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REGISTERED NUMBER: 09029053 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

The Old Woollen Mill Associates Ltd

The Old Woollen Mill Associates Ltd (Registered number: 09029053)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

The Old Woollen Mill Associates Ltd

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | Mr M G Oliver

| Mrs N A Oliver

| REGISTERED OFFICE: | 14a Waterside Business Park

| Livingstone Road

| Hessle

| East Yorkshire

| HU13 0EG

| REGISTERED NUMBER: | 09029053 (England and Wales)

The Old Woollen Mill Associates Ltd (Registered number: 09029053)

Balance Sheet

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,659 |  | 2,573 |  |

Investment property | 5 | 561,257 |  | 638,441 |  |

562,916 |  | 641,014 |  |

CURRENT ASSETS

Debtors | 6 | 11,338 |  | 6,449 |  |

Cash at bank and in hand | 19,317 |  | 2,263 |  |

30,655 |  | 8,712 |  |

CREDITORS

Amounts falling due within one year | 7 | 544,793 |  | 600,731 |  |

NET CURRENT LIABILITIES | (514,138 | ) | (592,019 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 48,778 |  | 48,995 |  |

PROVISIONS FOR LIABILITIES | 3,925 |  | 4,099 |  |

NET ASSETS | 44,853 |  | 44,896 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | 44,653 |  | 44,696 |  |

SHAREHOLDERS' FUNDS | 44,853 |  | 44,896 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Old Woollen Mill Associates Ltd (Registered number: 09029053)

Balance Sheet - continued

31 May 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2026 and were signed on its behalf by:

Mr M G Oliver - Director

The Old Woollen Mill Associates Ltd (Registered number: 09029053)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| The Old Woollen Mill Associates Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents net invoiced sales of services and income from properties.

| Revenue Recognition

| Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

| Tangible fixed assets

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

| Fixtures and fittings | - | 20% on cost and 20% on reducing balance

| Computer equipment | - | 33% on cost

| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| 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 or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

The Old Woollen Mill Associates Ltd (Registered number: 09029053)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 838 |  | 8,184 |  | 9,022 |  |

| DEPRECIATION

| At 1 June 2024 | 750 |  | 5,699 |  | 6,449 |  |

| Charge for year | 18 |  | 896 |  | 914 |  |

| At 31 May 2025 | 768 |  | 6,595 |  | 7,363 |  |

| NET BOOK VALUE

| At 31 May 2025 | 70 |  | 1,589 |  | 1,659 |  |

| At 31 May 2024 | 88 |  | 2,485 |  | 2,573 |  |

The Old Woollen Mill Associates Ltd (Registered number: 09029053)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024 | 638,441 |  |

| Additions | 3,946 |  |

| Disposals | (81,130 | ) |

| At 31 May 2025 | 561,257 |  |

| NET BOOK VALUE

| At 31 May 2025 | 561,257 |  |

| At 31 May 2024 | 638,441 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade debtors | 11,084 |  | 6,233 |  |

| Prepayments | 254 |  | 216 |  |

11,338 |  | 6,449 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade creditors | 34 |  | - |  |

| Corporation tax | 429 |  | 3,829 |  |

| Other creditors | 411,000 |  | 411,054 |  |

| Directors' current accounts | 130,952 |  | 183,628 |  |

| Accrued expenses | 2,378 |  | 2,220 |  |

544,793 |  | 600,731 |  |

8. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.