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Registration number: 11605797

Oliverball Serviced Apartments Ltd
Annual Report and Unaudited Financial Statements
for the Period from 1 April 2024 to 7 August 2025

Oliverball Serviced Apartments Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 9

Oliverball Serviced Apartments Ltd

(Registration number: 11605797)
Balance Sheet as at 7 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | - | 88,300
Current assets |  |  |
Debtors | 5 | 4,693 | 599,430
Cash at bank and in hand |  | 1,215 | 26,696
|  | 5,908 | 626,126
Creditors: Amounts falling due within one year | 6 | (18,942) | (338,251)
Net current (liabilities)/assets |  | (13,034) | 287,875
Total assets less current liabilities |  | (13,034) | 376,175
Creditors: Amounts falling due after more than one year | 6 | - | (17,501)
Net (liabilities)/assets |  | (13,034) | 358,674
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (13,134) | 358,574
Shareholders' (deficit)/funds |  | (13,034) | 358,674

For the financial period ending 7 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director on 17 November 2025

Mr C D Ball Director |  |

Oliverball Serviced Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 7 August 2025

1 | General information

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

The address of its registered office is:
2nd Floor, Froddington House
Cumberland Business Centre
Northumberland Road
Southsea
PO5 1DS

These financial statements were authorised for issue by the director on 17 November 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

The financial statements have been prepared under the break up basis.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have not been prepared on a going concern basis. The company ceased to trade at the balance sheet date, and the financial statements have therefore been prepared under the break up basis.

Oliverball Serviced Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 7 August 2025

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue for the sale of goods when all the following conditions are satisfied:
a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the group retains no continuing involvement or control over the goods;
c) the amount of revenue can be reliably measured;
d) it is probable that future economic benefits will flow to the company; and
e) specific criteria have been met for each of the groups activities.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost 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 | 33% straight line
Furniture, fittings and equipment | 20% reducing balance
Motor vehicles | 20% straight line
Office equipment | 33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Oliverball Serviced Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 7 August 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Oliverball Serviced Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 7 August 2025

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period was 3 (2024 - 4).

Oliverball Serviced Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 7 August 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 103,537 | 5,144 | 5,995 | 42,223 | 156,899
Additions | - | 1,448 | - | - | 1,448
Disposals | (103,537) | (6,592) | (5,995) | (42,223) | (158,347)
At 7 August 2025 | - | - | - | - | -
Depreciation
At 1 April 2024 | 46,829 | 2,490 | 5,629 | 13,651 | 68,599
Eliminated on disposal | (46,829) | (2,490) | (5,629) | (13,651) | (68,599)
At 7 August 2025 | - | - | - | - | -
Carrying amount
At 7 August 2025 | - | - | - | - | -
At 31 March 2024 | 56,708 | 2,654 | 366 | 28,572 | 88,300

Oliverball Serviced Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 7 August 2025

5 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | - | 59,866
Amounts owed by related parties | 8 | 100 | 325,657
Other debtors |  | 428 | 2,593
Prepayments |  | 1,165 | 22,671
Accrued income |  | 3,000 | 188,643
|  | 4,693 | 599,430

6 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Loans and borrowings | 7 | - | 26,275
Trade creditors |  | 30 | 14,039
Amounts due to related parties | 8 | 479 | 21,492
Social security and other taxes |  | 4,432 | 13,579
Other creditors |  | 866 | 24,972
Accruals |  | 1,508 | 30,556
Corporation tax liability |  | 11,627 | 65,226
Deferred income |  | - | 142,112
|  | 18,942 | 338,251
Due after one year |  |  |
Loans and borrowings | 7 | - | 17,501

Oliverball Serviced Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 7 August 2025

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 20,791
Hire purchase contracts | - | 5,484
| - | 26,275

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | - | 17,501

Oliverball Serviced Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 7 August 2025

8 | Related party transactions

Loans from related parties

2025 | Key management £ | Total £
At start of period | 21,180 | 21,180
Advanced | 14,899 | 14,899
Repaid | (35,600) | (35,600)
At end of period | 479 | 479

2024 | Key management £ | Total £
At start of period | 1,000 | 1,000
Advanced | 20,180 | 20,180
At end of period | 21,180 | 21,180

Terms of loans from related parties

The loan from the director is repayable on demand and no interest is payable on the loan.