OAB LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 03892877

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		77,104		59,656

			77,104		59,656
CURRENT ASSETS
Stocks	6	17,507		24,746
Debtors	7	30,906		17,744
Cash at bank and in hand		43,411		93,119

		91,824		135,609
Creditors: Amounts Falling Due Within One Year	8	(110,703 )		(112,116 )

NET CURRENT ASSETS (LIABILITIES)			(18,879 )		23,493

TOTAL ASSETS LESS CURRENT LIABILITIES			58,225		83,149

NET ASSETS			58,225		83,149

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			58,125		83,049

SHAREHOLDERS' FUNDS			58,225		83,149

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OAB LIMITED

Statement of Financial Position (continued)

As At 31 January 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr M Zacchi

Director

16/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

OAB LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03892877 . The registered office is 23 Northcote Road, London, SW11 1NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for food, beverage and services provided in the normal course of business, and is shown net of VAT and other sales related taxes .

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirers interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of profit and loss over its useful economic life.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over the life of the lease
Plant & Machinery	20% Straight line
Fixtures & Fittings	20% Straight line

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price. Cost comprises of the price paid for the drink stock.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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OAB LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.8. Taxation

The tax expense for the year comprises current tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.

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

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.10. Government Grant

Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 26 (2024: 26)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2024	202,751

As at 31 January 2025	202,751

Amortisation
As at 1 February 2024	202,751

As at 31 January 2025	202,751

Net Book Value
As at 31 January 2025	-

As at 1 February 2024	-

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OAB LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2024	79,730	183,379	28,299	291,408
Additions	-	690	29,781	30,471

As at 31 January 2025	79,730	184,069	58,080	321,879

Depreciation
As at 1 February 2024	33,241	173,409	25,102	231,752
Provided during the period	3,987	4,364	4,672	13,023

As at 31 January 2025	37,228	177,773	29,774	244,775

Net Book Value
As at 31 January 2025	42,502	6,296	28,306	77,104

As at 1 February 2024	46,489	9,970	3,197	59,656

6. Stocks

	2025	2024
	£	£
Finished goods	17,507	24,746

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,678
Prepayments and accrued income	30,906	14,454
Corporation tax recoverable assets	-	1,612

	30,906	17,744

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OAB LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	44,746	22,322
Corporation tax	(65 )	75
Other taxes and social security	8,343	6,142
VAT	19,917	20,097
Other creditors	12,850	16,163
Accruals and deferred income	24,155	46,860
Director's loan account	757	457

	110,703	112,116

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

At 31 January 2025 the company had future minimum lease payments due under non-cancellable

operating leases for each of the following periods:

	2025	2024
	£	£
Not later than one year	65,000	65,000
Later than one year and not later than five years	260,000	260,000
Later than five years	65,000	130,000

	390,000	455,000

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