Company No: 08371976 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	6,661		8,880
Investment property	4	2,200,000		3,250,000
Investments	5	460,146		452,183
		2,666,807		3,711,063
Current assets
Debtors	6	132,089		42,349
Cash at bank and in hand		15,623		4,306
		147,712		46,655
Creditors: amounts falling due within one year	7	( 153,596)		( 232,600)
Net current liabilities		(5,884)		(185,945)
Total assets less current liabilities		2,660,923		3,525,118
Creditors: amounts falling due after more than one year	8	( 20,405)		( 75,111)
Provision for liabilities		( 161,441)		( 422,435)
Net assets		2,479,077		3,027,572
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		2,478,977		3,027,472
Total shareholders' funds		2,479,077		3,027,572

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of O'Brien Investments Limited (registered number: 08371976) were approved and authorised for issue by the Board of Directors on 11 December 2025. They were signed on its behalf by:

Mrs S O'Brien Director

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

O'Brien Investments 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 First Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom. The principal place of business is Unit 3 Chartfield House, Castle Street, Taunton, Somerset, TA1 4AS.

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 £.

Going concern

In light of the current economic situation, both in the UK and globally, impacted by inflation and general cost of living increases, the directors have given consideration to the impact of these issues on the operations and financial position of the company, as well as upon customers and suppliers. The directors are satisfied that, having considered no less than 12 months from the date of approval of the financial statements, that the issues identified do not present a significant risk to the going concern basis of the company and, therefore, that the going concern basis of preparation remains appropriate.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover represents management charges, exclusive of VAT.

Taxation

Current tax
Tax is recognised in the 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 corporation 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.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Vehicles	25 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
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 the finance leases are recognised at the lower of their 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	21,052		7,706		28,758
At 31 March 2025	21,052		7,706		28,758
Accumulated depreciation
At 01 April 2024	12,172		7,706		19,878
Charge for the financial year	2,219		0		2,219
At 31 March 2025	14,391		7,706		22,097
Net book value
At 31 March 2025	6,661		0		6,661
At 31 March 2024	8,880		0		8,880

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	3,250,000
Fair value movement	(1,050,000)
As at 31 March 2025	2,200,000

One of the investment properties (The Old Vicarage) was valued on 28th July 2025 by Vickery Holman Property Consultants RICS who are external to the company. In the opinion of the directors the value of the second investment property (22-24 Station Road) has not changed significantly from the original cost. The assessment is based on the market value of similar properties, rents and yields at that time.

This class of assets has a current market value of £2,200,000 (2024:£3,250,000) and a carrying historic cost of £1,483,995 (2024:£1,483,995)

5. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	247		200
Participating interests	50		50
Other investments and loans	459,849		451,933
	460,146		452,183

	Listed investments		Investments in associates		Total
	£		£		£
Cost or valuation before impairment
At 01 April 2024	451,933		50		451,983
Additions	2,754		0		2,754
Movement in fair value	5,162		0		5,162
At 31 March 2025	459,849		50		459,899
Carrying value at 31 March 2025	459,849		50		459,899
Carrying value at 31 March 2024	451,933		50		451,983

6. Debtors

	2025		2024
	£		£
Trade debtors	15,001		4,951
Amounts owed by Group undertakings	110,053		25,000
Other debtors	7,035		12,398
	132,089		42,349

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	60,000		60,000
Trade creditors	14,628		1,774
Amounts owed to Group undertakings	0		25,000
Taxation and social security	13,539		29,480
Other creditors	65,429		116,346
	153,596		232,600

Creditors amounts falling due within one year includes bank loans of £60,000 (2024:£60,000) on which security has been given by the company in the form of a legal charge over all assets of the company.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	20,405		75,111

Creditors amounts falling due after more than one year includes bank loans of £20,405 (2024: £75,111) on which security has been given by the company in the form of a legal charge over all assets of the company.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each	100		100

10. Financial commitments

Other financial commitments

	2025		2024
	£		£
The total amount of financial commitments not included in the balance sheet	68,100		35,596

11. Reserves

As at 31 March 2025 the profit and loss account included £615,651 (2024: £1,397,214) of non-distributable reserves. This relates to the revaluation surplus on investments.