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REGISTERED NUMBER: 02813407 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

O'NEILL HOLDINGS LIMITED

O'NEILL HOLDINGS LIMITED (REGISTERED NUMBER: 02813407)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

O'NEILL HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Mrs Jean P O'Neill

| Mr Malcolm J Greer FCCA, ATT

| SECRETARY: | Mr Malcolm J Greer FCCA, ATT

| REGISTERED OFFICE: | 3 Jesse Terrace

| Reading

| Berkshire

| RG1 7RS

| REGISTERED NUMBER: | 02813407 (England and Wales)

| ACCOUNTANTS: | Malcolm J. Greer FCCA, ATT

| Chartered Certified Accountant

| 3 Jesse Terrace

| Reading

| Berkshire

| RG1 7RS

O'NEILL HOLDINGS LIMITED (REGISTERED NUMBER: 02813407)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3 |  | 3 |  |

Investment property | 5 | 1,200,000 |  | 1,200,000 |  |

1,200,003 |  | 1,200,003 |  |

CURRENT ASSETS

Debtors | 6 | 12,334 |  | 7,715 |  |

Cash at bank | 174,859 |  | 139,558 |  |

187,193 |  | 147,273 |  |

CREDITORS

Amounts falling due within one year | 7 | 219,442 |  | 209,246 |  |

NET CURRENT LIABILITIES | (32,249 | ) | (61,973 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,167,754 |  | 1,138,030 |  |

PROVISIONS FOR LIABILITIES | 8 | 134,511 |  | 102,230 |  |

NET ASSETS | 1,033,243 |  | 1,035,800 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 840 |  | 840 |  |

Capital redemption reserve | 160 |  | 160 |  |

Retained earnings | 1,032,243 |  | 1,034,800 |  |

SHAREHOLDERS' FUNDS | 1,033,243 |  | 1,035,800 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

O'NEILL HOLDINGS LIMITED (REGISTERED NUMBER: 02813407)

STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mrs Jean P O'Neill - Director

O'NEILL HOLDINGS LIMITED (REGISTERED NUMBER: 02813407)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| O'Neill Holdings 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.

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.

| 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.

| Furnishings & fittings | - | 25% on cost

| 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 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.

| 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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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. Amounts 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.

O'NEILL HOLDINGS LIMITED (REGISTERED NUMBER: 02813407)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Furnishings

| & fittings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 3,105 |  |

| DEPRECIATION

| At 1 April 2024

| and 31 March 2025 | 3,102 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3 |  |

| At 31 March 2024 | 3 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 1,200,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,200,000 |  |

| At 31 March 2024 | 1,200,000 |  |

O'NEILL HOLDINGS LIMITED (REGISTERED NUMBER: 02813407)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2017 | 1,200,000 |  |

| If the investment properties had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 661,955 |  | 651,785 |  |

| The investment properties were valued on an open market basis on 31 March 2017 by the Company Directors .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 8,407 |  | - |  |

| Net wages debtor | 200 |  | - |  |

| Prepayments and accrued income | 3,727 |  | 7,715 |  |

12,334 |  | 7,715 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Corporation tax | 14,696 |  | 7,599 |  |

| Social security and other taxes | 2,707 |  | 1,820 |  |

| Other creditors | 119,264 |  | 119,264 |  |

| Directors' current accounts | 65,087 |  | 63,089 |  |

| Accruals and deferred income | 17,688 |  | 17,474 |  |

219,442 |  | 209,246 |  |

8. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax - Revaluation of investment properties | 134,511 |  | 102,230 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 102,230 |  |

| Provided during year | 32,281 |  |

| Balance at 31 March 2025 | 134,511 |  |

O'NEILL HOLDINGS LIMITED (REGISTERED NUMBER: 02813407)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 840 | Ordinary shares of classes A |

| to E inclusive | £1 | 840 |  | 840 |  |

| The issued ordinary share capital of the Company is sub divided into five classes labelled A to E inclusive. Each class of ordinary share ranks pari passu in all respects except in regards to dividends. Each class of ordinary share has an individual class specific right to dividends as decided by the Company from time to time.

10. | ULTIMATE CONTROLLING PARTY

| In the directors' opinion, the Company is controlled by Mrs. Jean P. O'Neill who controls directly and indirectly 90% of the Company's issued ordinary share capital.