-03-31 05467981 core:ShareCapital 2024-03-31 05467981 core:SharePremium 2025-03-31 05467981 core:SharePremium 2024-03-31 05467981 core:CapitalRedemptionReserve 2025-03-31 05467981 core:CapitalRedemptionReserve 2024-03-31 05467981 core:RetainedEarningsAccumulatedLosses 2025-03-31 05467981 core:RetainedEarningsAccumulatedLosses 2024-03-31 05467981 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 05467981 core:FurnitureFittings 2024-04-01 2025-03-31 05467981 2023-04-01 2024-03-31 05467981 core:OtherPropertyPlantEquipment 2024-03-31 05467981 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 05467981 2024-03-31 05467981 core:Non-currentFinancialInstruments 2025-03-31 05467981 core:Non-currentFinancialInstruments 2024-03-31 05467981 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05467981 bus:FRS102 2024-04-01 2025-03-31 05467981 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05467981 bus:Director1 2024-04-01 2025-03-31 05467981 bus:Director2 2024-04-01 2025-03-31 05467981 bus:CompanySecretary1 2024-04-01 2025-03-31 05467981 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05467981 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP