Oliver Forge and Brendan Lynch Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

Oliver Forge and Brendan Lynch Limited

Company Information

Directors

Mr O F J Forge Mr B Lynch

Company secretary

Mr B Lynch

Registered office

16 Pall Mall Pall Mall London SW1Y 5LU

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oliver Forge and Brendan Lynch Limitedfor the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oliver Forge and Brendan Lynch Limited for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Oliver Forge and Brendan Lynch Limited, as a body, in accordance with the terms of our engagement letter dated 17 April 2012. Our work has been undertaken solely to prepare for your approval the accounts of Oliver Forge and Brendan Lynch Limited and state those matters that we have agreed to state to the Board of Directors of Oliver Forge and Brendan Lynch Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oliver Forge and Brendan Lynch Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oliver Forge and Brendan Lynch Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oliver Forge and Brendan Lynch Limited. You consider that Oliver Forge and Brendan Lynch Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Oliver Forge and Brendan Lynch Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

4 December 2025

Oliver Forge and Brendan Lynch Limited

(Registration number: 04028729)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	20,427	25,401
Current assets
Stocks	5	940,507	1,006,275
Debtors	6	75,827	97,201
Cash at bank and in hand		80,483	84,614
		1,096,817	1,188,090
Creditors: Amounts falling due within one year	7	(60,636)	(171,745)
Net current assets		1,036,181	1,016,345
Total assets less current liabilities		1,056,608	1,041,746
Creditors: Amounts falling due after more than one year	7	(25,338)	(30,840)
Net assets		1,031,270	1,010,906
Capital and reserves
Called up share capital	8	1,000	1,000
Retained earnings		1,030,270	1,009,906
Shareholders' funds		1,031,270	1,010,906

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Board on 3 December 2025 and signed on its behalf by:
 

Mr O F J Forge Director

Mr B Lynch Company secretary and director

Oliver Forge and Brendan Lynch Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

1	General information

The address of its registered office is:
16 Pall Mall
Pall Mall
London
SW1Y 5LU
England

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

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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
Office equipment, fixtures and fittings	25% straight line

Oliver Forge and Brendan Lynch Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Library

15% reducing balance

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.

Trade 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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.

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.

Oliver Forge and Brendan Lynch Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

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 directors) during the year, was 4 (2024 - 4).

4	Tangible assets

	Library £	Office equipment, fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	43,459	37,224	80,683
At 31 March 2025	43,459	37,224	80,683
Depreciation
At 1 April 2024	21,064	34,218	55,282
Charge for the year	3,359	1,615	4,974
At 31 March 2025	24,423	35,833	60,256
Carrying amount
At 31 March 2025	19,036	1,391	20,427
At 31 March 2024	22,395	3,006	25,401

5

Stocks

	2025 £	2024 £
Stock	940,507	1,006,275

Oliver Forge and Brendan Lynch Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,600	30,832
Other debtors	74,227	66,369
	75,827	97,201

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	37,086	35,898
Trade creditors		7,700	121,997
Taxation and social security		5,672	4,226
Accruals and deferred income		7,034	9,308
Other creditors		3,144	316
		60,636	171,745

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	25,338	30,840

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

Oliver Forge and Brendan Lynch Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	25,338	30,840

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,637	5,498
Bank overdrafts	26,466	28,582
Other borrowings	4,983	1,818
	37,086	35,898

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £120.00 (2024 - £75.00) per each Ordinary		120,000		75,000

11	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	25,140	25,140