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Company No: 06908203 (England and Wales)

# C & D (OLNEY) LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH THE REGISTRAR

C & D (OLNEY) LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

Contents

C & D (OLNEY) LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
C & D (OLNEY) LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

DIRECTOR | Christian George Aaberg Thomsen

SECRETARY | Christian George Thomsen

REGISTERED OFFICE | The Old Maltings
| 102a High Street
| Olney
| MK46 4BE
| United Kingdom

COMPANY NUMBER | 06908203 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Eagle House
| 28 Billing Road
| Northampton
| NN1 5AJ

C & D (OLNEY) LIMITED

## BALANCE SHEET

AS AT 31 MAY 2025
C & D (OLNEY) LIMITED

## BALANCE SHEET (continued)

AS AT 31 MAY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 6 | 855,000 |  | 855,000
|  | 855,000 |  | 855,000
Current assets |  |  |  |
Debtors | 7 | 174 |  | 86
Cash at bank and in hand | 8 | 30,589 |  | 844
|  | 30,763 |  | 930
Creditors: amounts falling due within one year | 9 | ( 397,654) |  | ( 367,528)
Net current liabilities |  | (366,891) |  | (366,598)
Total assets less current liabilities |  | 488,109 |  | 488,402
Provision for liabilities |  | ( 37,253) |  | ( 37,253)
Net assets |  | 450,856 |  | 451,149
Capital and reserves |  |  |  |
Called-up share capital | 10 | 4,000 |  | 4,000
Fair value reserve |  | 280,587 |  | 280,587
Profit and loss account |  | 166,269 |  | 166,562
Total shareholders' funds |  | 450,856 |  | 451,149

For the financial year ending 31 May 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 financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of C & D (Olney) Limited (registered number: 06908203) were approved and authorised for issue by the Director on 11 November 2025. They were signed on its behalf by:

Christian George Aaberg Thomsen Director |

C & D (OLNEY) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
C & D (OLNEY) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

C & D (Olney) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Maltings, 102a High Street, Olney, MK46 4BE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents amounts receivable for rent.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### 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 and loss.
No depreciation or amortisation is provided in respect of freehold investment properties. The directors consider that this accounting policy results in the financial statements giving a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

##### Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.
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 entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

#### 2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 4. Dividends on equity shares

| 2025 |  | 2024
| £ |  | £
Amounts recognised as distributions to equity holders in the financial year: |  |  |
Interim | 0 |  | 12,000

#### 5. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 6,691 |  | 6,691
At 31 May 2025 | 6,691 |  | 6,691
Accumulated depreciation |  |  |
At 01 June 2024 | 6,691 |  | 6,691
At 31 May 2025 | 6,691 |  | 6,691
Net book value |  |  |
At 31 May 2025 | 0 |  | 0
At 31 May 2024 | 0 |  | 0

#### 6. Investment property

| Investment property
| £
Valuation |
As at 01 June 2024 | 855,000
As at 31 May 2025 | 855,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 855,000 |  | 855,000

Fair value at 31 May 2025 is represented by:
Valuation in 2014 £43,884
Valuation in 2016 £108,956
Valuation in 2019 £29,000
Valuation in 2021 £136,000
Cost £537,160

Investment property was valued on an open market basis on 31 May 2025 by C Thomsen.
In the directors opinion, the investment property is stated at its open market value.

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Prepayments | 105 |  | 86
Corporation tax | 69 |  | 0
| 174 |  | 86

#### 8. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 1,585 |  | 844
Short-term deposits | 29,004 |  | 0
| 30,589 |  | 844

#### 9. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to director | 49,900 |  | 0
Accruals | 1,754 |  | 1,615
Taxation and social security | 0 |  | 2,913
Other creditors | 346,000 |  | 363,000
| 397,654 |  | 367,528

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
4,000 Ordinary shares of £ 1.00 each | 4,000 |  | 4,000

#### 11. Ultimate controlling party

The company is under the control of Mr C Thomsen and Mrs A Thomsen by virtue of their 100% holding of the issued share capital.