REGISTERED NUMBER: 02813407 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

O'NEILL HOLDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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.