Company Registration No. 04639531 (England and Wales)
HOWARD OVERMAN LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
HOWARD OVERMAN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HOWARD OVERMAN LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
23,591
18,368
Investment property
3
400,000
390,000
Investments
5
3,212,484
3,201,213
3,636,075
3,609,581
Current assets
Debtors
6
250,905
449,328
Cash at bank and in hand
267,315
6,702
518,220
456,030
Creditors: amounts falling due within one year
7
(150,605)
(84,317)
Net current assets
367,615
371,713
Total assets less current liabilities
4,003,690
3,981,294
Provisions for liabilities
(229,764)
(223,419)
Net assets
3,773,926
3,757,875
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
8
3,773,826
3,757,775
Total equity
3,773,926
3,757,875

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HOWARD OVERMAN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2025
05 April 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 December 2025
H J Overman
Director
Company registration number 04639531 (England and Wales)
HOWARD OVERMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 3 -
1
Accounting policies
Company information

Howard Overman Limited is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised when the goods are physically delivered to the customer and when the services are performed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance

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.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Financial instruments

The company has the following financial instruments:

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

HOWARD OVERMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2024 - 2).

3
Investment property
2025
£
Fair value
At 6 April 2024
390,000
Revaluations
10,000
At 5 April 2025
400,000

The fair value of the investment property at 5 April 2025 has been arrived at on an open market basis by reference to the market evidence of transaction prices for similar properties by H Overman, the director of the company.

HOWARD OVERMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2024
48,263
Additions
9,386
At 5 April 2025
57,649
Depreciation and impairment
At 6 April 2024
29,895
Depreciation charged in the year
4,163
At 5 April 2025
34,058
Carrying amount
At 5 April 2025
23,591
At 5 April 2024
18,368
5
Fixed asset investments
2025
2024
£
£
Listed investments
3,212,484
3,201,213
Fixed asset investments revalued

Listed investments have been included at their market value. The historical cost of these items is £2,446,469 (2024 - £2,448,529).

Movements in fixed asset investments
Listed investments
£
Cost or valuation
At 6 April 2024
3,201,213
Additions
237,729
Valuation changes
(4,640)
Investment charges
(62,756)
Disposals
(159,062)
At 5 April 2025
3,212,484
Carrying amount
At 5 April 2025
3,212,484
At 5 April 2024
3,201,213
HOWARD OVERMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
52,571
4,782
Other debtors
198,334
444,546
250,905
449,328
7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
105,668
75,061
Other taxation and social security
31,420
2,176
Other creditors
13,517
7,080
150,605
84,317
8
Profit and loss reserves

Included in the profit and loss account reserves are fair value revaluations of £722,937 (20 24 : £707,822), which are non-distributable.

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