Edward Oliver Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05092373 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

EDWARD OLIVER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

C F Hammond

R Hammond

K Hammond

REGISTERED OFFICE:

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

REGISTERED NUMBER:

05092373 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

975,753

976,452

CURRENT ASSETS

Cash at bank and in hand

6,426

1,835

CREDITORS

Amounts falling due within one year

6

392,707

277,457

NET CURRENT LIABILITIES

(386,281

)

(275,622

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

589,472

700,830

CREDITORS

Amounts falling due after more than one
year

7

-

(103,354

)

PROVISIONS FOR LIABILITIES

(77,510

)

(77,627

)

NET ASSETS

511,962

519,849

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

319,712

Retained earnings

192,150

200,037

SHAREHOLDERS' FUNDS

511,962

519,849

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

C F Hammond - Director

1.	STATUTORY INFORMATION

Edward Oliver 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis.

The financial statements are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Long leasehold

-

not provided

Improvements to property

-

not provided

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on reducing balance

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property

Freehold and leasehold properties are included in the balance sheet at their open market value as estimated by the directors with reference to independent valuers . Surpluses and deficits arising on revaluation are dealt with through the investment fair value reserve.

Property held for investment purposes is not depreciated as required by the Companies Act 2006. The directors consider that this departure from the Companies Act 2006 is necessary for the financial statements to give a true and fair view.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Improveme

Freehold

Long

to

property

leasehold

property

£

COST OR VALUATION

At 1 April 2024

810,000

160,000

4,590

Disposals

-

At 31 March 2025

810,000

160,000

4,590

DEPRECIATION

At 1 April 2024

-

Charge for year

-

Eliminated on disposal

-

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

810,000

160,000

4,590

At 31 March 2024

810,000

160,000

4,590

Fixtures

and

Computer

fittings

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

590

4,518

979,698

Disposals

-

(944

)

(944

)

At 31 March 2025

590

3,574

978,754

DEPRECIATION

At 1 April 2024

590

2,656

3,246

Charge for year

-

572

Eliminated on disposal

-

(817

)

(817

)

At 31 March 2025

590

2,411

3,001

NET BOOK VALUE

At 31 March 2025

-

1,163

975,753

At 31 March 2024

-

1,862

976,452

The gross amount of assets held for use in operating leases is £974,590 (2024: £974,590).

Cost or valuation at 31 March 2025 is represented by:

Improveme

Freehold

Long

to

property

leasehold

property

£

Valuation in 2008

-

73,940

-

Valuation in 2015

182,418

(27,000

)

-

Valuation in 2016

-

30,000

-

Valuation in 2019

105,627

(8,000

)

-

Valuation in 2021

20,000

-

Cost

501,955

71,060

4,590

810,000

160,000

4,590

Fixtures

and

Computer

fittings

equipment

Totals

£

Valuation in 2008

-

73,940

Valuation in 2015

-

155,418

Valuation in 2016

-

30,000

Valuation in 2019

-

97,627

Valuation in 2021

-

40,000

Cost

590

3,574

581,769

590

3,574

978,754

Long leasehold investment properties were valued on an open market basis on 12 January 2016 by an independent valuer.

The directors have considered the valuation of the investment properties at the year end with reference to an assessment of similar properties in the local area. In their opinion the net book value of £810,000 represents a fair open market valuation of the properties at 31st March 2025.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Tax

-

1,576

Other creditors

1,743

1,241

Directors' current accounts

388,710

272,636

Accrued expenses

2,254

2,004

392,707

277,457

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

-

103,354

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

-

103,354

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

-

103,354

The bank loan is secured upon one of the company's investment properties. The loans are for a period of 20 years and are interest only.

The directors have personally guaranteed the repayment of the loans received by the company.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who are also shareholders of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edward Oliver Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Edward Oliver Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edward Oliver Limited and state those matters that we have agreed to state to the Board of Directors of Edward Oliver Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Edward Oliver Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Edward Oliver Limited. You consider that Edward Oliver 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 financial statements of Edward Oliver 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 financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

10 December 2025